Riverstone Holdings Lowered Holding in Pattern Energy Group (PEGI) as Stock Price Rose; Parsons Capital Management Stake in Texas Instrs (TXN) Has Increased by $622,199

January 20, 2018 - By Marie Mckinney

Riverstone Holdings Llc decreased its stake in Pattern Energy Group Inc. (PEGI) by 54.74% based on its latest 2017Q3 regulatory filing with the SEC. Riverstone Holdings Llc sold 9.29 million shares as the company’s stock rose 6.85% with the market. The hedge fund held 7.68M shares of the central company at the end of 2017Q3, valued at $185.02M, down from 16.96M at the end of the previous reported quarter. Riverstone Holdings Llc who had been investing in Pattern Energy Group Inc. for a number of months, seems to be less bullish one the $2.10 billion market cap company. The stock increased 0.99% or $0.21 during the last trading session, reaching $21.38. About 721,354 shares traded. Pattern Energy Group Inc. (NASDAQ:PEGI) has risen 6.74% since January 20, 2017 and is uptrending. It has underperformed by 9.96% the S&P500.

Parsons Capital Management Inc increased its stake in Texas Instrs Inc (TXN) by 94.35% based on its latest 2017Q3 regulatory filing with the SEC. Parsons Capital Management Inc bought 6,991 shares as the company’s stock rose 5.05% with the market. The institutional investor held 14,401 shares of the semiconductors company at the end of 2017Q3, valued at $1.29 million, up from 7,410 at the end of the previous reported quarter. Parsons Capital Management Inc who had been investing in Texas Instrs Inc for a number of months, seems to be bullish on the $115.14B market cap company. The stock increased 0.36% or $0.42 during the last trading session, reaching $116.83. About 6.37 million shares traded or 33.65% up from the average. Texas Instruments Incorporated (NASDAQ:TXN) has risen 40.31% since January 20, 2017 and is uptrending. It has outperformed by 23.61% the S&P500.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.50, from 1.54 in 2017Q2. It worsened, as 16 investors sold PEGI shares while 57 reduced holdings. 22 funds opened positions while 54 raised stakes. 71.15 million shares or 27.15% less from 97.67 million shares in 2017Q2 were reported. Moody Bankshares Trust Division has 19,080 shares. Blackrock stated it has 5.28M shares. Van Hulzen Asset Limited Liability Company reported 0.36% of its portfolio in Pattern Energy Group Inc. (NASDAQ:PEGI). Nuveen Asset Mgmt Ltd Liability Corp holds 0.02% of its portfolio in Pattern Energy Group Inc. (NASDAQ:PEGI) for 130,695 shares. 29,090 are owned by Smith Asset Group Ltd Partnership. Verition Fund Management Ltd reported 12,235 shares. Susquehanna International Gru Ltd Liability Partnership owns 54,186 shares or 0% of their US portfolio. Advisory Service Ltd Com has invested 0% in Pattern Energy Group Inc. (NASDAQ:PEGI). 900 were accumulated by Pacad. Principal Fincl Group accumulated 64,597 shares. Moreover, Guardian Ltd Partnership has 0.01% invested in Pattern Energy Group Inc. (NASDAQ:PEGI) for 18,000 shares. Advisors Asset Inc reported 0.49% of its portfolio in Pattern Energy Group Inc. (NASDAQ:PEGI). 22,000 were accumulated by Fort Washington Inv Advsr Oh. Bnp Paribas Arbitrage Sa reported 17,944 shares. Rhumbline Advisers has invested 0% in Pattern Energy Group Inc. (NASDAQ:PEGI).

Since August 1, 2017, it had 0 buys, and 7 sales for $253,826 activity. Shares for $12,590 were sold by Shugart Christopher M.. Elkort Daniel M. sold $98,716 worth of stock.

Analysts await Pattern Energy Group Inc. (NASDAQ:PEGI) to report earnings on March, 7. They expect $0.08 earnings per share, up 60.00% or $0.03 from last year’s $0.05 per share. PEGI’s profit will be $7.84M for 66.81 P/E if the $0.08 EPS becomes a reality. After $-0.26 actual earnings per share reported by Pattern Energy Group Inc. for the previous quarter, Wall Street now forecasts -130.77% EPS growth.

Among 15 analysts covering Pattern Energy (NASDAQ:PEGI), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Pattern Energy had 35 analyst reports since July 24, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of PEGI in report on Tuesday, August 11 with “Outperform” rating. The stock has “Outperform” rating by Avondale on Friday, July 24. On Friday, December 16 the stock rating was downgraded by JP Morgan to “Neutral”. On Friday, June 9 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Pattern Energy Group Inc. (NASDAQ:PEGI) earned “Sector Perform” rating by National Bank Canada on Monday, October 26. Desjardins Securities maintained it with “Buy” rating and $2600 target in Monday, June 19 report. The firm has “Buy” rating by Goldman Sachs given on Wednesday, December 6. BMO Capital Markets maintained it with “Buy” rating and $2800 target in Monday, July 31 report. National Bank Canada upgraded Pattern Energy Group Inc. (NASDAQ:PEGI) on Wednesday, November 18 to “Outperform” rating. JP Morgan initiated the stock with “Overweight” rating in Friday, September 11 report.

Riverstone Holdings Llc, which manages about $23.60 billion and $2.85 billion US Long portfolio, upped its stake in Usa Compression Partners Lp (NYSE:USAC) by 444,558 shares to 24.33M shares, valued at $406.76 million in 2017Q3, according to the filing.

Parsons Capital Management Inc, which manages about $157.98M and $847.93M US Long portfolio, decreased its stake in 3M Co (NYSE:MMM) by 10,533 shares to 319,504 shares, valued at $67.06 million in 2017Q3, according to the filing. It also reduced its holding in Nike Inc (NYSE:NKE) by 7,104 shares in the quarter, leaving it with 69,835 shares, and cut its stake in Vanguard Index Fds (VOO).

Investors sentiment increased to 1.12 in 2017 Q3. Its up 0.02, from 1.1 in 2017Q2. It is positive, as 55 investors sold TXN shares while 333 reduced holdings. 104 funds opened positions while 332 raised stakes. 802.74 million shares or 3.16% more from 778.17 million shares in 2017Q2 were reported. Pineno Levin And Ford Asset Incorporated holds 3,500 shares. Shufro Rose & Ltd Llc invested in 204,743 shares. 470,600 are owned by Factory Mutual Insurance. Mondrian Invest Prns holds 712 shares or 0% of its portfolio. Genesee Valley Trust Commerce holds 0.31% in Texas Instruments Incorporated (NASDAQ:TXN) or 8,577 shares. Pensionfund Dsm Netherlands holds 0.8% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN) for 59,500 shares. Duff Phelps Inv Mngmt has invested 0.01% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN). Greenleaf invested 0.01% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN). Lenox Wealth Advsrs reported 0% stake. Ipswich Inv Mgmt reported 28,734 shares. Archford Capital Strategies Ltd Liability Corp reported 31,216 shares. Cubist Systematic Strategies Limited Liability Corp reported 0.16% stake. Security National has invested 0.1% in Texas Instruments Incorporated (NASDAQ:TXN). Gulf Intl Bankshares (Uk) Limited holds 0.38% or 313,699 shares in its portfolio. Norinchukin National Bank The, Japan-based fund reported 219,350 shares.

Among 37 analysts covering Texas Instruments (NASDAQ:TXN), 17 have Buy rating, 2 Sell and 18 Hold. Therefore 46% are positive. Texas Instruments had 95 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Texas Instruments Incorporated (NASDAQ:TXN) earned “Buy” rating by Ascendiant Capital Markets on Thursday, July 23. BMO Capital Markets maintained Texas Instruments Incorporated (NASDAQ:TXN) on Tuesday, July 18 with “Buy” rating. The firm has “Neutral” rating by BNP Paribas given on Thursday, August 4. The firm earned “Neutral” rating on Thursday, October 22 by B. Riley & Co. The stock has “Buy” rating by Rosenblatt on Wednesday, July 26. As per Friday, September 1, the company rating was maintained by Stifel Nicolaus. The firm earned “Buy” rating on Wednesday, January 3 by RBC Capital Markets. Cowen & Co maintained Texas Instruments Incorporated (NASDAQ:TXN) rating on Thursday, January 28. Cowen & Co has “Market Perform” rating and $56 target. The rating was maintained by RBC Capital Markets on Friday, September 29 with “Buy”. The firm has “Hold” rating by Deutsche Bank given on Wednesday, October 25.

Since July 31, 2017, it had 0 insider purchases, and 13 insider sales for $125.79 million activity. CRUTCHER BRIAN T sold $25.40M worth of stock or 264,005 shares. 97,093 shares were sold by Ilan Haviv, worth $9.40 million on Thursday, October 26. Shares for $2.14M were sold by BABB RALPH W JR. Whitaker Darla H had sold 118,799 shares worth $11.43 million on Thursday, October 26. 450,000 shares valued at $43.43M were sold by TEMPLETON RICHARD K on Thursday, October 26. BLINN MARK A sold $1.64 million worth of stock.

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>