Alpine Associates Management Cut United Technologies (Put) (UTX) Position; Allete (ALE) Has 0.88 Sentiment

June 14, 2018 - By Louis Casey

United Technologies Corporation (NYSE:UTX) Logo

Alpine Associates Management Inc decreased United Technologies Corp (Put) (UTX) stake by 5.44% reported in 2018Q1 SEC filing. Alpine Associates Management Inc sold 23,400 shares as United Technologies Corp (Put) (UTX)’s stock declined 6.23%. The Alpine Associates Management Inc holds 406,500 shares with $51.15M value, down from 429,900 last quarter. United Technologies Corp (Put) now has $101.61 billion valuation. The stock increased 0.05% or $0.06 during the last trading session, reaching $127. About 2.35 million shares traded. United Technologies Corporation (NYSE:UTX) has risen 3.91% since June 14, 2017 and is uptrending. It has underperformed by 8.66% the S&P500. Some Historical UTX News: ; 16/05/2018 – Otis Helps Shape San Francisco’s Skyline with Oceanwide Win; 16/03/2018 – UNITED TECHNOLOGIES SEES 2018 $6.85-$7.10; 24/04/2018 – United Technologies Raises 2018 View To Sales $63B-$64.5B; 02/05/2018 – The Edge Markets: M&A: UTC set to win EU approval for US$23b Rockwell Collins deal – sources – The Edge Markets; 16/03/2018 – Cramer also sits down with the CEOs of United Technologies and New Relic; 24/04/2018 – UTX CEO STILL SEES ROCKWELL COLLINS DEAL CLOSE MID-2018; 07/03/2018 – General Motors and Boeing declined 1.3 percent and 1.4 percent, respectively. United Technologies and Ford Motor slipped 1.1 percent and 0.9 percent, respectively; 24/04/2018 – UNITED TECHNOLOGIES OPTIMISTIC ABOUT ABILITY OF SUPPLY CHAIN TO MEET INCREASING ENGINE PRODUCTION-CFO; 15/05/2018 – PERSHING CONFIRMS UNITED TECHNOLOGIES STAKE IN 1Q 13F; 24/04/2018 – United Technologies Raises 2018 Outlook

Allete Inc (ALE) investors sentiment decreased to 0.88 in Q1 2018. It’s down -0.41, from 1.29 in 2017Q4. The ratio has worsened, as 100 investment professionals opened new or increased positions, while 114 sold and trimmed positions in Allete Inc. The investment professionals in our database now have: 35.74 million shares, down from 35.80 million shares in 2017Q4. Also, the number of investment professionals holding Allete Inc in top ten positions decreased from 4 to 3 for a decrease of 1. Sold All: 26 Reduced: 88 Increased: 66 New Position: 34.

More news for ALLETE, Inc. (NYSE:ALE) were recently published by: Finance.Yahoo.com, which released: “Should You Sell ALLETE Inc (NYSE:ALE) At This PE Ratio?” on May 18, 2018. Streetinsider.com‘s article titled: “ALLETE, Inc. (ALE) Says US Water Plans to Appeal Recent Ruling That pHytOUT Patents Are Invalid” and published on June 07, 2018 is yet another important article.

Analysts await ALLETE, Inc. (NYSE:ALE) to report earnings on August, 1. They expect $0.75 EPS, up 4.17% or $0.03 from last year’s $0.72 per share. ALE’s profit will be $38.45M for 24.26 P/E if the $0.75 EPS becomes a reality. After $0.99 actual EPS reported by ALLETE, Inc. for the previous quarter, Wall Street now forecasts -24.24% negative EPS growth.

ALLETE, Inc. operates as an energy company. The company has market cap of $3.73 billion. The firm operates through three divisions: Regulated Operations, ALLETE Clean Energy, and U.S. It has a 21.54 P/E ratio. Water Services.

Polaris Capital Management Llc holds 2.19% of its portfolio in ALLETE, Inc. for 822,800 shares. Mesirow Financial Investment Management owns 287,732 shares or 2.04% of their US portfolio. Moreover, Aristotle Capital Boston Llc has 1.8% invested in the company for 531,234 shares. The Massachusetts-based Eagle Boston Investment Management Inc has invested 1.65% in the stock. Deroy & Devereaux Private Investment Counsel Inc, a Michigan-based fund reported 202,697 shares.

The stock increased 0.86% or $0.62 during the last trading session, reaching $72.79. About 215,702 shares traded. ALLETE, Inc. (ALE) has risen 4.12% since June 14, 2017 and is uptrending. It has underperformed by 8.45% the S&P500. Some Historical ALE News: ; 15/03/2018 – ALLETE CLEAN ENERGY TO BUILD MONTANA WIND ENERGY FACILITY; 15/03/2018 – Allete Unit to Build, Own and Operate 80-Megawatt Wind Energy Facility Near Great Falls, Montana; 11/05/2018 – U.S. Water’s Cambridge and Plymouth Facilities Win Minnesota Governor’s Safety Award; 07/05/2018 – ALLETE Honored for Advancing Women in Leadership Roles; 15/03/2018 – Allete Unit’s Facility to Supply Electricity to NorthWestern Energy Under a Signed Power Sale Agreement; 15/03/2018 – ALLETE CLEAN ENERGY – PROJECT WILL EXPAND WIND PORTFOLIO TO MORE THAN 700 MEGAWATTS ACROSS SIX STATES; 11/05/2018 – U.S. Water’s Cambridge and Plymouth Facilities Win Minnesota Governor’s Safety Award; 08/05/2018 – ALLETE CEO Says Diversification Fuels Growth Outlook at Annual Meeting of Shareholders; 09/03/2018 Dir Jimmerson Gifts 440 Of Allete Inc; 15/03/2018 – ALLETE Clean Energy to Build Montana Wind Energy Facility to Supply Electricity to NorthWestern Energy under Power Sale Agreement

Since January 1, 0001, it had 0 insider buys, and 3 selling transactions for $177,216 activity.

Among 22 analysts covering United Technologies Corporation (NYSE:UTX), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. United Technologies Corporation had 86 analyst reports since July 21, 2015 according to SRatingsIntel. Argus Research maintained United Technologies Corporation (NYSE:UTX) on Wednesday, July 22 with “Buy” rating. The firm earned “Buy” rating on Tuesday, January 23 by UBS. The stock of United Technologies Corporation (NYSE:UTX) has “Buy” rating given on Friday, February 9 by Argus Research. The firm earned “Buy” rating on Tuesday, January 23 by RBC Capital Markets. The stock has “Outperform” rating by Robert W. Baird on Friday, January 5. Credit Suisse upgraded United Technologies Corporation (NYSE:UTX) on Monday, December 19 to “Outperform” rating. The rating was maintained by Deutsche Bank on Tuesday, August 25 with “Hold”. Barclays Capital maintained United Technologies Corporation (NYSE:UTX) on Wednesday, July 27 with “Equalweight” rating. Jefferies maintained it with “Buy” rating and $139.0 target in Monday, August 28 report. As per Wednesday, July 22, the company rating was downgraded by Atlantic Securities.

Alpine Associates Management Inc increased Chicago Bridge & Iron Co N V (NYSE:CBI) stake by 615,170 shares to 852,000 valued at $12.27 million in 2018Q1. It also upped Orbital Atk Inc stake by 561,998 shares and now owns 1.16 million shares. Time Warner Inc (NYSE:TWX) was raised too.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on July, 24. They expect $1.83 earnings per share, down 1.08% or $0.02 from last year’s $1.85 per share. UTX’s profit will be $1.46B for 17.35 P/E if the $1.83 EPS becomes a reality. After $1.77 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts 3.39% EPS growth.

Since December 15, 2017, it had 1 insider purchase, and 5 insider sales for $2.57 million activity. JOHRI AKHIL sold 6,259 shares worth $803,037. The insider Bailey Robert J. sold 864 shares worth $108,873. Reynolds Fredric G bought $1.09M worth of stock or 9,000 shares. 4,341 shares were sold by Amato Elizabeth B, worth $546,600. Gill Charles D sold $1.25M worth of stock or 9,700 shares. Another trade for 10,770 shares valued at $1.28 million was made by MCDONOUGH ROBERT J on Wednesday, May 2.

Investors sentiment increased to 0.94 in 2018 Q1. Its up 0.02, from 0.92 in 2017Q4. It improved, as 62 investors sold UTX shares while 542 reduced holdings. 98 funds opened positions while 467 raised stakes. 630.65 million shares or 1.06% more from 624.06 million shares in 2017Q4 were reported. Stewart & Patten Communication Ltd Limited Liability Company invested in 8,735 shares or 0.21% of the stock. Fiduciary Trust holds 1% or 256,467 shares in its portfolio. Brookstone Mngmt owns 0.02% invested in United Technologies Corporation (NYSE:UTX) for 1,910 shares. Trustmark Bancorporation Department accumulated 7,192 shares. 973,500 are held by Renaissance Ltd Liability Corporation. Gemmer Asset Mngmt Ltd Co invested 0.01% in United Technologies Corporation (NYSE:UTX). Moreover, Meridian Investment Counsel has 0.52% invested in United Technologies Corporation (NYSE:UTX) for 7,259 shares. The New York-based Mutual Of America Cap Llc has invested 0.18% in United Technologies Corporation (NYSE:UTX). Security National Tru reported 29,789 shares. Asset Mgmt One Com Limited invested 0.34% in United Technologies Corporation (NYSE:UTX). Northwestern Mutual Wealth Mngmt Communications reported 84,431 shares or 0.06% of all its holdings. Punch & Assocs Invest Mgmt reported 34,808 shares stake. Telemus Limited Liability Com holds 0.06% or 5,968 shares in its portfolio. Forward Ltd, California-based fund reported 12,103 shares. Financial invested in 0.63% or 9,784 shares.

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Seekingalpha.com which released: “United Technologies’ Accelerating Growth” on June 08, 2018, also Seekingalpha.com with their article: “Engine makers on track with A320 recovery plan” published on June 14, 2018, Seekingalpha.com published: “You’re Better Off Sitting On The Sidelines In The United Technologies And Rockwell Collins Deal” on June 05, 2018. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Seekingalpha.com and their article: “Cisco Is A High Quality Stock – Cramer’s Lightning Round (6/8/18)” published on June 11, 2018 as well as Streetinsider.com‘s news article titled: “Engine makers on track with recovery plan for A320 engines, Airbus says” with publication date: June 14, 2018.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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