Cbre Clarion Securities Lowered Position in Buckeye Partners L.P. (BPL) as Stock Price Declined; As General Electric Co (GE) Market Value Declined, Intersect Capital Cut Its Stake

April 23, 2018 - By Migdalia James

Buckeye Partners, L.P. (NYSE:BPL) Logo

Cbre Clarion Securities Llc decreased its stake in Buckeye Partners L.P. (BPL) by 64.25% based on its latest 2017Q4 regulatory filing with the SEC. Cbre Clarion Securities Llc sold 70,250 shares as the company’s stock declined 21.81% with the market. The institutional investor held 39,089 shares of the natural gas distribution company at the end of 2017Q4, valued at $1.94 million, down from 109,339 at the end of the previous reported quarter. Cbre Clarion Securities Llc who had been investing in Buckeye Partners L.P. for a number of months, seems to be less bullish one the $6.22B market cap company. The stock increased 1.25% or $0.5 during the last trading session, reaching $40.61. About 436,825 shares traded. Buckeye Partners, L.P. (NYSE:BPL) has declined 43.06% since April 23, 2017 and is downtrending. It has underperformed by 54.61% the S&P500.

Intersect Capital Llc decreased its stake in General Electric Co (GE) by 43.82% based on its latest 2017Q4 regulatory filing with the SEC. Intersect Capital Llc sold 68,813 shares as the company’s stock declined 23.20% with the market. The institutional investor held 88,209 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.54 million, down from 157,022 at the end of the previous reported quarter. Intersect Capital Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $126.30 billion market cap company. The stock increased 0.04% or $0.01 during the last trading session, reaching $14.55. About 44.38M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 23, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Since March 9, 2018, it had 1 insider buy, and 1 insider sale for $445,244 activity. On Friday, March 23 McKinley Mark C. bought $38,463 worth of Buckeye Partners, L.P. (NYSE:BPL) or 1,000 shares.

Among 18 analysts covering Buckeye Partners (NYSE:BPL), 5 have Buy rating, 1 Sell and 12 Hold. Therefore 28% are positive. Buckeye Partners had 58 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Neutral” rating by Mizuho on Monday, February 13. On Monday, May 8 the stock rating was upgraded by Stifel Nicolaus to “Buy”. Citigroup maintained the stock with “Buy” rating in Tuesday, October 10 report. The rating was maintained by RBC Capital Markets with “Hold” on Monday, August 7. The company was upgraded on Monday, September 19 by Goldman Sachs. As per Tuesday, January 17, the company rating was reinitiated by Barclays Capital. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Friday, March 23 report. The company was initiated on Wednesday, October 12 by Credit Suisse. The rating was maintained by Mizuho on Monday, November 7 with “Neutral”. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Buy” rating by Stifel Nicolaus on Monday, November 6.

Cbre Clarion Securities Llc, which manages about $22.77B and $8.72 billion US Long portfolio, upped its stake in Cheniere Energy Inc. (NYSEMKT:LNG) by 8,900 shares to 110,064 shares, valued at $5.93 million in 2017Q4, according to the filing. It also increased its holding in Brixmor Property Group (NYSE:BRX) by 831,018 shares in the quarter, for a total of 7.88 million shares, and has risen its stake in Western Gas Partners Lp (NYSE:WES).

Analysts await Buckeye Partners, L.P. (NYSE:BPL) to report earnings on May, 4 before the open. They expect $0.77 EPS, down 12.50% or $0.11 from last year’s $0.88 per share. BPL’s profit will be $117.92M for 13.19 P/E if the $0.77 EPS becomes a reality. After $0.85 actual EPS reported by Buckeye Partners, L.P. for the previous quarter, Wall Street now forecasts -9.41% negative EPS growth.

Investors sentiment decreased to 0.57 in Q4 2017. Its down 0.43, from 1 in 2017Q3. It turned negative, as 48 investors sold BPL shares while 116 reduced holdings. 29 funds opened positions while 65 raised stakes. 98.68 million shares or 1.84% more from 96.89 million shares in 2017Q3 were reported. Bbva Compass National Bank & Trust Inc holds 0.01% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL) for 4,226 shares. First Manhattan has 0% invested in Buckeye Partners, L.P. (NYSE:BPL) for 16,500 shares. Cv Starr And Inc owns 180,000 shares for 3.91% of their portfolio. Blackhill Cap Inc has invested 0.23% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Miller Howard Investments reported 448,770 shares. Sumitomo Mitsui holds 48,000 shares. Botty Ltd Company owns 7,325 shares. Williams Jones Associate Limited Liability Com has 0.07% invested in Buckeye Partners, L.P. (NYSE:BPL) for 61,400 shares. Royal Savings Bank Of Canada invested in 0.02% or 813,133 shares. 15,565 are held by Regions Fincl. Chemical National Bank & Trust has invested 0.12% in Buckeye Partners, L.P. (NYSE:BPL). Moors Cabot Inc holds 33,889 shares or 0.22% of its portfolio. First Foundation invested 0.04% in Buckeye Partners, L.P. (NYSE:BPL). Sei Invs Com has 0% invested in Buckeye Partners, L.P. (NYSE:BPL) for 337 shares. Texas Yale Cap has invested 0.4% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL).

Since January 26, 2018, it had 1 buying transaction, and 0 selling transactions for $43,446 activity.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It dropped, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. 35,356 are owned by Genesee Valley Tru. Girard Limited reported 0.22% in General Electric Company (NYSE:GE). Moller Financial accumulated 0.24% or 36,544 shares. Pacific Glob Inv Mngmt invested in 0.24% or 64,061 shares. 291,921 are held by Linscomb And Williams. 228,280 were accumulated by Zeke Capital Advsr Limited Liability Corporation. Gamble Jones Counsel owns 0.18% invested in General Electric Company (NYSE:GE) for 105,719 shares. Spears Abacus Lc has 1.86% invested in General Electric Company (NYSE:GE). Qcm Cayman reported 0.75% of its portfolio in General Electric Company (NYSE:GE). Northeast Invest Management invested in 386,955 shares. Financial Bank Of The Ozarks reported 92,817 shares stake. Oppenheimer Asset stated it has 0.32% of its portfolio in General Electric Company (NYSE:GE). Invesco Ltd stated it has 22.14 million shares. Lodestar Inv Counsel Ltd Co Il reported 0.62% of its portfolio in General Electric Company (NYSE:GE). West Family reported 164,752 shares stake.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company had 99 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, July 7 report. The company was upgraded on Wednesday, August 26 by Vetr. Deutsche Bank downgraded the stock to “Sell” rating in Friday, May 12 report. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, August 25 report. Standpoint Research initiated the shares of GE in report on Friday, July 22 with “Sell” rating. The rating was downgraded by DZ Bank on Friday, January 26 to “Hold”. The firm earned “Sector Perform” rating on Tuesday, November 14 by RBC Capital Markets. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, October 6. Citigroup maintained General Electric Company (NYSE:GE) rating on Thursday, January 25. Citigroup has “Buy” rating and $23 target. The stock of General Electric Company (NYSE:GE) has “Market Perform” rating given on Monday, April 4 by Bernstein.

General Electric Company (NYSE:GE) Institutional Positions Chart

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