Foundry Partners Has Cut Ppl (PPL) Holding by $1.12 Million; Valuation Rose; As Sempra Energy (SRE) Stock Value Rose, Rare Infrastructure LTD Decreased Position

February 15, 2018 - By Henry Gaston

Foundry Partners Llc decreased its stake in Ppl Corporation (PPL) by 8.61% based on its latest 2017Q3 regulatory filing with the SEC. Foundry Partners Llc sold 30,219 shares as the company’s stock rose 8.95% with the market. The institutional investor held 320,608 shares of the central company at the end of 2017Q3, valued at $12.17M, down from 350,827 at the end of the previous reported quarter. Foundry Partners Llc who had been investing in Ppl Corporation for a number of months, seems to be less bullish one the $21.25B market cap company. The stock increased 1.97% or $0.595 during the last trading session, reaching $30.865. About 3.60 million shares traded. PPL Corporation (NYSE:PPL) has risen 2.43% since February 15, 2017 and is uptrending. It has underperformed by 14.27% the S&P500.

Rare Infrastructure Ltd decreased its stake in Sempra Energy (SRE) by 37.13% based on its latest 2017Q3 regulatory filing with the SEC. Rare Infrastructure Ltd sold 363,630 shares as the company’s stock rose 5.34% with the market. The institutional investor held 615,668 shares of the natural gas distribution company at the end of 2017Q3, valued at $70.27M, down from 979,298 at the end of the previous reported quarter. Rare Infrastructure Ltd who had been investing in Sempra Energy for a number of months, seems to be less bullish one the $29.85 billion market cap company. The stock increased 1.71% or $1.8 during the last trading session, reaching $107.27. About 512,480 shares traded. Sempra Energy (NYSE:SRE) has risen 8.27% since February 15, 2017 and is uptrending. It has underperformed by 8.43% the S&P500.

Rare Infrastructure Ltd, which manages about $1.37 billion US Long portfolio, upped its stake in Union Pac Corp (NYSE:UNP) by 11,445 shares to 300,281 shares, valued at $34.82M in 2017Q3, according to the filing. It also increased its holding in Genesee & Wyo Inc (NYSE:GWR) by 636,395 shares in the quarter, for a total of 784,178 shares, and has risen its stake in Norfolk Southern Corp (NYSE:NSC).

Investors sentiment increased to 1.19 in Q3 2017. Its up 0.18, from 1.01 in 2017Q2. It improved, as 28 investors sold SRE shares while 168 reduced holdings. 62 funds opened positions while 172 raised stakes. 197.93 million shares or 1.07% less from 200.08 million shares in 2017Q2 were reported. Meiji Yasuda Asset Mngmt Com Limited has invested 0.06% of its portfolio in Sempra Energy (NYSE:SRE). Moreover, San Francisco Sentry Invest (Ca) has 0.06% invested in Sempra Energy (NYSE:SRE). Alliancebernstein Lp invested 0.04% in Sempra Energy (NYSE:SRE). Metropolitan Life Ins invested in 0.09% or 119,228 shares. Vident Advisory Ltd Liability holds 0.03% or 4,637 shares in its portfolio. Private Advisor Gru Llc, a New Jersey-based fund reported 4,786 shares. Norinchukin Bank The reported 20,588 shares stake. Adirondack Commerce, a New York-based fund reported 30 shares. Perigon Wealth Management Ltd Llc has invested 0.19% in Sempra Energy (NYSE:SRE). Rothschild Inv Il holds 2,283 shares. 4,178 were accumulated by Fifth Third Bank. Prtnrs Group Inc Ag accumulated 142,680 shares. Lord Abbett & Ltd Co has invested 0.42% in Sempra Energy (NYSE:SRE). Moreover, First Personal Fincl has 0.05% invested in Sempra Energy (NYSE:SRE) for 2,250 shares. Nippon Life Investors Americas Inc holds 0.3% or 30,820 shares.

Among 9 analysts covering Sempra Energy (NYSE:SRE), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Sempra Energy had 19 analyst reports since September 15, 2015 according to SRatingsIntel. The company was maintained on Sunday, August 27 by RBC Capital Markets. The firm has “Neutral” rating by JP Morgan given on Thursday, October 12. The firm has “Outperform” rating by Wells Fargo given on Tuesday, October 10. As per Thursday, August 10, the company rating was maintained by Morgan Stanley. JP Morgan maintained the shares of SRE in report on Wednesday, November 1 with “Neutral” rating. The firm has “Buy” rating by RBC Capital Markets given on Sunday, October 1. The stock of Sempra Energy (NYSE:SRE) has “Hold” rating given on Thursday, May 11 by BMO Capital Markets. As per Wednesday, January 3, the company rating was maintained by Wells Fargo. BMO Capital Markets maintained it with “Hold” rating and $11800 target in Friday, August 4 report. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, July 23.

Analysts await Sempra Energy (NYSE:SRE) to report earnings on February, 27. They expect $1.39 earnings per share, down 8.55% or $0.13 from last year’s $1.52 per share. SRE’s profit will be $386.73M for 19.29 P/E if the $1.39 EPS becomes a reality. After $1.04 actual earnings per share reported by Sempra Energy for the previous quarter, Wall Street now forecasts 33.65% EPS growth.

Among 14 analysts covering PPL Corporation (NYSE:PPL), 6 have Buy rating, 1 Sell and 7 Hold. Therefore 43% are positive. PPL Corporation had 40 analyst reports since August 5, 2015 according to SRatingsIntel. SunTrust initiated it with “Buy” rating and $43.0 target in Tuesday, October 10 report. The company was maintained on Thursday, December 31 by Argus Research. RBC Capital Markets maintained it with “Hold” rating and $38.0 target in Sunday, September 24 report. On Thursday, July 14 the stock rating was downgraded by Jefferies to “Hold”. The firm earned “Hold” rating on Sunday, August 20 by RBC Capital Markets. SunTrust maintained PPL Corporation (NYSE:PPL) rating on Monday, February 12. SunTrust has “Buy” rating and $37.0 target. The firm has “Buy” rating given on Tuesday, September 5 by Jefferies. The rating was downgraded by Macquarie Research to “Underperform” on Tuesday, December 19. Jefferies upgraded PPL Corporation (NYSE:PPL) on Wednesday, July 19 to “Buy” rating. The rating was downgraded by Goldman Sachs to “Sell” on Tuesday, January 17.

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By1 Henry Gaston

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