Meiji Yasuda Life Insurance Company Has Decreased By $831,600 Its Verizon Communications (VZ) Holding; Mge Energy (MGEE) Sellers Decreased By 21.59% Their Shorts

November 15, 2017 - By Jacob Smith

Meiji Yasuda Life Insurance Company decreased Verizon Communications Inc (VZ) stake by 17.67% reported in 2017Q2 SEC filing. Meiji Yasuda Life Insurance Company sold 18,900 shares as Verizon Communications Inc (VZ)’s stock declined 7.66%. The Meiji Yasuda Life Insurance Company holds 88,047 shares with $3.93 million value, down from 106,947 last quarter. Verizon Communications Inc now has $179.98B valuation. The stock declined 0.23% or $0.1 reaching $44.12 per share. About 118,101 shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since November 15, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Mge Energy Incorporated (NASDAQ:MGEE) had a decrease of 21.59% in short interest. MGEE’s SI was 246,200 shares in November as released by FINRA. Its down 21.59% from 314,000 shares previously. With 124,500 avg volume, 2 days are for Mge Energy Incorporated (NASDAQ:MGEE)’s short sellers to cover MGEE’s short positions. About shares traded. MGE Energy, Inc. (NASDAQ:MGEE) has risen 26.70% since November 15, 2016 and is uptrending. It has outperformed by 10.00% the S&P500.

Meiji Yasuda Life Insurance Company increased Salesforce Com Inc (NYSE:CRM) stake by 3,500 shares to 20,350 valued at $1.76 million in 2017Q2. It also upped Ameren Corp (NYSE:AEE) stake by 31,880 shares and now owns 36,600 shares. Amazon Com Inc (NASDAQ:AMZN) was raised too.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on January, 23. They expect $0.88 earnings per share, up 2.33% or $0.02 from last year’s $0.86 per share. VZ’s profit will be $3.59 billion for 12.53 P/E if the $0.88 EPS becomes a reality. After $0.98 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth.

Since May 30, 2017, it had 0 buys, and 1 insider sale for $27,657 activity. The insider SILLIMAN CRAIG L. sold $27,657.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.12, from 1 in 2017Q1. It is negative, as 90 investors sold VZ shares while 700 reduced holdings. 112 funds opened positions while 587 raised stakes. 2.49 billion shares or 0.28% less from 2.50 billion shares in 2017Q1 were reported. Chatham Grp owns 11,381 shares for 0.14% of their portfolio. Exchange Capital Inc, Michigan-based fund reported 44,613 shares. Rosenbaum Jay D reported 21,816 shares or 1.93% of all its holdings. Wall Street Access Asset Mngmt Limited Com invested in 13,862 shares or 1.19% of the stock. Ing Groep Nv accumulated 583,796 shares or 0.5% of the stock. Advsrs reported 203,832 shares. Guggenheim Cap Limited Liability Corp has invested 0.28% in Verizon Communications Inc. (NYSE:VZ). 11,515 are held by Cambridge Advsr Inc. Parkside Bancorporation And reported 0.17% in Verizon Communications Inc. (NYSE:VZ). Iab National Bank has invested 1.66% in Verizon Communications Inc. (NYSE:VZ). Cmt Asset Management Limited reported 15,000 shares or 0.04% of all its holdings. New Jersey Better Educational Savings invested in 0.89% or 23,000 shares. First Utd National Bank & Trust Tru reported 1.31% in Verizon Communications Inc. (NYSE:VZ). Highstreet Asset Management reported 0.77% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Fulton Financial Bank Na owns 130,017 shares or 0.45% of their US portfolio.

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 20 Hold. Therefore 23% are positive. Verizon Communications Inc. had 57 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by Drexel Hamilton given on Monday, October 24. Cowen & Co maintained the stock with “Hold” rating in Friday, July 28 report. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, September 30. The rating was maintained by Jefferies on Friday, October 6 with “Hold”. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) on Monday, January 25 with “Outperform” rating. Wells Fargo downgraded the shares of VZ in report on Monday, January 23 to “Market Perform” rating. The rating was maintained by RBC Capital Markets on Friday, May 26 with “Hold”. Oppenheimer downgraded Verizon Communications Inc. (NYSE:VZ) on Wednesday, July 20 to “Perform” rating. Scotia Capital maintained the stock with “Sector Outperform” rating in Wednesday, October 21 report. The rating was downgraded by FBR Capital on Wednesday, January 25 to “Mkt Perform”.

MGE Energy, Inc. is a public utility holding company. The company has market cap of $2.26 billion. The Firm operates through five divisions: Regulated electric utility operations; Regulated gas utility operations; Nonregulated energy operations; Transmission investments, and All other. It has a 29.73 P/E ratio. The Regulated electric utility activities segment is engaged in generating, purchasing and distributing electricity through Madison Gas and Electric Company (MGE).

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