Guardian Capital LP Has Lifted Its Enbridge (ENB) Stake by $5.00 Million; Ironsides Asset Advisors Raised Stake in First Bancorp N C (FBNC) by $1.27 Million as Market Value Declined

January 13, 2018 - By Louis Casey

Guardian Capital Lp increased its stake in Enbridge Inc (ENB) by 2% based on its latest 2017Q3 regulatory filing with the SEC. Guardian Capital Lp bought 122,050 shares as the company’s stock declined 5.78% while stock markets rallied. The institutional investor held 6.22 million shares of the natural gas distribution company at the end of 2017Q3, valued at $259.25 million, up from 6.10 million at the end of the previous reported quarter. Guardian Capital 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 13, 2017 and is downtrending. It has underperformed by 17.10% the S&P500.

Ironsides Asset Advisors Llc increased its stake in First Bancorp N C (FBNC) by 100% based on its latest 2017Q3 regulatory filing with the SEC. Ironsides Asset Advisors Llc bought 37,486 shares as the company’s stock declined 9.05% while stock markets rallied. The institutional investor held 74,972 shares of the major banks company at the end of 2017Q3, valued at $2.59M, up from 37,486 at the end of the previous reported quarter. Ironsides Asset Advisors Llc who had been investing in First Bancorp N C for a number of months, seems to be bullish on the $1.10 billion market cap company. The stock increased 0.46% or $0.17 during the last trading session, reaching $36.97. About 75,770 shares traded. First Bancorp (NASDAQ:FBNC) has risen 47.69% since January 13, 2017 and is uptrending. It has outperformed by 30.99% the S&P500.

Among 9 analysts covering First Bancorp (NASDAQ:FBNC), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. First Bancorp had 22 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Buy” rating by Brean Capital on Friday, December 1. The company was upgraded on Tuesday, August 23 by Keefe Bruyette & Woods. The rating was downgraded by Zacks to “Sell” on Wednesday, September 2. The firm earned “Buy” rating on Tuesday, July 25 by Piper Jaffray. The rating was upgraded by Zacks on Monday, August 24 to “Sell”. The rating was maintained by Brean Capital with “Buy” on Tuesday, January 2. Piper Jaffray maintained the shares of FBNC in report on Wednesday, August 2 with “Buy” rating. Brean Capital maintained First Bancorp (NASDAQ:FBNC) on Wednesday, August 2 with “Buy” rating. The stock of First Bancorp (NASDAQ:FBNC) earned “Buy” rating by Piper Jaffray on Thursday, October 26. Piper Jaffray initiated the shares of FBNC in report on Wednesday, November 16 with “Overweight” rating.

Since December 20, 2017, it had 1 buy, and 0 insider sales for $99,180 activity.

Investors sentiment decreased to 1.06 in Q3 2017. Its down 0.67, from 1.73 in 2017Q2. It worsened, as 10 investors sold FBNC shares while 40 reduced holdings. 15 funds opened positions while 38 raised stakes. 16.40 million shares or 3.00% more from 15.92 million shares in 2017Q2 were reported. Amer Grp Incorporated accumulated 16,418 shares. D E Shaw has 0% invested in First Bancorp (NASDAQ:FBNC). Virginia Retirement Et Al invested in 0.01% or 16,600 shares. 74,972 were reported by Ironsides Asset Advisors Ltd Co. Raymond James Fin Services Advsr has 22,247 shares for 0% of their portfolio. Moreover, Lsv Asset has 0.01% invested in First Bancorp (NASDAQ:FBNC). Price T Rowe Assocs Md holds 0% or 570,151 shares. Basswood Mngmt Limited Company reported 0.19% of its portfolio in First Bancorp (NASDAQ:FBNC). Renaissance Technologies Limited Co owns 0.02% invested in First Bancorp (NASDAQ:FBNC) for 442,933 shares. Pinnacle Hldg Limited Liability accumulated 11,430 shares. Salem Invest Counselors has 550 shares. Blackrock holds 0% in First Bancorp (NASDAQ:FBNC) or 1.61 million shares. Goldman Sachs Grp Inc owns 0% invested in First Bancorp (NASDAQ:FBNC) for 9,837 shares. State Bank Of Montreal Can reported 0% stake. Us Commercial Bank De invested 0% of its portfolio in First Bancorp (NASDAQ:FBNC).

Ironsides Asset Advisors Llc, which manages about $457.28M and $243.49M US Long portfolio, decreased its stake in Spdr Series Trust (XPH) by 14,950 shares to 14,550 shares, valued at $619,000 in 2017Q3, according to the filing.

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. RBC Capital Markets maintained Enbridge Inc. (NYSE:ENB) rating on Friday, October 9. RBC Capital Markets has “Outperform” rating and $71 target. The stock has “Neutral” rating by Credit Suisse on Tuesday, March 8. On Wednesday, July 20 the stock rating was downgraded by Goldman Sachs to “Neutral”. The stock of Enbridge Inc. (NYSE:ENB) earned “Market Perform” rating by Wolfe Research on Monday, May 15. The stock of Enbridge Inc. (NYSE:ENB) has “Neutral” rating given on Thursday, February 4 by Credit Suisse. The rating was initiated by J.P. Morgan with “Hold” on Friday, June 23. The rating was initiated by BMO Capital Markets on Friday, October 23 with “Outperform”. The firm earned “Sector Perform” rating on Monday, July 18 by National Bank Canada. The stock of Enbridge Inc. (NYSE:ENB) has “Equal-Weight” rating given on Friday, July 14 by Morgan Stanley. The stock of Enbridge Inc. (NYSE:ENB) earned “Market Perform” rating by Wells Fargo on Monday, April 3.

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