As Us Bancorp Del (USB) Share Price Declined, Holder Kayne Anderson Rudnick Investment Management Cut Position by $511,836; Center Coast Capital Advisors LP Boosted Position in Enbridge Energy Partners LP (EEP) by $33.84 Million

November 15, 2017 - By Nellie Frank

Center Coast Capital Advisors Lp increased its stake in Enbridge Energy Partners Lp (EEP) by 60.15% based on its latest 2017Q2 regulatory filing with the SEC. Center Coast Capital Advisors Lp bought 2.26M shares as the company’s stock declined 3.34% while stock markets rallied. The hedge fund held 6.01 million shares of the energy company at the end of 2017Q2, valued at $96.11M, up from 3.75M at the end of the previous reported quarter. Center Coast Capital Advisors Lp who had been investing in Enbridge Energy Partners Lp for a number of months, seems to be bullish on the $4.50 billion market cap company. The stock declined 2.41% or $0.34 reaching $13.78 on the news. About 280,365 shares traded. Enbridge Energy Partners, L.P. (NYSE:EEP) has declined 18.43% since November 15, 2016 and is downtrending. It has underperformed by 35.13% the S&P500.

Kayne Anderson Rudnick Investment Management Llc decreased its stake in Us Bancorp Del (USB) by 2.32% based on its latest 2017Q2 regulatory filing with the SEC. Kayne Anderson Rudnick Investment Management Llc sold 10,036 shares as the company’s stock declined 6.89% while stock markets rallied. The institutional investor held 421,786 shares of the major banks company at the end of 2017Q2, valued at $21.90 million, down from 431,822 at the end of the previous reported quarter. Kayne Anderson Rudnick Investment Management Llc who had been investing in Us Bancorp Del for a number of months, seems to be less bullish one the $85.83 billion market cap company. The stock declined 0.21% or $0.11 reaching $51.72 per share. About 404,687 shares traded. U.S. Bancorp (NYSE:USB) has risen 23.07% since November 15, 2016 and is uptrending. It has outperformed by 6.37% the S&P500.

Analysts await U.S. Bancorp (NYSE:USB) to report earnings on January, 17. They expect $0.88 EPS, up 7.32% or $0.06 from last year’s $0.82 per share. USB’s profit will be $1.46B for 14.69 P/E if the $0.88 EPS becomes a reality. After $0.88 actual EPS reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More notable recent U.S. Bancorp (NYSE:USB) news were published by: Fool.com which released: “US Bancorp is now in a class all by itself” on October 19, 2017, also Businesswire.com with their article: “US Bancorp to Speak at the Bank of America Merrill Lynch Future of Financials …” published on November 06, 2017, Seekingalpha.com published: “Renewed Operating Leverage From US Bancorp Nice To See” on October 20, 2017. More interesting news about U.S. Bancorp (NYSE:USB) were released by: Seekingalpha.com and their article: “US Bancorp’s (USB) CEO Andy Cecere on Q3 2017 Results – Earnings Call Transcript” published on October 18, 2017 as well as Twincities.com‘s news article titled: “US Bancorp sees record earnings” with publication date: October 19, 2017.

Investors sentiment decreased to 0.9 in 2017 Q2. Its down 0.01, from 0.91 in 2017Q1. It fall, as 48 investors sold USB shares while 458 reduced holdings. 93 funds opened positions while 362 raised stakes. 1.21 billion shares or 2.75% less from 1.24 billion shares in 2017Q1 were reported. Natixis holds 0.74% of its portfolio in U.S. Bancorp (NYSE:USB) for 1.25M shares. Girard Partners Limited has invested 0.26% in U.S. Bancorp (NYSE:USB). Suffolk Capital Management Limited Liability Corporation reported 5,215 shares. Cohen Lawrence B holds 3.24% or 97,563 shares in its portfolio. Vision Mgmt stated it has 10,354 shares. Moreover, Aviva Public Ltd Liability Corp has 0.33% invested in U.S. Bancorp (NYSE:USB). Private Trust Na reported 43,718 shares. South Dakota Council has invested 1.38% in U.S. Bancorp (NYSE:USB). Opus Capital Gp Ltd Llc holds 3,881 shares or 0.04% of its portfolio. Lawson Kroeker Mngmt Ne invested 0.22% in U.S. Bancorp (NYSE:USB). Renaissance Investment Grp Ltd has 2.48% invested in U.S. Bancorp (NYSE:USB) for 109,076 shares. Altfest L J & Incorporated holds 0.48% or 15,230 shares in its portfolio. Schroder Investment Mgmt Gru invested in 1.78 million shares or 0.17% of the stock. Kidder Stephen W has invested 0.14% in U.S. Bancorp (NYSE:USB). Cambridge Tru invested in 2.64% or 735,470 shares.

Kayne Anderson Rudnick Investment Management Llc, which manages about $9.04 billion and $10.02B US Long portfolio, upped its stake in Intl Flavors & Fragr (NYSE:IFF) by 2,237 shares to 24,637 shares, valued at $3.33 million in 2017Q2, according to the filing. It also increased its holding in Rockwell Automation (NYSE:ROK) by 2,335 shares in the quarter, for a total of 78,586 shares, and has risen its stake in Re/Max Holdings (NYSE:RMAX).

Among 29 analysts covering U.S. Bancorp (NYSE:USB), 7 have Buy rating, 2 Sell and 20 Hold. Therefore 24% are positive. U.S. Bancorp had 72 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of U.S. Bancorp (NYSE:USB) earned “Hold” rating by Piper Jaffray on Sunday, September 17. On Monday, November 14 the stock rating was downgraded by Morgan Stanley to “Underweight”. Morgan Stanley maintained the stock with “Underweight” rating in Thursday, October 19 report. The stock has “Buy” rating by RBC Capital Markets on Thursday, June 22. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, September 7. JP Morgan maintained the stock with “Neutral” rating in Thursday, April 7 report. The company was maintained on Friday, August 11 by Keefe Bruyette & Woods. The stock of U.S. Bancorp (NYSE:USB) earned “Buy” rating by Societe Generale on Tuesday, March 22. The firm earned “Outperform” rating on Thursday, January 14 by Robert W. Baird. The stock of U.S. Bancorp (NYSE:USB) has “Buy” rating given on Thursday, July 27 by RBC Capital Markets.

Center Coast Capital Advisors Lp, which manages about $3.24 billion and $3.93 billion US Long portfolio, decreased its stake in Tesoro Logistics Lp (NYSE:TLLP) by 299,592 shares to 5.77 million shares, valued at $298.03 million in 2017Q2, according to the filing. It also reduced its holding in Tc Pipelines Lp (NYSE:TCP) by 69,833 shares in the quarter, leaving it with 3.78 million shares, and cut its stake in Kinder Morgan Inc Del Com (NYSE:KMI).

Among 18 analysts covering Enbridge Energy Partners (NYSE:EEP), 7 have Buy rating, 0 Sell and 11 Hold. Therefore 39% are positive. Enbridge Energy Partners had 41 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs upgraded the stock to “Neutral” rating in Monday, September 19 report. The firm has “Outperform” rating by FBR Capital given on Friday, September 9. Morgan Stanley initiated it with “Underweight” rating and $17 target in Thursday, February 25 report. The firm earned “Hold” rating on Sunday, October 22 by RBC Capital Markets. The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) earned “Equal-Weight” rating by Barclays Capital on Monday, October 12. The firm has “Outperform” rating given on Thursday, February 18 by Credit Suisse. The company was downgraded on Wednesday, January 25 by National Bank Canada. The firm has “Neutral” rating by JP Morgan given on Friday, June 23. As per Wednesday, September 7, the company rating was upgraded by Simmons & Co. Credit Suisse downgraded Enbridge Energy Partners, L.P. (NYSE:EEP) on Tuesday, November 3 to “Neutral” rating.

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