Daiwa Securities Group Trimmed Csx (CSX) Holding by $964,440 as Share Value Rose; Centerpoint Energy (CNP) Stock Price Rose While Voloridge Investment Management Has Upped Stake by $7.86 Million

January 14, 2018 - By Dolores Ford

Voloridge Investment Management Llc increased its stake in Centerpoint Energy Inc (CNP) by 1254.38% based on its latest 2017Q3 regulatory filing with the SEC. Voloridge Investment Management Llc bought 270,945 shares as the company’s stock rose 3.66% with the market. The institutional investor held 292,545 shares of the public utilities company at the end of 2017Q3, valued at $8.55 million, up from 21,600 at the end of the previous reported quarter. Voloridge Investment Management Llc who had been investing in Centerpoint Energy Inc for a number of months, seems to be bullish on the $11.80 billion market cap company. The stock decreased 0.22% or $0.06 during the last trading session, reaching $27.37. About 3.96M shares traded or 42.22% up from the average. CenterPoint Energy, Inc. (NYSE:CNP) has risen 25.54% since January 14, 2017 and is uptrending. It has outperformed by 8.84% the S&P500.

Daiwa Securities Group Inc decreased its stake in Csx (CSX) by 5.36% based on its latest 2017Q3 regulatory filing with the SEC. Daiwa Securities Group Inc sold 17,860 shares as the company’s stock rose 3.79% with the market. The institutional investor held 315,640 shares of the railroads company at the end of 2017Q3, valued at $17.13 million, down from 333,500 at the end of the previous reported quarter. Daiwa Securities Group Inc who had been investing in Csx for a number of months, seems to be less bullish one the $52.95B market cap company. The stock increased 0.95% or $0.56 during the last trading session, reaching $59.25. About 4.74M shares traded. CSX Corporation (NYSE:CSX) has risen 97.18% since January 14, 2017 and is uptrending. It has outperformed by 80.48% the S&P500.

Voloridge Investment Management Llc, which manages about $1.43 billion and $4.48 billion US Long portfolio, decreased its stake in Verizon Communications Inc (NYSE:VZ) by 2.59 million shares to 34,345 shares, valued at $1.70 million in 2017Q3, according to the filing. It also reduced its holding in Wellcare Health Plans Inc (NYSE:WCG) by 26,035 shares in the quarter, leaving it with 59,684 shares, and cut its stake in Teradyne Inc (NYSE:TER).

Investors sentiment increased to 1.12 in 2017 Q3. Its up 0.04, from 1.08 in 2017Q2. It is positive, as 37 investors sold CNP shares while 151 reduced holdings. 53 funds opened positions while 157 raised stakes. 323.95 million shares or 0.19% less from 324.57 million shares in 2017Q2 were reported. Twin Capital Mgmt invested in 0.2% or 128,060 shares. Raymond James & Associates has invested 0.01% in CenterPoint Energy, Inc. (NYSE:CNP). Riverhead Mngmt Ltd Llc has invested 0.03% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP). Bp Public Ltd Company reported 54,000 shares. Adell Harriman & Carpenter accumulated 39,059 shares. Aviva Public Ltd Company has 271,090 shares. 1.59M are owned by Pictet Asset Mgmt Limited. Chicago Equity Ptnrs Limited Company holds 0.63% or 684,830 shares. Dekabank Deutsche Girozentrale holds 0.03% or 119,073 shares in its portfolio. Johnson Incorporated reported 5,108 shares. Ontario Teachers Pension Plan Board invested in 348,216 shares. Pinebridge Invs LP reported 5,712 shares stake. Convergence Limited Liability Company invested in 0.6% or 145,633 shares. Crow Point Prtnrs Limited Co accumulated 300,000 shares. Balyasny Asset Mgmt Limited stated it has 0.01% in CenterPoint Energy, Inc. (NYSE:CNP).

Among 14 analysts covering CenterPoint (NYSE:CNP), 1 have Buy rating, 0 Sell and 13 Hold. Therefore 7% are positive. CenterPoint had 30 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, June 29 by J.P. Morgan. The stock of CenterPoint Energy, Inc. (NYSE:CNP) earned “Neutral” rating by Citigroup on Monday, November 20. The rating was maintained by RBC Capital Markets on Sunday, September 10 with “Hold”. The stock of CenterPoint Energy, Inc. (NYSE:CNP) earned “Hold” rating by Deutsche Bank on Friday, November 6. The stock of CenterPoint Energy, Inc. (NYSE:CNP) earned “Neutral” rating by SunTrust on Monday, September 26. SunTrust maintained the shares of CNP in report on Tuesday, December 26 with “Hold” rating. Credit Suisse upgraded the shares of CNP in report on Tuesday, October 13 to “Neutral” rating. As per Tuesday, January 12, the company rating was maintained by Argus Research. The rating was initiated by Bank of America with “Hold” on Tuesday, October 24. The stock has “Neutral” rating by Credit Suisse on Monday, August 14.

Since September 1, 2017, it had 0 insider buys, and 3 sales for $86,800 activity.

Analysts await CSX Corporation (NASDAQ:CSX) to report earnings on January, 16 after the close. They expect $0.56 earnings per share, up 14.29% or $0.07 from last year’s $0.49 per share. CSX’s profit will be $500.48 million for 26.45 P/E if the $0.56 EPS becomes a reality. After $0.51 actual earnings per share reported by CSX Corporation for the previous quarter, Wall Street now forecasts 9.80% EPS growth.

Daiwa Securities Group Inc, which manages about $14.60 billion US Long portfolio, upped its stake in Vale S (NYSE:VALE) by 814,348 shares to 1.12M shares, valued at $11.23M in 2017Q3, according to the filing. It also increased its holding in Tripadvisor (NASDAQ:TRIP) by 30,956 shares in the quarter, for a total of 46,906 shares, and has risen its stake in Symantec (NASDAQ:SYMC).

Among 31 analysts covering CSX Corporation (NYSE:CSX), 20 have Buy rating, 3 Sell and 8 Hold. Therefore 65% are positive. CSX Corporation had 96 analyst reports since August 13, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Buy” rating in Monday, April 24 report. Deutsche Bank maintained it with “Hold” rating and $29 target in Friday, July 15 report. The company was maintained on Friday, October 2 by Citigroup. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, January 9. As per Monday, April 24, the company rating was maintained by Raymond James. The firm has “Hold” rating by Loop Capital given on Thursday, August 4. The firm has “Buy” rating by RBC Capital Markets given on Thursday, October 12. Aegis Capital upgraded CSX Corporation (NASDAQ:CSX) on Monday, April 24 to “Buy” rating. The stock has “Sector Outperform” rating by Scotia Capital on Thursday, January 19. Citigroup maintained the stock with “Buy” rating in Thursday, July 14 report.

Investors sentiment decreased to 0.66 in 2017 Q3. Its down 0.17, from 0.83 in 2017Q2. It worsened, as 56 investors sold CSX shares while 351 reduced holdings. 65 funds opened positions while 204 raised stakes. 612.12 million shares or 2.65% less from 628.79 million shares in 2017Q2 were reported. Wealthfront has 25,737 shares. Innovations Lc holds 1.44% or 10,990 shares in its portfolio. Yhb Investment Advisors Inc reported 0.04% of its portfolio in CSX Corporation (NASDAQ:CSX). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt Corporation accumulated 14,900 shares. Prudential Finance, a New Jersey-based fund reported 1.31M shares. Shine Invest Advisory Svcs invested in 0.07% or 2,470 shares. Spirit Of America Mgmt Corp has invested 0.11% in CSX Corporation (NASDAQ:CSX). Aviva Plc reported 0.16% of its portfolio in CSX Corporation (NASDAQ:CSX). Natixis Asset has invested 0.05% in CSX Corporation (NASDAQ:CSX). Raymond James And Assoc stated it has 0.04% in CSX Corporation (NASDAQ:CSX). Penobscot Inv Mgmt Co reported 0.84% in CSX Corporation (NASDAQ:CSX). Regentatlantic Capital Ltd Limited Liability Company holds 0.13% or 28,606 shares in its portfolio. Texas-based Management Incorporated has invested 0.03% in CSX Corporation (NASDAQ:CSX). Westfield Capital Lp owns 0.01% invested in CSX Corporation (NASDAQ:CSX) for 15,000 shares. Moreover, Ls Investment has 0.1% invested in CSX Corporation (NASDAQ:CSX).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>