As Kohl’s (KSS) Market Value Declined, Holder Flippin Bruce & Porter Has Lifted Holding; As Enbridge Prop (ENB) Stock Price Declined, Hexavest Has Lowered Its Stake by $7.60 Million

February 23, 2018 - By Michael Collier

Hexavest Inc decreased its stake in Enbridge Inc Prop (ENB) by 33.38% based on its latest 2017Q3 regulatory filing with the SEC. Hexavest Inc sold 185,399 shares as the company’s stock declined 5.78% while stock markets rallied. The hedge fund held 370,029 shares of the natural gas distribution company at the end of 2017Q3, valued at $15.42 million, down from 555,428 at the end of the previous reported quarter. Hexavest Inc who had been investing in Enbridge Inc Prop for a number of months, seems to be less bullish one the $56.03B market cap company. The stock decreased 1.85% or $0.63 during the last trading session, reaching $33.48. About 2.82M shares traded. Enbridge Inc. (NYSE:ENB) has declined 0.40% since February 23, 2017 and is downtrending. It has underperformed by 17.10% the S&P500.

Flippin Bruce & Porter Inc increased its stake in Kohl’s Corp (KSS) by 22.14% based on its latest 2017Q3 regulatory filing with the SEC. Flippin Bruce & Porter Inc bought 42,565 shares as the company’s stock declined 10.79% while stock markets rallied. The institutional investor held 234,836 shares of the department and specialty retail stores company at the end of 2017Q3, valued at $10.72M, up from 192,271 at the end of the previous reported quarter. Flippin Bruce & Porter Inc who had been investing in Kohl’s Corp for a number of months, seems to be bullish on the $10.88 billion market cap company. The stock increased 2.06% or $1.31 during the last trading session, reaching $64.75. About 3.15M shares traded. Kohl's Corporation (NYSE:KSS) has risen 7.16% since February 23, 2017 and is uptrending. It has underperformed by 9.54% the S&P500.

Flippin Bruce & Porter Inc, which manages about $395.97 million and $454.30M US Long portfolio, decreased its stake in Procter & Gamble (NYSE:PG) by 6,184 shares to 109,236 shares, valued at $9.94M in 2017Q3, according to the filing.

Investors sentiment increased to 0.94 in Q3 2017. Its up 0.08, from 0.86 in 2017Q2. It is positive, as 46 investors sold KSS shares while 169 reduced holdings. 73 funds opened positions while 129 raised stakes. 175.28 million shares or 0.56% less from 176.27 million shares in 2017Q2 were reported. David R Rahn & Assocs holds 0.97% or 30,641 shares in its portfolio. Proshare Advisors Limited Liability invested in 0.02% or 37,392 shares. Korea reported 356,600 shares. Hotchkis And Wiley Capital Mgmt Ltd Company owns 1.27 million shares. Minnesota-based Whitebox Advisors Limited Co has invested 0.01% in Kohl's Corporation (NYSE:KSS). Oppenheimer & has 0.01% invested in Kohl's Corporation (NYSE:KSS). Janney Montgomery Scott Limited Liability Co has 0% invested in Kohl's Corporation (NYSE:KSS). Quinn Opportunity Ptnrs Limited Liability Corporation stated it has 0.43% in Kohl's Corporation (NYSE:KSS). Toronto Dominion Financial Bank holds 0.01% or 64,107 shares in its portfolio. 7,826 are owned by Highstreet Asset Mngmt. Arizona State Retirement Systems accumulated 41,812 shares. Alliancebernstein Limited Partnership owns 315,602 shares. Barrow Hanley Mewhinney & Strauss stated it has 0% of its portfolio in Kohl's Corporation (NYSE:KSS). 41,446 are held by Old Second National Bank Of Aurora. Citigroup holds 0% or 15,809 shares.

Among 29 analysts covering Kohl’s Corporation (NYSE:KSS), 13 have Buy rating, 2 Sell and 14 Hold. Therefore 45% are positive. Kohl’s Corporation had 97 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Kohl's Corporation (NYSE:KSS) has “Buy” rating given on Saturday, July 29 by Jefferies. The rating was downgraded by Gordon Haskett on Thursday, August 10 to “Hold”. Piper Jaffray maintained Kohl's Corporation (NYSE:KSS) on Wednesday, January 10 with “Hold” rating. The firm earned “Sell” rating on Tuesday, October 3 by RBC Capital Markets. The stock of Kohl's Corporation (NYSE:KSS) has “Sell” rating given on Tuesday, August 29 by RBC Capital Markets. As per Thursday, February 4, the company rating was downgraded by M Partners. The rating was downgraded by Buckingham Research to “Neutral” on Tuesday, November 15. The rating was upgraded by RBC Capital Markets to “Sector Perform” on Friday, January 12. Bank of America maintained the stock with “Buy” rating in Thursday, February 8 report. The rating was maintained by UBS with “Neutral” on Friday, May 12.

Analysts await Enbridge Inc. (NYSE:ENB) to report earnings on May, 10. They expect $0.46 EPS, up 6.98% or $0.03 from last year’s $0.43 per share. ENB’s profit will be $769.83M for 18.20 P/E if the $0.46 EPS becomes a reality. After $0.48 actual EPS reported by Enbridge Inc. for the previous quarter, Wall Street now forecasts -4.17% negative EPS growth.

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