Carl Domino Upped Bank Amer (BAC) Stake by $1.13 Million; Nextera Energy (NEE) Stock Rose While Loeb Partners Decreased Its Holding

February 17, 2018 - By Migdalia James

Loeb Partners Corporation decreased its stake in Nextera Energy Inc (NEE) by 53.33% based on its latest 2017Q3 regulatory filing with the SEC. Loeb Partners Corporation sold 8,000 shares as the company’s stock rose 8.22% with the market. The institutional investor held 7,000 shares of the public utilities company at the end of 2017Q3, valued at $1.03M, down from 15,000 at the end of the previous reported quarter. Loeb Partners Corporation who had been investing in Nextera Energy Inc for a number of months, seems to be less bullish one the $73.41 billion market cap company. The stock increased 1.05% or $1.62 during the last trading session, reaching $156.05. About 1.64M shares traded. NextEra Energy, Inc. (NYSE:NEE) has risen 15.94% since February 17, 2017 and is uptrending. It has underperformed by 0.76% the S&P500.

Carl Domino Inc increased its stake in Bank Amer Corp (BAC) by 138.16% based on its latest 2017Q3 regulatory filing with the SEC. Carl Domino Inc bought 45,119 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 77,777 shares of the major banks company at the end of 2017Q3, valued at $1.97M, up from 32,658 at the end of the previous reported quarter. Carl Domino Inc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $328.89B market cap company. The stock decreased 0.75% or $0.24 during the last trading session, reaching $31.97. About 62.14 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 17, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.08, from 1.12 in 2017Q2. It worsened, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Sawgrass Asset Management Ltd holds 0.04% or 33,384 shares. 1.06M are held by Three Corner Glob Lp. Swarthmore Grp Inc stated it has 2.09% of its portfolio in Bank of America Corporation (NYSE:BAC). Guardian Life Insur Of America accumulated 0.09% or 22,327 shares. Sumitomo Mitsui Asset Mgmt Ltd invested 0.3% of its portfolio in Bank of America Corporation (NYSE:BAC). Allen Invest Management Limited Liability Com accumulated 30,179 shares. Jane Street Grp Ltd Company has 0.16% invested in Bank of America Corporation (NYSE:BAC) for 1.89 million shares. Kj Harrison Prtnrs has invested 0.79% in Bank of America Corporation (NYSE:BAC). Savant Limited Company holds 50,048 shares. Centurylink Management invested in 72,084 shares. Oregon Pub Employees Retirement Fund invested in 1.55% or 3.80M shares. Skba Capital Mgmt Ltd Liability Com holds 0.08% of its portfolio in Bank of America Corporation (NYSE:BAC) for 21,930 shares. Alabama-based Leavell Mgmt Inc has invested 0.06% in Bank of America Corporation (NYSE:BAC). Gabelli Advisers Inc invested in 108,729 shares. Virtu Financial Llc holds 0.1% or 118,848 shares in its portfolio.

Carl Domino Inc, which manages about $237.47M and $81.96 million US Long portfolio, decreased its stake in Brocade Communications Sys I (NASDAQ:BRCD) by 33,500 shares to 17,250 shares, valued at $206,000 in 2017Q3, according to the filing.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 106 analyst reports since July 21, 2015 according to SRatingsIntel. Oppenheimer maintained Bank of America Corporation (NYSE:BAC) on Saturday, September 5 with “Outperform” rating. The rating was downgraded by Societe Generale to “Hold” on Tuesday, September 13. Nomura maintained Bank of America Corporation (NYSE:BAC) rating on Tuesday, July 18. Nomura has “Buy” rating and $2700 target. The firm earned “Buy” rating on Wednesday, August 12 by Deutsche Bank. On Friday, October 13 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Mkt Perform” rating given on Monday, August 24 by Bruyette & Woods”. Bernstein upgraded the stock to “Mkt Perform” rating in Tuesday, August 25 report. Wood downgraded the shares of BAC in report on Monday, May 16 to “Market Perform” rating. The rating was maintained by Wells Fargo with “Outperform” on Thursday, August 10. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, October 31 report.

Since September 18, 2017, it had 0 insider purchases, and 4 sales for $6.61 million activity. KETCHUM JOHN W sold 2,900 shares worth $435,000. Pimentel Armando Jr sold $1.40 million worth of stock. Shares for $4.47M were sold by Sieving Charles E.

Loeb Partners Corporation, which manages about $405.10 million and $327.19 million US Long portfolio, upped its stake in Spdr Series Trust (KRE) by 9,000 shares to 14,000 shares, valued at $795,000 in 2017Q3, according to the filing. It also increased its holding in Select Sector Spdr Tr (XLF) by 274,200 shares in the quarter, for a total of 589,250 shares, and has risen its stake in Umh Pptys Inc (NYSE:UMH).

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