As Olin New (OLN) Market Valuation Declined, Jag Capital Management Has Boosted Stake by $5.18 Million; Sii Investments Holding in Nextera Energy (NEE) Decreased as Shares Rose

April 17, 2018 - By Louis Casey

Olin Corporation (NYSE:OLN) Logo

Sii Investments Inc decreased its stake in Nextera Energy Inc (NEE) by 47.07% based on its latest 2017Q4 regulatory filing with the SEC. Sii Investments Inc sold 7,239 shares as the company’s stock rose 5.21% while stock markets declined. The institutional investor held 8,139 shares of the public utilities company at the end of 2017Q4, valued at $1.27M, down from 15,378 at the end of the previous reported quarter. Sii Investments Inc who had been investing in Nextera Energy Inc for a number of months, seems to be less bullish one the $76.43 billion market cap company. The stock increased 1.19% or $1.9 during the last trading session, reaching $162.12. About 1.65 million shares traded. NextEra Energy, Inc. (NYSE:NEE) has risen 24.02% since April 17, 2017 and is uptrending. It has outperformed by 12.47% the S&P500.

Jag Capital Management Llc increased its stake in Olin Corp New (OLN) by 91.18% based on its latest 2017Q4 regulatory filing with the SEC. Jag Capital Management Llc bought 148,111 shares as the company’s stock declined 13.39% with the market. The institutional investor held 310,541 shares of the major chemicals company at the end of 2017Q4, valued at $11.05 million, up from 162,430 at the end of the previous reported quarter. Jag Capital Management Llc who had been investing in Olin Corp New for a number of months, seems to be bullish on the $5.08B market cap company. The stock increased 1.27% or $0.38 during the last trading session, reaching $30.39. About 870,379 shares traded. Olin Corporation (NYSE:OLN) has declined 8.60% since April 17, 2017 and is downtrending. It has underperformed by 20.15% the S&P500.

Investors sentiment increased to 1.04 in 2017 Q4. Its up 0.09, from 0.95 in 2017Q3. It improved, as 36 investors sold NEE shares while 405 reduced holdings. 112 funds opened positions while 347 raised stakes. 340.36 million shares or 1.17% less from 344.40 million shares in 2017Q3 were reported. 1.13M are held by Barclays Public Limited Co. 1St Source Bancorporation invested in 0.08% or 6,617 shares. Carroll Associates holds 2,838 shares or 0.05% of its portfolio. Bank holds 23,674 shares. M Hldg Securities owns 3,105 shares or 0.51% of their US portfolio. Pring Turner Capital Gp Inc stated it has 2,200 shares. Hanson Mcclain holds 0% or 323 shares in its portfolio. Commercial Bank Of Mellon Corp invested 0.16% of its portfolio in NextEra Energy, Inc. (NYSE:NEE). Lazard Asset Mngmt Limited Liability Company holds 0% or 10,613 shares in its portfolio. Bedell Frazier Investment Counseling Limited Liability Co reported 1,600 shares. 4,987 were accumulated by Btim Corporation. Cutler Counsel Ltd Limited Liability Company holds 6,300 shares or 0.19% of its portfolio. Beck Mack & Oliver Lc stated it has 0.04% in NextEra Energy, Inc. (NYSE:NEE). 11,077 were accumulated by Pitcairn Co. The Georgia-based Eads Heald Investment Counsel has invested 0.91% in NextEra Energy, Inc. (NYSE:NEE).

Analysts await NextEra Energy, Inc. (NYSE:NEE) to report earnings on April, 24 before the open. They expect $1.74 earnings per share, down 0.57% or $0.01 from last year’s $1.75 per share. NEE’s profit will be $820.30 million for 23.29 P/E if the $1.74 EPS becomes a reality. After $1.25 actual earnings per share reported by NextEra Energy, Inc. for the previous quarter, Wall Street now forecasts 39.20% EPS growth.

Among 15 analysts covering Nextera Energy Inc. (NYSE:NEE), 14 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. Nextera Energy Inc. had 42 analyst reports since August 5, 2015 according to SRatingsIntel. BMO Capital Markets maintained NextEra Energy, Inc. (NYSE:NEE) on Monday, April 3 with “Buy” rating. As per Monday, August 31, the company rating was upgraded by Zacks. As per Thursday, July 6, the company rating was maintained by RBC Capital Markets. The firm earned “Buy” rating on Tuesday, August 11 by M Partners. The firm has “Buy” rating given on Monday, January 30 by Deutsche Bank. On Thursday, August 10 the stock rating was maintained by Morgan Stanley with “Overweight”. On Thursday, March 17 the stock rating was maintained by Argus Research with “Buy”. BMO Capital Markets maintained it with “Buy” rating and $15600 target in Thursday, June 22 report. Morgan Stanley maintained the stock with “Overweight” rating in Monday, November 13 report. Goldman Sachs upgraded NextEra Energy, Inc. (NYSE:NEE) rating on Monday, October 16. Goldman Sachs has “Buy” rating and $159.0 target.

Since February 6, 2018, it had 0 insider buys, and 7 sales for $10.59 million activity. The insider Pimentel Armando Jr sold 9,250 shares worth $1.40M. Shares for $809,690 were sold by YEAGER WILLIAM L. Sieving Charles E sold 2,844 shares worth $439,881. ROBO JAMES L sold 18,000 shares worth $2.90 million. Shares for $803,691 were sold by Arechabala Miguel.

Sii Investments Inc, which manages about $3.27 billion and $965.36 million US Long portfolio, upped its stake in First Tr Exchange Traded Fd (FPX) by 44,235 shares to 63,141 shares, valued at $4.31 million in 2017Q4, according to the filing. It also increased its holding in Victory Portfolios Ii by 14,645 shares in the quarter, for a total of 38,345 shares, and has risen its stake in Ishares Tr (Prn).

Among 16 analysts covering Olin Corporation (NYSE:OLN), 13 have Buy rating, 0 Sell and 3 Hold. Therefore 81% are positive. Olin Corporation had 50 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, June 20 report. The rating was upgraded by Cowen & Co on Tuesday, June 28 to “Outperform”. The rating was upgraded by Susquehanna on Thursday, August 6 to “Positive”. The company was maintained on Wednesday, November 1 by SunTrust. The stock of Olin Corporation (NYSE:OLN) earned “Market Perform” rating by Cowen & Co on Monday, September 21. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, September 5 report. The stock of Olin Corporation (NYSE:OLN) has “Buy” rating given on Wednesday, December 13 by RBC Capital Markets. The stock of Olin Corporation (NYSE:OLN) has “Neutral” rating given on Tuesday, November 3 by UBS. Nomura maintained Olin Corporation (NYSE:OLN) rating on Thursday, February 8. Nomura has “Buy” rating and $40 target. As per Thursday, February 4, the company rating was maintained by RBC Capital Markets.

Since February 12, 2018, it had 3 buys, and 2 sales for $61,635 activity. Another trade for 6,250 shares valued at $206,250 was sold by Curley Stephen C. Shipp Earl L had bought 6,500 shares worth $208,083 on Tuesday, February 13. 800 shares were bought by LARRIMORE RANDALL W, worth $25,024 on Monday, February 12. $286,889 worth of Olin Corporation (NYSE:OLN) was sold by MCINTOSH JOHN L.

Investors sentiment increased to 1.29 in 2017 Q4. Its up 0.34, from 0.95 in 2017Q3. It increased, as 30 investors sold OLN shares while 89 reduced holdings. 56 funds opened positions while 97 raised stakes. 144.77 million shares or 1.77% less from 147.38 million shares in 2017Q3 were reported. Old Mutual Glob (Uk) Limited has 0% invested in Olin Corporation (NYSE:OLN). Pub Employees Retirement Association Of Colorado holds 0.01% or 36,620 shares. Envestnet Asset Mngmt accumulated 12,291 shares. Ameriprise Fincl reported 1.23 million shares. State Of New Jersey Common Pension Fund D holds 200,000 shares or 0.03% of its portfolio. Geode Lc reported 0.02% stake. Frontier Mngmt Com owns 0.3% invested in Olin Corporation (NYSE:OLN) for 100,108 shares. State Treasurer State Of Michigan invested 0.02% in Olin Corporation (NYSE:OLN). Jpmorgan Chase & has 0% invested in Olin Corporation (NYSE:OLN). Lazard Asset Mgmt Limited Liability Corporation, New York-based fund reported 778 shares. Advisory Networks Ltd Com reported 1,315 shares. State Street holds 6.95 million shares or 0.02% of its portfolio. Reliance Tru Of Delaware has invested 0.05% in Olin Corporation (NYSE:OLN). Teachers Retirement System Of The State Of Kentucky invested 0.01% in Olin Corporation (NYSE:OLN). Stifel Financial reported 19,196 shares stake.

Jag Capital Management Llc, which manages about $1.15 billion and $533.19M US Long portfolio, decreased its stake in Owens Corning New (NYSE:OC) by 7,870 shares to 7,779 shares, valued at $715,000 in 2017Q4, according to the filing. It also reduced its holding in Ishares Msci Eafe Index Fund (EFA) by 15,961 shares in the quarter, leaving it with 21,431 shares, and cut its stake in Eog Resources Inc (NYSE:EOG).

NextEra Energy, Inc. (NYSE:NEE) Institutional Positions Chart

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