Bollard Group Has Raised Spectra Energy Partners LP (SEP) Stake by $880,737; Stock Declined; Putnam Fl Investment Management Co Increases Stake in Costco Wholesale (COST)

June 13, 2018 - By Peter Erickson

Spectra Energy Partners, LP (NYSE:SEP) Logo

Putnam Fl Investment Management Co increased its stake in Costco Wholesale (COST) by 4.81% based on its latest 2018Q1 regulatory filing with the SEC. Putnam Fl Investment Management Co bought 3,018 shares as the company’s stock rose 2.88% while stock markets declined. The institutional investor held 65,736 shares of the department and specialty retail stores company at the end of 2018Q1, valued at $12.39 million, up from 62,718 at the end of the previous reported quarter. Putnam Fl Investment Management Co who had been investing in Costco Wholesale for a number of months, seems to be bullish on the $89.51 billion market cap company. The stock decreased 0.38% or $0.77 during the last trading session, reaching $204.11. About 1.35M shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 13.52% since June 13, 2017 and is uptrending. It has outperformed by 0.95% the S&P500. Some Historical COST News: 17/04/2018 – Former Costco Wholesale Executives Bring Transparency To Fast Food; 19/03/2018 – CBS Los Angeles: #BREAKING: 5 people are being assessed for various injuries following a traffic collision at a Costco in the; 03/05/2018 – Blue Apron Sells Meal Kits at Costco; 11/04/2018 – COSTCO WHOLESALE CORP COST.O – COMPARABLE SALES FOR U.S. UP 8.3% FOR FIVE WEEKS ENDED APRIL 8; 24/04/2018 – COSTCO WHOLESALE CORP- APPROVED A QUARTERLY INCREASE FROM 50 TO 57 CENTS PER SHARE, OR $2.28 ON AN ANNUALIZED BASIS PAYABLE MAY 25, 2018; 18/04/2018 – INTERVIEW-UPS goes Groupon, launching discounts for retailers; 20/04/2018 – DJ Costco Wholesale Corporation, Inst Holders, 1Q 2018 (COST); 07/03/2018 – COSTCO WHOLESALE CORP COST.O – TOTAL CARDHOLDERS AT 92.2 MILLION AT THE END OF THE QUARTER, UP FROM 91.5 MILLION 12 WEEKS EARLIER. – CONF CALL; 19/04/2018 – EnWave Receives First Repeat Costco Order from Pacific Northwest Division for Moon Cheese; 07/03/2018 – Tax benefit bolsters Costco profit

Bollard Group Llc increased its stake in Spectra Energy Partners Lp (SEP) by 22.37% based on its latest 2018Q1 regulatory filing with the SEC. Bollard Group Llc bought 26,689 shares as the company’s stock declined 23.22% with the market. The hedge fund held 145,982 shares of the public utilities company at the end of 2018Q1, valued at $4.91 million, up from 119,293 at the end of the previous reported quarter. Bollard Group Llc who had been investing in Spectra Energy Partners Lp for a number of months, seems to be bullish on the $15.32 billion market cap company. The stock decreased 1.03% or $0.33 during the last trading session, reaching $31.59. About 1.21M shares traded or 21.40% up from the average. Spectra Energy Partners, LP (NYSE:SEP) has declined 30.59% since June 13, 2017 and is downtrending. It has underperformed by 43.16% the S&P500. Some Historical SEP News: 23/04/2018 – S&PGR Revises Spectra Energy Partners Otlk To Neg From Stbl; 23/03/2018 – New Jersey AG opposes eminent domain for PennEast natgas pipeline; 30/04/2018 – Alger Spectra Adds Zayo Group, Exits Newell Brands; 18/05/2018 – Spectra Energy Partners No Assurance a Transaction Will Be Consummated; 07/03/2018 – Enbridge Announces Expiration and Results of Offer by Spectra Energy Cap to Purchase Notes Due in 2032 and 2038; 29/03/2018 – Alger Spectra Adds DexCom, Cuts CBS, Buys More Facebook; 18/05/2018 – Spectra Energy Partners Gets Non-Binding Acquisition Offer From Enbridge Inc; 09/05/2018 – Spectra Energy Partners 1Q Net $418M; 09/05/2018 – SPECTRA ENERGY PARTNERS 1Q OPER REV. $779M, EST. $744.4M; 14/05/2018 – Spectra Systems to Develop Sensor With G20 Central Bank

Investors sentiment decreased to 0.92 in 2018 Q1. Its down 0.06, from 0.98 in 2017Q4. It is negative, as 62 investors sold COST shares while 440 reduced holdings. 92 funds opened positions while 371 raised stakes. 305.24 million shares or 0.97% less from 308.22 million shares in 2017Q4 were reported. Eqis Capital reported 0.05% stake. Seabridge Inv Advsrs Llc stated it has 0.21% in Costco Wholesale Corporation (NASDAQ:COST). Natl Bank Of Nova Scotia Trust, a Ontario – Canada-based fund reported 54,714 shares. Sumitomo Mitsui Asset Mngmt Communications Ltd accumulated 38,683 shares. Signaturefd Ltd holds 3,023 shares. First Utd State Bank Tru accumulated 0.28% or 2,230 shares. Bartlett & Limited Liability Company reported 0.04% stake. 2,887 are held by Trust Of Toledo Na Oh. 81,615 were accumulated by Badgley Phelps Bell. Thrivent Financial For Lutherans holds 19,883 shares. Profit Limited Company reported 5,960 shares. Boys Arnold And has invested 0.4% in Costco Wholesale Corporation (NASDAQ:COST). Ontario Teachers Pension Plan Board holds 0% or 1,258 shares. Tyvor Lc holds 250,359 shares. Da Davidson & Communication invested in 94,166 shares.

More notable recent Costco Wholesale Corporation (NASDAQ:COST) news were published by: Seekingalpha.com which released: “Costco lifts wages” on June 01, 2018, also Nasdaq.com with their article: “Costco Wholesale Corporation Went on Sale. Go Long in Bulk!” published on June 01, 2018, Globenewswire.com published: “Costco Wholesale Corporation Reports May Sales Results” on June 07, 2018. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Seekingalpha.com and their article: “Costco Investors Can’t Ignore The Valuation” published on May 31, 2018 as well as Fool.com‘s news article titled: “Costco Executives Talk E-Commerce, Tax Reform, and Wages” with publication date: June 05, 2018.

Putnam Fl Investment Management Co, which manages about $1.28B and $1.09B US Long portfolio, decreased its stake in Texas Instruments Inc. (NASDAQ:TXN) by 5,721 shares to 35,476 shares, valued at $3.69 million in 2018Q1, according to the filing. It also reduced its holding in Facebook (NASDAQ:FB) by 5,729 shares in the quarter, leaving it with 107,877 shares, and cut its stake in Eog Resources Inc. (NYSE:EOG).

Among 33 analysts covering Costco Wholesale (NASDAQ:COST), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. Costco Wholesale had 133 analyst reports since August 24, 2015 according to SRatingsIntel. Piper Jaffray maintained Costco Wholesale Corporation (NASDAQ:COST) on Wednesday, September 2 with “Buy” rating. The firm has “Outperform” rating given on Tuesday, May 3 by RBC Capital Markets. The company was maintained on Thursday, September 28 by Jefferies. The firm has “Buy” rating given on Tuesday, January 23 by Susquehanna. Jefferies maintained the stock with “Hold” rating in Monday, July 17 report. As per Monday, April 16, the company rating was upgraded by Wells Fargo. Jefferies maintained Costco Wholesale Corporation (NASDAQ:COST) on Friday, May 26 with “Hold” rating. BMO Capital Markets maintained it with “Buy” rating and $18500 target in Friday, July 7 report. The firm has “Buy” rating given on Tuesday, June 20 by Northcoast. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Buy” rating given on Thursday, November 30 by Stifel Nicolaus.

Since December 18, 2017, it had 0 insider purchases, and 16 sales for $22.82 million activity. Shares for $560,730 were sold by MEISENBACH JOHN W on Monday, April 2. Another trade for 6,985 shares valued at $1.31 million was made by MOULTON PAUL G on Monday, January 8. On Friday, January 5 the insider Murphy James P. sold $937,421. Another trade for 17,000 shares valued at $3.15 million was sold by Rose Timothy L.. Another trade for 5,200 shares valued at $977,510 was sold by Vachris Roland Michael. Shares for $958,087 were sold by GALANTI RICHARD A.

Investors sentiment increased to 1.25 in 2018 Q1. Its up 0.43, from 0.82 in 2017Q4. It is positive, as 25 investors sold SEP shares while 52 reduced holdings. 27 funds opened positions while 69 raised stakes. 65.01 million shares or 2.30% less from 66.54 million shares in 2017Q4 were reported. Trust Of Vermont accumulated 150 shares. Citigroup accumulated 121,767 shares or 0% of the stock. Cetera Advisor Ntwk invested 0.02% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP). Oxbow Advisors Limited Liability Company holds 79,001 shares or 0.54% of its portfolio. Freestone Cap Lc has 140,266 shares. 8,100 were reported by Btr Management. Cv Starr & Trust, New York-based fund reported 150,000 shares. Eventide Asset Mgmt Ltd invested 0.09% in Spectra Energy Partners, LP (NYSE:SEP). Moreover, Albert D Mason Inc has 0.61% invested in Spectra Energy Partners, LP (NYSE:SEP). Duff & Phelps Inv Management invested in 0.14% or 260,000 shares. Amg Funds Ltd Liability Co holds 38,168 shares or 0.74% of its portfolio. Highstreet Asset Mgmt Inc holds 178 shares. Mai Capital Management has 0.08% invested in Spectra Energy Partners, LP (NYSE:SEP). Atlantic Trust Grp Inc Limited Liability Corp invested in 49,134 shares or 0.01% of the stock. Spirit Of America Management invested 1.45% in Spectra Energy Partners, LP (NYSE:SEP).

Among 22 analysts covering Spectra Energy Partners LP (NYSE:SEP), 5 have Buy rating, 3 Sell and 14 Hold. Therefore 23% are positive. Spectra Energy Partners LP had 69 analyst reports since July 23, 2015 according to SRatingsIntel. Stifel Nicolaus downgraded Spectra Energy Partners, LP (NYSE:SEP) rating on Tuesday, March 6. Stifel Nicolaus has “Hold” rating and $41 target. The rating was downgraded by Wells Fargo to “Hold” on Thursday, January 11. As per Monday, February 8, the company rating was maintained by Credit Suisse. The firm has “Neutral” rating given on Tuesday, May 22 by JP Morgan. Simmons & Co downgraded the shares of SEP in report on Wednesday, September 7 to “Neutral” rating. RBC Capital Markets maintained the stock with “Buy” rating in Monday, October 9 report. On Friday, March 24 the stock rating was initiated by Morgan Stanley with “In-Line”. The stock of Spectra Energy Partners, LP (NYSE:SEP) has “Buy” rating given on Thursday, September 7 by Jefferies. The firm has “Neutral” rating given on Wednesday, March 28 by Citigroup. The firm has “Outperform” rating given on Monday, January 23 by RBC Capital Markets.

Bollard Group Llc, which manages about $2.78B and $2.01B US Long portfolio, decreased its stake in Proshares Ultrashort S&P 500 by 16,690 shares to 11,222 shares, valued at $460,000 in 2018Q1, according to the filing. It also reduced its holding in Proshares Short S&P 500 Ne by 68,643 shares in the quarter, leaving it with 45,498 shares, and cut its stake in Boston Scientific Corp (NYSE:BSX).

More notable recent Spectra Energy Partners, LP (NYSE:SEP) news were published by: Seekingalpha.com which released: “Spectra Energy Partners -3% after Enbridge’s disappointing offer” on May 18, 2018, also Bizjournals.com with their article: “Enbridge offers to buy MLPs, income fund for $8.86B in wake of FERC policy change” published on May 21, 2018, Seekingalpha.com published: “MLP Monthly Report: May 2018” on June 05, 2018. More interesting news about Spectra Energy Partners, LP (NYSE:SEP) were released by: Seekingalpha.com and their article: “Don’t Buy L Brands – Cramer’s Lightning Round (5/15/18)” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Kinder Morgan Drops A Shocking Bombshell: 5 Things Investors Need To Know” with publication date: June 13, 2018.

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