Villere St Denis J & Co Decreased Its Howard Hughes (HHC) Position by $345,840; Firstenergy Com (FE) Position Has Increased by Wealthfront Inc

April 17, 2018 - By Peter Erickson

The Howard Hughes Corporation (NYSE:HHC) Logo

Wealthfront Inc increased its stake in Firstenergy Corp Com (FE) by 485.59% based on its latest 2017Q4 regulatory filing with the SEC. Wealthfront Inc bought 61,781 shares as the company’s stock rose 13.29% while stock markets declined. The institutional investor held 74,504 shares of the central company at the end of 2017Q4, valued at $2.28M, up from 12,723 at the end of the previous reported quarter. Wealthfront Inc who had been investing in Firstenergy Corp Com for a number of months, seems to be bullish on the $16.61B market cap company. The stock increased 0.66% or $0.23 during the last trading session, reaching $34.84. About 1.54M shares traded. FirstEnergy Corp. (NYSE:FE) has risen 10.00% since April 17, 2017 and is uptrending. It has underperformed by 1.55% the S&P500.

Villere St Denis J & Co Llc decreased its stake in Howard Hughes Corp (HHC) by 0.41% based on its latest 2017Q4 regulatory filing with the SEC. Villere St Denis J & Co Llc sold 2,640 shares as the company’s stock rose 5.09% while stock markets declined. The institutional investor held 635,670 shares of the real estate investment trusts company at the end of 2017Q4, valued at $83.44 million, down from 638,310 at the end of the previous reported quarter. Villere St Denis J & Co Llc who had been investing in Howard Hughes Corp for a number of months, seems to be less bullish one the $5.97 billion market cap company. The stock increased 0.77% or $1.06 during the last trading session, reaching $138.45. About 64,824 shares traded. The Howard Hughes Corporation (NYSE:HHC) has risen 19.22% since April 17, 2017 and is uptrending. It has outperformed by 7.67% the S&P500.

Wealthfront Inc, which manages about $1.70B and $8.87 billion US Long portfolio, decreased its stake in Verizon Communications Inc Com (NYSE:VZ) by 7,781 shares to 104,305 shares, valued at $5.52 million in 2017Q4, according to the filing. It also reduced its holding in Huntington Bancshares Inc Com (NASDAQ:HBAN) by 54,770 shares in the quarter, leaving it with 94,038 shares, and cut its stake in Merck & Co Inc Com (NYSE:MRK).

Investors sentiment increased to 1.18 in Q4 2017. Its up 0.05, from 1.13 in 2017Q3. It is positive, as 34 investors sold FE shares while 157 reduced holdings. 60 funds opened positions while 166 raised stakes. 369.63 million shares or 2.53% more from 360.52 million shares in 2017Q3 were reported. Retail Bank Of America De accumulated 4.96 million shares. Eqis owns 11,004 shares. Sequoia Finance Advsr Ltd Com has invested 0.03% in FirstEnergy Corp. (NYSE:FE). San Francisco Sentry Group (Ca) stated it has 40 shares or 0% of all its holdings. Liberty Capital Management accumulated 1,000 shares or 0.02% of the stock. Moreover, Plante Moran Advisors Ltd Liability has 0.01% invested in FirstEnergy Corp. (NYSE:FE). 34,196 were reported by Alethea Capital Lc. Huntington National Bank & Trust holds 12,975 shares or 0.01% of its portfolio. 14,227 are held by Pure Finance Advsrs. First Interstate Comml Bank invested in 0.01% or 1,038 shares. Utd Svcs Automobile Association owns 0.01% invested in FirstEnergy Corp. (NYSE:FE) for 152,567 shares. Winch Advisory Serv Limited Company stated it has 94 shares. Retirement Of Alabama accumulated 319,650 shares. Employees Retirement Sys Of Texas reported 23,346 shares or 0.01% of all its holdings. Alps Advisors owns 0.31% invested in FirstEnergy Corp. (NYSE:FE) for 1.47 million shares.

Among 20 analysts covering FirstEnergy (NYSE:FE), 7 have Buy rating, 1 Sell and 12 Hold. Therefore 35% are positive. FirstEnergy had 76 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, February 1. The firm has “Market Perform” rating given on Tuesday, January 10 by Wells Fargo. The rating was downgraded by Barclays Capital to “Equal Weight” on Friday, December 2. Deutsche Bank maintained the shares of FE in report on Monday, July 31 with “Hold” rating. The firm has “Neutral” rating by Goldman Sachs given on Monday, October 19. As per Thursday, April 28, the company rating was downgraded by Jefferies. The rating was maintained by RBC Capital Markets with “Hold” on Sunday, September 10. BMO Capital Markets initiated the stock with “Underperform” rating in Thursday, January 14 report. The firm earned “Hold” rating on Monday, February 26 by Mizuho. The rating was maintained by Morgan Stanley with “Overweight” on Monday, April 16.

Among 7 analysts covering Howard Hughes (NYSE:HHC), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Howard Hughes had 12 analyst reports since August 14, 2015 according to SRatingsIntel. As per Thursday, September 24, the company rating was downgraded by TheStreet. The rating was maintained by Sandler O’Neill on Thursday, March 8 with “Hold”. Compass Point maintained the stock with “Buy” rating in Monday, May 23 report. The stock has “Hold” rating by Sandler O’Neill on Thursday, March 30. Citigroup maintained the stock with “Buy” rating in Wednesday, August 10 report. The firm earned “Buy” rating on Thursday, June 8 by BWS Financial. Citigroup initiated it with “Buy” rating and $165 target in Friday, May 13 report. The rating was maintained by JMP Securities on Sunday, August 16 with “Buy”. CJS Securities initiated the stock with “Market Outperform” rating in Monday, October 31 report. The company was maintained on Tuesday, December 8 by Compass Point.

Investors sentiment decreased to 1.31 in Q4 2017. Its down 0.14, from 1.45 in 2017Q3. It fall, as 24 investors sold HHC shares while 56 reduced holdings. 31 funds opened positions while 74 raised stakes. 33.99 million shares or 3.07% less from 35.06 million shares in 2017Q3 were reported. Prospector Ptnrs Ltd Limited Liability Company owns 0.08% invested in The Howard Hughes Corporation (NYSE:HHC) for 4,000 shares. Janney Montgomery Scott Lc owns 2,281 shares. Ubs Asset Mgmt Americas reported 29,780 shares. Fortress Gp Limited Liability Corp owns 0.01% invested in The Howard Hughes Corporation (NYSE:HHC) for 3,081 shares. Mcclain Value Mgmt has 4% invested in The Howard Hughes Corporation (NYSE:HHC). Earnest Ltd Liability Company accumulated 0% or 21 shares. Ameriprise Finance stated it has 0% of its portfolio in The Howard Hughes Corporation (NYSE:HHC). Huntington Comml Bank reported 0% stake. Cibc National Bank Usa owns 0.07% invested in The Howard Hughes Corporation (NYSE:HHC) for 4,192 shares. Moreover, Northwestern Mutual Wealth has 0% invested in The Howard Hughes Corporation (NYSE:HHC) for 29 shares. Ancora Lc invested in 0.01% or 1,875 shares. Greenleaf Trust reported 590 shares stake. Consulta stated it has 7.75% of its portfolio in The Howard Hughes Corporation (NYSE:HHC). Oxbow Advsr Ltd Liability Co stated it has 0.05% in The Howard Hughes Corporation (NYSE:HHC). Villere St Denis J Ltd accumulated 635,670 shares.

Analysts await The Howard Hughes Corporation (NYSE:HHC) to report earnings on May, 2. They expect $0.37 EPS, up 184.62% or $0.24 from last year’s $0.13 per share. HHC’s profit will be $15.95M for 93.55 P/E if the $0.37 EPS becomes a reality. After $1.28 actual EPS reported by The Howard Hughes Corporation for the previous quarter, Wall Street now forecasts -71.09% negative EPS growth.

Villere St Denis J & Co Llc, which manages about $3.49B and $1.61 billion US Long portfolio, upped its stake in Verizon Communications Inc (NYSE:VZ) by 12,105 shares to 177,555 shares, valued at $9.40M in 2017Q4, according to the filing. It also increased its holding in First Hawaiian Inc by 259,056 shares in the quarter, for a total of 1.97 million shares, and has risen its stake in Cullen Frost Bankers Inc (NYSE:CFR).

FirstEnergy Corp. (NYSE:FE) Institutional Positions Chart

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