Davis-Rea LTD Stake in Enbridge (ENB) Decreased by $358,293; Kroger Co (KR) Holder Apg Asset Management Nv Cut Its Holding as Stock Declined

April 21, 2018 - By Adrian Erickson

Enbridge Inc. (NYSE:ENB) Logo

Apg Asset Management Nv decreased its stake in Kroger Co (KR) by 39.36% based on its latest 2017Q4 regulatory filing with the SEC. Apg Asset Management Nv sold 1.53 million shares as the company’s stock declined 16.92% with the market. The institutional investor held 2.36 million shares of the food chains company at the end of 2017Q4, valued at $54.02M, down from 3.90 million at the end of the previous reported quarter. Apg Asset Management Nv who had been investing in Kroger Co for a number of months, seems to be less bullish one the $20.89 billion market cap company. The stock decreased 0.25% or $0.06 during the last trading session, reaching $24.12. About 16.22 million shares traded or 50.21% up from the average. The Kroger Co. (NYSE:KR) has declined 18.87% since April 21, 2017 and is downtrending. It has underperformed by 30.42% the S&P500.

Davis-Rea Ltd decreased its stake in Enbridge (ENB) by 5.84% based on its latest 2017Q4 regulatory filing with the SEC. Davis-Rea Ltd sold 9,187 shares as the company’s stock declined 21.20% with the market. The institutional investor held 148,217 shares of the natural gas distribution company at the end of 2017Q4, valued at $5.82 million, down from 157,404 at the end of the previous reported quarter. Davis-Rea Ltd who had been investing in Enbridge for a number of months, seems to be less bullish one the $51.15 billion market cap company. The stock decreased 2.41% or $0.77 during the last trading session, reaching $31.21. About 4.63M shares traded or 28.27% up from the average. Enbridge Inc. (NYSE:ENB) has declined 26.13% since April 21, 2017 and is downtrending. It has underperformed by 37.68% the S&P500.

Apg Asset Management Nv, which manages about $54.67B US Long portfolio, upped its stake in Equity Lifestyle Pptys Inc (NYSE:ELS) by 82,100 shares to 103,700 shares, valued at $7.69 million in 2017Q4, according to the filing. It also increased its holding in Allete Inc (NYSE:ALE) by 11,600 shares in the quarter, for a total of 39,300 shares, and has risen its stake in Apollo Coml Real Est Fin Inc (NYSE:ARI).

Analysts await The Kroger Co. (NYSE:KR) to report earnings on June, 21. They expect $0.63 EPS, up 8.62% or $0.05 from last year’s $0.58 per share. KR’s profit will be $545.56M for 9.57 P/E if the $0.63 EPS becomes a reality. After $0.63 actual EPS reported by The Kroger Co. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 37 analysts covering Kroger (NYSE:KR), 17 have Buy rating, 0 Sell and 20 Hold. Therefore 46% are positive. Kroger had 111 analyst reports since August 25, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, March 9 report. The firm earned “Buy” rating on Monday, May 15 by RBC Capital Markets. The firm has “Buy” rating by Deutsche Bank given on Friday, June 17. The rating was downgraded by Wolfe Research to “Peer Perform” on Wednesday, June 15. Barclays Capital maintained The Kroger Co. (NYSE:KR) rating on Thursday, September 3. Barclays Capital has “Equal-Weight” rating and $38 target. Stifel Nicolaus initiated The Kroger Co. (NYSE:KR) rating on Friday, February 12. Stifel Nicolaus has “Buy” rating and $45 target. Piper Jaffray upgraded the shares of KR in report on Wednesday, December 14 to “Neutral” rating. On Monday, August 29 the stock rating was maintained by Citigroup with “Buy”. The firm earned “Buy” rating on Monday, August 28 by RBC Capital Markets. RBC Capital Markets maintained The Kroger Co. (NYSE:KR) rating on Tuesday, July 18. RBC Capital Markets has “Buy” rating and $3400 target.

Since December 19, 2017, it had 0 buys, and 6 insider sales for $2.81 million activity. 15,200 shares valued at $471,200 were sold by Foley Todd A on Tuesday, January 30. On Monday, January 29 DONNELLY MICHAEL JOSEPH sold $1.23M worth of The Kroger Co. (NYSE:KR) or 40,000 shares. Clark Robert W had sold 11,000 shares worth $325,292.

Investors sentiment increased to 0.9 in 2017 Q4. Its up 0.02, from 0.88 in 2017Q3. It increased, as 78 investors sold KR shares while 251 reduced holdings. 121 funds opened positions while 176 raised stakes. 636.15 million shares or 7.55% less from 688.12 million shares in 2017Q3 were reported. Mechanics Bancorporation Trust Department holds 0.29% in The Kroger Co. (NYSE:KR) or 46,770 shares. Cubist Systematic Strategies Ltd owns 48,808 shares for 0.07% of their portfolio. Sun Life holds 0.01% or 1,950 shares. Crestpoint Cap Mgmt holds 0.16% or 10,600 shares. Georgia-based Earnest Ptnrs Ltd Liability Corp has invested 0% in The Kroger Co. (NYSE:KR). Virtu Financial Ltd invested 0.06% in The Kroger Co. (NYSE:KR). Great West Life Assurance Company Can has invested 0.11% in The Kroger Co. (NYSE:KR). Virginia Retirement Et Al accumulated 77,500 shares. Gemmer Asset Limited Liability Co holds 0% of its portfolio in The Kroger Co. (NYSE:KR) for 346 shares. Texas-based Amer Natl Registered Invest Advisor Incorporated has invested 0.26% in The Kroger Co. (NYSE:KR). Loring Wolcott Coolidge Fiduciary Advsrs Llp Ma reported 0% stake. 73,461 were accumulated by Pillar Pacific Management Limited Company. State Street has invested 0.09% in The Kroger Co. (NYSE:KR). Amalgamated Financial Bank owns 115,644 shares. Pacad Invest Ltd holds 26,627 shares.

Davis-Rea Ltd, which manages about $180.95M US Long portfolio, upped its stake in Accenture Plc Cl (NYSE:ACN) by 19,267 shares to 27,832 shares, valued at $4.26 million in 2017Q4, according to the filing.

The Kroger Co. (NYSE:KR) Institutional Positions Chart

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