Clearbridge Investments Holding in Enbridge Energy Partners LP (EEP) Has Trimmed by $5.05 Million; Cypress Capital Management Has Trimmed At&T New (T) Stake by $4.68 Million

June 17, 2018 - By Clifton Ray

AT&T Inc. (NYSE:T) Logo

Cypress Capital Management Llc decreased its stake in At&T Corp New (T) by 38.81% based on its latest 2018Q1 regulatory filing with the SEC. Cypress Capital Management Llc sold 133,845 shares as the company’s stock declined 13.21% with the market. The institutional investor held 210,985 shares of the telecommunications equipment company at the end of 2018Q1, valued at $7.52M, down from 344,830 at the end of the previous reported quarter. Cypress Capital Management Llc who had been investing in At&T Corp New for a number of months, seems to be less bullish one the $203.57 billion market cap company. The stock increased 1.94% or $0.63 during the last trading session, reaching $33.15. About 113.98 million shares traded or 225.73% up from the average. AT&T Inc. (NYSE:T) has declined 14.96% since June 17, 2017 and is downtrending. It has underperformed by 27.53% the S&P500. Some Historical T News: 21/04/2018 – AT&T chief quizzed in court over note on Time Warner deal; 06/03/2018 – AT&T CFO JOHN STEPHENS SPEAKING AT INVESTOR CONFERENCE; 15/05/2018 – FOX Teams with Ericsson, Intel, AT&T to Deliver 4K over 5G at 2018 U.S. Open; 20/03/2018 – Tiny Chilean regulator thrust into global lithium battle; 12/03/2018 – Buy Time Warner because there will be a bidding war for hot assets like HBO if AT&T deal is blocked: UBS; 11/05/2018 – CNBC Wires: EXCLUSIVE-AT&T DID NOT BREAK THE LAW – STEPHENSON IN MEMO; 11/05/2018 – White House says that the AT&T-Cohen issue proves President Trump is “draining the swamp.”; 20/03/2018 – OPENING STATEMENTS IN THE TRIAL TO DECIDE IF AT&T MAY BUY TIME WARNER WERE DELAYED UNTIL THURSDAY BECAUSE OF BAD WEATHER IN WASHINGTON; 25/04/2018 – AT&T CFO: FUNDING FOR TIME WARNER PURCHASE IS `IN PLACE’; 20/04/2018 – U.S. Said to Investigate AT&T and Verizon Over Wireless Collusion Claim

Clearbridge Investments Llc decreased its stake in Enbridge Energy Partners LP (EEP) by 5% based on its latest 2018Q1 regulatory filing with the SEC. Clearbridge Investments Llc sold 561,230 shares as the company’s stock declined 25.61% with the market. The institutional investor held 10.65 million shares of the energy company at the end of 2018Q1, valued at $102.69 million, down from 11.21M at the end of the previous reported quarter. Clearbridge Investments Llc who had been investing in Enbridge Energy Partners LP for a number of months, seems to be less bullish one the $4.24B market cap company. The stock decreased 3.12% or $0.32 during the last trading session, reaching $9.93. About 4.23M shares traded or 130.06% up from the average. Enbridge Energy Partners, L.P. (NYSE:EEP) has declined 43.96% since June 17, 2017 and is downtrending. It has underperformed by 56.53% the S&P500. Some Historical EEP News: 09/05/2018 – Canada Pension Plan Investment Board Signs Agreements to Acquire 49% of Enbridge’s Interests in Select Renewable Power Asset; 09/04/2018 – NEW DEAL: Enbridge Min. C$500m Fxd-to-Float 60NC10 6.625%; 17/05/2018 – ENBRIDGE: NO SERIES 1 SHRS WILL BE CONVERTED INTO SERIES 2 SHRS; 29/03/2018 – ENBRIDGE INCOME FUND HOLDINGS INC ENF.TO : CREDIT SUISSE ASSUMES COVERAGE WITH NEUTRAL; TARGET PRICE C$32; 16/03/2018 – EEP SEES YR TOTAL DISTRIBUTION COVERAGE ABOUT 1X,SAW 1.15X; 09/05/2018 – ENBRIDGE TO SELL 49% OF STAKE IN SOME POWER ASSETS FOR $1.75B; 09/05/2018 – ENBRIDGE FUND TO SELL 49% STAKE IN RENEWABLE POWER ASSETS; 18/05/2018 – ENBRIDGE INCOME FUND HOLDINGS ACKNOWLEDGES ENBRIDGE OFFER; 09/04/2018 – Oklahoma orders cut to disposal well volumes following quakes; 16/04/2018 – Enbridge Inc. to Host a Joint Webcast with Enbridge Income Fund Holdings Inc., Enbridge Energy Partners, L.P. & Spectra Energy Partners, LP to Discuss 2018 First Quarter Results on May 10

Investors sentiment increased to 0.92 in 2018 Q1. Its up 0.01, from 0.91 in 2017Q4. It increased, as 76 investors sold T shares while 695 reduced holdings. 122 funds opened positions while 585 raised stakes. 3.08 billion shares or 0.35% less from 3.09 billion shares in 2017Q4 were reported. The Virginia-based Old Dominion Cap Mngmt Inc has invested 0.53% in AT&T Inc. (NYSE:T). Loeb Prtn invested in 97,136 shares. State Of Tennessee Treasury Department stated it has 0.47% of its portfolio in AT&T Inc. (NYSE:T). Steinberg Global Asset Mngmt has invested 1.23% of its portfolio in AT&T Inc. (NYSE:T). Corbyn Invest Management Incorporated Md accumulated 1,601 shares or 0.02% of the stock. Port Solutions Ltd Liability Co holds 0.09% in AT&T Inc. (NYSE:T) or 18,890 shares. Sumitomo Mitsui Trust invested 0.86% in AT&T Inc. (NYSE:T). Page Arthur B accumulated 5,906 shares or 0.19% of the stock. 119,752 are held by Hilltop Hldgs Inc. Aristotle Cap Limited Liability holds 8,897 shares or 0% of its portfolio. Segall Bryant Hamill Ltd Company has invested 0.09% in AT&T Inc. (NYSE:T). Hardman Johnston Advisors Limited Liability invested in 0.02% or 15,564 shares. Pinnacle Fincl Prns Inc, Tennessee-based fund reported 260,604 shares. Palisade Lc Nj holds 0.01% or 10,035 shares. Zwj Invest Counsel stated it has 2.01% of its portfolio in AT&T Inc. (NYSE:T).

Cypress Capital Management Llc, which manages about $611.62 million and $518.09 million US Long portfolio, upped its stake in Total Sa (NYSE:TOT) by 151,205 shares to 155,165 shares, valued at $8.95 million in 2018Q1, according to the filing. It also increased its holding in Federated Investors Inc (NYSE:FII) by 23,680 shares in the quarter, for a total of 282,090 shares, and has risen its stake in Ishares International Select (IDV).

Analysts await AT&T Inc. (NYSE:T) to report earnings on July, 24. They expect $0.89 earnings per share, up 12.66% or $0.10 from last year’s $0.79 per share. T’s profit will be $5.47 billion for 9.31 P/E if the $0.89 EPS becomes a reality. After $0.85 actual earnings per share reported by AT&T Inc. for the previous quarter, Wall Street now forecasts 4.71% EPS growth.

More notable recent AT&T Inc. (NYSE:T) news were published by: Seekingalpha.com which released: “John Malone isn’t rushing into media-merger fray” on June 15, 2018, also Seekingalpha.com with their article: “AT&T: What’s The Worst-Case Scenario?” published on May 22, 2018, Seekingalpha.com published: “AT&T: The Clock Is Ticking” on May 30, 2018. More interesting news about AT&T Inc. (NYSE:T) were released by: Seekingalpha.com and their article: “Verizon: We Don’t Know About Vestberg, But Dividend Remains Well Covered” published on June 12, 2018 as well as Seekingalpha.com‘s news article titled: “Bought AT&T After Selling Verizon” with publication date: May 21, 2018.

Among 33 analysts covering AT&T Inc. (NYSE:T), 13 have Buy rating, 2 Sell and 18 Hold. Therefore 39% are positive. AT&T Inc. has $54 highest and $35 lowest target. $40.90’s average target is 23.38% above currents $33.15 stock price. AT&T Inc. had 86 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of AT&T Inc. (NYSE:T) earned “Neutral” rating by Bank of America on Thursday, July 13. Drexel Hamilton downgraded AT&T Inc. (NYSE:T) on Monday, October 24 to “Hold” rating. The stock has “Neutral” rating by UBS on Wednesday, September 28. The firm earned “Hold” rating on Monday, October 2 by RBC Capital Markets. The rating was upgraded by Citigroup on Wednesday, September 2 to “Buy”. The stock has “Buy” rating by DA Davidson on Thursday, February 4. The stock of AT&T Inc. (NYSE:T) earned “Buy” rating by Macquarie Research on Tuesday, July 25. As per Tuesday, April 11, the company rating was maintained by Argus Research. Raymond James maintained AT&T Inc. (NYSE:T) on Thursday, April 26 with “Outperform” rating. The firm earned “Neutral” rating on Friday, June 24 by Buckingham Research.

Clearbridge Investments Llc, which manages about $105.97B US Long portfolio, upped its stake in Biogen Inc (NASDAQ:BIIB) by 46,608 shares to 9.19M shares, valued at $2.52B in 2018Q1, according to the filing. It also increased its holding in Aptiv Plc by 514,318 shares in the quarter, for a total of 529,872 shares, and has risen its stake in Cnh Indl N V (NYSE:CNHI).

Among 19 analysts covering Enbridge Energy Partners (NYSE:EEP), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Enbridge Energy Partners has $42 highest and $5 lowest target. $19.60’s average target is 97.38% above currents $9.93 stock price. Enbridge Energy Partners had 55 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs downgraded it to “Sell” rating and $20 target in Wednesday, July 20 report. Barclays Capital maintained it with “Equal-Weight” rating and $16 target in Monday, November 20 report. The stock has “Outperform” rating by Credit Suisse on Monday, December 21. The company was maintained on Monday, October 12 by Barclays Capital. The rating was upgraded by Simmons & Co to “Overweight” on Wednesday, September 7. The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) has “Overweight” rating given on Wednesday, September 7 by Piper Jaffray. The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) has “Outperform” rating given on Friday, September 9 by FBR Capital. UBS maintained the stock with “Buy” rating in Friday, March 2 report. Morgan Stanley maintained Enbridge Energy Partners, L.P. (NYSE:EEP) rating on Friday, November 17. Morgan Stanley has “Equal-Weight” rating and $17 target. Ladenburg Thalmann downgraded Enbridge Energy Partners, L.P. (NYSE:EEP) on Friday, March 16 to “Neutral” rating.

Investors sentiment decreased to 0.52 in 2018 Q1. Its down 0.20, from 0.72 in 2017Q4. It dived, as 30 investors sold EEP shares while 70 reduced holdings. 20 funds opened positions while 32 raised stakes. 127.87 million shares or 7.22% less from 137.83 million shares in 2017Q4 were reported. First Interstate Commercial Bank accumulated 846 shares. Capital Inv Limited Liability Com reported 47,270 shares. Barnett accumulated 20,700 shares. Rothschild Investment Il accumulated 30,500 shares or 0.04% of the stock. Moreover, Ledyard Financial Bank has 0% invested in Enbridge Energy Partners, L.P. (NYSE:EEP). San Francisco Sentry Invest Gru (Ca) holds 0% of its portfolio in Enbridge Energy Partners, L.P. (NYSE:EEP) for 1,000 shares. Hightower Advsrs Ltd holds 0% or 52,904 shares in its portfolio. Oxbow Advsr Limited Liability Corp holds 0.66% or 334,656 shares. Estabrook Capital Management reported 6,980 shares. Perigon Wealth Mgmt Limited Liability Co holds 0% or 1,250 shares in its portfolio. Alphamark Limited Liability invested in 0% or 640 shares. Macquarie Group Inc Limited stated it has 1.76M shares. Synovus Financial owns 300 shares or 0% of their US portfolio. Illinois-based First Trust Limited Partnership has invested 0.01% in Enbridge Energy Partners, L.P. (NYSE:EEP). Metropolitan Life Insurance New York reported 153,805 shares.

Analysts await Enbridge Energy Partners, L.P. (NYSE:EEP) to report earnings on August, 1. They expect $0.14 EPS, 0.00% or $0.00 from last year’s $0.14 per share. EEP’s profit will be $59.71M for 17.73 P/E if the $0.14 EPS becomes a reality. After $0.25 actual EPS reported by Enbridge Energy Partners, L.P. for the previous quarter, Wall Street now forecasts -44.00% negative EPS growth.

More recent Enbridge Energy Partners, L.P. (NYSE:EEP) news were published by: Bizjournals.com which released: “Enbridge offers to buy MLPs, income fund for $8.86B in wake of FERC policy change” on May 21, 2018. Also Seekingalpha.com published the news titled: “MLP Monthly Report: May 2018” on June 05, 2018. Seekingalpha.com‘s news article titled: “MLPs Outperform In The Simplicity War” with publication date: May 20, 2018 was also an interesting one.

Enbridge Energy Partners, L.P. (NYSE:EEP) Institutional Positions Chart

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