Laffer Investments Maintains Position in Texas Instrs (TXN); Grandfield & Dodd Stake in Dominion Energy (D) Has Cut by $1.37 Million

February 15, 2018 - By Linda Rogers

Laffer Investments increased its stake in Texas Instrs Inc (TXN) by 18.33% based on its latest 2017Q3 regulatory filing with the SEC. Laffer Investments bought 6,835 shares as the company’s stock rose 5.05% with the market. The institutional investor held 44,125 shares of the semiconductors company at the end of 2017Q3, valued at $3.96 billion, up from 37,290 at the end of the previous reported quarter. Laffer Investments who had been investing in Texas Instrs Inc for a number of months, seems to be bullish on the $100.95B market cap company. The stock increased 1.68% or $1.7 during the last trading session, reaching $102.68. About 7.41M shares traded or 25.44% up from the average. Texas Instruments Incorporated (NASDAQ:TXN) has risen 40.31% since February 15, 2017 and is uptrending. It has outperformed by 23.61% the S&P500.

Grandfield & Dodd Llc decreased its stake in Dominion Energy Inc (D) by 46.31% based on its latest 2017Q3 regulatory filing with the SEC. Grandfield & Dodd Llc sold 18,013 shares as the company’s stock rose 6.53% with the market. The institutional investor held 20,883 shares of the public utilities company at the end of 2017Q3, valued at $1.61 million, down from 38,896 at the end of the previous reported quarter. Grandfield & Dodd Llc who had been investing in Dominion Energy Inc for a number of months, seems to be less bullish one the $47.92 billion market cap company. The stock decreased 0.97% or $0.73 during the last trading session, reaching $74.34. About 2.89 million shares traded. Dominion Energy, Inc. (NYSE:D) has risen 10.88% since February 15, 2017 and is uptrending. It has underperformed by 5.82% the S&P500.

Investors sentiment increased to 1.16 in Q3 2017. Its up 0.01, from 1.15 in 2017Q2. It improved, as 51 investors sold D shares while 282 reduced holdings. 70 funds opened positions while 316 raised stakes. 410.35 million shares or 0.47% more from 408.41 million shares in 2017Q2 were reported. California Pub Employees Retirement System, a California-based fund reported 1.58M shares. Reaves W H & Inc reported 1.64% in Dominion Energy, Inc. (NYSE:D). Stone Run Llc has invested 0.14% in Dominion Energy, Inc. (NYSE:D). Argent Tru owns 0.22% invested in Dominion Energy, Inc. (NYSE:D) for 10,642 shares. Bancorp Of Nova Scotia has 128,300 shares. Lvw Advisors stated it has 4,630 shares or 0.14% of all its holdings. Adirondack Tru reported 3,353 shares. State Common Retirement Fund reported 1.64 million shares. Calamos Advisors Lc reported 0.02% of its portfolio in Dominion Energy, Inc. (NYSE:D). Pub Employees Retirement Sys Of Ohio owns 445,674 shares. Bessemer Gru Inc reported 0.01% in Dominion Energy, Inc. (NYSE:D). Fisher Asset Mngmt Limited Liability Com reported 2,975 shares. Duncker Streett And Com accumulated 0.14% or 5,915 shares. 3,814 are held by Howland Mngmt Ltd Liability Co. Evercore Wealth, New York-based fund reported 15,259 shares.

Among 20 analysts covering Dominion Midstream (NYSE:D), 11 have Buy rating, 1 Sell and 8 Hold. Therefore 55% are positive. Dominion Midstream had 39 analyst reports since July 23, 2015 according to SRatingsIntel. Goldman Sachs downgraded the shares of D in report on Friday, September 11 to “Sell” rating. The rating was maintained by Bank of America on Wednesday, February 7 with “Buy”. The firm has “Hold” rating given on Monday, April 3 by Tudor Pickering. On Wednesday, January 25 the stock rating was initiated by Credit Suisse with “Outperform”. The firm has “Buy” rating by Guggenheim given on Tuesday, January 2. The firm has “Buy” rating given on Thursday, July 23 by DA Davidson. The stock of Dominion Energy, Inc. (NYSE:D) has “Sector Outperform” rating given on Tuesday, November 17 by Howard Weil. The rating was maintained by RBC Capital Markets on Friday, June 2 with “Hold”. The rating was downgraded by UBS to “Neutral” on Friday, January 29. The company was upgraded on Thursday, December 14 by JP Morgan.

Grandfield & Dodd Llc, which manages about $885.55M and $890.73M US Long portfolio, upped its stake in Devon Energy Corp New (NYSE:DVN) by 29,770 shares to 102,841 shares, valued at $3.78 million in 2017Q3, according to the filing. It also increased its holding in Exxon Mobil Corp (NYSE:XOM) by 4,006 shares in the quarter, for a total of 236,355 shares, and has risen its stake in Zimmer Biomet Hldgs Inc (ZMH).

Investors sentiment increased to 1.12 in 2017 Q3. Its up 0.02, from 1.1 in 2017Q2. It improved, as 55 investors sold TXN shares while 333 reduced holdings. 104 funds opened positions while 332 raised stakes. 802.74 million shares or 3.16% more from 778.17 million shares in 2017Q2 were reported. Hanson Mcclain invested in 0% or 230 shares. Weaver C Barksdale Assoc Inc holds 1.88% or 18,827 shares. Atlanta Cap Mgmt L L C holds 0.25% or 491,282 shares. 58,608 are held by Guardian Com. Central Bancshares Tru Communication stated it has 5,530 shares. Hillsdale Inv Management accumulated 0.06% or 4,190 shares. First Republic Invest Mngmt owns 0.07% invested in Texas Instruments Incorporated (NASDAQ:TXN) for 102,680 shares. Bragg Advsrs accumulated 1.13% or 82,417 shares. The California-based Alpha Cubed Investments Ltd Liability Corporation has invested 0.03% in Texas Instruments Incorporated (NASDAQ:TXN). Heathbridge Cap Management has 355,000 shares. Franklin Resources holds 9.28M shares or 0.41% of its portfolio. Credit Agricole S A invested in 797,448 shares. Ing Groep Nv reported 140,849 shares or 0.24% of all its holdings. Somerville Kurt F stated it has 0.11% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN). First Citizens Savings Bank Tru stated it has 0.43% in Texas Instruments Incorporated (NASDAQ:TXN).

Laffer Investments, which manages about $614.32 million and $378.86B US Long portfolio, decreased its stake in Cintas Corp (NASDAQ:CTAS) by 820 shares to 13,165 shares, valued at $1.90B in 2017Q3, according to the filing. It also reduced its holding in Mckesson Corp (NYSE:MCK) by 950 shares in the quarter, leaving it with 13,173 shares, and cut its stake in Walt Disney Co (NYSE:DIS).

Among 40 analysts covering Texas Instruments (NASDAQ:TXN), 19 have Buy rating, 2 Sell and 19 Hold. Therefore 48% are positive. Texas Instruments had 111 analyst reports since July 24, 2015 according to SRatingsIntel. On Thursday, July 23 the stock rating was maintained by Cowen & Co with “Market Perform”. The firm has “Outperform” rating given on Wednesday, October 25 by Credit Suisse. Credit Suisse maintained Texas Instruments Incorporated (NASDAQ:TXN) on Tuesday, January 16 with “Buy” rating. Drexel Hamilton maintained the stock with “Buy” rating in Wednesday, January 25 report. The rating was maintained by Mizuho with “Hold” on Tuesday, July 25. The firm has “Buy” rating given on Wednesday, January 3 by RBC Capital Markets. The stock of Texas Instruments Incorporated (NASDAQ:TXN) has “Buy” rating given on Wednesday, February 7 by Credit Suisse. The stock of Texas Instruments Incorporated (NASDAQ:TXN) earned “Hold” rating by Stifel Nicolaus on Monday, July 3. RBC Capital Markets maintained the shares of TXN in report on Sunday, August 27 with “Buy” rating. The firm earned “Buy” rating on Wednesday, July 26 by Rosenblatt.

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