Goodnow Investment Group Lowered Its Position in Genesee & Wyo (GWR) by $339,300 as Valuation Declined; Duke Energy (DUK) Shareholder Patten Group Lowered Holding by $1.41 Million

April 24, 2018 - By wolcottdaily

Duke Energy Corporation (NYSE:DUK) Logo

Edward Goodnow decreased its stake in Genesee & Wyo Inc (GWR) by 0.77% based on its latest 2017Q4 regulatory filing with the SEC. Goodnow Investment Group Llc sold 4,350 shares as the company’s stock declined 9.03% with the market. The hedge fund run by Edward Goodnow held 561,527 shares of the transportation company at the end of 2017Q4, valued at $44.21 million, down from 565,877 at the end of the previous reported quarter. Goodnow Investment Group Llc who had been investing in Genesee & Wyo Inc for a number of months, seems to be less bullish one the $4.46B market cap company. The stock increased 0.73% or $0.52 during the last trading session, reaching $71.96. About 2,774 shares traded. Genesee & Wyoming Inc. (NYSE:GWR) has risen 8.57% since April 24, 2017 and is uptrending. It has underperformed by 2.98% the S&P500.

Patten Group Inc decreased its stake in Duke Energy Corp (DUK) by 82.28% based on its latest 2017Q4 regulatory filing with the SEC. Patten Group Inc sold 16,761 shares as the company’s stock declined 8.40% with the market. The institutional investor held 3,609 shares of the power generation company at the end of 2017Q4, valued at $304,000, down from 20,370 at the end of the previous reported quarter. Patten Group Inc who had been investing in Duke Energy Corp for a number of months, seems to be less bullish one the $56.49 billion market cap company. The stock increased 0.33% or $0.26 during the last trading session, reaching $78.25. About 48,854 shares traded. Duke Energy Corporation (NYSE:DUK) has declined 6.87% since April 24, 2017 and is downtrending. It has underperformed by 18.42% the S&P500.

Analysts await Genesee & Wyoming Inc. (NYSE:GWR) to report earnings on May, 1 before the open. They expect $0.74 earnings per share, up 39.62% or $0.21 from last year’s $0.53 per share. GWR’s profit will be $45.83M for 24.31 P/E if the $0.74 EPS becomes a reality. After $0.77 actual earnings per share reported by Genesee & Wyoming Inc. for the previous quarter, Wall Street now forecasts -3.90% negative EPS growth.

Among 14 analysts covering Genesee & Wyoming Inc. (NYSE:GWR), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Genesee & Wyoming Inc. had 45 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, February 23. Stephens maintained it with “Outperform” rating and $80 target in Monday, December 14 report. The firm has “Outperform” rating given on Wednesday, September 2 by RBC Capital Markets. The rating was maintained by Cowen & Co on Wednesday, November 2 with “Outperform”. The stock of Genesee & Wyoming Inc. (NYSE:GWR) earned “Buy” rating by Cowen & Co on Monday, July 10. Susquehanna maintained it with “Hold” rating and $90.0 target in Tuesday, January 16 report. The firm earned “Buy” rating on Wednesday, April 19 by Bank of America. The firm has “Outperform” rating by Cowen & Co given on Friday, April 29. On Friday, November 10 the stock rating was maintained by Bank of America with “Buy”. The firm has “Outperform” rating given on Monday, February 12 by Credit Suisse.

Investors sentiment increased to 1.4 in Q4 2017. Its up 0.33, from 1.07 in 2017Q3. It increased, as 28 investors sold GWR shares while 70 reduced holdings. 43 funds opened positions while 94 raised stakes. 57.56 million shares or 2.30% less from 58.92 million shares in 2017Q3 were reported. 15,230 are held by New Mexico Educational Retirement Board. Eagle Boston Investment Mgmt reported 157,061 shares. Tower Rech Capital Llc (Trc) invested in 0% or 135 shares. Liberty Mutual Gru Asset Mgmt stated it has 0.04% in Genesee & Wyoming Inc. (NYSE:GWR). Aperio Grp Inc Limited Liability reported 21,433 shares. Jacobs And Ca reported 0.34% in Genesee & Wyoming Inc. (NYSE:GWR). Commercial Bank Of Ny Mellon Corporation invested in 0.01% or 666,429 shares. First Personal Services stated it has 456 shares or 0.01% of all its holdings. 3,320 are owned by Jefferies Grp Incorporated Limited Liability. Cubist Systematic Strategies Ltd owns 2,724 shares. Aqr Cap Mgmt Ltd Limited Liability Company owns 6,315 shares. Quantitative Systematic Strategies Limited Liability Co owns 4,439 shares. Public Employees Retirement Systems Of Ohio invested in 0.01% or 27,426 shares. 55 were reported by Huntington Savings Bank. Davenport And Lc accumulated 562,956 shares.

Analysts await Duke Energy Corporation (NYSE:DUK) to report earnings on May, 10 before the open. They expect $1.12 EPS, up 7.69% or $0.08 from last year’s $1.04 per share. DUK’s profit will be $808.50M for 17.47 P/E if the $1.12 EPS becomes a reality. After $0.94 actual EPS reported by Duke Energy Corporation for the previous quarter, Wall Street now forecasts 19.15% EPS growth.

Among 20 analysts covering Duke Energy (NYSE:DUK), 5 have Buy rating, 4 Sell and 11 Hold. Therefore 25% are positive. Duke Energy had 89 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Duke Energy Corporation (NYSE:DUK) earned “Neutral” rating by SunTrust on Monday, October 19. The stock of Duke Energy Corporation (NYSE:DUK) earned “Buy” rating by Goldman Sachs on Monday, June 26. The stock of Duke Energy Corporation (NYSE:DUK) earned “Buy” rating by Guggenheim on Tuesday, August 18. The company was maintained on Monday, April 2 by SunTrust. The firm has “Hold” rating given on Monday, March 19 by SunTrust. As per Monday, April 16, the company rating was maintained by SunTrust. On Sunday, August 27 the stock rating was maintained by RBC Capital Markets with “Buy”. As per Wednesday, March 28, the company rating was downgraded by Goldman Sachs. Argus Research maintained it with “Buy” rating and $81.0 target in Friday, January 8 report. As per Thursday, May 11, the company rating was maintained by BMO Capital Markets.

Patten Group Inc, which manages about $252.47M US Long portfolio, upped its stake in Ishares Core Msci Emerging Markets Etf (IEMG) by 30,573 shares to 32,497 shares, valued at $1.85M in 2017Q4, according to the filing. It also increased its holding in Dover Corp (NYSE:DOV) by 4,105 shares in the quarter, for a total of 4,707 shares, and has risen its stake in Premier Inc (NASDAQ:PINC).

Duke Energy Corporation (NYSE:DUK) Institutional Positions Chart

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