Winch Advisory Services Has Cut Verizon Communications Com (VZ) Stake; Tallgrass Energy Partners LP (TEP)’s Sentiment Is 1.11

May 25, 2018 - By reb123z

Verizon Communications Inc. (NYSE:VZ) Logo

Winch Advisory Services Llc decreased Verizon Communications Com (VZ) stake by 11.77% reported in 2017Q4 SEC filing. Winch Advisory Services Llc sold 10,836 shares as Verizon Communications Com (VZ)’s stock declined 11.05%. The Winch Advisory Services Llc holds 81,263 shares with $4.30 million value, down from 92,099 last quarter. Verizon Communications Com now has $200.48B valuation. The stock decreased 0.25% or $0.12 during the last trading session, reaching $48.52. About 7.94 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since May 25, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Tallgrass Energy Partners LP (TEP) investors sentiment decreased to 1.11 in 2017 Q4. It’s down -0.10, from 1.21 in 2017Q3. The ratio turned negative, as 63 hedge funds increased or started new holdings, while 57 reduced and sold positions in Tallgrass Energy Partners LP. The hedge funds in our database reported: 42.76 million shares, down from 43.51 million shares in 2017Q3. Also, the number of hedge funds holding Tallgrass Energy Partners LP in top ten holdings decreased from 6 to 5 for a decrease of 1. Sold All: 16 Reduced: 41 Increased: 44 New Position: 19.

The stock decreased 0.44% or $0.19 during the last trading session, reaching $42.56. About 186,540 shares traded. Tallgrass Energy Partners, LP (TEP) has declined 27.73% since May 25, 2017 and is downtrending. It has underperformed by 39.28% the S&P500.

More notable recent Tallgrass Energy Partners, LP (NYSE:TEP) news were published by: Seekingalpha.com which released: “Tallgrass Energy Partners’ (TEP) CEO David Dehaemers on Q1 2018 Results – Earnings Call Transcript” on May 04, 2018, also Seekingalpha.com with their article: “Verizon Could Go To $50-51 – Cramer’s Lightning Round (5/10/18)” published on May 11, 2018, Seekingalpha.com published: “Energy Infrastructure Earnings Rise With Volumes” on May 07, 2018. More interesting news about Tallgrass Energy Partners, LP (NYSE:TEP) were released by: Businesswire.com and their article: “Tallgrass Energy Reports Strong First Quarter 2018 Results” published on May 03, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” with publication date: May 17, 2018.

Rr Advisors Llc holds 6.53% of its portfolio in Tallgrass Energy Partners, LP for 1.03 million shares. Samson Capital Management Llc owns 101,669 shares or 5.05% of their US portfolio. Moreover, Oxbow Advisors Llc has 4.7% invested in the company for 547,113 shares. The Texas-based Salient Capital Advisors Llc has invested 3.74% in the stock. Heronetta Management L.P., a New York-based fund reported 110,100 shares.

Analysts await Tallgrass Energy Partners, LP (NYSE:TEP) to report earnings on August, 1. They expect $0.56 earnings per share, down 22.22% or $0.16 from last year’s $0.72 per share. TEP’s profit will be $41.46M for 19.00 P/E if the $0.56 EPS becomes a reality. After $0.91 actual earnings per share reported by Tallgrass Energy Partners, LP for the previous quarter, Wall Street now forecasts -38.46% negative EPS growth.

Tallgrass Energy Partners, LP acquires, owns, develops, and operates midstream energy assets in North America. The company has market cap of $3.15 billion. It operates in three divisions: Crude Oil Transportation & Logistics, Natural Gas Transportation & Logistics, and Processing & Logistics. It has a 10.91 P/E ratio. The Crude Oil Transportation & Logistics segment engages in the ownership and operation of the Pony Express System, a crude oil pipeline serving the Bakken Shale, Denver-Julesburg, and Powder River Basins, as well as other nearby oil producing basins.

Among 31 analysts covering Verizon Communications Inc. (NYSE:VZ), 15 have Buy rating, 0 Sell and 16 Hold. Therefore 48% are positive. Verizon Communications Inc. had 84 analyst reports since July 22, 2015 according to SRatingsIntel. J.P. Morgan upgraded it to “Buy” rating and $5800 target in Friday, May 11 report. Barclays Capital maintained the shares of VZ in report on Friday, July 14 with “Hold” rating. On Tuesday, January 16 the stock rating was downgraded by Moffett Nathanson to “Neutral”. The rating was maintained by RBC Capital Markets on Wednesday, September 30 with “Outperform”. On Wednesday, July 27 the stock rating was downgraded by Hilliard Lyons to “Neutral”. The firm has “Hold” rating by SunTrust given on Friday, October 20. Argus Research maintained Verizon Communications Inc. (NYSE:VZ) rating on Wednesday, October 21. Argus Research has “Buy” rating and $53 target. JP Morgan upgraded Verizon Communications Inc. (NYSE:VZ) on Friday, May 11 to “Overweight” rating. On Thursday, January 19 the stock rating was initiated by HSBC with “Buy”. The stock of Verizon Communications Inc. (NYSE:VZ) has “Buy” rating given on Monday, January 22 by Scotia Capital.

Winch Advisory Services Llc increased Celgene Corp Com (NASDAQ:CELG) stake by 5,150 shares to 13,500 valued at $1.41M in 2017Q4. It also upped Ishares Msci Emerging Mkts Etf (EEM) stake by 12,407 shares and now owns 79,169 shares. Berkshire Hathaway Inc Del Com Cl B (BRKB) was raised too.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Globenewswire.com which released: “Verizon holds sellside analyst meeting” on May 21, 2018, also Globenewswire.com with their article: “Verizon to repurchase debt securities” published on May 11, 2018, Globenewswire.com published: “Verizon to speak at JP Morgan conference May 16” on May 15, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Globenewswire.com and their article: “Verizon collapses key network elements, improving efficiency and customer functionality” published on April 30, 2018 as well as Globenewswire.com‘s news article titled: “My Verizon App is now available en español” with publication date: May 01, 2018.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on July, 26. They expect $1.14 EPS, up 18.75% or $0.18 from last year’s $0.96 per share. VZ’s profit will be $4.71 billion for 10.64 P/E if the $1.14 EPS becomes a reality. After $1.17 actual EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -2.56% negative EPS growth.

Since February 13, 2018, it had 0 insider buys, and 2 selling transactions for $444,552 activity. Skiadas Anthony T sold $97,595 worth of stock.

Investors sentiment increased to 1.02 in 2017 Q4. Its up 0.14, from 0.88 in 2017Q3. It is positive, as 57 investors sold VZ shares while 662 reduced holdings. 141 funds opened positions while 592 raised stakes. 2.54 billion shares or 0.48% more from 2.53 billion shares in 2017Q3 were reported. Wealth Architects Lc reported 11,582 shares. 2.65 million are held by British Columbia Inv. 3.43M were accumulated by State Of New Jersey Common Pension Fund D. Capwealth Advsr Ltd Liability Co holds 1.48% or 155,375 shares. Lord Abbett Ltd Liability Co stated it has 0.43% in Verizon Communications Inc. (NYSE:VZ). Btim Corp reported 57,169 shares. Ironwood Counsel invested in 0.41% or 21,243 shares. Crestwood Advsr Group Limited Liability Company invested in 11,074 shares. Amundi Pioneer Asset stated it has 0.28% in Verizon Communications Inc. (NYSE:VZ). First Allied Advisory Services Inc owns 0.61% invested in Verizon Communications Inc. (NYSE:VZ) for 288,011 shares. Alley Co Ltd Liability Corporation holds 83,398 shares. Grandfield Dodd Lc holds 0.07% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 12,183 shares. Gemmer Asset Mngmt Ltd Liability Corp has invested 0.54% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Georgia-based Benedict Financial Advsr has invested 1.56% in Verizon Communications Inc. (NYSE:VZ). Mogy Joel R Counsel holds 1.8% or 217,772 shares.

Verizon Communications Inc. (NYSE:VZ) Institutional Positions Chart

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