As Noble Energy (NBL) Stock Rose, Robeco Institutional Asset Management Has Trimmed by $1.46 Million Its Position; As Southern Co (SO) Stock Declined, Bank Of America Boosted Its Stake by $145.37 Million

April 24, 2018 - By Peter Erickson

The Southern Company (NYSE:SO) Logo

Robeco Institutional Asset Management decreased its stake in Noble Energy Inc (NBL) by 35.26% based on its latest 2017Q4 regulatory filing with the SEC. Robeco Institutional Asset Management sold 50,456 shares as the company’s stock rose 4.93% while stock markets declined. The institutional investor held 92,621 shares of the oil & gas production company at the end of 2017Q4, valued at $2.70 million, down from 143,077 at the end of the previous reported quarter. Robeco Institutional Asset Management who had been investing in Noble Energy Inc for a number of months, seems to be less bullish one the $16.54 billion market cap company. The stock increased 0.15% or $0.05 during the last trading session, reaching $33.82. About 5.08M shares traded. Noble Energy, Inc. (NYSE:NBL) has declined 8.04% since April 24, 2017 and is downtrending. It has underperformed by 19.59% the S&P500.

Bank Of America Corp increased its stake in Southern Co (SO) by 367.81% based on its latest 2017Q4 regulatory filing with the SEC. Bank Of America Corp bought 3.03M shares as the company’s stock declined 8.19% with the market. The institutional investor held 3.85 million shares of the central company at the end of 2017Q4, valued at $185.24 million, up from 823,400 at the end of the previous reported quarter. Bank Of America Corp who had been investing in Southern Co for a number of months, seems to be bullish on the $45.81 billion market cap company. The stock increased 0.04% or $0.02 during the last trading session, reaching $45.24. About 3.53M shares traded. The Southern Company (NYSE:SO) has declined 11.47% since April 24, 2017 and is downtrending. It has underperformed by 23.02% the S&P500.

Among 20 analysts covering The Southern Company (NYSE:SO), 5 have Buy rating, 6 Sell and 9 Hold. Therefore 25% are positive. The Southern Company had 76 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, August 2 report. The firm earned “Hold” rating on Tuesday, December 26 by SunTrust. As per Monday, April 16, the company rating was maintained by Morgan Stanley. Jefferies upgraded The Southern Company (NYSE:SO) on Friday, March 3 to “Buy” rating. SunTrust maintained The Southern Company (NYSE:SO) on Monday, March 26 with “Hold” rating. SunTrust maintained The Southern Company (NYSE:SO) on Monday, March 5 with “Hold” rating. Bank of America maintained The Southern Company (NYSE:SO) on Tuesday, October 24 with “Underperform” rating. On Friday, September 29 the stock rating was upgraded by RBC Capital Markets to “Outperform”. The company was maintained on Thursday, April 13 by Jefferies. Morgan Stanley maintained The Southern Company (NYSE:SO) on Thursday, August 10 with “Underweight” rating.

Investors sentiment increased to 1.1 in 2017 Q4. Its up 0.10, from 1 in 2017Q3. It is positive, as 56 investors sold SO shares while 329 reduced holdings. 75 funds opened positions while 350 raised stakes. 548.17 million shares or 4.36% more from 525.28 million shares in 2017Q3 were reported. Intrust Commercial Bank Na holds 0.11% or 7,605 shares in its portfolio. Moreover, Rare Infrastructure Limited has 0.04% invested in The Southern Company (NYSE:SO). Janney Montgomery Scott Limited Liability Company holds 0.11% in The Southern Company (NYSE:SO) or 221,482 shares. Cortland Advisers Llc invested in 1.24 million shares or 2.74% of the stock. Duff And Phelps Inv Mngmt accumulated 1.38% or 2.00 million shares. Highlander Capital Management Lc stated it has 0.01% of its portfolio in The Southern Company (NYSE:SO). Delta Asset Mngmt Ltd Liability Corporation Tn has 17,432 shares. Mitchell Sinkler & Starr Pa holds 1.3% or 18,310 shares. Neuberger Berman Ltd Company reported 0% stake. Signalpoint Asset Mgmt Limited Com owns 19,927 shares for 0.6% of their portfolio. Perigon Wealth Mgmt Limited owns 500 shares or 0.01% of their US portfolio. Atlantic Group Limited Liability invested in 26,121 shares or 0.01% of the stock. 22,929 are owned by Next Group. King Luther Corp owns 0% invested in The Southern Company (NYSE:SO) for 4,818 shares. Tiverton Asset Mgmt Limited Co holds 0.02% or 7,686 shares in its portfolio.

Bank Of America Corp, which manages about $597.43B US Long portfolio, decreased its stake in Vanguard Admiral Fds Inc (IVOG) by 8,900 shares to 32,994 shares, valued at $4.39 million in 2017Q4, according to the filing. It also reduced its holding in Pegasystems Inc (NASDAQ:PEGA) by 126,388 shares in the quarter, leaving it with 146,618 shares, and cut its stake in Gulfport Energy Corp (NASDAQ:GPOR).

Analysts await Noble Energy, Inc. (NYSE:NBL) to report earnings on May, 1 before the open. They expect $0.25 EPS, up 600.00% or $0.30 from last year’s $-0.05 per share. NBL’s profit will be $122.29M for 33.82 P/E if the $0.25 EPS becomes a reality. After $0.32 actual EPS reported by Noble Energy, Inc. for the previous quarter, Wall Street now forecasts -21.88% negative EPS growth.

Investors sentiment decreased to 0.89 in Q4 2017. Its down 0.13, from 1.02 in 2017Q3. It turned negative, as 44 investors sold NBL shares while 169 reduced holdings. 54 funds opened positions while 136 raised stakes. 456.50 million shares or 1.84% more from 448.27 million shares in 2017Q3 were reported. Plante Moran Financial Advsr Limited Liability Com reported 0% stake. New York-based Blackrock has invested 0.05% in Noble Energy, Inc. (NYSE:NBL). Mackenzie Fin has 0.12% invested in Noble Energy, Inc. (NYSE:NBL). Intll Invsts has 831,633 shares. Suntrust Banks Incorporated accumulated 46,006 shares. Moreover, Ls Investment Advsrs Limited has 0.03% invested in Noble Energy, Inc. (NYSE:NBL). Agf Incorporated has 0.01% invested in Noble Energy, Inc. (NYSE:NBL) for 22,509 shares. Barclays Public Ltd Com invested 0.01% in Noble Energy, Inc. (NYSE:NBL). Captrust Advsrs holds 201 shares. Majedie Asset Management Limited reported 0.26% stake. Advisory Ser Limited Liability Corp invested in 2,721 shares. Amalgamated State Bank accumulated 57,039 shares or 0.04% of the stock. Thrivent For Lutherans invested 0% of its portfolio in Noble Energy, Inc. (NYSE:NBL). Retirement Sys Of Alabama accumulated 0.03% or 235,814 shares. Ci Invests Incorporated holds 0.14% or 514,100 shares in its portfolio.

Robeco Institutional Asset Management, which manages about $19.34B US Long portfolio, upped its stake in Foot Locker Inc (NYSE:FL) by 55,947 shares to 236,127 shares, valued at $11.07 million in 2017Q4, according to the filing. It also increased its holding in Procter And Gamble Co (NYSE:PG) by 308,226 shares in the quarter, for a total of 2.44M shares, and has risen its stake in Analog Devices Inc (NASDAQ:ADI).

Among 31 analysts covering Noble Energy Inc. (NYSE:NBL), 25 have Buy rating, 0 Sell and 6 Hold. Therefore 81% are positive. Noble Energy Inc. had 117 analyst reports since July 21, 2015 according to SRatingsIntel. The company was upgraded on Friday, August 11 by Seaport Global. The firm has “Buy” rating given on Thursday, February 22 by RBC Capital Markets. The stock has “Overweight” rating by Morgan Stanley on Wednesday, January 24. The firm has “Buy” rating by Bank of America given on Monday, February 26. JP Morgan initiated Noble Energy, Inc. (NYSE:NBL) rating on Wednesday, December 9. JP Morgan has “Overweight” rating and $42 target. The stock of Noble Energy, Inc. (NYSE:NBL) has “Buy” rating given on Friday, October 13 by RBC Capital Markets. RBC Capital Markets maintained the shares of NBL in report on Thursday, June 1 with “Buy” rating. Jefferies maintained Noble Energy, Inc. (NYSE:NBL) rating on Tuesday, January 30. Jefferies has “Buy” rating and $38.0 target. Piper Jaffray maintained it with “Buy” rating and $41.0 target in Tuesday, January 9 report. The firm has “Buy” rating by Wunderlich given on Friday, September 4.

Noble Energy, Inc. (NYSE:NBL) Institutional Positions Chart

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