Ppl (PPL) Holder Rare Infrastructure LTD Has Cut Position by $8.66 Million; Cohen & Steers Has Boosted Stake in The Home Depot (HD)

February 19, 2018 - By Vivian Park

Rare Infrastructure Ltd decreased its stake in Ppl Corp (PPL) by 96.88% based on its latest 2017Q3 regulatory filing with the SEC. Rare Infrastructure Ltd sold 234,115 shares as the company’s stock rose 8.95% with the market. The institutional investor held 7,536 shares of the central company at the end of 2017Q3, valued at $286,000, down from 241,651 at the end of the previous reported quarter. Rare Infrastructure Ltd who had been investing in Ppl Corp for a number of months, seems to be less bullish one the $21.65 billion market cap company. The stock increased 1.13% or $0.35 during the last trading session, reaching $31.45. About 5.41M shares traded. PPL Corporation (NYSE:PPL) has risen 2.43% since February 19, 2017 and is uptrending. It has underperformed by 14.27% the S&P500.

Cohen & Steers Inc increased its stake in The Home Depot Inc. (HD) by 18.75% based on its latest 2017Q3 regulatory filing with the SEC. Cohen & Steers Inc bought 15,995 shares as the company’s stock rose 9.30% with the market. The institutional investor held 101,321 shares of the consumer services company at the end of 2017Q3, valued at $16.57 million, up from 85,326 at the end of the previous reported quarter. Cohen & Steers Inc who had been investing in The Home Depot Inc. for a number of months, seems to be bullish on the $218.33 billion market cap company. The stock increased 0.92% or $1.7 during the last trading session, reaching $186.97. About 7.62 million shares traded or 44.24% up from the average. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since February 19, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

Rare Infrastructure Ltd, which manages about $1.37B US Long portfolio, upped its stake in Genesee & Wyo Inc (NYSE:GWR) by 636,395 shares to 784,178 shares, valued at $58.04 million in 2017Q3, according to the filing. It also increased its holding in Transcanada Corp (NYSE:TRP) by 32,019 shares in the quarter, for a total of 140,930 shares, and has risen its stake in Crown Castle Intl Corp New (NYSE:CCI).

Investors sentiment decreased to 1.1 in 2017 Q3. Its down 0.07, from 1.17 in 2017Q2. It dropped, as 37 investors sold PPL shares while 222 reduced holdings. 58 funds opened positions while 226 raised stakes. 479.53 million shares or 0.81% more from 475.65 million shares in 2017Q2 were reported. Ballentine Partners Limited Liability Corporation reported 0.01% in PPL Corporation (NYSE:PPL). 26,300 are held by Compton Mngmt Ri. Focused Wealth Mgmt Inc holds 0.03% or 2,466 shares in its portfolio. Citigroup owns 0.01% invested in PPL Corporation (NYSE:PPL) for 475,568 shares. Allsquare Wealth Ltd Company reported 400 shares. Gilman Hill Asset Llc reported 88,170 shares or 1.37% of all its holdings. Wellington Mngmt Group Inc Llp holds 0.01% in PPL Corporation (NYSE:PPL) or 710,842 shares. 6,561 were accumulated by Duncker Streett And Company. Glg Lc holds 0.08% of its portfolio in PPL Corporation (NYSE:PPL) for 30,964 shares. Checchi Capital Advisers Ltd Llc invested in 0.03% or 7,239 shares. 6,874 were reported by Van Hulzen Asset Mngmt Limited Liability Company. 7,105 are owned by Orrstown Fincl Service Incorporated. State Of Wisconsin Invest Board invested in 1.12 million shares. Korea Inv reported 317,706 shares. Kayne Anderson Rudnick Invest Limited Company has invested 0.16% of its portfolio in PPL Corporation (NYSE:PPL).

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. The firm earned “Neutral” rating on Monday, June 26 by Goldman Sachs. As per Wednesday, July 19, the company rating was upgraded by Jefferies. The firm has “Hold” rating by Guggenheim given on Tuesday, January 2. The firm earned “Neutral” rating on Wednesday, August 10 by Guggenheim. The firm has “Sell” rating by Goldman Sachs given on Tuesday, January 17. The rating was maintained by KeyBanc Capital Markets on Wednesday, October 18 with “Hold”. UBS upgraded PPL Corporation (NYSE:PPL) rating on Friday, September 18. UBS has “Buy” rating and $33 target. The rating was downgraded by Goldman Sachs to “Neutral” on Monday, October 19. SunTrust maintained PPL Corporation (NYSE:PPL) rating on Monday, January 8. SunTrust has “Buy” rating and $39.0 target. The firm has “Buy” rating by SunTrust given on Tuesday, December 26.

Cohen & Steers Inc, which manages about $36.65 billion US Long portfolio, decreased its stake in Apartment Invt & Mgmt Co 6.875 Pfd A by 51,850 shares to 644,020 shares, valued at $17.03M in 2017Q3, according to the filing. It also reduced its holding in Chevron Corporation (NYSE:CVX) by 12,553 shares in the quarter, leaving it with 68,752 shares, and cut its stake in National Retail Properties (NYSE:NNN).

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.19, from 0.95 in 2017Q2. It is positive, as 59 investors sold HD shares while 562 reduced holdings. 121 funds opened positions while 587 raised stakes. 796.24 million shares or 3.15% less from 822.13 million shares in 2017Q2 were reported. Barbara Oil reported 27,500 shares or 3.11% of all its holdings. Willingdon Wealth Management owns 0.81% invested in The Home Depot, Inc. (NYSE:HD) for 13,553 shares. Boston Private Wealth Ltd Liability Com accumulated 287,565 shares or 1.81% of the stock. Natixis stated it has 158,427 shares or 0.24% of all its holdings. Raymond James Fincl Services Advsr invested 0.49% of its portfolio in The Home Depot, Inc. (NYSE:HD). Utah Retirement holds 220,672 shares or 0.81% of its portfolio. Blue Edge Cap Ltd Liability Com owns 13,829 shares or 1.03% of their US portfolio. Thompson Siegel & Walmsley Ltd, Virginia-based fund reported 10,728 shares. Sg Americas Securities Lc has invested 0.02% in The Home Depot, Inc. (NYSE:HD). Scott & Selber invested 2.35% in The Home Depot, Inc. (NYSE:HD). The New York-based Solaris Asset Management Limited Liability Company has invested 0% in The Home Depot, Inc. (NYSE:HD). Stonehearth Mgmt Ltd Liability Company accumulated 1,350 shares or 0.17% of the stock. Pitcairn has 8,556 shares for 0.16% of their portfolio. United Kingdom-based Lmr Prtn Ltd Liability Partnership has invested 0.05% in The Home Depot, Inc. (NYSE:HD). Somerset Trust invested in 13,866 shares or 1.2% of the stock.

Among 33 analysts covering The Home Depot Inc. (NYSE:HD), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. The Home Depot Inc. had 107 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of The Home Depot, Inc. (NYSE:HD) has “Buy” rating given on Friday, January 26 by UBS. Bernstein maintained the shares of HD in report on Thursday, December 7 with “Hold” rating. The firm has “Buy” rating given on Wednesday, January 10 by Robert W. Baird. As per Tuesday, August 18, the company rating was maintained by Goldman Sachs. The firm has “Buy” rating given on Friday, October 13 by Robert W. Baird. The stock of The Home Depot, Inc. (NYSE:HD) earned “Buy” rating by Credit Suisse on Wednesday, November 29. The stock of The Home Depot, Inc. (NYSE:HD) has “Neutral” rating given on Monday, October 31 by PiperJaffray. Robert W. Baird maintained The Home Depot, Inc. (NYSE:HD) on Friday, September 8 with “Buy” rating. Argus Research maintained The Home Depot, Inc. (NYSE:HD) on Wednesday, November 15 with “Buy” rating. The firm earned “Buy” rating on Tuesday, August 2 by Stifel Nicolaus.

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By1 Vivian Park

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