As Consolidated Edison (ED) Share Value Rose, Hamel Associates Has Decreased Its Stake by $318,000; As Iberiabank (IBKC) Market Valuation Declined, Shareholder Mesirow Financial Investment Management Us Value Equity Lifted Its Stake

January 18, 2018 - By Vivian Park

Mesirow Financial Investment Management Us Value Equity increased its stake in Iberiabank Corp (IBKC) by 6.68% based on its latest 2017Q3 regulatory filing with the SEC. Mesirow Financial Investment Management Us Value Equity bought 16,780 shares as the company’s stock declined 7.92% while stock markets rallied. The institutional investor held 268,055 shares of the major banks company at the end of 2017Q3, valued at $22.02 million, up from 251,275 at the end of the previous reported quarter. Mesirow Financial Investment Management Us Value Equity who had been investing in Iberiabank Corp for a number of months, seems to be bullish on the $4.43B market cap company. The stock decreased 0.48% or $0.4 during the last trading session, reaching $82.2. About 98,554 shares traded. IBERIABANK Corporation (NASDAQ:IBKC) has risen 31.12% since January 18, 2017 and is uptrending. It has outperformed by 14.42% the S&P500.

Hamel Associates Inc decreased its stake in Consolidated Edison Inc (ED) by 9.14% based on its latest 2017Q3 regulatory filing with the SEC. Hamel Associates Inc sold 3,975 shares as the company’s stock rose 9.35% with the market. The institutional investor held 39,506 shares of the power generation company at the end of 2017Q3, valued at $3.19M, down from 43,481 at the end of the previous reported quarter. Hamel Associates Inc who had been investing in Consolidated Edison Inc for a number of months, seems to be less bullish one the $24.28 billion market cap company. The stock decreased 1.21% or $0.96 during the last trading session, reaching $78.31. About 1.24 million shares traded. Consolidated Edison, Inc. (NYSE:ED) has risen 11.89% since January 18, 2017 and is uptrending. It has underperformed by 4.81% the S&P500.

Mesirow Financial Investment Management Us Value Equity, which manages about $12.10B and $1.52B US Long portfolio, decreased its stake in Allete Inc (NYSE:ALE) by 20,570 shares to 322,261 shares, valued at $24.91 million in 2017Q3, according to the filing. It also reduced its holding in Idacorp Inc (NYSE:IDA) by 12,255 shares in the quarter, leaving it with 311,030 shares, and cut its stake in Blackhawk Network Hldgs Inc (NASDAQ:HAWK).

Since August 7, 2017, it had 0 buys, and 2 insider sales for $882,917 activity. The insider BREAUX ERNEST P JR sold $390,900.

Investors sentiment increased to 1.38 in 2017 Q3. Its up 0.16, from 1.22 in 2017Q2. It improved, as 24 investors sold IBKC shares while 57 reduced holdings. 36 funds opened positions while 76 raised stakes. 41.95 million shares or 0.37% more from 41.80 million shares in 2017Q2 were reported. Loomis Sayles & Limited Partnership owns 235,514 shares. 6,015 are owned by Retail Bank. Bluemountain Capital Management Limited Company reported 18,118 shares. Intl Group accumulated 0.01% or 33,923 shares. Pub Employees Retirement System Of Ohio owns 31,106 shares or 0.01% of their US portfolio. Waters Parkerson Ltd Liability Corporation holds 0.08% of its portfolio in IBERIABANK Corporation (NASDAQ:IBKC) for 10,465 shares. Vaughan David Invests Il holds 0.04% or 10,545 shares. Rhumbline Advisers holds 64,407 shares or 0.01% of its portfolio. Royal Savings Bank Of Canada holds 0.02% or 437,174 shares in its portfolio. The Ontario – Canada-based Mackenzie has invested 0.13% in IBERIABANK Corporation (NASDAQ:IBKC). Park Oh reported 0.06% in IBERIABANK Corporation (NASDAQ:IBKC). Oppenheimer Asset Mgmt reported 746 shares. Walleye Trading Ltd Limited Liability Company holds 0% in IBERIABANK Corporation (NASDAQ:IBKC) or 5,074 shares. Citadel Limited owns 657,162 shares. Segall Bryant Hamill Limited Liability invested in 222,059 shares or 0.42% of the stock.

Among 14 analysts covering IberiaBank (NASDAQ:IBKC), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. IberiaBank had 46 analyst reports since August 25, 2015 according to SRatingsIntel. The company was upgraded on Friday, December 2 by Sandler O’Neill. The firm has “Hold” rating given on Tuesday, October 24 by SunTrust. The firm has “Strong Buy” rating by Raymond James given on Friday, May 19. The firm has “Outperform” rating by FBR Capital given on Friday, April 29. As per Friday, October 7, the company rating was upgraded by Piper Jaffray. The firm has “Hold” rating by Jefferies given on Friday, June 9. SunTrust maintained the stock with “Buy” rating in Monday, January 8 report. SunTrust maintained the shares of IBKC in report on Wednesday, December 20 with “Buy” rating. The firm has “Buy” rating by Jefferies given on Monday, October 9. The rating was initiated by FBR Capital on Thursday, March 31 with “Outperform”.

Among 17 analysts covering Con Edison (NYSE:ED), 1 have Buy rating, 7 Sell and 9 Hold. Therefore 6% are positive. Con Edison had 45 analyst reports since July 29, 2015 according to SRatingsIntel. Deutsche Bank maintained it with “Sell” rating and $60.0 target in Monday, August 10 report. The stock of Consolidated Edison, Inc. (NYSE:ED) has “Sell” rating given on Friday, January 12 by J.P. Morgan. Jefferies maintained the shares of ED in report on Thursday, July 14 with “Hold” rating. On Wednesday, January 25 the stock rating was initiated by Credit Suisse with “Underperform”. Jefferies upgraded Consolidated Edison, Inc. (NYSE:ED) on Wednesday, September 14 to “Buy” rating. Mizuho maintained the stock with “Neutral” rating in Friday, September 18 report. The firm has “Underweight” rating by Morgan Stanley given on Monday, November 13. Morgan Stanley maintained the stock with “Underweight” rating in Thursday, August 10 report. Citigroup initiated Consolidated Edison, Inc. (NYSE:ED) on Friday, August 12 with “Neutral” rating. The stock of Consolidated Edison, Inc. (NYSE:ED) earned “Underweight” rating by Morgan Stanley on Friday, September 8.

Since August 23, 2017, it had 11 insider purchases, and 1 insider sale for $117,170 activity. RESHESKE FRANCES bought $87 worth of Consolidated Edison, Inc. (NYSE:ED) on Sunday, December 31. Moore Elizabeth D also bought $4,007 worth of Consolidated Edison, Inc. (NYSE:ED) on Sunday, December 31. Sanchez Robert bought $3,745 worth of Consolidated Edison, Inc. (NYSE:ED) on Sunday, December 31. $6,707 worth of Consolidated Edison, Inc. (NYSE:ED) was bought by Nadkarni Gurudatta D on Sunday, December 31. The insider Shukla Saumil P bought $3,832. 1,908 shares were sold by OATES JOSEPH P, worth $160,024 on Wednesday, August 23.

Analysts await Consolidated Edison, Inc. (NYSE:ED) to report earnings on February, 15. They expect $0.75 earnings per share, up 8.70% or $0.06 from last year’s $0.69 per share. ED’s profit will be $232.56 million for 26.10 P/E if the $0.75 EPS becomes a reality. After $1.47 actual earnings per share reported by Consolidated Edison, Inc. for the previous quarter, Wall Street now forecasts -48.98% negative EPS growth.

Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.04, from 1.12 in 2017Q2. It dropped, as 31 investors sold ED shares while 224 reduced holdings. 60 funds opened positions while 215 raised stakes. 169.54 million shares or 1.03% more from 167.81 million shares in 2017Q2 were reported. 505,419 were reported by Ny State Teachers Retirement. Moreover, Btim has 0.64% invested in Consolidated Edison, Inc. (NYSE:ED). Hudson Valley Investment Advsrs Incorporated Adv, a New York-based fund reported 2,880 shares. Trustmark Bank & Trust Tru Department owns 4,145 shares. King Wealth Grp Inc Llc reported 0.68% in Consolidated Edison, Inc. (NYSE:ED). Vaughan David Invs Il accumulated 416,247 shares or 1.02% of the stock. Baldwin Brothers Ma reported 0.01% stake. Putnam Investments Llc invested in 5,589 shares. Tradewinds Management Limited Liability Corporation has invested 0.01% in Consolidated Edison, Inc. (NYSE:ED). Hartford Fincl Mgmt reported 0% stake. Utd Asset Strategies reported 7,770 shares. Albion Ut stated it has 52,559 shares or 0.65% of all its holdings. 19,513 were accumulated by First Republic Inv Mngmt Inc. Parsons Management Inc Ri reported 0.12% stake. 180,400 were accumulated by Payden And Rygel.

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