Rare Infrastructure LTD Stake in American Elec Pwr (AEP) Lowered by $36.96 Million as Stock Price Declined; Gmt Capital Has Increased Now (DNOW) Position

May 25, 2018 - By Michael Collier

NOW Inc. (NYSE:DNOW) Logo

Thomas E. Claugus increased its stake in Now Inc (DNOW) by 871.46% based on its latest 2017Q4 regulatory filing with the SEC. Gmt Capital Corp bought 2.28 million shares as the company’s stock declined 9.82% with the market. The hedge fund run by Thomas E. Claugus held 2.54 million shares of the metal fabrications company at the end of 2017Q4, valued at $28.01 million, up from 261,400 at the end of the previous reported quarter. Gmt Capital Corp who had been investing in Now Inc for a number of months, seems to be bullish on the $1.58B market cap company. It closed at $14.59 lastly. It is down 37.02% since May 25, 2017 and is downtrending. It has underperformed by 48.57% the S&P500.

Rare Infrastructure Ltd decreased its stake in American Elec Pwr Inc (AEP) by 98.98% based on its latest 2017Q4 regulatory filing with the SEC. Rare Infrastructure Ltd sold 506,273 shares as the company’s stock declined 7.09% with the market. The institutional investor held 5,222 shares of the public utilities company at the end of 2017Q4, valued at $385,000, down from 511,495 at the end of the previous reported quarter. Rare Infrastructure Ltd who had been investing in American Elec Pwr Inc for a number of months, seems to be less bullish one the $32.92B market cap company. The stock increased 0.56% or $0.37 during the last trading session, reaching $66.84. About 2.44 million shares traded. American Electric Power Company, Inc. (NYSE:AEP) has risen 1.09% since May 25, 2017 and is uptrending. It has underperformed by 10.46% the S&P500.

Since May 4, 2018, it had 0 insider buys, and 1 sale for $50,203 activity.

Among 21 analysts covering American Electric Power Company Inc. (NYSE:AEP), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. American Electric Power Company Inc. had 76 analyst reports since August 18, 2015 according to SRatingsIntel. Jefferies maintained American Electric Power Company, Inc. (NYSE:AEP) rating on Friday, June 17. Jefferies has “Buy” rating and $75 target. The stock of American Electric Power Company, Inc. (NYSE:AEP) has “Buy” rating given on Friday, October 23 by Jefferies. On Friday, July 28 the stock rating was maintained by BMO Capital Markets with “Outperform”. The stock has “Buy” rating by Macquarie Research on Monday, January 22. The firm earned “Buy” rating on Thursday, May 24 by Argus Research. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, August 10. The firm earned “Buy” rating on Tuesday, July 26 by Goldman Sachs. The firm earned “Overweight” rating on Wednesday, April 18 by KeyBanc Capital Markets. Citigroup initiated the shares of AEP in report on Thursday, October 15 with “Neutral” rating. On Thursday, September 17 the stock rating was maintained by Jefferies with “Buy”.

Rare Infrastructure Ltd, which manages about $1.26B US Long portfolio, upped its stake in Williams Cos Inc Del (NYSE:WMB) by 636,692 shares to 3.33M shares, valued at $101.64 million in 2017Q4, according to the filing. It also increased its holding in Union Pac Corp (NYSE:UNP) by 269,712 shares in the quarter, for a total of 569,993 shares, and has risen its stake in Transcanada Corp (NYSE:TRP).

Investors sentiment decreased to 1.08 in 2017 Q4. Its down 0.05, from 1.13 in 2017Q3. It worsened, as 42 investors sold AEP shares while 267 reduced holdings. 96 funds opened positions while 238 raised stakes. 345.12 million shares or 1.09% more from 341.39 million shares in 2017Q3 were reported. Gofen And Glossberg Limited Co Il holds 0.01% of its portfolio in American Electric Power Company, Inc. (NYSE:AEP) for 2,790 shares. Credit Suisse Ag has invested 0.08% in American Electric Power Company, Inc. (NYSE:AEP). South Dakota Council holds 0.06% or 34,600 shares in its portfolio. Victory Mngmt Inc has invested 0% in American Electric Power Company, Inc. (NYSE:AEP). 2,778 are held by Acg Wealth. Amica Pension Fund Board Of Trustees holds 0.16% or 19,115 shares in its portfolio. Loomis Sayles And Lp accumulated 47,184 shares or 0.01% of the stock. Moreover, Stifel has 0.05% invested in American Electric Power Company, Inc. (NYSE:AEP) for 206,687 shares. 1,486 were reported by Blume. Gp One Trading Lp invested in 5,175 shares or 0% of the stock. The Germany-based Dekabank Deutsche Girozentrale has invested 0.25% in American Electric Power Company, Inc. (NYSE:AEP). Parametric Port Assocs Limited Liability Corp accumulated 1.56M shares or 0.11% of the stock. 40,263 are held by First Bancorp Of Mount Dora Tru Investment. Ny State Common Retirement Fund has 1.35 million shares for 0.12% of their portfolio. Gemmer Asset Mngmt holds 0.01% or 545 shares in its portfolio.

More important recent American Electric Power Company, Inc. (NYSE:AEP) news were published by: Seekingalpha.com which released: “American Electric Power (AEP) Q1 2018 Results – Earnings Call Transcript” on April 26, 2018, also Seekingalpha.com published article titled: “American Electric Power Q1 Review”, Prnewswire.com published: “AEP Names Smoak President And COO Of SWEPCO” on May 14, 2018. More interesting news about American Electric Power Company, Inc. (NYSE:AEP) was released by: Seekingalpha.com and their article: “Don’t Buy L Brands – Cramer’s Lightning Round (5/15/18)” with publication date: May 16, 2018.

Analysts await American Electric Power Company, Inc. (NYSE:AEP) to report earnings on July, 26. They expect $0.80 EPS, up 6.67% or $0.05 from last year’s $0.75 per share. AEP’s profit will be $394.02 million for 20.89 P/E if the $0.80 EPS becomes a reality. After $0.96 actual EPS reported by American Electric Power Company, Inc. for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth.

Another recent and important NOW Inc. (NYSE:DNOW) news was published by Seekingalpha.com which published an article titled: “Time To Buy NOW Inc.” on May 09, 2018.

Investors sentiment decreased to 1.09 in 2017 Q4. Its down 0.13, from 1.22 in 2017Q3. It fall, as 27 investors sold DNOW shares while 74 reduced holdings. 36 funds opened positions while 74 raised stakes. 117.25 million shares or 6.86% more from 109.72 million shares in 2017Q3 were reported. Etrade Cap Ltd Liability Corporation, a New York-based fund reported 11,996 shares. Janney Montgomery Scott Limited Liability Company has 50,443 shares. Balyasny Asset Mgmt Limited Liability Corp invested in 0.05% or 1.31M shares. 1.88M were accumulated by Cooke And Bieler L P. Vanguard Grp Incorporated stated it has 9.23M shares or 0% of all its holdings. Advantus Capital Mgmt reported 13,261 shares. Ny State Common Retirement Fund holds 0% or 182,756 shares in its portfolio. Cushing Asset Mngmt Ltd Partnership invested 0% of its portfolio in NOW Inc. (NYSE:DNOW). Tru Of Vermont owns 86,693 shares or 0.09% of their US portfolio. Focused Wealth stated it has 0% in NOW Inc. (NYSE:DNOW). Moreover, Contravisory Invest Mgmt has 0% invested in NOW Inc. (NYSE:DNOW). Black Creek Investment Mngmt accumulated 1.51% or 3.65 million shares. South Dakota Invest Council reported 0.16% in NOW Inc. (NYSE:DNOW). Swiss Comml Bank has 0% invested in NOW Inc. (NYSE:DNOW). Carroll Financial reported 0% of its portfolio in NOW Inc. (NYSE:DNOW).

Gmt Capital Corp, which manages about $9.19 billion and $4.91B US Long portfolio, decreased its stake in Lkq Corp (NASDAQ:LKQ) by 344,100 shares to 1.04 million shares, valued at $42.29 million in 2017Q4, according to the filing. It also reduced its holding in Berkshire Hathaway Inc Del (BRKB) by 53,500 shares in the quarter, leaving it with 287,300 shares, and cut its stake in U S G Corp (NYSE:USG).

Since March 6, 2018, it had 1 insider purchase, and 0 selling transactions for $300,061 activity.

Among 11 analysts covering Now Inc (NYSE:DNOW), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Now Inc had 46 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was downgraded by Seaport Global on Wednesday, June 21 to “Neutral”. Stifel Nicolaus maintained NOW Inc. (NYSE:DNOW) on Thursday, May 3 with “Buy” rating. The company was maintained on Friday, October 6 by Cowen & Co. KeyBanc Capital Markets maintained the stock with “Buy” rating in Friday, September 15 report. Robert W. Baird upgraded the shares of DNOW in report on Wednesday, April 26 to “Outperform” rating. The company was maintained on Sunday, December 10 by Stifel Nicolaus. As per Thursday, February 15, the company rating was maintained by KeyBanc Capital Markets. The firm has “Hold” rating by Cowen & Co given on Thursday, May 3. The firm earned “Buy” rating on Thursday, February 15 by Stifel Nicolaus. The rating was downgraded by Robert W. Baird to “Neutral” on Friday, October 13.

American Electric Power Company, Inc. (NYSE:AEP) Institutional Positions Chart

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