Banco Bradesco SA (ADR) (BBD) Reaches $8.19 After 9.00% Up Move, Brookfield Asset Management Upped Sempra Energy (SRE) Position

June 26, 2017 - By Vivian Park

The stock of Banco Bradesco SA (ADR) (NYSE:BBD) is a huge mover today! About 2.52M shares traded. Banco Bradesco SA (ADR) (NYSE:BBD) has risen 43.32% since June 26, 2016 and is uptrending. It has outperformed by 26.62% the S&P500.The move comes after 6 months positive chart setup for the $49.28 billion company. It was reported on Jun, 26 by Barchart.com. We have $8.93 PT which if reached, will make NYSE:BBD worth $4.44 billion more.

Brookfield Asset Management Inc increased Sempra Energy (SRE) stake by 13.83% reported in 2016Q4 SEC filing. Brookfield Asset Management Inc acquired 88,000 shares as Sempra Energy (SRE)’s stock rose 5.34%. The Brookfield Asset Management Inc holds 724,085 shares with $72.87 million value, up from 636,085 last quarter. Sempra Energy now has $28.45B valuation. The stock rose 1.13% or $1.28 reaching $114.09 per share. About 249,211 shares traded. Sempra Energy (NYSE:SRE) has risen 8.27% since June 26, 2016 and is uptrending. It has underperformed by 8.43% the S&P500.

Investors sentiment increased to 1.08 in 2016 Q4. Its up 0.13, from 0.95 in 2016Q3. It improved, as 28 investors sold SRE shares while 185 reduced holdings. 71 funds opened positions while 158 raised stakes. 197.68 million shares or 0.18% more from 197.32 million shares in 2016Q3 were reported. New York-based Allsquare Wealth Mngmt Limited has invested 0.03% in Sempra Energy (NYSE:SRE). D E Shaw & Incorporated reported 416,739 shares. Fred Alger Mngmt holds 11,991 shares. Moreover, Vigilant Cap Management Limited Co has 0% invested in Sempra Energy (NYSE:SRE). Neuberger Berman Grp Limited Liability has 296,804 shares. 2,130 were accumulated by Jarislowsky Fraser Ltd. Duff And Phelps Invest Mngmt invested 1.48% of its portfolio in Sempra Energy (NYSE:SRE). Teacher Retirement System Of Texas has 0.18% invested in Sempra Energy (NYSE:SRE) for 246,298 shares. Sterling Strategies Limited Liability Company invested in 4,346 shares or 1.78% of the stock. Robeco Institutional Asset Mgmt Bv holds 915 shares or 0% of its portfolio. Netherlands-based Apg Asset Mngmt Nv has invested 0.09% in Sempra Energy (NYSE:SRE). Adirondack has 30 shares. Weatherly Asset Ltd Partnership invested in 4,425 shares or 0.14% of the stock. Tiaa Cref Invest Mngmt Ltd Liability Com holds 2.01 million shares or 0.15% of its portfolio. Van Eck Associates Corporation holds 0% of its portfolio in Sempra Energy (NYSE:SRE) for 1,828 shares.

Since January 10, 2017, it had 0 insider buys, and 9 sales for $8.28 million activity. Another trade for 6,472 shares valued at $660,791 was made by HOUSEHOLDER JOSEPH A on Tuesday, January 24. OUCHI WILLIAM G had sold 600 shares worth $65,922 on Thursday, March 2. $293,613 worth of Sempra Energy (NYSE:SRE) shares were sold by ROWLAND G JOYCE. 17,300 shares were sold by REED DEBRA L, worth $1.77 million on Monday, January 23. 2,233 shares valued at $234,465 were sold by DAVIS STEVEN D on Monday, February 13. $1.67 million worth of Sempra Energy (NYSE:SRE) was sold by RUTLEDGE WILLIAM P. Another trade for 4,266 shares valued at $430,673 was made by Martin Jeffrey W on Tuesday, January 10.

Brookfield Asset Management Inc decreased Pg&E Corp (NYSE:PCG) stake by 907,600 shares to 3.21 million valued at $195.07 million in 2016Q4. It also reduced Acadia Rlty Tr (NYSE:AKR) stake by 987,700 shares and now owns 492,683 shares. Helca Mng Co (NYSE:HL) was reduced too.

Among 4 analysts covering Sempra Energy (NYSE:SRE), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Sempra Energy had 6 analyst reports since September 15, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Hold” on Thursday, May 11. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, June 8. On Monday, January 25 the stock rating was maintained by RBC Capital Markets with “Outperform”.

Banco Bradesco S.A. is a commercial bank. The company has market cap of $49.28 billion. The Bank offers a range of banking and financial services and products in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international firms and institutions. It has a 9.25 P/E ratio. The Company’s divisions include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

Analysts await Banco Bradesco SA (ADR) (NYSE:BBD) to report earnings on July, 27. They expect $0.22 earnings per share, up 15.79% or $0.03 from last year’s $0.19 per share. BBD’s profit will be $1.32 billion for 9.31 P/E if the $0.22 EPS becomes a reality. After $0.25 actual earnings per share reported by Banco Bradesco SA (ADR) for the previous quarter, Wall Street now forecasts -12.00% negative EPS growth.