As Consolidated Edison (ED) Market Value Rose, Shareholder Hamel Associates Has Cut Its Stake; Tetrem Capital Management LTD Raised United Parcel Service (UPS) Stake

November 15, 2017 - By wolcottdaily

Hamel Associates Inc decreased its stake in Consolidated Edison Inc (ED) by 12.63% based on its latest 2017Q2 regulatory filing with the SEC. Hamel Associates Inc sold 6,287 shares as the company’s stock rose 9.35% with the market. The institutional investor held 43,481 shares of the power generation company at the end of 2017Q2, valued at $3.51 million, down from 49,768 at the end of the previous reported quarter. Hamel Associates Inc who had been investing in Consolidated Edison Inc for a number of months, seems to be less bullish one the $27.68B market cap company. The stock rose 0.35% or $0.31 reaching $89.28. About 7,712 shares traded. Consolidated Edison, Inc. (NYSE:ED) has risen 11.89% since November 15, 2016 and is uptrending. It has underperformed by 4.81% the S&P500.

Daniel Bubis increased its stake in United Parcel Service Inc (UPS) by 1.32% based on its latest 2017Q2 regulatory filing with the SEC. Tetrem Capital Management Ltd bought 6,127 shares as the company’s stock declined 3.26% while stock markets rallied. The hedge fund run by Daniel Bubis held 471,196 shares of the transportation company at the end of 2017Q2, valued at $52.11M, up from 465,069 at the end of the previous reported quarter. Tetrem Capital Management Ltd who had been investing in United Parcel Service Inc for a number of months, seems to be bullish on the $97.91B market cap company. The stock declined 0.39% or $0.45 reaching $113.62 on the news. About 18,057 shares traded. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since November 15, 2016 and is uptrending. It has underperformed by 14.60% the S&P500.




More notable recent United Parcel Service, Inc. (NYSE:UPS) news were published by: Investorplace.com which released: “Anemic Industry Group Rank Hampers United Parcel Service (UPS) Rating” on November 01, 2017, also Nasdaq.com with their article: “United Parcel Service, Inc. (UPS) Ex-Dividend Date Scheduled for November 10, 2017” published on November 09, 2017, Investorplace.com published: “Anemic Earnings Growth Downgrade United Parcel Service (UPS) to Sell” on November 15, 2017. More interesting news about United Parcel Service, Inc. (NYSE:UPS) were released by: Nasdaq.com and their article: “Sabal Trust CO Buys United Parcel Service Inc, Bristol-Myers Squibb Company …” published on October 18, 2017 as well as Investorplace.com‘s news article titled: “Trade of the Day: Caution Is Warranted in United Parcel Service, Inc.” with publication date: November 01, 2017.

Among 20 analysts covering United Parcel Service (NYSE:UPS), 7 have Buy rating, 1 Sell and 12 Hold. Therefore 35% are positive. United Parcel Service had 50 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was downgraded by Zacks to “Buy” on Friday, August 14. The stock has “Market Perform” rating by BMO Capital Markets on Wednesday, February 1. As per Thursday, October 5, the company rating was maintained by Robert W. Baird. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Hold” rating given on Thursday, August 24 by Robert W. Baird. BMO Capital Markets maintained United Parcel Service, Inc. (NYSE:UPS) on Tuesday, September 5 with “Hold” rating. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, September 20. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Hold” rating given on Tuesday, August 25 by Zacks. JP Morgan initiated United Parcel Service, Inc. (NYSE:UPS) rating on Tuesday, December 13. JP Morgan has “Neutral” rating and $118 target. Stifel Nicolaus maintained the shares of UPS in report on Friday, October 27 with “Hold” rating. As per Tuesday, February 23, the company rating was reinitiated by Morgan Stanley.

Tetrem Capital Management Ltd, which manages about $5.12 billion and $2.29 billion US Long portfolio, decreased its stake in Union Pac Corp (NYSE:UNP) by 8,849 shares to 525,939 shares, valued at $57.28 million in 2017Q2, according to the filing. It also reduced its holding in Suncor Energy Inc New (NYSE:SU) by 55,289 shares in the quarter, leaving it with 2.23 million shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

Investors sentiment increased to 1.05 in 2017 Q2. Its up 0.07, from 0.98 in 2017Q1. It improved, as 61 investors sold UPS shares while 410 reduced holdings. 91 funds opened positions while 402 raised stakes. 447.95 million shares or 1.37% less from 454.16 million shares in 2017Q1 were reported. Pecaut & reported 1.62% stake. Comml Bank Va has 3.8% invested in United Parcel Service, Inc. (NYSE:UPS) for 35,357 shares. Stearns Financial Services Group Inc Inc owns 12,439 shares. Peapack Gladstone stated it has 0% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Blackrock accumulated 44.31 million shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 142,667 shares. Founders Mgmt Lc has invested 0.87% in United Parcel Service, Inc. (NYSE:UPS). Pacific Invest Mgmt Com holds 15,546 shares or 0.4% of its portfolio. Sunbelt Securities Inc accumulated 0.65% or 3,109 shares. Capstone Inv Advisors Ltd Liability Company has 0.02% invested in United Parcel Service, Inc. (NYSE:UPS). San Francisco Sentry Investment (Ca) accumulated 4,025 shares or 0.16% of the stock. Cornerstone Advsr reported 1,066 shares or 0.07% of all its holdings. Wetherby Asset Mngmt Inc owns 13,140 shares. Mycio Wealth Prns Lc owns 8,745 shares. Balyasny Asset Mngmt Ltd Com reported 81,500 shares.

Since June 5, 2017, it had 0 insider buys, and 1 sale for $214,980 activity.

Since May 17, 2017, it had 8 buys, and 0 selling transactions for $15,840 activity. Another trade for 7 shares valued at $560 was bought by OATES JOSEPH P. The insider Sanchez Robert bought 25 shares worth $2,000. Shares for $71,766 were bought by SANFORD LINDA S. 28 shares valued at $2,240 were bought by Moore Elizabeth D on Wednesday, May 31. McAvoy John had bought 29 shares worth $2,320 on Wednesday, May 31. Cawley Timothy also bought $2,320 worth of Consolidated Edison, Inc. (NYSE:ED) on Wednesday, May 31.

Hamel Associates Inc, which manages about $314.24 million and $198.82 million US Long portfolio, upped its stake in Ishares Tr (EFAV) by 92,286 shares to 224,741 shares, valued at $15.56 million in 2017Q2, according to the filing.

Investors sentiment increased to 1.12 in Q2 2017. Its up 0.21, from 0.91 in 2017Q1. It improved, as 30 investors sold ED shares while 223 reduced holdings. 79 funds opened positions while 205 raised stakes. 167.81 million shares or 0.35% less from 168.40 million shares in 2017Q1 were reported. Cibc Ww Mkts holds 5,936 shares. Credit Agricole S A has 102,708 shares for 0.03% of their portfolio. Nomura Hldg reported 0.01% stake. Private Tru Na has invested 0.11% in Consolidated Edison, Inc. (NYSE:ED). Rampart Invest Management Ltd Liability Com invested in 3,966 shares. Cornerstone Capital invested in 56,180 shares or 0.86% of the stock. 151,375 were accumulated by Los Angeles Management & Equity Research. Telos Mngmt Inc has invested 0.1% in Consolidated Edison, Inc. (NYSE:ED). Bp Public Limited Company invested 0.2% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). Architects owns 3,378 shares or 0.05% of their US portfolio. Loring Wolcott Coolidge Fiduciary Advsr Ltd Liability Partnership Ma holds 3,209 shares or 0.01% of its portfolio. Regentatlantic Capital Ltd Company reported 206,510 shares. North Star Invest Mngmt Corporation accumulated 2,302 shares or 0.02% of the stock. Cypress Capital Ltd Liability Corporation (Wy) invested 0% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). Bokf Na holds 0.05% or 21,521 shares.

More notable recent Consolidated Edison, Inc. (NYSE:ED) news were published by: Usnews.com which released: “Con Edison to Improve Hiring, Pay $800000 to Settle US Lawsuit” on November 08, 2017, also Globenewswire.com with their article: “Con Edison Reports 2017 Third Quarter Earnings” published on November 02, 2017, Globenewswire.com published: “Con Edison, O&R Crews, Equipment to Aid Puerto Rico Power Restoration” on November 02, 2017. More interesting news about Consolidated Edison, Inc. (NYSE:ED) were released by: Nasdaq.com and their article: “Consolidated Edison Inc. Reports 2% Decline In Q3 Profit” published on November 02, 2017 as well as Globenewswire.com‘s news article titled: “Con Edison Chairman & CEO John McAvoy to Present at 2017 EEI Financial …” with publication date: October 31, 2017.

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