Kensico Capital Management Position in American Intl Group (AIG) Has Lowered by $77.84 Million; As Enbridge Energy Partnerslp (EEP) Stock Price Declined, Adams Asset Advisors Has Boosted by $901,500 Its Position

January 16, 2018 - By Clifton Ray

Michael Lowenstein decreased its stake in American Intl Group Inc (AIG) by 16.1% based on its latest 2017Q3 regulatory filing with the SEC. Kensico Capital Management Corp sold 1.28M shares as the company’s stock declined 2.08% while stock markets rallied. The hedge fund run by Michael Lowenstein held 6.65 million shares of the finance company at the end of 2017Q3, valued at $408.31 million, down from 7.93 million at the end of the previous reported quarter. Kensico Capital Management Corp who had been investing in American Intl Group Inc for a number of months, seems to be less bullish one the $54.97 billion market cap company. The stock increased 0.29% or $0.175 during the last trading session, reaching $61.145. About 2.56M shares traded. American International Group, Inc. (NYSE:AIG) has risen 8.59% since January 16, 2017 and is uptrending. It has underperformed by 8.11% the S&P500.

Adams Asset Advisors Llc increased its stake in Enbridge Energy Partnerslp (EEP) by 20.42% based on its latest 2017Q3 regulatory filing with the SEC. Adams Asset Advisors Llc bought 60,100 shares as the company’s stock declined 3.34% while stock markets rallied. The institutional investor held 354,418 shares of the energy company at the end of 2017Q3, valued at $5.66 million, up from 294,318 at the end of the previous reported quarter. Adams Asset Advisors Llc who had been investing in Enbridge Energy Partnerslp for a number of months, seems to be bullish on the $6.44 billion market cap company. The stock increased 0.33% or $0.05 during the last trading session, reaching $15.26. About 724,023 shares traded. Enbridge Energy Partners, L.P. (NYSE:EEP) has declined 18.43% since January 16, 2017 and is downtrending. It has underperformed by 35.13% the S&P500.

Among 18 analysts covering Enbridge Energy Partners (NYSE:EEP), 7 have Buy rating, 1 Sell and 10 Hold. Therefore 39% are positive. Enbridge Energy Partners had 44 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Ladenburg Thalmann on Tuesday, November 1. The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) has “Buy” rating given on Friday, September 30 by Mizuho. RBC Capital Markets maintained Enbridge Energy Partners, L.P. (NYSE:EEP) on Monday, June 5 with “Hold” rating. The rating was downgraded by Credit Suisse to “Neutral” on Tuesday, November 3. The rating was maintained by Morgan Stanley on Friday, November 17 with “Equal-Weight”. The rating was reinitiated by Piper Jaffray on Friday, April 1 with “Neutral”. FBR Capital initiated Enbridge Energy Partners, L.P. (NYSE:EEP) on Friday, September 9 with “Outperform” rating. FBR Capital maintained the stock with “Outperform” rating in Tuesday, January 31 report. The company was maintained on Sunday, October 22 by RBC Capital Markets. The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) earned “Outperform” rating by Credit Suisse on Monday, December 21.

Investors sentiment decreased to 0.82 in 2017 Q3. Its down 0.25, from 1.07 in 2017Q2. It turned negative, as 21 investors sold EEP shares while 72 reduced holdings. 17 funds opened positions while 59 raised stakes. 136.85 million shares or 3.46% more from 132.27 million shares in 2017Q2 were reported. Thompson Siegel Walmsley Lc invested in 463 shares. Park Circle holds 10,000 shares or 0.09% of its portfolio. Private Advisor Group Limited Liability holds 0.01% or 26,068 shares. Summit Equities stated it has 0.17% of its portfolio in Enbridge Energy Partners, L.P. (NYSE:EEP). 548,200 were reported by Travelers Companies. Cullen Frost Bankers Inc invested 0.01% in Enbridge Energy Partners, L.P. (NYSE:EEP). North Carolina-based Salem Counselors Inc has invested 0.01% in Enbridge Energy Partners, L.P. (NYSE:EEP). Accredited Invsts, Minnesota-based fund reported 20,000 shares. Northern Trust Corp has 93,177 shares for 0% of their portfolio. Advisory Research reported 1.35% in Enbridge Energy Partners, L.P. (NYSE:EEP). Goldman Sachs Gru Inc reported 0.02% of its portfolio in Enbridge Energy Partners, L.P. (NYSE:EEP). Ray Gerald L & Assocs Limited accumulated 20,050 shares. Associated Banc invested in 0.03% or 33,313 shares. Trust Company Of Vermont stated it has 0% in Enbridge Energy Partners, L.P. (NYSE:EEP). 109,953 are owned by Guggenheim Ltd.

Adams Asset Advisors Llc, which manages about $828.72 million and $733.52 million US Long portfolio, decreased its stake in Conocophillips (NYSE:COP) by 119,228 shares to 46,609 shares, valued at $2.33M in 2017Q3, according to the filing. It also reduced its holding in Myriad Genetics Inc (NASDAQ:MYGN) by 48,906 shares in the quarter, leaving it with 39,301 shares, and cut its stake in Sunoco Lp (NYSE:SUN).

Analysts await American International Group, Inc. (NYSE:AIG) to report earnings on February, 8 after the close. They expect $1.00 EPS, up 19.05% or $0.16 from last year’s $0.84 per share. AIG’s profit will be $898.96 million for 15.29 P/E if the $1.00 EPS becomes a reality. After $-1.22 actual EPS reported by American International Group, Inc. for the previous quarter, Wall Street now forecasts -181.97% EPS growth.

Investors sentiment increased to 0.79 in 2017 Q3. Its up 0.15, from 0.64 in 2017Q2. It increased, as 72 investors sold AIG shares while 293 reduced holdings. 78 funds opened positions while 211 raised stakes. 748.00 million shares or 0.80% more from 742.03 million shares in 2017Q2 were reported. Bar Harbor Trust Service owns 1.85% invested in American International Group, Inc. (NYSE:AIG) for 56,685 shares. Retirement Systems Of Alabama accumulated 0.23% or 719,023 shares. Cornerstone Advisors holds 0.08% or 1,812 shares. Texas Permanent School Fund holds 250,361 shares. Icon Advisers Inc Com reported 0.64% stake. Loeb Corp reported 7,500 shares. 8,520 were accumulated by Busey Tru. Cramer Rosenthal Mcglynn Limited Liability has 773,380 shares. Blair William Co Il holds 32,146 shares. Chicago Equity Lc invested 0.05% in American International Group, Inc. (NYSE:AIG). Allen Investment Ltd Company holds 0.1% or 34,243 shares in its portfolio. Jnba Financial Advsrs has invested 0% in American International Group, Inc. (NYSE:AIG). Ejf Cap Ltd reported 75,000 shares or 0.48% of all its holdings. Sentinel Trust Lba holds 80,170 shares. Hollencrest Ltd Liability Com accumulated 4,184 shares.

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