Third Point Lowered Its Union Pac (UNP) Stake, First Trust Energy Infrastructure Fund (FIF)’s Sentiment Is 2.2

July 17, 2017 - By wolcottdaily

Third Point Llc decreased Union Pac Corp (UNP) stake by 8% reported in 2016Q4 SEC filing. Third Point Llc sold 100,000 shares as Union Pac Corp (UNP)’s stock declined 2.52%. The Third Point Llc holds 1.15M shares with $119.23 million value, down from 1.25M last quarter. Union Pac Corp now has $88.53 billion valuation. The stock declined 0.52% or $0.57 reaching $108.96 per share. About 1.07M shares traded. Union Pacific Corporation (NYSE:UNP) has risen 31.45% since July 17, 2016 and is uptrending. It has outperformed by 14.75% the S&P500.

First Trust Energy Infrastructure Fund is a non-diversified, closed-end management investment company. The company has market cap of $327.31 million. The Fund’s investment objective is to seek a high level of total return with an emphasis on current distributions paid to shareholders. It currently has negative earnings. The Fund invests primarily in securities of companies engaged in the energy infrastructure sector, including publicly-traded master limited partnerships (MLPs) and limited liability companies taxed as partnerships, MLP affiliates, yield firms (YieldCos), pipeline companies, utilities, and other companies that derive at least 50% of their revenues from operating or providing services in support of infrastructure assets, such as pipelines, power transmission, and petroleum and natural gas storage in the petroleum, natural gas and power generation industries.

About 24,752 shares traded. First Trust Energy Infrastructure Fund (FIF) has risen 11.19% since July 17, 2016 and is uptrending. It has underperformed by 5.51% the S&P500.

Thomas J. Herzfeld Advisors Inc. holds 1.03% of its portfolio in First Trust Energy Infrastructure Fund for 123,969 shares. Sterneck Capital Management Llc owns 41,478 shares or 0.48% of their US portfolio. Moreover, Doliver Capital Advisors Inc. has 0.3% invested in the company for 19,606 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.26% in the stock. Partnervest Advisory Services Llc, a California-based fund reported 18,451 shares.

Analysts await Union Pacific Corporation (NYSE:UNP) to report earnings on July, 20 before the open. They expect $1.37 earnings per share, up 17.09% or $0.20 from last year’s $1.17 per share. UNP’s profit will be $1.11B for 19.88 P/E if the $1.37 EPS becomes a reality. After $1.32 actual earnings per share reported by Union Pacific Corporation for the previous quarter, Wall Street now forecasts 3.79% EPS growth.

Investors sentiment increased to 0.89 in 2016 Q4. Its up 0.02, from 0.87 in 2016Q3. It improved, as 55 investors sold UNP shares while 509 reduced holdings. 112 funds opened positions while 390 raised stakes. 620.05 million shares or 0.84% less from 625.33 million shares in 2016Q3 were reported. Beck Mack Oliver Limited Liability owns 1.21% invested in Union Pacific Corporation (NYSE:UNP) for 325,805 shares. Appleton Partners Ma stated it has 19,074 shares. Sand Hill Global has invested 0.04% in Union Pacific Corporation (NYSE:UNP). Welch Ltd Co reported 8,781 shares. 23,326 are held by Fruth Management. Bnp Paribas Arbitrage Sa holds 0.04% or 89,892 shares. Pinnacle Associates Ltd accumulated 71,060 shares. Massachusetts-based Foster Dykema Cabot And Ma has invested 0.08% in Union Pacific Corporation (NYSE:UNP). Usca Ria Limited Liability Company holds 0.07% of its portfolio in Union Pacific Corporation (NYSE:UNP) for 4,195 shares. Blair William & Il accumulated 0.6% or 649,902 shares. Drexel Morgan & Com holds 2.2% of its portfolio in Union Pacific Corporation (NYSE:UNP) for 17,848 shares. Bb&T Securities Limited Liability holds 0.29% of its portfolio in Union Pacific Corporation (NYSE:UNP) for 196,608 shares. Moody Natl Bank Tru Division accumulated 10,797 shares. Amica Retiree Medical holds 0.45% or 5,470 shares. Pittenger & Anderson holds 0.68% or 61,481 shares.

Since January 25, 2017, it had 0 insider buys, and 2 sales for $545,019 activity. Whited Elizabeth F had sold 1,000 shares worth $106,890. $438,129 worth of stock was sold by Card Andrew H JR on Wednesday, January 25.

Among 23 analysts covering Union Pacific Corporation (NYSE:UNP), 13 have Buy rating, 1 Sell and 9 Hold. Therefore 57% are positive. Union Pacific Corporation had 59 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Union Pacific Corporation (NYSE:UNP) has “Sector Perform” rating given on Friday, October 21 by RBC Capital Markets. As per Friday, December 4, the company rating was downgraded by Bank of America. The firm has “Buy” rating by Citigroup given on Friday, October 2. The company was maintained on Thursday, October 22 by Cowen & Co. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, June 1. The company was downgraded on Tuesday, February 23 by Morgan Stanley. As per Friday, October 23, the company rating was maintained by Deutsche Bank. The firm earned “Buy” rating on Monday, January 25 by Argus Research. The stock has “Buy” rating by Seaport Global on Monday, October 24. Credit Suisse maintained Union Pacific Corporation (NYSE:UNP) rating on Friday, February 19. Credit Suisse has “Outperform” rating and $91 target.

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