Shareholder Loeb Partners Boosted Bank New York Mellon (BK) Holding; Greystone Managed Investments Decreased Its Nextera Energy (NEE) Holding as Valuation Rose

October 12, 2017 - By Peter Erickson

Loeb Partners Corporation increased its stake in Bank New York Mellon Corp (BK) by 2.67% based on its latest 2017Q2 regulatory filing with the SEC. Loeb Partners Corporation bought 6,700 shares as the company’s stock declined 1.27% while stock markets rallied. The institutional investor held 258,000 shares of the major banks company at the end of 2017Q2, valued at $13.16M, up from 251,300 at the end of the previous reported quarter. Loeb Partners Corporation who had been investing in Bank New York Mellon Corp for a number of months, seems to be bullish on the $56.97 billion market cap company. The stock declined 0.27% or $0.15 reaching $54.73 on the news. About 547,881 shares traded. Bank of New York Mellon Corp (NYSE:BK) has risen 13.98% since October 12, 2016 and is uptrending. It has underperformed by 2.72% the S&P500.

Greystone Managed Investments Inc decreased its stake in Nextera Energy Inc (NEE) by 10.97% based on its latest 2017Q2 regulatory filing with the SEC. Greystone Managed Investments Inc sold 8,864 shares as the company’s stock rose 8.22% with the market. The institutional investor held 71,937 shares of the public utilities company at the end of 2017Q2, valued at $10.08 million, down from 80,801 at the end of the previous reported quarter. Greystone Managed Investments Inc who had been investing in Nextera Energy Inc for a number of months, seems to be less bullish one the $70.28B market cap company. The stock rose 0.24% or $0.36 reaching $150.23. About 155,843 shares traded. NextEra Energy Inc (NYSE:NEE) has risen 15.94% since October 12, 2016 and is uptrending. It has underperformed by 0.76% the S&P500.




More notable recent NextEra Energy Inc (NYSE:NEE) news were published by: Investorplace.com which released: “Strong Buy Recommendation on Nextera Energy (NEE) Shares Confirmed” on October 04, 2017, also Prnewswire.com with their article: “NextEra Energy Capital Holdings, Inc. announces redemption of all outstanding …” published on September 22, 2017, Prnewswire.com published: “NextEra Energy Capital Holdings, Inc. announces redemption of 5 7/8 percent …” on October 10, 2017. More interesting news about NextEra Energy Inc (NYSE:NEE) were released by: Reuters.com and their article: “BRIEF-Nextera Energy Capital Holdings Announces redemption of 5 7/8 percent …” published on October 10, 2017 as well as Prnewswire.com‘s news article titled: “NextEra Energy Foundation donates $1 million to Florida Disaster Fund for …” with publication date: September 15, 2017.

Investors sentiment increased to 0.97 in 2017 Q2. Its up 0.04, from 0.93 in 2017Q1. It increased, as 50 investors sold NEE shares while 381 reduced holdings. 79 funds opened positions while 339 raised stakes. 371.19 million shares or 6.37% more from 348.96 million shares in 2017Q1 were reported. Ubs Asset Mgmt Americas Inc has invested 0% in NextEra Energy Inc (NYSE:NEE). Prudential Financial reported 0.14% stake. Regent Invest Management Llc has 5,436 shares. Caprock Group, Idaho-based fund reported 2,909 shares. Captrust Financial Advsrs invested in 1,667 shares. Boothbay Fund Limited Liability Co accumulated 0.16% or 5,333 shares. Cortland Advisers Limited Liability Corp stated it has 3.78% in NextEra Energy Inc (NYSE:NEE). Lehman Fincl Res invested 20.82% of its portfolio in NextEra Energy Inc (NYSE:NEE). Gofen And Glossberg Lc Il holds 0.06% or 11,852 shares. Osborne Prns Management Limited Liability Corporation holds 2,500 shares or 0.05% of its portfolio. Fjarde Ap reported 109,692 shares stake. Synovus Finance stated it has 0.05% in NextEra Energy Inc (NYSE:NEE). Park Corporation Oh stated it has 21,359 shares or 0.18% of all its holdings. Sfmg Lc holds 0.08% or 2,679 shares. Buckingham invested 0.47% in NextEra Energy Inc (NYSE:NEE).

Greystone Managed Investments Inc, which manages about $2.16B US Long portfolio, upped its stake in Eog Res Inc (NYSE:EOG) by 7,984 shares to 76,217 shares, valued at $6.90 million in 2017Q2, according to the filing. It also increased its holding in Wells Fargo Co New (NYSE:WFC) by 12,040 shares in the quarter, for a total of 180,743 shares, and has risen its stake in Enbridge Inc (NYSE:ENB).

Among 12 analysts covering Nextera Energy Inc. (NYSE:NEE), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Nextera Energy Inc. had 28 analyst reports since August 5, 2015 according to SRatingsIntel. Robert W. Baird upgraded it to “Outperform” rating and $120 target in Friday, January 29 report. Deutsche Bank upgraded NextEra Energy Inc (NYSE:NEE) on Monday, January 30 to “Buy” rating. Morgan Stanley maintained NextEra Energy Inc (NYSE:NEE) rating on Thursday, August 10. Morgan Stanley has “Overweight” rating and $167 target. The firm earned “Buy” rating on Sunday, September 3 by RBC Capital Markets. The rating was maintained by BMO Capital Markets with “Buy” on Thursday, June 22. The stock has “Overweight” rating by Barclays Capital on Friday, March 18. The stock of NextEra Energy Inc (NYSE:NEE) has “Buy” rating given on Monday, July 31 by RBC Capital Markets. As per Monday, July 24, the company rating was maintained by Goldman Sachs. Argus Research maintained the shares of NEE in report on Thursday, March 17 with “Buy” rating. On Sunday, October 8 the stock rating was maintained by RBC Capital Markets with “Buy”.

Since May 4, 2017, it had 0 insider purchases, and 3 insider sales for $9.04 million activity. Pimentel Armando Jr also sold $756,065 worth of NextEra Energy Inc (NYSE:NEE) shares. $7.14M worth of NextEra Energy Inc (NYSE:NEE) shares were sold by ROBO JAMES L.

Analysts await NextEra Energy Inc (NYSE:NEE) to report earnings on October, 30. They expect $1.76 EPS, up 1.15% or $0.02 from last year’s $1.74 per share. NEE’s profit will be $823.36M for 21.34 P/E if the $1.76 EPS becomes a reality. After $1.86 actual EPS reported by NextEra Energy Inc for the previous quarter, Wall Street now forecasts -5.38% negative EPS growth.

Among 21 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 8 have Buy rating, 1 Sell and 12 Hold. Therefore 38% are positive. The Bank Of New York Mellon Corporation had 59 analyst reports since July 22, 2015 according to SRatingsIntel. Jefferies maintained it with “Hold” rating and $45 target in Wednesday, October 7 report. Barclays Capital maintained it with “Overweight” rating and $48 target in Friday, January 22 report. The stock of Bank of New York Mellon Corp (NYSE:BK) earned “Equal-Weight” rating by Morgan Stanley on Friday, October 21. Deutsche Bank maintained the stock with “Buy” rating in Friday, May 27 report. The rating was downgraded by JP Morgan on Friday, January 6 to “Neutral”. The firm has “Hold” rating given on Monday, July 11 by Jefferies. Deutsche Bank upgraded the stock to “Buy” rating in Wednesday, September 9 report. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, January 3. The stock of Bank of New York Mellon Corp (NYSE:BK) has “Buy” rating given on Friday, September 9 by Deutsche Bank. The firm has “Underperform” rating by Bank of America given on Friday, May 26.

More notable recent Bank of New York Mellon Corp (NYSE:BK) news were published by: Bizjournals.com which released: “BNY Mellon jettisons CenterSquare Investment” on September 20, 2017, also Bloomberg.com with their article: “BNY Mellon CEO Sees Tradition Upended at Ballet’s Fashion Night” published on September 29, 2017, Prnewswire.com published: “BNY Mellon and Hazeltree Launch Treasury and Cash Management Solution” on September 28, 2017. More interesting news about Bank of New York Mellon Corp (NYSE:BK) were released by: Pehub.com and their article: “BNY Mellon to sell CenterSquare” published on September 20, 2017 as well as Prnewswire.com‘s news article titled: “BNY Mellon Completes Successful Migration of Man AHL Book of Business” with publication date: September 25, 2017.

Loeb Partners Corporation, which manages about $405.10M and $348.27 million US Long portfolio, decreased its stake in Schlumberger Ltd (NYSE:SLB) by 10,000 shares to 67,896 shares, valued at $4.47 million in 2017Q2, according to the filing. It also reduced its holding in Suntrust Bks Inc (NYSE:STI) by 6,000 shares in the quarter, leaving it with 4,000 shares, and cut its stake in Spdr Gold Trust (GLD).

Investors sentiment increased to 0.89 in Q2 2017. Its up 0.07, from 0.82 in 2017Q1. It improved, as 50 investors sold BK shares while 311 reduced holdings. 80 funds opened positions while 240 raised stakes. 831.44 million shares or 1.04% less from 840.22 million shares in 2017Q1 were reported. Winfield Assoc Inc holds 0.01% or 505 shares. Schafer Cullen holds 0.02% or 31,060 shares. Jefferies Gru Ltd Company invested 0.01% of its portfolio in Bank of New York Mellon Corp (NYSE:BK). Pinebridge Investments Lp accumulated 552,963 shares or 0.74% of the stock. Barnett & Com stated it has 0.08% of its portfolio in Bank of New York Mellon Corp (NYSE:BK). Oak Ltd Oh invested 1% in Bank of New York Mellon Corp (NYSE:BK). Geode Cap Management Limited Liability Corp holds 10.38M shares or 0.21% of its portfolio. Neuberger Berman Group Ltd Liability Com accumulated 53,299 shares or 0% of the stock. Wellington Shields Capital Mngmt Ltd Co has 0.06% invested in Bank of New York Mellon Corp (NYSE:BK) for 7,130 shares. Greystone Management Ltd owns 220,317 shares for 5.46% of their portfolio. Hancock Holding, Mississippi-based fund reported 309,923 shares. Employees Retirement Of Texas stated it has 0.04% in Bank of New York Mellon Corp (NYSE:BK). Covington Management invested in 0.19% or 46,938 shares. Canada Pension Plan Invest Board invested in 790,272 shares. Carret Asset Management Ltd has 0.35% invested in Bank of New York Mellon Corp (NYSE:BK).

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