First Eagle Investment Management Has Cut By $19.39 Million Its Semgroup (SEMG) Stake; Madison Gas & Electric Co (MGEE) Has 1.22 Sentiment

November 14, 2017 - By Richard Conner

First Eagle Investment Management Llc decreased Semgroup Corp (SEMG) stake by 61.9% reported in 2017Q2 SEC filing. First Eagle Investment Management Llc sold 745,957 shares as Semgroup Corp (SEMG)’s stock declined 17.35%. The First Eagle Investment Management Llc holds 459,123 shares with $12.40M value, down from 1.21 million last quarter. Semgroup Corp now has $1.83 billion valuation. The stock declined 0.43% or $0.1 reaching $23.3 per share. About 539,019 shares traded. SemGroup Corp (NYSE:SEMG) has risen 7.33% since November 14, 2016 and is uptrending. It has underperformed by 9.37% the S&P500.

MGE Energy, Inc. is a public utility holding company. The company has market cap of $2.26 billion. The Firm operates through five divisions: Regulated electric utility operations; Regulated gas utility operations; Nonregulated energy operations; Transmission investments, and All other. It has a 29.68 P/E ratio. The Regulated electric utility activities segment is engaged in generating, purchasing and distributing electricity through Madison Gas and Electric Company (MGE).

Among 9 analysts covering SemGroup (NYSE:SEMG), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. SemGroup had 25 analyst reports since August 10, 2015 according to SRatingsIntel. Barclays Capital initiated SemGroup Corp (NYSE:SEMG) on Wednesday, November 25 with “Overweight” rating. On Monday, December 7 the stock rating was initiated by Wells Fargo with “Outperform”. The rating was maintained by SunTrust on Thursday, November 9 with “Buy”. The firm has “Buy” rating by Goldman Sachs given on Thursday, August 25. The rating was maintained by RBC Capital Markets on Wednesday, November 11 with “Outperform”. Citigroup initiated the shares of SEMG in report on Thursday, November 3 with “Neutral” rating. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, October 1. The rating was upgraded by Barclays Capital to “Overweight” on Tuesday, June 13. RBC Capital Markets maintained it with “Outperform” rating and $39 target in Tuesday, May 10 report. The stock of SemGroup Corp (NYSE:SEMG) has “Buy” rating given on Sunday, August 27 by RBC Capital Markets.

Since June 1, 2017, it had 3 insider purchases, and 1 sale for $565,545 activity. Another trade for 3,824 shares valued at $100,112 was bought by Conner Carlin G.. 1,470 shares were sold by Barpoulis Sarah Morrison, worth $46,232 on Thursday, June 1. Fitzgerald Robert N had bought 3,500 shares worth $91,665 on Thursday, June 8. MCADAM WILLIAM J had bought 15,000 shares worth $420,000.

First Eagle Investment Management Llc increased Eldorado Gold Corp New (NYSE:EGO) stake by 1.28M shares to 7.72 million valued at $20.48M in 2017Q2. It also upped National Oilwell Varco Inc (NYSE:NOV) stake by 452,148 shares and now owns 26.51M shares. Suncor Energy Inc New (NYSE:SU) was raised too.

Investors sentiment increased to 1.11 in Q2 2017. Its up 0.10, from 1.01 in 2017Q1. It increased, as 38 investors sold SEMG shares while 42 reduced holdings. 23 funds opened positions while 66 raised stakes. 69.13 million shares or 0.59% more from 68.73 million shares in 2017Q1 were reported. 51,501 are owned by Manufacturers Life The. State Street Corp invested 0% in SemGroup Corp (NYSE:SEMG). Tortoise Advsr Ltd Liability Corp has invested 0.44% in SemGroup Corp (NYSE:SEMG). The New York-based Jennison Assoc Limited Co has invested 0.06% in SemGroup Corp (NYSE:SEMG). Vanguard Gp holds 0.01% or 5.49M shares in its portfolio. Zimmer Prns Lp holds 223,100 shares. Nbw Capital Lc owns 245,793 shares for 1.84% of their portfolio. Amalgamated Natl Bank reported 0.01% in SemGroup Corp (NYSE:SEMG). Zebra Management has invested 0.09% of its portfolio in SemGroup Corp (NYSE:SEMG). Moreover, Asset One has 0% invested in SemGroup Corp (NYSE:SEMG). Wells Fargo & Communication Mn reported 174,485 shares. The New York-based First Eagle Investment Mngmt Limited Liability Corporation has invested 0.03% in SemGroup Corp (NYSE:SEMG). 30,557 are owned by Voya Investment Management Ltd Liability Com. Catalyst Advsr Limited Liability Co reported 210,248 shares. Highbridge Management Ltd invested in 0.01% or 27,104 shares.

Analysts await SemGroup Corp (NYSE:SEMG) to report earnings on February, 22. They expect $0.47 earnings per share, up 161.11% or $0.29 from last year’s $0.18 per share. SEMG’s profit will be $36.91M for 12.39 P/E if the $0.47 EPS becomes a reality. After $0.60 actual earnings per share reported by SemGroup Corp for the previous quarter, Wall Street now forecasts -21.67% negative EPS growth.

Oarsman Capital Inc. holds 0.95% of its portfolio in MGE Energy, Inc. for 32,452 shares. Dean Investment Associates Llc owns 77,445 shares or 0.84% of their US portfolio. Moreover, Zebra Capital Management Llc has 0.8% invested in the company for 40,236 shares. The New Jersey-based Pathstone Family Office Llc has invested 0.4% in the stock. Silvercrest Asset Management Group Llc, a New York-based fund reported 582,658 shares.

About 13,895 shares traded. MGE Energy, Inc. (MGEE) has risen 26.70% since November 14, 2016 and is uptrending. It has outperformed by 10.00% the S&P500.

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