Schaper Benz & Wise Investment Counsel Has Lifted Its Enbridge (ENB) Position; Wesbanco (WSBC) Sentiment Is 1.5

May 25, 2018 - By Richard Conner

WesBanco, Inc. (NASDAQ:WSBC) Logo

Wesbanco Inc (WSBC) investors sentiment increased to 1.5 in 2017 Q4. It’s up 0.22, from 1.28 in 2017Q3. The ratio improved, as 63 funds opened new and increased stock positions, while 42 sold and reduced holdings in Wesbanco Inc. The funds in our database now possess: 25.72 million shares, up from 25.44 million shares in 2017Q3. Also, the number of funds holding Wesbanco Inc in top ten stock positions was flat from 1 to 1 for the same number . Sold All: 10 Reduced: 32 Increased: 47 New Position: 16.

Schaper Benz & Wise Investment Counsel Inc increased Enbridge (ENB) stake by 12.43% reported in 2017Q4 SEC filing. Schaper Benz & Wise Investment Counsel Inc acquired 10,785 shares as Enbridge (ENB)’s stock declined 21.20%. The Schaper Benz & Wise Investment Counsel Inc holds 97,530 shares with $3.81 million value, up from 86,745 last quarter. Enbridge now has $53.67B valuation. The stock decreased 0.60% or $0.19 during the last trading session, reaching $31.58. About 3.33 million shares traded. Enbridge Inc. (NYSE:ENB) has declined 26.13% since May 25, 2017 and is downtrending. It has underperformed by 37.68% the S&P500.

Schaper Benz & Wise Investment Counsel Inc decreased Adobe Systems (NASDAQ:ADBE) stake by 2,581 shares to 107,101 valued at $18.77M in 2017Q4. It also reduced Marsh & Mclennan (NYSE:MMC) stake by 6,050 shares and now owns 29,600 shares. Sysco (NYSE:SYY) was reduced too.

More notable recent Enbridge Inc. (NYSE:ENB) news were published by: Seekingalpha.com which released: “Downside Protection For Enbridge” on May 23, 2018, also Seekingalpha.com with their article: “Enbridge’s Restructuring: Who Wins? Who Loses?” published on May 18, 2018, Seekingalpha.com published: “Enbridge Q1 2018 Earnings Results Analysis” on May 16, 2018. More interesting news about Enbridge Inc. (NYSE:ENB) were released by: 247Wallst.com and their article: “What’s Behind Enbridge Offer for Spectra Energy Partners” published on May 18, 2018 as well as Seekingalpha.com‘s news article titled: “Spectra Energy Partners -3% after Enbridge’s disappointing offer” with publication date: May 18, 2018.

Among 17 analysts covering Enbridge Inc. (NYSE:ENB), 7 have Buy rating, 0 Sell and 10 Hold. Therefore 41% are positive. Enbridge Inc. had 26 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Outperform” rating by BMO Capital Markets given on Friday, October 23. RBC Capital Markets maintained it with “Outperform” rating and $71 target in Friday, October 9 report. Citigroup reinitiated Enbridge Inc. (NYSE:ENB) on Wednesday, January 18 with “Neutral” rating. Credit Suisse maintained Enbridge Inc. (NYSE:ENB) on Tuesday, March 14 with “Outperform” rating. Credit Suisse maintained the stock with “Neutral” rating in Tuesday, March 8 report. The rating was downgraded by Goldman Sachs to “Neutral” on Wednesday, July 20. The stock of Enbridge Inc. (NYSE:ENB) has “Equal-Weight” rating given on Friday, March 23 by Morgan Stanley. The rating was reinitiated by BMO Capital Markets on Wednesday, March 2 with “Outperform”. As per Monday, April 3, the company rating was maintained by Wells Fargo. The stock has “Market Perform” rating by Wolfe Research on Monday, May 15.

The stock decreased 0.26% or $0.12 during the last trading session, reaching $46.89. About 108,399 shares traded. WesBanco, Inc. (WSBC) has risen 17.05% since May 25, 2017 and is uptrending. It has outperformed by 5.50% the S&P500.

WesBanco, Inc. operates as the holding firm for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. The company has market cap of $2.18 billion. It operates in two divisions, Community Banking, and Trust and Investment Services. It has a 21.91 P/E ratio. The firm offers commercial demand, individual demand, and time deposit accounts; money market accounts; interest bearing and non-interest bearing demand deposits, as well as savings deposits; and certificates of deposit.

More news for WesBanco, Inc. (NASDAQ:WSBC) were recently published by: Nasdaq.com, which released: “Market Trends Toward New Normal in LRAD, Xencor, QuinStreet, Old Second, WesBanco, and Invitae — Emerging …” on May 04, 2018. Prnewswire.com‘s article titled: “WesBanco Declares Quarterly Cash Dividend to Its Shareholders” and published on May 16, 2018 is yet another important article.

Analysts await WesBanco, Inc. (NASDAQ:WSBC) to report earnings on July, 18. They expect $0.73 earnings per share, up 21.67% or $0.13 from last year’s $0.6 per share. WSBC’s profit will be $34.00M for 16.06 P/E if the $0.73 EPS becomes a reality. After $0.76 actual earnings per share reported by WesBanco, Inc. for the previous quarter, Wall Street now forecasts -3.95% negative EPS growth.

Wesbanco Bank Inc holds 4.52% of its portfolio in WesBanco, Inc. for 1.64 million shares. Schulhoff & Co Inc owns 83,985 shares or 1.92% of their US portfolio. Moreover, Amg Funds Llc has 0.75% invested in the company for 34,074 shares. The Georgia-based Earnest Partners Llc has invested 0.67% in the stock. Dalton Greiner Hartman Maher & Co, a New York-based fund reported 289,167 shares.

WesBanco, Inc. (NASDAQ:WSBC) Institutional Positions Chart

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