Enbridge (ENB) Share Price Declined While Guardian Capital Advisors LP Raised by $517,685 Its Stake; Clarivest Asset Management Increases Stake in First Merchants (FRME)

January 14, 2018 - By Migdalia James

Clarivest Asset Management Llc increased its stake in First Merchants Corp (FRME) by 4.38% based on its latest 2017Q3 regulatory filing with the SEC. Clarivest Asset Management Llc bought 12,567 shares as the company’s stock declined 3.41% while stock markets rallied. The institutional investor held 299,393 shares of the major banks company at the end of 2017Q3, valued at $12.85 million, up from 286,826 at the end of the previous reported quarter. Clarivest Asset Management Llc who had been investing in First Merchants Corp for a number of months, seems to be bullish on the $2.17B market cap company. The stock increased 0.71% or $0.31 during the last trading session, reaching $44.2. About 267,235 shares traded or 25.96% up from the average. First Merchants Corporation (NASDAQ:FRME) has risen 59.72% since January 14, 2017 and is uptrending. It has outperformed by 43.02% the S&P500.

Guardian Capital Advisors Lp increased its stake in Enbridge Inc (ENB) by 4.87% based on its latest 2017Q3 regulatory filing with the SEC. Guardian Capital Advisors Lp bought 10,565 shares as the company’s stock declined 5.78% while stock markets rallied. The institutional investor held 227,502 shares of the natural gas distribution company at the end of 2017Q3, valued at $11.28 million, up from 216,937 at the end of the previous reported quarter. Guardian Capital Advisors Lp who had been investing in Enbridge Inc for a number of months, seems to be bullish on the $66.56B market cap company. The stock increased 0.63% or $0.25 during the last trading session, reaching $39.74. About 2.46 million shares traded. Enbridge Inc. (NYSE:ENB) has declined 0.40% since January 14, 2017 and is downtrending. It has underperformed by 17.10% the S&P500.




Guardian Capital Advisors Lp, which manages about $1.66 billion and $727.37 million US Long portfolio, decreased its stake in Waste Connections Inc by 3,893 shares to 36,269 shares, valued at $3.23 million in 2017Q3, according to the filing. It also reduced its holding in Mcdonalds Corp (NYSE:MCD) by 2,765 shares in the quarter, leaving it with 53,462 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

Among 15 analysts covering Enbridge Inc. (NYSE:ENB), 6 have Buy rating, 0 Sell and 9 Hold. Therefore 40% are positive. Enbridge Inc. had 22 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Enbridge Inc. (NYSE:ENB) has “Outperform” rating given on Tuesday, March 14 by Credit Suisse. BMO Capital Markets initiated the stock with “Outperform” rating in Friday, October 23 report. As per Monday, May 15, the company rating was maintained by Wolfe Research. Goldman Sachs downgraded Enbridge Inc. (NYSE:ENB) on Wednesday, July 20 to “Neutral” rating. Morgan Stanley maintained Enbridge Inc. (NYSE:ENB) rating on Friday, July 14. Morgan Stanley has “Equal-Weight” rating and $44 target. The stock of Enbridge Inc. (NYSE:ENB) has “Sector Perform” rating given on Monday, July 18 by National Bank Canada. The stock of Enbridge Inc. (NYSE:ENB) earned “Hold” rating by J.P. Morgan on Friday, June 23. The firm has “Neutral” rating by Citigroup given on Wednesday, January 18. The stock of Enbridge Inc. (NYSE:ENB) has “Overweight” rating given on Tuesday, December 15 by JP Morgan. The rating was reinitiated by JP Morgan on Friday, June 23 with “Neutral”.

Among 5 analysts covering First Merchants (NASDAQ:FRME), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. First Merchants had 12 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of First Merchants Corporation (NASDAQ:FRME) earned “Overweight” rating by Stephens on Friday, January 29. The stock of First Merchants Corporation (NASDAQ:FRME) has “Sell” rating given on Tuesday, August 18 by Zacks. Keefe Bruyette & Woods maintained it with “Buy” rating and $4600 target in Thursday, June 1 report. On Friday, October 6 the stock rating was initiated by Piper Jaffray with “Hold”. The firm has “Buy” rating given on Wednesday, September 28 by DA Davidson. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, October 3. Keefe Bruyette & Woods maintained the shares of FRME in report on Tuesday, December 12 with “Buy” rating. The stock of First Merchants Corporation (NASDAQ:FRME) has “Buy” rating given on Thursday, July 21 by DA Davidson. The stock of First Merchants Corporation (NASDAQ:FRME) earned “Neutral” rating by SunTrust on Wednesday, December 16. Stephens initiated First Merchants Corporation (NASDAQ:FRME) on Friday, October 2 with “Equal-Weight” rating.

Since August 8, 2017, it had 1 buying transaction, and 1 insider sale for $62,103 activity. WALKER TERRY L had bought 3,176 shares worth $135,577 on Friday, December 15.

Investors sentiment decreased to 1.35 in 2017 Q3. Its down 0.05, from 1.4 in 2017Q2. It dropped, as 14 investors sold FRME shares while 51 reduced holdings. 34 funds opened positions while 54 raised stakes. 33.67 million shares or 3.16% more from 32.64 million shares in 2017Q2 were reported. State Board Of Administration Of Florida Retirement Systems has 60,618 shares. First National Bank & Trust has 72,574 shares. Credit Suisse Ag accumulated 75,266 shares. National Bank & Trust Of America Corp De reported 307,172 shares or 0% of all its holdings. Raymond James Service Advsr Incorporated holds 0% or 9,843 shares in its portfolio. 14,268 were accumulated by Us Comml Bank De. Vaughan Nelson Invest Mgmt Ltd Partnership has invested 0.96% in First Merchants Corporation (NASDAQ:FRME). Wedge Cap Mgmt L Lp Nc reported 317,689 shares. Cardinal Cap Mngmt Ltd Liability Ct owns 0.12% invested in First Merchants Corporation (NASDAQ:FRME) for 66,700 shares. Citigroup reported 0% stake. Jacobs Levy Equity Mngmt Incorporated has invested 0.02% of its portfolio in First Merchants Corporation (NASDAQ:FRME). New York State Common Retirement Fund reported 87,924 shares. Gsa Prtn Limited Liability Partnership has 9,768 shares. Spectrum Mngmt Grp has 2 shares. Stifel Corporation, a Missouri-based fund reported 46,784 shares.

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