Denver Investment Advisors Cut Lexington Realty Trust (LXP) Stake by $594,333 as Share Value Declined; Aviance Capital Management Position in Public Service Enterprise Group (PEG) Cut by $724,965

April 17, 2018 - By Hazel Jackson

Public Service Enterprise Group Incorporated (NYSE:PEG) Logo

Aviance Capital Management Llc decreased its stake in Public Service Enterprise Group Inc (PEG) by 9.7% based on its latest 2017Q4 regulatory filing with the SEC. Aviance Capital Management Llc sold 14,215 shares as the company’s stock declined 3.43% with the market. The institutional investor held 132,327 shares of the power generation company at the end of 2017Q4, valued at $6.82 million, down from 146,542 at the end of the previous reported quarter. Aviance Capital Management Llc who had been investing in Public Service Enterprise Group Inc for a number of months, seems to be less bullish one the $25.45 billion market cap company. The stock increased 1.06% or $0.53 during the last trading session, reaching $50.41. About 3.03 million shares traded. Public Service Enterprise Group Incorporated (NYSE:PEG) has risen 10.24% since April 17, 2017 and is uptrending. It has underperformed by 1.31% the S&P500.

Denver Investment Advisors Llc decreased its stake in Lexington Realty Trust (LXP) by 4.55% based on its latest 2017Q4 regulatory filing with the SEC. Denver Investment Advisors Llc sold 66,037 shares as the company’s stock declined 19.69% with the market. The hedge fund held 1.39 million shares of the real estate investment trusts company at the end of 2017Q4, valued at $13.37 million, down from 1.45M at the end of the previous reported quarter. Denver Investment Advisors Llc who had been investing in Lexington Realty Trust for a number of months, seems to be less bullish one the $1.92 billion market cap company. The stock increased 0.51% or $0.04 during the last trading session, reaching $7.86. About 1.32 million shares traded or 12.61% up from the average. Lexington Realty Trust (NYSE:LXP) has declined 22.70% since April 17, 2017 and is downtrending. It has underperformed by 34.25% the S&P500.

Analysts await Lexington Realty Trust (NYSE:LXP) to report earnings on May, 8. They expect $0.25 earnings per share, up 8.70% or $0.02 from last year’s $0.23 per share. LXP’s profit will be $61.10M for 7.86 P/E if the $0.25 EPS becomes a reality. After $0.26 actual earnings per share reported by Lexington Realty Trust for the previous quarter, Wall Street now forecasts -3.85% negative EPS growth.

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.33, from 1.33 in 2017Q3. It worsened, as 18 investors sold LXP shares while 80 reduced holdings. 36 funds opened positions while 62 raised stakes. 176.11 million shares or 0.18% less from 176.43 million shares in 2017Q3 were reported. 39,813 were reported by Profund Advsrs Lc. Sg Americas Secs Limited Company reported 0.01% of its portfolio in Lexington Realty Trust (NYSE:LXP). Maryland-based Price T Rowe Associates Md has invested 0% in Lexington Realty Trust (NYSE:LXP). X Mgmt Limited Company reported 0.18% stake. Asset owns 12,557 shares. Fifth Third Bank invested 0% in Lexington Realty Trust (NYSE:LXP). State Street Corp invested 0.01% of its portfolio in Lexington Realty Trust (NYSE:LXP). 49,040 were reported by Lpl Limited Liability Company. Louisiana State Employees Retirement owns 93,200 shares or 0.04% of their US portfolio. Texas-based Dimensional Fund Advisors LP has invested 0.01% in Lexington Realty Trust (NYSE:LXP). Parametric Portfolio Associate Ltd Liability Co accumulated 725,996 shares. Teacher Retirement Systems Of Texas reported 74,419 shares. Foundry Limited Liability Co reported 0.46% of its portfolio in Lexington Realty Trust (NYSE:LXP). Shufro Rose Co Ltd holds 0.03% or 30,216 shares. Eii Cap Mgmt has 41,633 shares.

Denver Investment Advisors Llc, which manages about $9.81B and $2.01B US Long portfolio, upped its stake in Fnb Corp (NYSE:FNB) by 101,910 shares to 1.52M shares, valued at $21.04 million in 2017Q4, according to the filing. It also increased its holding in Guidewire Software Inc (NYSE:GWRE) by 5,197 shares in the quarter, for a total of 11,600 shares, and has risen its stake in Watts Water Technologies (NYSE:WTS).

Among 11 analysts covering Lexington Realty (NYSE:LXP), 0 have Buy rating, 2 Sell and 9 Hold. Therefore 0 are positive. Lexington Realty had 26 analyst reports since September 8, 2015 according to SRatingsIntel. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, August 8. The stock has “Hold” rating by Stifel Nicolaus on Monday, September 18. Jefferies maintained the stock with “Hold” rating in Monday, September 18 report. The company was maintained on Monday, October 23 by Jefferies. On Monday, October 23 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The firm earned “Hold” rating on Friday, September 22 by KeyBanc Capital Markets. The firm earned “Underweight” rating on Tuesday, March 20 by Barclays Capital. Bank of America downgraded Lexington Realty Trust (NYSE:LXP) on Tuesday, March 29 to “Underperform” rating. The firm earned “Neutral” rating on Thursday, May 19 by Ladenburg Thalmann. Evercore downgraded the stock to “Hold” rating in Monday, June 13 report.

Analysts await Public Service Enterprise Group Incorporated (NYSE:PEG) to report earnings on April, 30 before the open. They expect $0.92 EPS, 0.00% or $0.00 from last year’s $0.92 per share. PEG’s profit will be $464.38M for 13.70 P/E if the $0.92 EPS becomes a reality. After $0.57 actual EPS reported by Public Service Enterprise Group Incorporated for the previous quarter, Wall Street now forecasts 61.40% EPS growth.

Among 16 analysts covering Public Service Enterprise Group Incorporated (NYSE:PEG), 10 have Buy rating, 1 Sell and 5 Hold. Therefore 63% are positive. Public Service Enterprise Group Incorporated had 58 analyst reports since September 11, 2015 according to SRatingsIntel. The rating was initiated by JP Morgan with “Neutral” on Friday, September 11. Guggenheim maintained Public Service Enterprise Group Incorporated (NYSE:PEG) rating on Tuesday, January 2. Guggenheim has “Buy” rating and $58.0 target. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, September 8 report. The firm earned “Hold” rating on Sunday, September 3 by RBC Capital Markets. The firm has “Buy” rating by Argus Research given on Thursday, February 25. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, March 8. The rating was downgraded by Bank of America to “Underperform” on Tuesday, June 7. RBC Capital Markets maintained the stock with “Hold” rating in Sunday, November 5 report. The firm earned “Hold” rating on Thursday, February 1 by RBC Capital Markets. The firm has “Hold” rating given on Friday, March 2 by Mizuho.

Investors sentiment decreased to 1.03 in 2017 Q4. Its down 0.03, from 1.06 in 2017Q3. It dived, as 32 investors sold PEG shares while 227 reduced holdings. 73 funds opened positions while 195 raised stakes. 332.49 million shares or 1.41% more from 327.87 million shares in 2017Q3 were reported. Horizon Investment Services Limited Com reported 0.27% stake. Exxonmobil Invest Mngmt Tx stated it has 0.11% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG). First Midwest Financial Bank Trust Division holds 11,008 shares or 0.07% of its portfolio. Alpha Windward Ltd Liability owns 0.15% invested in Public Service Enterprise Group Incorporated (NYSE:PEG) for 4,912 shares. Meeder Asset Inc accumulated 6,626 shares. Comerica Securities Inc owns 5,195 shares for 0.03% of their portfolio. Comerica Comml Bank has invested 0.07% in Public Service Enterprise Group Incorporated (NYSE:PEG). 768,642 were reported by Apg Asset Management Nv. Commonwealth Of Pennsylvania Public School Empls Retrmt System invested in 45,264 shares or 0.03% of the stock. Envestnet Asset reported 104,787 shares stake. Lazard Asset Mngmt Lc stated it has 142,175 shares or 0.01% of all its holdings. Cipher Lp owns 6,240 shares. Jackson Wealth Management Limited Liability has 0.18% invested in Public Service Enterprise Group Incorporated (NYSE:PEG). Schwab Charles Inv Mngmt holds 0.08% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG) for 1.89M shares. Fort Washington Invest Advsr Oh holds 0% or 6,407 shares in its portfolio.

Aviance Capital Management Llc, which manages about $2.20B and $1.40B US Long portfolio, upped its stake in Financial Select Sector Spdr Etf (XLF) by 123,194 shares to 1.46M shares, valued at $40.79 million in 2017Q4, according to the filing. It also increased its holding in Ishares Transportation Average (IYT) by 6,922 shares in the quarter, for a total of 9,006 shares, and has risen its stake in Walt Disney Co (NYSE:DIS).

Public Service Enterprise Group Incorporated (NYSE:PEG) Institutional Positions Chart

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