Hayek Kallen Investment Management Trimmed Abbott Labs (ABT) Holding by $598,142 as Valuation Rose; Caisse De Depot Et Placement Du Quebec Lowered Firstenergy (FE) Stake as Market Valuation Rose

August 12, 2018 - By Mary Kidd

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Caisse De Depot Et Placement Du Quebec decreased its stake in Firstenergy Corp (FE) by 75.94% based on its latest 2018Q1 regulatory filing with the SEC. Caisse De Depot Et Placement Du Quebec sold 342,100 shares as the company’s stock rose 1.28% while stock markets declined. The institutional investor held 108,403 shares of the central company at the end of 2018Q1, valued at $3.69 million, down from 450,503 at the end of the previous reported quarter. Caisse De Depot Et Placement Du Quebec who had been investing in Firstenergy Corp for a number of months, seems to be less bullish one the $16.35 billion market cap company. The stock decreased 0.61% or $0.21 during the last trading session, reaching $34.29. About 8.44 million shares traded or 16.27% up from the average. FirstEnergy Corp. (NYSE:FE) has risen 18.16% since August 12, 2017 and is uptrending. It has outperformed by 5.59% the S&P500. Some Historical FE News: 10/05/2018 – Penn Power’s 2018 Tree Trimming Program Underway; 02/04/2018 – MOODY’S DOWNGRADES FIRSTENERGY SOLUTIONS’ PROBABILITY OF; 05/04/2018 – Trump Says Emergency Aid Sought by FirstEnergy to Be Examined; 28/03/2018 – Struggling FirstEnergy Solutions to Shutter Three Nuclear Plants; 23/04/2018 – FIRSTENERGY CEO CHUCK JONES COMMENTS ON EARNINGS CALL; 15/05/2018 – FirstEnergy CEO Jones Addresses Shareholders; 06/03/2018 – FIRSTENERGY CORP: FILES MIXED SECURITIES SHELF; 12/04/2018 – FirstEnergy’s Pennsylvania Default Service Program DSP-IV Auction: Information Session for Prospective Bidders on Wednesday, May 2, 2018; 23/04/2018 – FirstEnergy Announces Agreement in Principle with Creditors in FirstEnergy Solutions’ Chapter 11 Proceedings; 23/04/2018 – FirstEnergy Sees 2Q Loss/Shr 6c-EPS 4c

Hayek Kallen Investment Management decreased its stake in Abbott Labs (ABT) by 39.86% based on its latest 2018Q1 regulatory filing with the SEC. Hayek Kallen Investment Management sold 10,138 shares as the company’s stock rose 3.04% while stock markets declined. The institutional investor held 15,295 shares of the major pharmaceuticals company at the end of 2018Q1, valued at $916,000, down from 25,433 at the end of the previous reported quarter. Hayek Kallen Investment Management who had been investing in Abbott Labs for a number of months, seems to be less bullish one the $112.33 billion market cap company. The stock decreased 0.94% or $0.61 during the last trading session, reaching $64.03. About 3.84M shares traded. Abbott Laboratories (NYSE:ABT) has risen 41.91% since August 12, 2017 and is uptrending. It has outperformed by 29.34% the S&P500. Some Historical ABT News: 10/04/2018 – Abbott says NAFTA “had to be updated” due to technology and intellectual property challenges; 18/04/2018 – Abbott Labs Sees FY Cont Ops EPS $1.23-$1.33; 17/04/2018 – Investor Expectations to Drive Momentum within Bank of America, Abbott Laboratories, Analog Devices, Mohawk Industries, Maxwell; 28/03/2018 – BIGFOOT BIOMEDICAL SAYS HAS COMPLETED $55 MLN SERIES B EQUITY FINANCING WITH NEW INVESTMENTS FROM ABBOTT, OTHER NEW & EXISTING INVESTORS; 05/04/2018 – ABBOTT SAYS ISS REPORT INCORRECT, UNRELIABLE; 18/05/2018 – Texas Gov. Abbott: Suspected Shooter Has No Criminal History; 23/04/2018 – ABBOTT LABORATORIES – CO, SANQUIN SIGN MULTIPLE-YEAR CONTRACT FOR SUPPLY OF PRIMARY SEROLOGICAL EQUIPMENT AND CONSUMABLES; 18/04/2018 – ABBOTT LABORATORIES – QTRLY TOTAL NUTRITION SALES $ 1,756 MLN VS $1,642 MLN REPORTED LAST YEAR; 28/03/2018 – Abbott and Bigfoot previously agreed to integrate Abbott’s new continuous glucose monitor, FreeStyle Libre, with Bigfoot’s insulin delivery systems; 23/05/2018 – ABBOTT – NEWEST GENERATION OF LEADING HEART STENT NOW APPROVED IN U.S. FOR PEOPLE WITH CORONARY ARTERY DISEASE

Among 26 analysts covering Abbott Laboratories (NYSE:ABT), 19 have Buy rating, 0 Sell and 7 Hold. Therefore 73% are positive. Abbott Laboratories had 109 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Saturday, August 29 by BTIG Research. The stock has “Buy” rating by RBC Capital Markets on Thursday, October 19. On Tuesday, March 15 the stock rating was maintained by Jefferies with “Buy”. As per Tuesday, December 12, the company rating was upgraded by BMO Capital Markets. The company was downgraded on Friday, January 29 by William Blair. Jefferies maintained the stock with “Buy” rating in Tuesday, June 14 report. The firm has “Neutral” rating by BTIG Research given on Monday, January 22. As per Thursday, September 28, the company rating was maintained by Wells Fargo. The firm has “Hold” rating given on Monday, July 10 by BMO Capital Markets. Jefferies maintained Abbott Laboratories (NYSE:ABT) on Thursday, August 4 with “Buy” rating.

Investors sentiment decreased to 0.83 in 2018 Q1. Its down 0.08, from 0.91 in 2017Q4. It is negative, as 44 investors sold ABT shares while 606 reduced holdings. 126 funds opened positions while 411 raised stakes. 1.22 billion shares or 0.54% more from 1.22 billion shares in 2017Q4 were reported. Pura Vida Invs Limited Company holds 60,500 shares. Lowe Brockenbrough And Inc reported 0.55% of its portfolio in Abbott Laboratories (NYSE:ABT). Mufg Americas Corp holds 0.63% in Abbott Laboratories (NYSE:ABT) or 334,023 shares. Credit Agricole S A has invested 0.41% in Abbott Laboratories (NYSE:ABT). Salem Mgmt reported 0.81% in Abbott Laboratories (NYSE:ABT). Ally Financial has 0.22% invested in Abbott Laboratories (NYSE:ABT). Catawba Cap Management Va has invested 0.6% in Abbott Laboratories (NYSE:ABT). Manchester Mgmt Lc invested in 0.08% or 8,294 shares. Da Davidson And owns 181,770 shares or 0.23% of their US portfolio. Highland Cap Management LP holds 0.35% or 113,446 shares. Strs Ohio has invested 0.34% in Abbott Laboratories (NYSE:ABT). Cibc Asset holds 153,059 shares. Bokf Na reported 240,346 shares. Montag & Caldwell Lc invested in 3.55% or 1.63 million shares. Dearborn Prtnrs Limited Liability Corp reported 60,508 shares.

Since February 16, 2018, it had 1 insider purchase, and 21 sales for $8.90 million activity. CAPEK JOHN M had sold 64,900 shares worth $4.22 million on Wednesday, July 25. Blaser Brian J had sold 15,100 shares worth $965,789 on Tuesday, July 24. Fussell Stephen R sold $667,804 worth of stock. Contreras Jaime sold $375,381 worth of Abbott Laboratories (NYSE:ABT) on Wednesday, February 28. Shares for $2.43M were bought by STARKS DANIEL J on Tuesday, February 27. Watkin Jared had sold 996 shares worth $58,635.

Analysts await Abbott Laboratories (NYSE:ABT) to report earnings on October, 17. They expect $0.74 earnings per share, up 12.12% or $0.08 from last year’s $0.66 per share. ABT’s profit will be $1.30B for 21.63 P/E if the $0.74 EPS becomes a reality. After $0.73 actual earnings per share reported by Abbott Laboratories for the previous quarter, Wall Street now forecasts 1.37% EPS growth.

More news for Abbott Laboratories (NYSE:ABT) were recently published by: Benzinga.com, which released: “Earnings Preview For Abbott Laboratories” on July 17, 2018. Seekingalpha.com‘s article titled: “If AbbVie Is A Buy, What About Abbott?” and published on July 20, 2018 is yet another important article.

Analysts await FirstEnergy Corp. (NYSE:FE) to report earnings on October, 25. They expect $0.69 earnings per share, down 28.87% or $0.28 from last year’s $0.97 per share. FE’s profit will be $329.02 million for 12.42 P/E if the $0.69 EPS becomes a reality. After $0.62 actual earnings per share reported by FirstEnergy Corp. for the previous quarter, Wall Street now forecasts 11.29% EPS growth.

Among 21 analysts covering FirstEnergy (NYSE:FE), 9 have Buy rating, 1 Sell and 11 Hold. Therefore 43% are positive. FirstEnergy had 85 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Hold” rating and $35.0 target in Thursday, February 1 report. The firm has “Overweight” rating given on Tuesday, April 24 by Morgan Stanley. The stock of FirstEnergy Corp. (NYSE:FE) has “Sell” rating given on Tuesday, July 26 by Goldman Sachs. The rating was upgraded by Citigroup to “Neutral” on Tuesday, October 18. The company was downgraded on Tuesday, January 10 by Wells Fargo. On Wednesday, December 2 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Hold” rating by Deutsche Bank given on Monday, July 31. The stock of FirstEnergy Corp. (NYSE:FE) has “Equal-Weight” rating given on Monday, May 9 by Barclays Capital. The stock of FirstEnergy Corp. (NYSE:FE) earned “Neutral” rating by JP Morgan on Thursday, October 12. The firm earned “Overweight” rating on Friday, March 18 by Barclays Capital.

Investors sentiment decreased to 1.13 in Q1 2018. Its down 0.05, from 1.18 in 2017Q4. It fall, as 49 investors sold FE shares while 151 reduced holdings. 65 funds opened positions while 160 raised stakes. 442.23 million shares or 19.64% more from 369.63 million shares in 2017Q4 were reported. Northern Corp owns 5.53 million shares for 0.05% of their portfolio. New York-based Ibm Retirement Fund has invested 0.08% in FirstEnergy Corp. (NYSE:FE). Qs Investors Lc reported 260,747 shares or 0.09% of all its holdings. Fisher Asset Mgmt Limited Liability holds 0% of its portfolio in FirstEnergy Corp. (NYSE:FE) for 22,751 shares. Balyasny Asset Mngmt Ltd Llc reported 1.68M shares. Pictet Asset holds 3.18 million shares or 0.27% of its portfolio. Aqr Capital Mgmt Limited Liability Company owns 184,448 shares for 0.01% of their portfolio. Cohen & Steers invested in 2.31M shares. Bowling Port Management Limited Liability Com has invested 0.6% in FirstEnergy Corp. (NYSE:FE). Patten Gp stated it has 0% of its portfolio in FirstEnergy Corp. (NYSE:FE). Virginia-based Bb&T Ltd Liability Co has invested 0.02% in FirstEnergy Corp. (NYSE:FE). Moreover, Dimensional Fund Advsr LP has 0.01% invested in FirstEnergy Corp. (NYSE:FE) for 1.00 million shares. The California-based Hanson Mcclain has invested 0% in FirstEnergy Corp. (NYSE:FE). Dekabank Deutsche Girozentrale holds 50,426 shares. Carroll Associates Inc owns 1,473 shares for 0.01% of their portfolio.

Caisse De Depot Et Placement Du Quebec, which manages about $41.31 billion US Long portfolio, upped its stake in Dish Network Corp (NASDAQ:DISH) by 18,200 shares to 85,823 shares, valued at $3.25 million in 2018Q1, according to the filing. It also increased its holding in Verizon Communications Inc (NYSE:VZ) by 107,100 shares in the quarter, for a total of 2.09 million shares, and has risen its stake in Ihs Markit Ltd.

Another recent and important FirstEnergy Corp. (NYSE:FE) news was published by Seekingalpha.com which published an article titled: “FirstEnergy: Solid Income At An Inexpensive Valuation” on August 08, 2018.

FirstEnergy Corp. (NYSE:FE) Institutional Positions Chart

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