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Sun Life Financial Upped Its Firstenergy (FE) Stake; As Best Buy (BBY) Stock Value Rose, Virtus Investment Advisers Cut Stake

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Sun Life Financial Inc increased its stake in Firstenergy Corp (FE) by 193.19% based on its latest 2017Q4 regulatory filing with the SEC. Sun Life Financial Inc bought 37,915 shares as the company’s stock rose 13.29% while stock markets declined. The institutional investor held 57,541 shares of the central company at the end of 2017Q4, valued at $1.76M, up from 19,626 at the end of the previous reported quarter. Sun Life Financial Inc who had been investing in Firstenergy Corp for a number of months, seems to be bullish on the $16.42B market cap company. The stock decreased 1.23% or $0.43 during the last trading session, reaching $34.44. About 4.23 million shares traded. FirstEnergy Corp. (NYSE:FE) has risen 10.00% since April 23, 2017 and is uptrending. It has underperformed by 1.55% the S&P500.

Virtus Investment Advisers Inc decreased its stake in Best Buy Inc (BBY) by 9.26% based on its latest 2017Q4 regulatory filing with the SEC. Virtus Investment Advisers Inc sold 16,053 shares as the company’s stock rose 0.94% while stock markets declined. The institutional investor held 157,333 shares of the consumer services company at the end of 2017Q4, valued at $10.77 million, down from 173,386 at the end of the previous reported quarter. Virtus Investment Advisers Inc who had been investing in Best Buy Inc for a number of months, seems to be less bullish one the $20.44 billion market cap company. The stock decreased 1.42% or $1.04 during the last trading session, reaching $72.3. About 3.41M shares traded. Best Buy Co., Inc. (NYSE:BBY) has risen 46.62% since April 23, 2017 and is uptrending. It has outperformed by 35.07% the S&P500.

Sun Life Financial Inc, which manages about $976.54 million US Long portfolio, decreased its stake in Nike Inc (NYSE:NKE) by 6,770 shares to 2,875 shares, valued at $180,000 in 2017Q4, according to the filing. It also reduced its holding in Salesforce.Com Inc (NYSE:CRM) by 3,528 shares in the quarter, leaving it with 1,504 shares, and cut its stake in Visa Inc (NYSE:V).

Investors sentiment increased to 1.18 in 2017 Q4. Its up 0.05, from 1.13 in 2017Q3. It is positive, as 34 investors sold FE shares while 157 reduced holdings. 60 funds opened positions while 166 raised stakes. 369.63 million shares or 2.53% more from 360.52 million shares in 2017Q3 were reported. X Management Lc, a New York-based fund reported 280,657 shares. Illinois-based Balyasny Asset Management Ltd Liability has invested 0.27% in FirstEnergy Corp. (NYSE:FE). Parametric Associate Llc has invested 0.07% in FirstEnergy Corp. (NYSE:FE). Cornerstone Cap Inc holds 0.15% of its portfolio in FirstEnergy Corp. (NYSE:FE) for 28,975 shares. Boothbay Fund Ltd Com holds 34,470 shares. Advantus Capital Mgmt Inc holds 45,105 shares or 0.03% of its portfolio. Brookstone Capital accumulated 0.46% or 166,202 shares. Apg Asset Mgmt Nv holds 3.80M shares or 0.18% of its portfolio. Duncker Streett Incorporated invested in 393 shares or 0% of the stock. The Ohio-based Gateway Inv Advisers Limited Liability Company has invested 0.01% in FirstEnergy Corp. (NYSE:FE). Australia-based Rare Infra has invested 0.01% in FirstEnergy Corp. (NYSE:FE). Profund Advsrs Limited Liability Company invested in 0.05% or 39,750 shares. Douglass Winthrop reported 0.05% stake. Arrow Financial owns 801 shares. Thompson Siegel Walmsley Ltd Llc has 1.74% invested in FirstEnergy Corp. (NYSE:FE) for 4.79M shares.

Among 20 analysts covering FirstEnergy (NYSE:FE), 7 have Buy rating, 1 Sell and 12 Hold. Therefore 35% are positive. FirstEnergy had 76 analyst reports since July 21, 2015 according to SRatingsIntel. Deutsche Bank maintained FirstEnergy Corp. (NYSE:FE) on Tuesday, August 25 with “Hold” rating. As per Monday, November 13, the company rating was maintained by Morgan Stanley. Morgan Stanley maintained FirstEnergy Corp. (NYSE:FE) on Friday, September 8 with “Overweight” rating. The firm has “Overweight” rating by Barclays Capital given on Wednesday, December 2. The firm has “Sell” rating by Tudor Pickering given on Wednesday, October 19. As per Monday, August 14, the company rating was upgraded by Evercore. UBS upgraded FirstEnergy Corp. (NYSE:FE) rating on Tuesday, October 13. UBS has “Neutral” rating and $33 target. Morgan Stanley maintained the stock with “Overweight” rating in Monday, April 16 report. Bank of America upgraded it to “Buy” rating and $36.0 target in Friday, January 26 report. The rating was maintained by RBC Capital Markets on Sunday, October 15 with “Hold”.

Since December 12, 2017, it had 0 insider buys, and 29 sales for $53.31 million activity. The insider Watson Mathew sold $76,438. Scarlett Kathleen also sold $49,770 worth of Best Buy Co., Inc. (NYSE:BBY) shares. Joly Hubert had sold 11,773 shares worth $829,949. Shares for $172,786 were sold by Barry Corie S on Wednesday, March 14. Walker Patricia H sold $107,814 worth of Best Buy Co., Inc. (NYSE:BBY) on Monday, March 19. $297,775 worth of Best Buy Co., Inc. (NYSE:BBY) was sold by MOHAN RAJENDRA M.

Among 29 analysts covering Best Buy Co (NYSE:BBY), 10 have Buy rating, 4 Sell and 15 Hold. Therefore 34% are positive. Best Buy Co had 105 analyst reports since August 10, 2015 according to SRatingsIntel. On Wednesday, September 20 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was maintained by Loop Capital Markets with “Buy” on Thursday, March 1. The stock of Best Buy Co., Inc. (NYSE:BBY) has “Strong Buy” rating given on Wednesday, August 26 by Raymond James. Jefferies maintained Best Buy Co., Inc. (NYSE:BBY) on Tuesday, February 27 with “Hold” rating. The firm has “Hold” rating given on Thursday, August 27 by TheStreet. Loop Capital Markets maintained it with “Buy” rating and $72.0 target in Tuesday, October 24 report. The rating was downgraded by Deutsche Bank to “Hold” on Wednesday, May 25. On Friday, November 18 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. As per Tuesday, July 4, the company rating was maintained by Jefferies. The firm earned “Outperform” rating on Friday, February 26 by Telsey Advisory Group.

Investors sentiment increased to 0.86 in 2017 Q4. Its up 0.10, from 0.76 in 2017Q3. It improved, as 34 investors sold BBY shares while 198 reduced holdings. 75 funds opened positions while 124 raised stakes. 233.61 million shares or 5.15% less from 246.28 million shares in 2017Q3 were reported. Bb&T, North Carolina-based fund reported 4,199 shares. 31,333 are owned by Norinchukin National Bank & Trust The. Bp Plc reported 29,000 shares. Dekabank Deutsche Girozentrale has invested 0.05% in Best Buy Co., Inc. (NYSE:BBY). Rafferty Asset Mngmt Limited Liability Co has invested 0.01% in Best Buy Co., Inc. (NYSE:BBY). South State holds 4,430 shares. Moreover, State Treasurer State Of Michigan has 0.04% invested in Best Buy Co., Inc. (NYSE:BBY) for 74,504 shares. Macquarie Gp Ltd holds 0% or 21,900 shares in its portfolio. Sit Assoc invested 0.31% of its portfolio in Best Buy Co., Inc. (NYSE:BBY). Bnp Paribas Arbitrage Sa reported 239,558 shares. Moreover, Qcm Cayman Ltd has 1.27% invested in Best Buy Co., Inc. (NYSE:BBY). Fiduciary Tru reported 12,084 shares. Hancock Com invested in 256,588 shares or 0.73% of the stock. Suntrust Banks stated it has 36,891 shares or 0.01% of all its holdings. Bluemountain Lc reported 313,310 shares.

Analysts await Best Buy Co., Inc. (NYSE:BBY) to report earnings on May, 24. They expect $0.74 earnings per share, up 23.33% or $0.14 from last year’s $0.6 per share. BBY’s profit will be $209.21 million for 24.43 P/E if the $0.74 EPS becomes a reality. After $2.42 actual earnings per share reported by Best Buy Co., Inc. for the previous quarter, Wall Street now forecasts -69.42% negative EPS growth.

Best Buy Co., Inc. (NYSE:BBY) Institutional Positions Chart

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