Dominion Energy (D) Holder M&T Bank Has Cut Its Holding by $12.59 Million as Shares Rose; As Delta Air Lines Del (DAL) Stock Declined, Cyrus Capital Partners LP Has Upped Its Holding by $18.21 Million

February 16, 2018 - By Ellis Scott

Stephen C. Freidheim increased its stake in Delta Air Lines Inc Del (DAL) by 11.8% based on its latest 2017Q3 regulatory filing with the SEC. Cyrus Capital Partners Lp bought 379,429 shares as the company’s stock declined 5.91% while stock markets rallied. The hedge fund run by Stephen C. Freidheim held 3.59M shares of the transportation company at the end of 2017Q3, valued at $173.33M, up from 3.22M at the end of the previous reported quarter. Cyrus Capital Partners Lp who had been investing in Delta Air Lines Inc Del for a number of months, seems to be bullish on the $37.73B market cap company. The stock increased 0.33% or $0.1752 during the last trading session, reaching $53.1252. About 536,753 shares traded. Delta Air Lines, Inc. (NYSE:DAL) has risen 11.83% since February 16, 2017 and is uptrending. It has underperformed by 4.87% the S&P500.

M&T Bank Corp decreased its stake in Dominion Energy Inc (D) by 38.6% based on its latest 2017Q3 regulatory filing with the SEC. M&T Bank Corp sold 165,687 shares as the company’s stock rose 6.53% with the market. The institutional investor held 263,589 shares of the public utilities company at the end of 2017Q3, valued at $20.28 million, down from 429,276 at the end of the previous reported quarter. M&T Bank Corp who had been investing in Dominion Energy Inc for a number of months, seems to be less bullish one the $48.54 billion market cap company. The stock decreased 0.15% or $0.11 during the last trading session, reaching $75.31. About 376,814 shares traded. Dominion Energy, Inc. (NYSE:D) has risen 10.88% since February 16, 2017 and is uptrending. It has underperformed by 5.82% the S&P500.

Since October 12, 2017, it had 1 buy, and 12 insider sales for $26.14 million activity. Jacobson Paul A had sold 42,900 shares worth $2.40 million. Smith Joanne D sold 894 shares worth $50,511. Sear Steven M also sold $365,628 worth of Delta Air Lines, Inc. (NYSE:DAL) on Thursday, October 12. BLAKE FRANCIS S bought $200,193 worth of stock. 31,600 shares valued at $1.76M were sold by HAUENSTEIN GLEN W on Friday, December 15. Another trade for 9,000 shares valued at $504,540 was sold by West W Gilbert.

Cyrus Capital Partners Lp, which manages about $4.12 billion and $771.72 million US Long portfolio, decreased its stake in Ally Finl Inc (NYSE:ALLY) by 1.39M shares to 7.71 million shares, valued at $187.12 million in 2017Q3, according to the filing.

Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.17, from 0.98 in 2017Q2. It increased, as 69 investors sold DAL shares while 247 reduced holdings. 92 funds opened positions while 271 raised stakes. 589.14 million shares or 3.18% less from 608.49 million shares in 2017Q2 were reported. Cibc World Mkts Corp, New York-based fund reported 97,035 shares. 378,997 were reported by Mackay Shields Lc. Cambridge Investment reported 38,343 shares stake. Blair William And Il holds 0% or 8,498 shares in its portfolio. 1,000 were accumulated by Highlander Mgmt Limited Liability Corp. Lee Danner Bass holds 0.52% or 99,616 shares in its portfolio. Hartford Invest Management owns 162,345 shares or 0.15% of their US portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Corporation reported 353,600 shares. Everence Mgmt reported 18,080 shares stake. D E Shaw And Co holds 922,363 shares or 0.07% of its portfolio. Cibc Markets holds 0.01% or 42,589 shares in its portfolio. 334,696 are owned by Meag Munich Ergo Kapitalanlagegesellschaft Mbh. Exxonmobil Mngmt Tx stated it has 0.15% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL). Engines Advsrs Limited Liability owns 5,671 shares. Honeywell holds 0.81% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) for 476,100 shares.

Among 20 analysts covering Delta Air Lines (NYSE:DAL), 20 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Delta Air Lines had 68 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating by Deutsche Bank given on Friday, July 15. The company was initiated on Friday, November 18 by Citigroup. Imperial Capital maintained the shares of DAL in report on Friday, October 14 with “In-Line” rating. The rating was maintained by Cowen & Co with “Outperform” on Thursday, September 28. Stephens maintained the stock with “Buy” rating in Monday, December 18 report. The firm has “Outperform” rating given on Friday, January 13 by Cowen & Co. The firm has “Buy” rating by Deutsche Bank given on Monday, December 5. Cowen & Co maintained it with “Buy” rating and $66.0 target in Friday, December 15 report. Imperial Capital maintained Delta Air Lines, Inc. (NYSE:DAL) on Tuesday, November 22 with “In-Line” rating. The firm has “Buy” rating given on Friday, January 12 by Imperial Capital.

Among 20 analysts covering Dominion Midstream (NYSE:D), 11 have Buy rating, 1 Sell and 8 Hold. Therefore 55% are positive. Dominion Midstream had 39 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Dominion Energy, Inc. (NYSE:D) earned “Overweight” rating by JP Morgan on Thursday, December 14. Goldman Sachs downgraded the stock to “Sell” rating in Friday, September 11 report. RBC Capital Markets maintained Dominion Energy, Inc. (NYSE:D) rating on Tuesday, November 3. RBC Capital Markets has “Outperform” rating and $41.0 target. The firm earned “Hold” rating on Sunday, October 29 by RBC Capital Markets. As per Tuesday, November 17, the company rating was initiated by Scotia Capital. Barclays Capital maintained it with “Overweight” rating and $80 target in Thursday, February 4 report. The firm has “Buy” rating given on Thursday, December 10 by Argus Research. Barclays Capital maintained it with “Overweight” rating and $84 target in Monday, September 26 report. The stock of Dominion Energy, Inc. (NYSE:D) earned “Hold” rating by Tudor Pickering on Monday, April 3. The stock of Dominion Energy, Inc. (NYSE:D) earned “Hold” rating by RBC Capital Markets on Sunday, September 24.

M&T Bank Corp, which manages about $18.43B US Long portfolio, upped its stake in Vanguard Bd Index Fd Inc (BND) by 150,667 shares to 1.31 million shares, valued at $107.36M in 2017Q3, according to the filing. It also increased its holding in Target Corp (NYSE:TGT) by 571,992 shares in the quarter, for a total of 572,002 shares, and has risen its stake in Packaging Corp Amer (NYSE:PKG).

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