As Prologis (PLD) Stock Declined, New Mexico Educational Retirement Board Has Cut Position; Highstreet Asset Management Has Upped Consolidated Edison (ED) Position

April 20, 2018 - By Maria Brooks

Prologis, Inc. (NYSE:PLD) Logo

Highstreet Asset Management Inc increased its stake in Consolidated Edison Inc. (ED) by 51.32% based on its latest 2017Q4 regulatory filing with the SEC. Highstreet Asset Management Inc bought 7,693 shares as the company’s stock declined 8.41% with the market. The institutional investor held 22,684 shares of the power generation company at the end of 2017Q4, valued at $1.93 million, up from 14,991 at the end of the previous reported quarter. Highstreet Asset Management Inc who had been investing in Consolidated Edison Inc. for a number of months, seems to be bullish on the $24.26 billion market cap company. The stock increased 0.13% or $0.1 during the last trading session, reaching $78.11. About 1.57M shares traded. Consolidated Edison, Inc. (NYSE:ED) has declined 1.18% since April 20, 2017 and is downtrending. It has underperformed by 12.73% the S&P500.

New Mexico Educational Retirement Board decreased its stake in Prologis Inc (PLD) by 58.05% based on its latest 2017Q4 regulatory filing with the SEC. New Mexico Educational Retirement Board sold 70,795 shares as the company’s stock declined 2.80% with the market. The institutional investor held 51,170 shares of the consumer services company at the end of 2017Q4, valued at $3.30M, down from 121,965 at the end of the previous reported quarter. New Mexico Educational Retirement Board who had been investing in Prologis Inc for a number of months, seems to be less bullish one the $35.21 billion market cap company. The stock decreased 0.65% or $0.43 during the last trading session, reaching $65.23. About 2.10 million shares traded. Prologis, Inc. (NYSE:PLD) has risen 24.40% since April 20, 2017 and is uptrending. It has outperformed by 12.85% the S&P500.

Among 26 analysts covering Prologis (NYSE:PLD), 18 have Buy rating, 1 Sell and 7 Hold. Therefore 69% are positive. Prologis had 73 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, August 25 by BTIG Research. The stock has “Overweight” rating by Barclays Capital on Tuesday, July 19. Jefferies maintained the stock with “Hold” rating in Monday, October 30 report. The stock has “Sell” rating by Goldman Sachs on Monday, December 14. On Thursday, June 30 the stock rating was downgraded by Suntrust Robinson to “Neutral”. On Monday, November 28 the stock rating was upgraded by Robert W. Baird to “Outperform”. The stock of Prologis, Inc. (NYSE:PLD) earned “Buy” rating by KeyBanc Capital Markets on Thursday, September 28. The stock of Prologis, Inc. (NYSE:PLD) earned “Buy” rating by KeyBanc Capital Markets on Tuesday, December 19. The company was upgraded on Monday, December 4 by Evercore. The stock of Prologis, Inc. (NYSE:PLD) earned “Buy” rating by SunTrust on Tuesday, September 5.

Investors sentiment increased to 1.22 in 2017 Q4. Its up 0.06, from 1.16 in 2017Q3. It increased, as 36 investors sold PLD shares while 168 reduced holdings. 60 funds opened positions while 189 raised stakes. 494.61 million shares or 0.16% less from 495.40 million shares in 2017Q3 were reported. Cwm Ltd Liability Com stated it has 0% of its portfolio in Prologis, Inc. (NYSE:PLD). Waddell Reed Financial Inc accumulated 428,650 shares. Security Cap & Incorporated owns 2.18 million shares for 4.39% of their portfolio. Paradigm Asset Mngmt Communication Limited Company has invested 0.11% in Prologis, Inc. (NYSE:PLD). Moreover, Mason Street Advisors Limited Liability Company has 0.11% invested in Prologis, Inc. (NYSE:PLD). Boltwood Management owns 5,200 shares or 0.2% of their US portfolio. Lederer And Associate Investment Counsel Ca holds 0.36% of its portfolio in Prologis, Inc. (NYSE:PLD) for 6,205 shares. Chicago Equity Prtnrs Limited Co invested in 0.22% or 112,660 shares. Moreover, Clarivest Asset Lc has 0% invested in Prologis, Inc. (NYSE:PLD). Thrivent Fincl For Lutherans holds 0.06% in Prologis, Inc. (NYSE:PLD) or 288,705 shares. Fil Limited owns 0.06% invested in Prologis, Inc. (NYSE:PLD) for 306,646 shares. Blair William And Il owns 4,627 shares for 0% of their portfolio. Echo Street Mngmt Limited Liability Co stated it has 0.25% of its portfolio in Prologis, Inc. (NYSE:PLD). 1.32M are held by Presima. State Of New Jersey Common Pension Fund D invested 0.19% of its portfolio in Prologis, Inc. (NYSE:PLD).

New Mexico Educational Retirement Board, which manages about $2.64B US Long portfolio, upped its stake in Exxon Mobil Corp (NYSE:XOM) by 13,400 shares to 407,280 shares, valued at $34.07M in 2017Q4, according to the filing. It also increased its holding in Wells Fargo Co (NYSE:WFC) by 18,600 shares in the quarter, for a total of 429,366 shares, and has risen its stake in Qualcomm Inc (NASDAQ:QCOM).

Investors sentiment decreased to 1.06 in 2017 Q4. Its down 0.02, from 1.08 in 2017Q3. It fall, as 41 investors sold ED shares while 213 reduced holdings. 63 funds opened positions while 207 raised stakes. 169.29 million shares or 0.15% less from 169.54 million shares in 2017Q3 were reported. Rwc Asset Management Llp holds 0.47% in Consolidated Edison, Inc. (NYSE:ED) or 104,388 shares. Shelton Cap accumulated 23,427 shares. 170,243 are held by British Columbia Mgmt. Wealthtrust Axiom Ltd invested in 27,734 shares. Birinyi Assoc holds 0.26% in Consolidated Edison, Inc. (NYSE:ED) or 6,935 shares. Payden And Rygel invested 1.34% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). Conning Inc holds 0.02% or 7,598 shares. Compton Cap Mngmt Ri reported 6,150 shares stake. Cornerstone Cap owns 55,210 shares. Mutual Of Omaha Bancshares Wealth Mgmt has invested 0.23% in Consolidated Edison, Inc. (NYSE:ED). Girard Ptnrs Ltd reported 5,490 shares or 0.09% of all its holdings. South Dakota Invest Council holds 0.04% or 21,500 shares. First Midwest Comml Bank Division invested in 5,830 shares or 0.06% of the stock. Lipe And Dalton invested in 0.07% or 1,179 shares. Webster Bancorporation N A holds 2,863 shares or 0.03% of its portfolio.

Among 17 analysts covering Con Edison (NYSE:ED), 1 have Buy rating, 6 Sell and 10 Hold. Therefore 6% are positive. Con Edison had 51 analyst reports since July 29, 2015 according to SRatingsIntel. Citigroup initiated the stock with “Neutral” rating in Friday, August 12 report. Jefferies maintained it with “Hold” rating and $83.5 target in Wednesday, October 11 report. The company was maintained on Wednesday, August 30 by Jefferies. Deutsche Bank upgraded the stock to “Hold” rating in Monday, October 24 report. The firm has “Sell” rating given on Friday, January 12 by J.P. Morgan. Morgan Stanley maintained the shares of ED in report on Friday, September 8 with “Underweight” rating. The stock has “Neutral” rating by Mizuho on Thursday, May 12. Mizuho maintained it with “Neutral” rating and $66 target in Friday, September 18 report. The firm earned “Hold” rating on Friday, August 4 by BMO Capital Markets. Vetr downgraded the shares of ED in report on Monday, August 10 to “Hold” rating.

Consolidated Edison, Inc. (NYSE:ED) Institutional Positions Chart

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