As Portland Gen Elec Co (POR) Shares Declined, Mackenzie Financial Lifted Position by $2.06 Million; Conocophillips (COP) Holder Btc Capital Management Has Lowered Position

April 17, 2018 - By Adrian Erickson

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Mackenzie Financial Corp increased its stake in Portland Gen Elec Co (POR) by 20.84% based on its latest 2017Q4 regulatory filing with the SEC. Mackenzie Financial Corp bought 45,797 shares as the company’s stock declined 12.12% with the market. The hedge fund held 265,504 shares of the central company at the end of 2017Q4, valued at $12.10M, up from 219,707 at the end of the previous reported quarter. Mackenzie Financial Corp who had been investing in Portland Gen Elec Co for a number of months, seems to be bullish on the $3.64 billion market cap company. The stock increased 0.25% or $0.1 during the last trading session, reaching $40.8. About 159,465 shares traded. Portland General Electric Company (NYSE:POR) has declined 10.40% since April 17, 2017 and is downtrending. It has underperformed by 21.95% the S&P500.

Btc Capital Management Inc decreased its stake in Conocophillips (COP) by 5.93% based on its latest 2017Q4 regulatory filing with the SEC. Btc Capital Management Inc sold 6,045 shares as the company’s stock rose 6.56% while stock markets declined. The institutional investor held 95,952 shares of the integrated oil company at the end of 2017Q4, valued at $5.27 million, down from 101,997 at the end of the previous reported quarter. Btc Capital Management Inc who had been investing in Conocophillips for a number of months, seems to be less bullish one the $77.97B market cap company. The stock increased 1.29% or $0.85 during the last trading session, reaching $66.58. About 4.12M shares traded. ConocoPhillips (NYSE:COP) has risen 33.53% since April 17, 2017 and is uptrending. It has outperformed by 21.98% the S&P500.

Investors sentiment increased to 0.72 in Q4 2017. Its up 0.09, from 0.63 in 2017Q3. It is positive, as 42 investors sold COP shares while 534 reduced holdings. 121 funds opened positions while 296 raised stakes. 805.62 million shares or 1.13% less from 814.86 million shares in 2017Q3 were reported. Putnam Fl Investment Mgmt Company owns 0.02% invested in ConocoPhillips (NYSE:COP) for 4,728 shares. Provise Mgmt Grp Llc holds 0.05% in ConocoPhillips (NYSE:COP) or 6,070 shares. Sector Pension Board reported 136,162 shares. Aldebaran owns 8,079 shares or 0.29% of their US portfolio. Kornitzer Capital Ks reported 804,525 shares stake. Arrowstreet Capital Lp invested in 0% or 13,484 shares. Ameritas Ptnrs Inc has invested 0.07% in ConocoPhillips (NYSE:COP). The Oklahoma-based Cap Advsrs Ok has invested 0.07% in ConocoPhillips (NYSE:COP). Moreover, Liberty Mutual Gru Asset Mngmt has 0.08% invested in ConocoPhillips (NYSE:COP). Intrust Bank Na stated it has 38,993 shares. Wagner Bowman has 13,105 shares for 0.19% of their portfolio. Monroe Savings Bank Trust Mi has 550 shares. Dekabank Deutsche Girozentrale holds 0.08% or 234,525 shares. Kansas-based Waddell & Reed Financial has invested 0.16% in ConocoPhillips (NYSE:COP). Cibc Markets Corp accumulated 241,700 shares.

Analysts await ConocoPhillips (NYSE:COP) to report earnings on April, 26 before the open. They expect $0.70 earnings per share, up 3,600.00% or $0.72 from last year’s $-0.02 per share. COP’s profit will be $819.79 million for 23.78 P/E if the $0.70 EPS becomes a reality. After $0.45 actual earnings per share reported by ConocoPhillips for the previous quarter, Wall Street now forecasts 55.56% EPS growth.

Since March 29, 2018, it had 0 insider buys, and 1 sale for $1.47 million activity.

Among 25 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. ConocoPhillips had 95 analyst reports since August 4, 2015 according to SRatingsIntel. UBS maintained ConocoPhillips (NYSE:COP) rating on Friday, February 5. UBS has “Neutral” rating and $38 target. The company was maintained on Friday, March 31 by Credit Suisse. The stock has “Buy” rating by UBS on Thursday, March 30. The firm has “Buy” rating given on Thursday, November 9 by RBC Capital Markets. The stock has “Peer Perform” rating by Wolfe Research on Thursday, February 11. RBC Capital Markets maintained ConocoPhillips (NYSE:COP) rating on Monday, October 31. RBC Capital Markets has “Outperform” rating and $53 target. The rating was maintained by Argus Research with “Buy” on Wednesday, December 9. As per Tuesday, March 29, the company rating was maintained by Deutsche Bank. The firm earned “Buy” rating on Monday, February 5 by Piper Jaffray. On Friday, October 27 the stock rating was maintained by Wells Fargo with “Outperform”.

Btc Capital Management Inc, which manages about $2.73B and $580.90M US Long portfolio, upped its stake in Store Cap Corp (NYSE:STOR) by 34,048 shares to 61,352 shares, valued at $1.60M in 2017Q4, according to the filing. It also increased its holding in Carnival Corp (NYSE:CCL) by 20,241 shares in the quarter, for a total of 44,600 shares, and has risen its stake in Ishares Tr (IWB).

Since February 21, 2018, it had 0 insider purchases, and 1 insider sale for $25,008 activity.

Investors sentiment increased to 1.53 in Q4 2017. Its up 0.35, from 1.18 in 2017Q3. It is positive, as 15 investors sold POR shares while 79 reduced holdings. 43 funds opened positions while 101 raised stakes. 80.66 million shares or 1.38% less from 81.79 million shares in 2017Q3 were reported. M&T Natl Bank Corporation invested in 0% or 4,392 shares. Geode Capital Ltd invested in 859,597 shares or 0.01% of the stock. Numeric Limited Liability Corp has 625,800 shares. Amer Century Incorporated invested 0.02% in Portland General Electric Company (NYSE:POR). Renaissance Tech Ltd Liability Corp stated it has 1.84 million shares or 0.09% of all its holdings. Millennium Limited Liability Co has 0.09% invested in Portland General Electric Company (NYSE:POR). Royal Bancorporation Of Canada has 0.02% invested in Portland General Electric Company (NYSE:POR). California-based Clarivest Asset Mngmt Ltd Com has invested 0.05% in Portland General Electric Company (NYSE:POR). Wedge Cap Management L Limited Partnership Nc stated it has 0.28% of its portfolio in Portland General Electric Company (NYSE:POR). Ny State Common Retirement Fund accumulated 0.02% or 282,869 shares. American Grp accumulated 60,293 shares. Jacobs Levy Equity has invested 0.02% in Portland General Electric Company (NYSE:POR). New York State Teachers Retirement owns 7,900 shares. California Employees Retirement owns 196,754 shares for 0.01% of their portfolio. Regions Fincl Corporation reported 7,091 shares.

Among 11 analysts covering Portland General Electric (NYSE:POR), 2 have Buy rating, 5 Sell and 4 Hold. Therefore 18% are positive. Portland General Electric had 24 analyst reports since July 28, 2015 according to SRatingsIntel. Bank of America downgraded the shares of POR in report on Tuesday, November 22 to “Underperform” rating. As per Monday, July 24, the company rating was downgraded by Williams Capital Group. KeyBanc Capital Markets maintained the stock with “Hold” rating in Thursday, October 12 report. The stock has “Neutral” rating by Bank of America on Tuesday, February 20. The firm has “Sell” rating by Goldman Sachs given on Monday, June 6. The stock has “Neutral” rating by JP Morgan on Friday, December 16. The stock has “Neutral” rating by JP Morgan on Monday, October 30. The stock has “Hold” rating by Williams Capital Group on Friday, August 5. JP Morgan maintained the shares of POR in report on Thursday, January 25 with “Neutral” rating. The stock of Portland General Electric Company (NYSE:POR) has “Underweight” rating given on Monday, January 4 by Barclays Capital.

Mackenzie Financial Corp, which manages about $61.70B and $41.43 billion US Long portfolio, decreased its stake in Danaher Corp Del (NYSE:DHR) by 131,207 shares to 1.73M shares, valued at $160.63 million in 2017Q4, according to the filing. It also reduced its holding in Ansys Inc (NASDAQ:ANSS) by 39,449 shares in the quarter, leaving it with 29,551 shares, and cut its stake in Newmont Mining Corp (NYSE:NEM).

ConocoPhillips (NYSE:COP) Institutional Positions Chart

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