As Enbridge Energy Partners LP (EEP) Valuation Declined, Walter & Keenan Financial Consulting Company Lowered Holding by $390,000; Holder Chevy Chase Trust Holdings Has Boosted Global Pmts (GPN) Holding

April 17, 2018 - By Michael Collier

Global Payments Inc. (NYSE:GPN) Logo

Chevy Chase Trust Holdings Inc increased its stake in Global Pmts Inc (GPN) by 3.65% based on its latest 2017Q4 regulatory filing with the SEC. Chevy Chase Trust Holdings Inc bought 4,870 shares as the company’s stock rose 10.72% while stock markets declined. The institutional investor held 138,142 shares of the business services company at the end of 2017Q4, valued at $13.85 million, up from 133,272 at the end of the previous reported quarter. Chevy Chase Trust Holdings Inc who had been investing in Global Pmts Inc for a number of months, seems to be bullish on the $17.83 billion market cap company. The stock increased 1.23% or $1.36 during the last trading session, reaching $111.8. About 388,136 shares traded. Global Payments Inc. (NYSE:GPN) has risen 42.24% since April 17, 2017 and is uptrending. It has outperformed by 30.69% the S&P500.

Walter & Keenan Financial Consulting Company decreased its stake in Enbridge Energy Partners LP (EEP) by 74.81% based on its latest 2017Q4 regulatory filing with the SEC. Walter & Keenan Financial Consulting Company sold 30,000 shares as the company’s stock declined 32.30% with the market. The institutional investor held 10,100 shares of the energy company at the end of 2017Q4, valued at $139,000, down from 40,100 at the end of the previous reported quarter. Walter & Keenan Financial Consulting Company who had been investing in Enbridge Energy Partners LP for a number of months, seems to be less bullish one the $4.53B market cap company. The stock increased 1.42% or $0.15 during the last trading session, reaching $10.68. About 885,649 shares traded. Enbridge Energy Partners, L.P. (NYSE:EEP) has declined 48.17% since April 17, 2017 and is downtrending. It has underperformed by 59.72% the S&P500.

Among 38 analysts covering Global Payments Inc. (NYSE:GPN), 31 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Global Payments Inc. had 128 analyst reports since July 29, 2015 according to SRatingsIntel. Atlantic Securities maintained the shares of GPN in report on Thursday, April 13 with “Overweight” rating. The firm has “Hold” rating given on Friday, October 9 by Jefferies. Deutsche Bank maintained Global Payments Inc. (NYSE:GPN) on Tuesday, October 10 with “Buy” rating. As per Thursday, February 15, the company rating was maintained by Mizuho. The rating was maintained by Robert W. Baird on Thursday, September 28 with “Buy”. Stifel Nicolaus initiated it with “Buy” rating and $102 target in Thursday, June 1 report. The firm has “Buy” rating by Guggenheim given on Thursday, February 15. Bank of America maintained Global Payments Inc. (NYSE:GPN) rating on Wednesday, February 21. Bank of America has “Buy” rating and $127.0 target. The stock of Global Payments Inc. (NYSE:GPN) earned “Buy” rating by Suntrust Robinson on Friday, January 8. Nomura maintained the shares of GPN in report on Tuesday, February 13 with “Reduce” rating.

Since October 18, 2017, it had 0 buys, and 15 selling transactions for $5.62 million activity. 6,250 shares were sold by MARSHALL RUTH ANN, worth $714,500. SILBERSTEIN ALAN M sold 600 shares worth $68,604. BALDWIN ROBERT H B JR sold $625,682 worth of stock or 6,000 shares.

Chevy Chase Trust Holdings Inc, which manages about $23.22B US Long portfolio, decreased its stake in Wells Fargo Co New (NYSE:WFC) by 57,554 shares to 3.88M shares, valued at $235.26 million in 2017Q4, according to the filing. It also reduced its holding in American Airls Group Inc (NASDAQ:AAL) by 9,112 shares in the quarter, leaving it with 368,920 shares, and cut its stake in General Dynamics Corp (NYSE:GD).

Investors sentiment increased to 1.18 in 2017 Q4. Its up 0.10, from 1.08 in 2017Q3. It is positive, as 31 investors sold GPN shares while 137 reduced holdings. 50 funds opened positions while 149 raised stakes. 150.74 million shares or 3.00% less from 155.40 million shares in 2017Q3 were reported. Usca Ria Ltd Co holds 0.02% in Global Payments Inc. (NYSE:GPN) or 2,250 shares. Cornerstone Capital Management Hldgs Ltd Llc accumulated 29,920 shares or 0.02% of the stock. Canada Pension Plan Invest Board holds 62,712 shares. Commonwealth Bancorp Of Aus holds 0% or 158 shares in its portfolio. State Treasurer State Of Michigan accumulated 68,164 shares. Voya Invest Mgmt Limited Liability Corp invested 0.02% in Global Payments Inc. (NYSE:GPN). Nuveen Asset Mgmt Lc reported 0.01% of its portfolio in Global Payments Inc. (NYSE:GPN). Hanseatic Mgmt Serv Incorporated invested 0.01% of its portfolio in Global Payments Inc. (NYSE:GPN). The New York-based Jpmorgan Chase Com has invested 0.09% in Global Payments Inc. (NYSE:GPN). World Asset Mngmt Incorporated, Michigan-based fund reported 14,098 shares. Zeke Cap Advisors Ltd Liability Corp holds 2,435 shares or 0.03% of its portfolio. Richard Bernstein Advsr Lc stated it has 0.02% in Global Payments Inc. (NYSE:GPN). Gulf Intl Retail Bank (Uk) reported 0.06% stake. Artisan Partnership invested in 1.06% or 5.60M shares. Amalgamated Savings Bank owns 20,155 shares for 0.05% of their portfolio.

Among 19 analysts covering Enbridge Energy Partners (NYSE:EEP), 6 have Buy rating, 2 Sell and 11 Hold. Therefore 32% are positive. Enbridge Energy Partners had 52 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse upgraded Enbridge Energy Partners, L.P. (NYSE:EEP) on Monday, December 21 to “Outperform” rating. The company was maintained on Monday, October 12 by Barclays Capital. FBR Capital initiated Enbridge Energy Partners, L.P. (NYSE:EEP) rating on Friday, September 9. FBR Capital has “Outperform” rating and $31 target. The rating was upgraded by Simmons & Co on Wednesday, September 7 to “Overweight”. The stock has “Neutral” rating by Piper Jaffray on Friday, April 1. The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) has “Neutral” rating given on Tuesday, November 3 by Credit Suisse. Mizuho maintained the stock with “Hold” rating in Wednesday, April 11 report. Wells Fargo maintained the shares of EEP in report on Monday, April 3 with “Market Perform” rating. JP Morgan maintained Enbridge Energy Partners, L.P. (NYSE:EEP) rating on Tuesday, March 13. JP Morgan has “Neutral” rating and $15 target. On Friday, March 2 the stock rating was maintained by UBS with “Buy”.

Walter & Keenan Financial Consulting Company, which manages about $337.76M and $238.04 million US Long portfolio, upped its stake in Jpmorgan Chase & Co (NYSE:JPM) by 4,083 shares to 71,853 shares, valued at $7.68 million in 2017Q4, according to the filing. It also increased its holding in Microsoft Corp (NASDAQ:MSFT) by 4,436 shares in the quarter, for a total of 94,555 shares, and has risen its stake in General Electric Co (NYSE:GE).

Investors sentiment decreased to 0.72 in 2017 Q4. Its down 0.10, from 0.82 in 2017Q3. It dropped, as 30 investors sold EEP shares while 71 reduced holdings. 26 funds opened positions while 47 raised stakes. 137.83 million shares or 0.71% more from 136.85 million shares in 2017Q3 were reported. Asset Mgmt Limited holds 304,197 shares or 1.57% of its portfolio. The Missouri-based Benjamin F Edwards & Company has invested 0% in Enbridge Energy Partners, L.P. (NYSE:EEP). Neuberger Berman Limited Liability Co holds 0% or 23,598 shares. Advisory Rech Inc accumulated 7.00M shares. Us Retail Bank De holds 0% of its portfolio in Enbridge Energy Partners, L.P. (NYSE:EEP) for 35,369 shares. Pnc Financial Ser Group reported 0% of its portfolio in Enbridge Energy Partners, L.P. (NYSE:EEP). Moreover, Walleye Trading Lc has 0% invested in Enbridge Energy Partners, L.P. (NYSE:EEP) for 41,198 shares. Creative Planning has 0.08% invested in Enbridge Energy Partners, L.P. (NYSE:EEP). Sandy Spring Bankshares reported 0% in Enbridge Energy Partners, L.P. (NYSE:EEP). The Tennessee-based Patten Group has invested 0.02% in Enbridge Energy Partners, L.P. (NYSE:EEP). Rothschild Investment Il holds 0.07% or 46,250 shares. Rockefeller Services invested in 0.02% or 84,992 shares. 46,471 are owned by Bridges Investment Mngmt. 12,070 were reported by Cap Advsrs Ok. 510,565 are owned by Oxbow Advsr Lc.

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

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