Hamlin Capital Management Boosted Its Position in Spectra Energy Partners LP (SEP) as Stock Declined; Virtus Investment Advisers Has Increased Bank New York Mellon (BK) Holding by $2.08 Million

February 15, 2018 - By Linda Rogers

Virtus Investment Advisers Inc increased its stake in Bank New York Mellon Corp (BK) by 252.81% based on its latest 2017Q3 regulatory filing with the SEC. Virtus Investment Advisers Inc bought 39,324 shares as the company’s stock declined 1.27% while stock markets rallied. The institutional investor held 54,879 shares of the major banks company at the end of 2017Q3, valued at $2.91M, up from 15,555 at the end of the previous reported quarter. Virtus Investment Advisers Inc who had been investing in Bank New York Mellon Corp for a number of months, seems to be bullish on the $56.82B market cap company. The stock increased 0.16% or $0.09 during the last trading session, reaching $56.07. About 1.63 million shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 13.98% since February 15, 2017 and is uptrending. It has underperformed by 2.72% the S&P500.

Hamlin Capital Management Llc increased its stake in Spectra Energy Partners Lp (SEP) by 1.7% based on its latest 2017Q3 regulatory filing with the SEC. Hamlin Capital Management Llc bought 26,217 shares as the company’s stock declined 4.02% while stock markets rallied. The institutional investor held 1.57M shares of the public utilities company at the end of 2017Q3, valued at $69.70M, up from 1.54 million at the end of the previous reported quarter. Hamlin Capital Management Llc who had been investing in Spectra Energy Partners Lp for a number of months, seems to be bullish on the $20.06B market cap company. The stock increased 0.86% or $0.35 during the last trading session, reaching $40.95. About 324,046 shares traded. Spectra Energy Partners, LP (NYSE:SEP) has declined 3.32% since February 15, 2017 and is downtrending. It has underperformed by 20.02% the S&P500.

Investors sentiment decreased to 1.13 in 2017 Q3. Its down 0.15, from 1.28 in 2017Q2. It turned negative, as 19 investors sold SEP shares while 66 reduced holdings. 19 funds opened positions while 77 raised stakes. 62.25 million shares or 3.77% more from 59.98 million shares in 2017Q2 were reported. Endowment Mngmt Limited Partnership has 32,680 shares for 0.2% of their portfolio. Brown Brothers Harriman & Communications owns 0% invested in Spectra Energy Partners, LP (NYSE:SEP) for 125 shares. Advisory Ltd Liability invested in 0.06% or 10,970 shares. Us Commercial Bank De has invested 0% in Spectra Energy Partners, LP (NYSE:SEP). Bokf Na reported 0.02% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP). Gsa Cap Prtnrs Llp accumulated 8,570 shares or 0.03% of the stock. Samson Management Ltd Liability Com invested in 7.16% or 156,979 shares. Parkside Commercial Bank Tru invested in 0.02% or 1,320 shares. Pr Herzig & Co Inc accumulated 9,100 shares or 0.78% of the stock. Ftb Advisors Inc owns 0% invested in Spectra Energy Partners, LP (NYSE:SEP) for 591 shares. Cetera Advisor Netwr Limited Co reported 9,089 shares or 0.02% of all its holdings. 11,295 are held by Private Advisor Gp Ltd Com. Fort Washington Investment Advsr Oh, Ohio-based fund reported 16,841 shares. Calamos Llc owns 0.08% invested in Spectra Energy Partners, LP (NYSE:SEP) for 238,200 shares. Of Vermont holds 235 shares or 0% of its portfolio.

Hamlin Capital Management Llc, which manages about $2.70B and $2.47B US Long portfolio, decreased its stake in M D C Hldgs Inc (NYSE:MDC) by 324,154 shares to 1.12 million shares, valued at $37.25 million in 2017Q3, according to the filing. It also reduced its holding in Maxim Integrated Prods Inc (NASDAQ:MXIM) by 9,917 shares in the quarter, leaving it with 879,965 shares, and cut its stake in Bce Inc (NYSE:BCE).

Among 19 analysts covering Spectra Energy Partners LP (NYSE:SEP), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Spectra Energy Partners LP had 50 analyst reports since July 23, 2015 according to SRatingsIntel. Bernstein initiated Spectra Energy Partners, LP (NYSE:SEP) rating on Wednesday, May 11. Bernstein has “Market Perform” rating and $48 target. The rating was upgraded by Morgan Stanley on Wednesday, January 20 to “Equal-Weight”. Mitsubishi UFJ initiated the stock with “Neutral” rating in Friday, July 22 report. The stock has “Overweight” rating by U.S. Capital Advisors on Thursday, January 4. On Monday, August 14 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm earned “Underweight” rating on Friday, November 17 by Morgan Stanley. Barclays Capital upgraded it to “Overweight” rating and $54.0 target in Monday, January 11 report. The stock of Spectra Energy Partners, LP (NYSE:SEP) earned “Buy” rating by Tudor Pickering on Thursday, September 8. The firm has “Buy” rating by RBC Capital Markets given on Monday, June 5. The rating was maintained by Jefferies with “Buy” on Monday, October 16.

Virtus Investment Advisers Inc, which manages about $40.49B and $952.83M US Long portfolio, decreased its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 4,492 shares to 18,562 shares, valued at $2.20 million in 2017Q3, according to the filing. It also reduced its holding in Cintas Corp (NASDAQ:CTAS) by 11,204 shares in the quarter, leaving it with 71,838 shares, and cut its stake in Ishares Tr (TLT).

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.12, from 0.89 in 2017Q2. It increased, as 34 investors sold BK shares while 306 reduced holdings. 90 funds opened positions while 254 raised stakes. 832.75 million shares or 0.16% more from 831.44 million shares in 2017Q2 were reported. Private Grp has invested 1.17% in The Bank of New York Mellon Corporation (NYSE:BK). Usca Ria Ltd Com reported 0.06% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Nelson Van Denburg & Campbell Wealth Group Inc Ltd Llc accumulated 175 shares. Tt Intll holds 205,772 shares or 1.83% of its portfolio. Welch & Forbes Limited Liability Company has 0.01% invested in The Bank of New York Mellon Corporation (NYSE:BK). Hanson Mcclain has invested 0% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). 161,106 are held by Hightower Advsr Limited Company. Group One Trading Ltd Partnership owns 0.01% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 14,832 shares. City has 33,542 shares. New York-based Alliancebernstein Limited Partnership has invested 0.07% in The Bank of New York Mellon Corporation (NYSE:BK). Neuberger Berman Gp Ltd Liability Co invested in 54,623 shares. Ferguson Wellman Capital Management invested 0.94% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Ray Gerald L Assocs accumulated 0.04% or 6,200 shares. Washington Cap Mngmt holds 0.29% or 5,150 shares in its portfolio. Cypress Asset Management Inc Tx invested 0.74% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK).

Among 25 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 12 have Buy rating, 3 Sell and 10 Hold. Therefore 48% are positive. The Bank Of New York Mellon Corporation had 74 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Friday, October 21 by Morgan Stanley. The firm earned “Strong Buy” rating on Wednesday, December 28 by Raymond James. The stock has “Overweight” rating by Morgan Stanley on Friday, February 2. J.P. Morgan downgraded it to “Sell” rating and $55.5 target in Friday, January 19 report. As per Monday, November 21, the company rating was downgraded by Buckingham Research. RBC Capital Markets maintained the shares of BK in report on Friday, October 6 with “Hold” rating. RBC Capital Markets maintained the shares of BK in report on Wednesday, April 5 with “Hold” rating. Deutsche Bank maintained The Bank of New York Mellon Corporation (NYSE:BK) on Thursday, June 16 with “Buy” rating. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Outperform” rating given on Wednesday, August 5 by Bernstein. Morgan Stanley maintained it with “Equal-Weight” rating and $60 target in Friday, October 20 report.

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