Bank Of Stockton Has Decreased General Electric Company (GE) Stake by $360,672; Buckeye Partners LP (BPL) Shares Declined While West Family Investments Has Lifted Stake by $2.45 Million

April 21, 2018 - By Peter Erickson

General Electric Company (NYSE:GE) Logo

West Family Investments Inc increased its stake in Buckeye Partners LP (BPL) by 185.44% based on its latest 2017Q4 regulatory filing with the SEC. West Family Investments Inc bought 50,000 shares as the company’s stock declined 21.81% with the market. The institutional investor held 76,963 shares of the natural gas distribution company at the end of 2017Q4, valued at $3.81M, up from 26,963 at the end of the previous reported quarter. West Family Investments Inc who had been investing in Buckeye Partners LP for a number of months, seems to be bullish on the $6.14 billion market cap company. The stock decreased 0.69% or $0.28 during the last trading session, reaching $40.11. About 734,520 shares traded. Buckeye Partners, L.P. (NYSE:BPL) has declined 43.06% since April 21, 2017 and is downtrending. It has underperformed by 54.61% the S&P500.

Bank Of Stockton decreased its stake in General Electric Company (GE) by 48.66% based on its latest 2017Q4 regulatory filing with the SEC. Bank Of Stockton sold 21,216 shares as the company’s stock declined 23.20% with the market. The institutional investor held 22,386 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $390,000, down from 43,602 at the end of the previous reported quarter. Bank Of Stockton who had been investing in General Electric Company for a number of months, seems to be less bullish one the $126.26 billion market cap company. The stock increased 3.93% or $0.55 during the last trading session, reaching $14.54. About 188.69 million shares traded or 121.66% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since April 21, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Among 18 analysts covering Buckeye Partners (NYSE:BPL), 5 have Buy rating, 1 Sell and 12 Hold. Therefore 28% are positive. Buckeye Partners had 58 analyst reports since August 4, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of BPL in report on Wednesday, March 2 with “Buy” rating. The stock of Buckeye Partners, L.P. (NYSE:BPL) has “Buy” rating given on Tuesday, October 17 by UBS. The rating was maintained by Stifel Nicolaus on Wednesday, October 26 with “Buy”. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Buy” rating by Citigroup on Tuesday, October 10. The firm has “Hold” rating given on Friday, February 9 by Mizuho. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Hold” rating by RBC Capital Markets on Monday, August 7. The company was maintained on Sunday, February 11 by Stifel Nicolaus. The stock of Buckeye Partners, L.P. (NYSE:BPL) has “Buy” rating given on Tuesday, March 27 by Citigroup. The stock of Buckeye Partners, L.P. (NYSE:BPL) has “Hold” rating given on Sunday, November 5 by Mizuho. The stock of Buckeye Partners, L.P. (NYSE:BPL) has “Neutral” rating given on Monday, November 7 by Mizuho.

West Family Investments Inc, which manages about $389.18 million US Long portfolio, decreased its stake in Jpmorgan Chase & Co by 7,500 shares to 27,700 shares, valued at $1.84 million in 2017Q4, according to the filing. It also reduced its holding in Annaly Cap Mgmt Inc (NYSE:NLY) by 231,700 shares in the quarter, leaving it with 1.04 million shares, and cut its stake in General Mtrs Co (NYSE:GM).

Investors sentiment decreased to 0.57 in Q4 2017. Its down 0.43, from 1 in 2017Q3. It turned negative, as 48 investors sold BPL shares while 116 reduced holdings. 29 funds opened positions while 65 raised stakes. 98.68 million shares or 1.84% more from 96.89 million shares in 2017Q3 were reported. Ipswich Inv Incorporated has invested 0.09% in Buckeye Partners, L.P. (NYSE:BPL). Bnp Paribas Arbitrage accumulated 12,536 shares or 0% of the stock. Klingenstein Fields Co Limited Liability Co reported 0.01% in Buckeye Partners, L.P. (NYSE:BPL). Neuberger Berman Group Ltd Limited Liability Company has invested 0% in Buckeye Partners, L.P. (NYSE:BPL). Qci Asset holds 400 shares. Burney holds 0.02% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL) for 6,310 shares. Johnson Gp holds 0% or 200 shares. Blackhill Cap reported 26,067 shares. Moors And Cabot accumulated 33,889 shares. Retail Bank Of Montreal Can has invested 0.08% in Buckeye Partners, L.P. (NYSE:BPL). Moreover, Maple Capital has 0.15% invested in Buckeye Partners, L.P. (NYSE:BPL). Landscape Management Limited Liability Company has invested 0.1% in Buckeye Partners, L.P. (NYSE:BPL). Cadence Bankshares Na has 0.26% invested in Buckeye Partners, L.P. (NYSE:BPL). Ing Groep Nv stated it has 50,000 shares. Bridges Counsel reported 17,758 shares.

Since March 9, 2018, it had 1 buying transaction, and 1 sale for $445,244 activity. $483,707 worth of Buckeye Partners, L.P. (NYSE:BPL) shares were sold by Sauger Joseph.

Bank Of Stockton, which manages about $243.30M US Long portfolio, upped its stake in Ishares: Msci Eafe Small Cap (SCZ) by 20,935 shares to 113,500 shares, valued at $7.32 million in 2017Q4, according to the filing. It also increased its holding in Phillips 66 (NYSE:PSX) by 3,400 shares in the quarter, for a total of 10,427 shares, and has risen its stake in Guggenheim Midcap Pure Gr (RFG).

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company had 99 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Monday, October 19 by Stifel Nicolaus. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, April 3. The firm has “Buy” rating given on Monday, August 17 by S&P Research. The company was downgraded on Friday, July 21 by CFRA. The firm has “Buy” rating given on Monday, October 23 by RBC Capital Markets. The rating was maintained by J.P. Morgan with “Sell” on Thursday, March 29. The firm has “Hold” rating by Cowen & Co given on Monday, June 12. The firm has “Hold” rating given on Monday, July 17 by Oppenheimer. The firm has “Buy” rating by S&P Research given on Wednesday, October 14. The rating was downgraded by RBC Capital Markets on Tuesday, November 14 to “Sector Perform”.

General Electric Company (NYSE:GE) Institutional Positions Chart

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