Trustco Bank N Y Raised Southern Co (SO) Stake; As Eqt Midstream Partners LP (EQM) Share Price Declined, Walnut Private Equity Partners Has Raised Position

April 17, 2018 - By Maria Brooks

The Southern Company (NYSE:SO) Logo

Walnut Private Equity Partners Llc increased its stake in Eqt Midstream Partners Lp (EQM) by 59.06% based on its latest 2017Q4 regulatory filing with the SEC. Walnut Private Equity Partners Llc bought 8,500 shares as the company’s stock declined 21.10% with the market. The institutional investor held 22,893 shares of the public utilities company at the end of 2017Q4, valued at $1.64M, up from 14,393 at the end of the previous reported quarter. Walnut Private Equity Partners Llc who had been investing in Eqt Midstream Partners Lp for a number of months, seems to be bullish on the $5.06 billion market cap company. The stock increased 1.75% or $1.08 during the last trading session, reaching $62.78. About 269,441 shares traded. EQT Midstream Partners, LP (NYSE:EQM) has declined 25.44% since April 17, 2017 and is downtrending. It has underperformed by 36.99% the S&P500.

Trustco Bank Corp N Y increased its stake in Southern Co (SO) by 67.62% based on its latest 2017Q4 regulatory filing with the SEC. Trustco Bank Corp N Y bought 16,089 shares as the company’s stock declined 8.19% with the market. The institutional investor held 39,883 shares of the central company at the end of 2017Q4, valued at $1.92 million, up from 23,794 at the end of the previous reported quarter. Trustco Bank Corp N Y who had been investing in Southern Co for a number of months, seems to be bullish on the $46.52 billion market cap company. The stock increased 1.95% or $0.877 during the last trading session, reaching $45.947. About 4.30 million shares traded. The Southern Company (NYSE:SO) has declined 11.47% since April 17, 2017 and is downtrending. It has underperformed by 23.02% the S&P500.

Among 20 analysts covering The Southern Company (NYSE:SO), 5 have Buy rating, 6 Sell and 9 Hold. Therefore 25% are positive. The Southern Company had 75 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, October 18. The stock of The Southern Company (NYSE:SO) earned “Hold” rating by SunTrust on Monday, January 22. BMO Capital Markets maintained The Southern Company (NYSE:SO) rating on Friday, March 31. BMO Capital Markets has “Hold” rating and $53 target. The company was maintained on Wednesday, June 28 by RBC Capital Markets. Jefferies maintained The Southern Company (NYSE:SO) rating on Tuesday, June 6. Jefferies has “Buy” rating and $5500 target. Credit Suisse maintained The Southern Company (NYSE:SO) rating on Tuesday, February 27. Credit Suisse has “Underperform” rating and $45 target. SunTrust maintained it with “Hold” rating and $49.0 target in Wednesday, January 3 report. SunTrust maintained The Southern Company (NYSE:SO) rating on Monday, April 2. SunTrust has “Hold” rating and $4600 target. Morgan Stanley maintained the shares of SO in report on Thursday, March 8 with “Underweight” rating. Jefferies maintained The Southern Company (NYSE:SO) on Wednesday, August 30 with “Buy” rating.

Investors sentiment increased to 1.1 in Q4 2017. Its up 0.10, from 1 in 2017Q3. It is positive, as 56 investors sold SO shares while 329 reduced holdings. 75 funds opened positions while 350 raised stakes. 548.17 million shares or 4.36% more from 525.28 million shares in 2017Q3 were reported. 57,284 were accumulated by Lincoln Natl. Compton Mgmt Inc Ri holds 4,947 shares or 0.1% of its portfolio. Hsbc Public Limited Company invested in 1.45 million shares or 0.1% of the stock. 7,631 were reported by Country Club Trust Communications Na. Investors Asset Mgmt Of Georgia Inc Ga Adv has invested 0.27% in The Southern Company (NYSE:SO). Security National Tru Communications owns 0.03% invested in The Southern Company (NYSE:SO) for 1,700 shares. Creative Planning accumulated 0.04% or 187,712 shares. American Investment Inc owns 27,487 shares. Canada Pension Plan Board reported 1.13M shares stake. Sequent Asset Mgmt Ltd Liability holds 24,829 shares. Hilltop Hldgs Inc invested 0.21% in The Southern Company (NYSE:SO). Nomura Asset Ltd reported 269,540 shares or 0.15% of all its holdings. Amica Pension Fund Board Of Trustees, a Rhode Island-based fund reported 51,552 shares. Cullinan Assoc stated it has 44,400 shares. Iowa Commercial Bank owns 22,285 shares.

Since October 20, 2017, it had 0 insider buys, and 3 insider sales for $4.03 million activity. $261,400 worth of stock was sold by Daiss Ann P on Friday, October 20. Another trade for 46,941 shares valued at $2.46M was sold by BEATTIE ART P.

Trustco Bank Corp N Y, which manages about $96.99M US Long portfolio, decreased its stake in Exxon Mobil Corp (NYSE:XOM) by 7,194 shares to 62,162 shares, valued at $5.20 million in 2017Q4, according to the filing.

Investors sentiment decreased to 0.99 in 2017 Q4. Its down 0.16, from 1.15 in 2017Q3. It dived, as 19 investors sold EQM shares while 65 reduced holdings. 26 funds opened positions while 57 raised stakes. 55.72 million shares or 2.06% less from 56.89 million shares in 2017Q3 were reported. Hite Hedge Asset Mngmt Ltd Liability Co invested in 1.75% or 135,971 shares. The Nebraska-based Nelson Van Denburg Campbell Wealth Mngmt Group has invested 0.08% in EQT Midstream Partners, LP (NYSE:EQM). Anchor Bolt Capital LP accumulated 0.35% or 133,072 shares. Advisory has invested 0.85% in EQT Midstream Partners, LP (NYSE:EQM). Moreover, Tph Asset Limited Liability has 0.4% invested in EQT Midstream Partners, LP (NYSE:EQM). Yorkville Cap Mgmt Ltd Liability Company accumulated 20,057 shares. Tiedemann Wealth holds 1.45% in EQT Midstream Partners, LP (NYSE:EQM) or 258,448 shares. Glenmede Tru Na invested in 0.01% or 46,514 shares. Cim Ltd Limited Liability Company reported 6,125 shares. Dreman Value Mngmt L L C accumulated 252 shares. Creative Planning reported 0.01% of its portfolio in EQT Midstream Partners, LP (NYSE:EQM). Castleark Management Lc invested in 0.11% or 50,340 shares. Invesco Limited holds 0% or 70,166 shares in its portfolio. Green Square Cap Limited Liability Corporation reported 0.35% in EQT Midstream Partners, LP (NYSE:EQM). Fdx Advisors accumulated 0.02% or 7,765 shares.

Walnut Private Equity Partners Llc, which manages about $144.96M and $121.72 million US Long portfolio, decreased its stake in Targa Resources Corp (NYSE:TRGP) by 35,000 shares to 81,689 shares, valued at $3.70M in 2017Q4, according to the filing.

Among 15 analysts covering EQT Midstream Partners (NYSE:EQM), 9 have Buy rating, 0 Sell and 6 Hold. Therefore 60% are positive. EQT Midstream Partners had 39 analyst reports since August 13, 2015 according to SRatingsIntel. As per Tuesday, February 27, the company rating was maintained by Barclays Capital. RBC Capital Markets maintained it with “Buy” rating and $84.0 target in Tuesday, January 16 report. The firm has “Hold” rating by Citigroup given on Monday, January 22. The stock of EQT Midstream Partners, LP (NYSE:EQM) has “Overweight” rating given on Friday, November 17 by Morgan Stanley. On Monday, October 26 the stock rating was initiated by Credit Suisse with “Outperform”. The stock has “Buy” rating by RBC Capital Markets on Tuesday, June 20. The firm has “Hold” rating by RBC Capital Markets given on Monday, February 12. The stock of EQT Midstream Partners, LP (NYSE:EQM) has “Sell” rating given on Friday, August 21 by Zacks. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, November 18. The stock of EQT Midstream Partners, LP (NYSE:EQM) has “Equal-Weight” rating given on Thursday, February 25 by Morgan Stanley.

EQT Midstream Partners, LP (NYSE:EQM) Institutional Positions Chart

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By1 Maria Brooks

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