Garrison Financial Has Decreased Stake in General Electric Co. (GE) by $693,668; First Heartland Consultants Has Lifted Spectra Energy Partners LP (SEP) Position by $682,305; Share Value Declined

April 25, 2018 - By Nellie Frank

Spectra Energy Partners, LP (NYSE:SEP) Logo

First Heartland Consultants Inc increased its stake in Spectra Energy Partners Lp (SEP) by 84.48% based on its latest 2017Q4 regulatory filing with the SEC. First Heartland Consultants Inc bought 17,495 shares as the company’s stock declined 21.17% with the market. The institutional investor held 38,205 shares of the public utilities company at the end of 2017Q4, valued at $1.51M, up from 20,710 at the end of the previous reported quarter. First Heartland Consultants Inc who had been investing in Spectra Energy Partners Lp for a number of months, seems to be bullish on the $17.42 billion market cap company. The stock increased 0.74% or $0.26 during the last trading session, reaching $35.46. About 269,014 shares traded. Spectra Energy Partners, LP (NYSE:SEP) has declined 22.60% since April 25, 2017 and is downtrending. It has underperformed by 34.15% the S&P500.

Garrison Financial Corp decreased its stake in General Electric Co. (GE) by 39.87% based on its latest 2017Q4 regulatory filing with the SEC. Garrison Financial Corp sold 40,804 shares as the company’s stock declined 23.20% with the market. The institutional investor held 61,529 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.07M, down from 102,333 at the end of the previous reported quarter. Garrison Financial Corp who had been investing in General Electric Co. for a number of months, seems to be less bullish one the $121.96 billion market cap company. The stock decreased 4.33% or $0.64 during the last trading session, reaching $14.05. About 97.32M shares traded or 18.61% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since April 25, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

First Heartland Consultants Inc, which manages about $867.76 million and $332.38M US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 13,873 shares to 13,224 shares, valued at $1.13 million in 2017Q4, according to the filing. It also reduced its holding in Abbvie Inc (NYSE:ABBV) by 7,850 shares in the quarter, leaving it with 4,783 shares, and cut its stake in Exxon Mobil Corp (NYSE:XOM).

Among 22 analysts covering Spectra Energy Partners LP (NYSE:SEP), 6 have Buy rating, 3 Sell and 13 Hold. Therefore 27% are positive. Spectra Energy Partners LP had 65 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Spectra Energy Partners, LP (NYSE:SEP) earned “Buy” rating by Stifel Nicolaus on Tuesday, May 31. The company was maintained on Friday, November 17 by Morgan Stanley. The stock has “Neutral” rating by Credit Suisse on Thursday, March 17. Stifel Nicolaus maintained it with “Hold” rating and $3300 target in Sunday, April 22 report. The rating was maintained by Jefferies with “Buy” on Wednesday, December 20. Mizuho maintained the stock with “Hold” rating in Wednesday, April 11 report. The rating was maintained by Stifel Nicolaus on Wednesday, November 29 with “Buy”. U.S. Capital Advisors downgraded the stock to “Overweight” rating in Thursday, January 4 report. The stock of Spectra Energy Partners, LP (NYSE:SEP) earned “Hold” rating by Wells Fargo on Thursday, January 11. Goldman Sachs downgraded it to “Sell” rating and $41.0 target in Tuesday, October 17 report.

Investors sentiment decreased to 0.82 in 2017 Q4. Its down 0.31, from 1.13 in 2017Q3. It fall, as 22 investors sold SEP shares while 74 reduced holdings. 24 funds opened positions while 55 raised stakes. 66.54 million shares or 6.90% more from 62.25 million shares in 2017Q3 were reported. Glenmede Tru Na holds 39,424 shares or 0.01% of its portfolio. Kayne Anderson Cap Advisors L P, a California-based fund reported 3.39M shares. M&R Capital Mgmt Incorporated holds 420 shares. Virtu Financial Limited Liability Corporation holds 0.06% or 30,915 shares in its portfolio. Susquehanna Intl Grp Llp stated it has 0% in Spectra Energy Partners, LP (NYSE:SEP). Deutsche Natl Bank Ag accumulated 797,496 shares. First Manhattan accumulated 2,280 shares or 0% of the stock. Salient Cap Ltd stated it has 25,695 shares or 0.02% of all its holdings. Ameriprise Fincl reported 0% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP). Bollard Ltd Liability Company stated it has 119,293 shares or 0.23% of all its holdings. Leavell Invest Mngmt Inc has 8,502 shares for 0.04% of their portfolio. Jnba Fin holds 1,350 shares or 0.01% of its portfolio. Moreover, Samson Capital Mngmt Ltd Liability Corp has 6.44% invested in Spectra Energy Partners, LP (NYSE:SEP) for 150,456 shares. Dearborn Ptnrs Limited Co holds 75,563 shares. 6,397 were accumulated by Beach Invest Counsel Inc Pa.

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

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 100 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, December 16 by Bernstein. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, October 2 report. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Monday, April 23 by RBC Capital Markets. The firm has “Buy” rating given on Friday, July 7 by Stifel Nicolaus. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Monday, April 24. RBC Capital Markets has “Outperform” rating and $35 target. The rating was initiated by Cowen & Co with “Market Perform” on Tuesday, June 7. On Tuesday, November 14 the stock rating was maintained by Bank of America with “Buy”. The rating was maintained by Cowen & Co on Wednesday, April 11 with “Hold”. Oppenheimer downgraded the stock to “Perform” rating in Monday, September 21 report. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Tuesday, October 20 by S&P Research.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It dived, 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. Starr Company invested 0.08% in General Electric Company (NYSE:GE). Pacad Invest Limited holds 1.56% in General Electric Company (NYSE:GE) or 394,900 shares. Perkins Coie Trust holds 0.66% or 75,577 shares in its portfolio. Jacobs Ca has invested 0.61% in General Electric Company (NYSE:GE). Neuberger Berman Grp Ltd Company reported 0.07% of its portfolio in General Electric Company (NYSE:GE). Paloma Prtnrs holds 203,736 shares. Ontario – Canada-based Commercial Bank Of Montreal Can has invested 0.17% in General Electric Company (NYSE:GE). Nottingham Advisors Inc reported 33,871 shares. Doheny Asset Management Ca, a California-based fund reported 57,725 shares. Bangor Retail Bank stated it has 0.31% of its portfolio in General Electric Company (NYSE:GE). Private Wealth Limited Liability has 23,325 shares for 0.08% of their portfolio. Bp Public Limited Company accumulated 517,000 shares. Ashfield Ptnrs Limited Liability Corporation has invested 0.59% in General Electric Company (NYSE:GE). Birmingham Cap Inc Al invested in 1.77% or 264,736 shares. National Pension Ser holds 6.95 million shares.

Garrison Financial Corp, which manages about $191.27 million US Long portfolio, upped its stake in Schwab Us Broad Mkt (SCHB) by 5,055 shares to 26,684 shares, valued at $1.72M in 2017Q4, according to the filing.

Spectra Energy Partners, LP (NYSE:SEP) Institutional Positions Chart

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