Summit Securities Group Decreased Its Seagate Technology Plc (Call) (STX) Holding; Enbridge Energy Management L L C (EEQ)’s Sentiment Is 1.29

January 16, 2018 - By Louis Casey

Summit Securities Group Llc decreased Seagate Technology Plc (Call) (STX) stake by 99.15% reported in 2017Q3 SEC filing. Summit Securities Group Llc sold 7,932 shares as Seagate Technology Plc (Call) (STX)’s stock declined 9.82%. The Summit Securities Group Llc holds 68 shares with $226,000 value, down from 8,000 last quarter. Seagate Technology Plc (Call) now has $14.83 billion valuation. The stock increased 4.60% or $2.25 during the last trading session, reaching $51.26. About 7.75M shares traded or 53.02% up from the average. Seagate Technology plc (NASDAQ:STX) has risen 107.16% since January 16, 2017 and is uptrending. It has outperformed by 90.46% the S&P500.

Enbridge Energy Management, L.L.C., through its limited partner interests in Enbridge Energy Partners, L.P., owns and operates crude oil and liquid petroleum transportation and storage assets in the United States. The company has market cap of $1.28 billion. It also owns and operates natural gas gathering, treating, processing, transportation, and marketing assets in the United States. It currently has negative earnings.

Investors sentiment decreased to 0.78 in 2017 Q3. Its down 0.52, from 1.3 in 2017Q2. It dived, as 73 investors sold STX shares while 163 reduced holdings. 57 funds opened positions while 126 raised stakes. 259.60 million shares or 1.44% more from 255.91 million shares in 2017Q2 were reported. Aviance Cap Ltd Com stated it has 238 shares. Federated Investors Pa holds 0% of its portfolio in Seagate Technology plc (NASDAQ:STX) for 12,382 shares. Ww Asset Management owns 24,868 shares or 0.03% of their US portfolio. Fifth Third State Bank holds 0% of its portfolio in Seagate Technology plc (NASDAQ:STX) for 394 shares. Hanson & Doremus Investment Mngmt reported 99,382 shares or 1.15% of all its holdings. Gargoyle Invest Advisor Limited Co reported 0.22% in Seagate Technology plc (NASDAQ:STX). Boston Private Wealth Ltd owns 0.09% invested in Seagate Technology plc (NASDAQ:STX) for 69,261 shares. Bankshares Of Nova Scotia invested 0.01% in Seagate Technology plc (NASDAQ:STX). Highvista Strategies Ltd Liability Corporation owns 0.22% invested in Seagate Technology plc (NASDAQ:STX) for 29,623 shares. Moreover, Nationwide Fund Advsr has 0.03% invested in Seagate Technology plc (NASDAQ:STX) for 245,600 shares. Koch Industries Inc owns 11,790 shares. Legal & General Grp Pcl invested in 0.04% or 1.56 million shares. Liberty Mutual Asset Mngmt, Massachusetts-based fund reported 12,027 shares. Community Savings Bank Na stated it has 0% in Seagate Technology plc (NASDAQ:STX). Mirae Asset Glob Invs has invested 0.01% of its portfolio in Seagate Technology plc (NASDAQ:STX).

Since August 1, 2017, it had 0 buys, and 7 sales for $9.91 million activity. 7,909 Seagate Technology plc (NASDAQ:STX) shares with value of $316,360 were sold by MORTON DAVID H JR. The insider Moyo Dambisa F sold $339,965. The insider BRACE PHILIP G sold 44,944 shares worth $1.67M. LUCZO STEPHEN J also sold $4.90M worth of Seagate Technology plc (NASDAQ:STX) on Monday, January 8.

Analysts await Seagate Technology plc (NASDAQ:STX) to report earnings on January, 23. They expect $1.15 EPS, down 16.67% or $0.23 from last year’s $1.38 per share. STX’s profit will be $332.71M for 11.14 P/E if the $1.15 EPS becomes a reality. After $0.96 actual EPS reported by Seagate Technology plc for the previous quarter, Wall Street now forecasts 19.79% EPS growth.

Summit Securities Group Llc increased Bank Amer Corp (NYSE:BAC) stake by 314,065 shares to 640,500 valued at $16.23 million in 2017Q3. It also upped Ishares Tr (IYR) stake by 4,389 shares and now owns 4,500 shares. 3M Co (NYSE:MMM) was raised too.

Among 34 analysts covering Seagate Technology Plc (NASDAQ:STX), 8 have Buy rating, 3 Sell and 23 Hold. Therefore 24% are positive. Seagate Technology Plc had 125 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained Seagate Technology plc (NASDAQ:STX) on Monday, October 3 with “Sector Perform” rating. The firm earned “Sell” rating on Thursday, April 7 by Citigroup. Longbow upgraded Seagate Technology plc (NASDAQ:STX) on Tuesday, April 11 to “Buy” rating. Craig Hallum maintained it with “Buy” rating and $56.0 target in Tuesday, January 9 report. The rating was maintained by Needham with “Strong Buy” on Wednesday, January 25. Barclays Capital maintained the shares of STX in report on Thursday, September 29 with “Equal-Weight” rating. The rating was maintained by Cowen & Co with “Market Perform” on Wednesday, January 25. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, October 21. The company was maintained on Tuesday, August 16 by Barclays Capital. The stock of Seagate Technology plc (NASDAQ:STX) earned “Hold” rating by Argus Research on Friday, April 15.

Hite Hedge Asset Management Llc holds 3.48% of its portfolio in Enbridge Energy Management, L.L.C. for 870,911 shares. Energy Income Partners Llc owns 11.77 million shares or 3.36% of their US portfolio. Moreover, Salient Capital Advisors Llc has 1.97% invested in the company for 5.77 million shares. The California-based Kayne Anderson Capital Advisors Lp has invested 1.95% in the stock. Eagle Global Advisors Llc, a Texas-based fund reported 3.80 million shares.

The stock increased 0.63% or $0.09 during the last trading session, reaching $14.27. About 613,329 shares traded or 6.29% up from the average. Enbridge Energy Management, L.L.C. (EEQ) has declined 11.33% since January 16, 2017 and is downtrending. It has underperformed by 28.03% the S&P500.

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