National Fuel Gas Co N J (NFG) Shareholder Anchor Capital Advisors Has Trimmed Its Position by $596,484; Glenview State Bank Trust Cut General Electric Co (GE) Position by $1.17 Million as Share Value Declined

May 17, 2018 - By Adrian Erickson

National Fuel Gas Company (NYSE:NFG) Logo

Glenview State Bank Trust decreased its stake in General Electric Co (GE) by 51.37% based on its latest 2017Q4 regulatory filing with the SEC. Glenview State Bank Trust sold 68,737 shares as the company’s stock declined 23.20% with the market. The institutional investor held 65,079 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.14M, down from 133,816 at the end of the previous reported quarter. Glenview State Bank Trust who had been investing in General Electric Co for a number of months, seems to be less bullish one the $130.54 billion market cap company. The stock increased 2.18% or $0.32 during the last trading session, reaching $15.03. About 54.62M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 17, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Kevin Michael Ulrich decreased its stake in National Fuel Gas Co N J (NFG) by 3.14% based on its latest 2017Q4 regulatory filing with the SEC. Anchor Capital Advisors Llc sold 11,046 shares as the company’s stock declined 7.23% with the market. The hedge fund run by Kevin Michael Ulrich held 340,995 shares of the oil and gas transmission company at the end of 2017Q4, valued at $18.72M, down from 352,041 at the end of the previous reported quarter. Anchor Capital Advisors Llc who had been investing in National Fuel Gas Co N J for a number of months, seems to be less bullish one the $4.43 billion market cap company. The stock increased 0.37% or $0.19 during the last trading session, reaching $51.51. About 251,441 shares traded. National Fuel Gas Company (NYSE:NFG) has declined 14.76% since May 17, 2017 and is downtrending. It has underperformed by 26.31% the S&P500.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “3D printing for the military at GE” on May 02, 2018, also Seekingalpha.com with their article: “General Electric: Finally, It’s Over” published on April 23, 2018, Benzinga.com published: “Analyst: Wabtec A Buy On Potential GE Synergies” on April 23, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “GE Is No Bargain At $14” published on May 02, 2018 as well as Marketwatch.com‘s news article titled: “GE’s stock survived the battle of the ‘breakaway gap,’ and that may have won bulls the war” with publication date: May 11, 2018.

Since January 26, 2018, it had 1 insider buy, and 0 sales for $43,446 activity.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It dropped, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Retail Bank Of Nova Scotia Trust has 0.18% invested in General Electric Company (NYSE:GE) for 97,498 shares. Strategies accumulated 170 shares. Chelsea Counsel Company has 29,724 shares. Gilman Hill Asset Mngmt stated it has 0.17% in General Electric Company (NYSE:GE). Inverness Counsel Limited Liability Ny invested 0.03% in General Electric Company (NYSE:GE). The Illinois-based Cedar Hill Assocs Lc has invested 1.27% in General Electric Company (NYSE:GE). Captrust Fincl invested in 311,813 shares. Covington Capital Management stated it has 0.58% of its portfolio in General Electric Company (NYSE:GE). Cornercap Investment Counsel holds 0.03% or 10,491 shares in its portfolio. Cape Cod Five Cents Bancorporation has 256,033 shares. Atlantic Trust Gp Limited Liability owns 1.92 million shares for 0.14% of their portfolio. The Florida-based Texas Yale Corporation has invested 0.07% in General Electric Company (NYSE:GE). Regents Of The University Of California reported 40,075 shares stake. Laurion Capital LP reported 0.02% of its portfolio in General Electric Company (NYSE:GE). Iberiabank reported 0.19% stake.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 102 analyst reports since July 21, 2015 according to SRatingsIntel. The company was initiated on Friday, July 22 by Standpoint Research. The rating was downgraded by Vetr on Tuesday, September 22 to “Hold”. The stock of General Electric Company (NYSE:GE) earned “Sell” rating by J.P. Morgan on Monday, October 9. On Monday, October 23 the stock rating was downgraded by UBS to “Neutral”. On Thursday, January 21 the stock rating was initiated by Citigroup with “Buy”. RBC Capital Markets maintained the shares of GE in report on Thursday, March 23 with “Positive” rating. On Wednesday, August 26 the stock rating was upgraded by Vetr to “Buy”. The rating was maintained by RBC Capital Markets on Monday, April 24 with “Outperform”. The stock has “Outperform” rating by RBC Capital Markets on Monday, November 30. The firm earned “Buy” rating on Wednesday, August 26 by TheStreet.

Glenview State Bank Trust, which manages about $216.84M US Long portfolio, upped its stake in Becton Dickinson Co (NYSE:BDX) by 3,958 shares to 10,898 shares, valued at $2.33M in 2017Q4, according to the filing.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 EPS, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56B for 20.88 P/E if the $0.18 EPS becomes a reality. After $0.16 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Investors sentiment decreased to 1.15 in Q4 2017. Its down 0.07, from 1.22 in 2017Q3. It dived, as 20 investors sold NFG shares while 96 reduced holdings. 44 funds opened positions while 89 raised stakes. 59.62 million shares or 1.53% less from 60.55 million shares in 2017Q3 were reported. Aull Monroe Investment invested 0.73% of its portfolio in National Fuel Gas Company (NYSE:NFG). Ohio-based Fifth Third National Bank & Trust has invested 0% in National Fuel Gas Company (NYSE:NFG). Schwab Charles Inv holds 0.01% or 321,236 shares. 4,800 are owned by State Of Alaska Department Of Revenue. Deutsche State Bank Ag has 136,434 shares. Fmr Limited Liability Corporation holds 214,940 shares. Century owns 280,503 shares for 0.02% of their portfolio. Dekabank Deutsche Girozentrale reported 0% of its portfolio in National Fuel Gas Company (NYSE:NFG). 234,161 are owned by First Tru Advsr Lp. State Of New Jersey Common Pension Fund D holds 0.01% or 52,000 shares. Moreover, Parkside Fincl Bank & Tru has 0.1% invested in National Fuel Gas Company (NYSE:NFG). Mason Street Advsr Ltd Liability Company holds 0.05% or 42,163 shares in its portfolio. Morgan Stanley holds 0% of its portfolio in National Fuel Gas Company (NYSE:NFG) for 280,722 shares. Heathbridge Limited holds 7,900 shares. Tru Of Vermont reported 814 shares.

Among 5 analysts covering National Fuel Gas Co. (NYSE:NFG), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. National Fuel Gas Co. had 17 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was upgraded by Jefferies to “Buy” on Monday, February 5. The rating was maintained by Howard Weil on Tuesday, November 17 with “Sector Perform”. The firm earned “Hold” rating on Thursday, October 12 by Sidoti. The rating was upgraded by Jefferies to “Hold” on Wednesday, April 19. The stock has “Hold” rating by Jefferies on Wednesday, December 20. The rating was maintained by Jefferies on Thursday, August 31 with “Hold”. On Tuesday, January 2 the stock rating was upgraded by Sidoti to “Buy”. Barclays Capital maintained National Fuel Gas Company (NYSE:NFG) on Wednesday, August 10 with “Equal-Weight” rating. The rating was upgraded by Jefferies on Thursday, October 13 to “Buy”. The firm has “Buy” rating by Jefferies given on Thursday, July 23.

Analysts await National Fuel Gas Company (NYSE:NFG) to report earnings on August, 2. They expect $0.68 EPS, down 1.45% or $0.01 from last year’s $0.69 per share. NFG’s profit will be $58.43M for 18.94 P/E if the $0.68 EPS becomes a reality. After $1.11 actual EPS reported by National Fuel Gas Company for the previous quarter, Wall Street now forecasts -38.74% negative EPS growth.

Anchor Capital Advisors Llc, which manages about $8.51B and $2.83B US Long portfolio, upped its stake in Caseys Gen Stores Inc (NASDAQ:CASY) by 65,634 shares to 176,831 shares, valued at $19.79 million in 2017Q4, according to the filing. It also increased its holding in Apache Corp (NYSE:APA) by 23,243 shares in the quarter, for a total of 731,176 shares, and has risen its stake in Veritiv Corp (NYSE:VRTV).

General Electric Company (NYSE:GE) Institutional Positions Chart

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