State Street Decreased Piedmont Office Realty Trust (PDM) Stake By $13.94 Million; Raymond James & Associates Has Cut By $3.36 Million Its Enterprise Prods Partners L (EPD) Holding

May 18, 2018 - By Natalie Daughtry

Enterprise Products Partners L.P. (NYSE:EPD) Logo

State Street Corp decreased Piedmont Office Realty Trust (NYSE:PDM) stake by 16.71% reported in 2018Q1 SEC filing. State Street Corp sold 819,741 shares as Piedmont Office Realty Trust (NYSE:PDM)’s stock declined 12.10%. The State Street Corp holds 4.09 million shares with $71.87M value, down from 4.91 million last quarter. Piedmont Office Realty Trust now has $2.29 billion valuation. The stock decreased 0.94% or $0.17 during the last trading session, reaching $17.84. About 909,497 shares traded. Piedmont Office Realty Trust, Inc. (NYSE:PDM) has declined 17.45% since May 18, 2017 and is downtrending. It has underperformed by 29.00% the S&P500.

Raymond James & Associates decreased Enterprise Prods Partners L (EPD) stake by 3.71% reported in 2017Q4 SEC filing. Raymond James & Associates sold 129,254 shares as Enterprise Prods Partners L (EPD)’s stock declined 8.22%. The Raymond James & Associates holds 3.35M shares with $88.84 million value, down from 3.48M last quarter. Enterprise Prods Partners L now has $61.12B valuation. The stock decreased 0.28% or $0.08 during the last trading session, reaching $28.13. About 5.80M shares traded. Enterprise Products Partners L.P. (NYSE:EPD) has declined 10.03% since May 18, 2017 and is downtrending. It has underperformed by 21.58% the S&P500.

Since February 12, 2018, it had 3 insider purchases, and 0 sales for $336,489 activity. BARRETT KELLY HEFNER had bought 10,000 shares worth $186,500. The insider Smith Christopher Brent bought $49,840. $100,149 worth of Piedmont Office Realty Trust, Inc. (NYSE:PDM) was bought by Swope Jeffrey L. on Tuesday, March 13.

Among 4 analysts covering Piedmont Office Realty Trust (NYSE:PDM), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Piedmont Office Realty Trust had 18 analyst reports since September 3, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Hold” rating and $2100 target in Friday, July 14 report. The firm has “Hold” rating given on Tuesday, March 6 by SunTrust. The stock of Piedmont Office Realty Trust, Inc. (NYSE:PDM) has “Buy” rating given on Monday, January 8 by Robert W. Baird. The stock has “Sell” rating by Stifel Nicolaus on Tuesday, March 13. The rating was maintained by Stifel Nicolaus on Friday, February 9 with “Hold”. On Tuesday, May 3 the stock rating was maintained by DA Davidson with “Neutral”. Robert W. Baird downgraded the shares of PDM in report on Thursday, January 7 to “Neutral” rating. The firm has “Hold” rating given on Thursday, November 2 by Stifel Nicolaus. The stock of Piedmont Office Realty Trust, Inc. (NYSE:PDM) earned “Sell” rating by Stifel Nicolaus on Tuesday, May 10. As per Monday, January 22, the company rating was maintained by SunTrust.

Investors sentiment decreased to 1.26 in 2017 Q4. Its down 0.26, from 1.52 in 2017Q3. It dived, as 25 investors sold PDM shares while 57 reduced holdings. 36 funds opened positions while 67 raised stakes. 115.88 million shares or 1.70% less from 117.88 million shares in 2017Q3 were reported. Moreover, Alliancebernstein L P has 0% invested in Piedmont Office Realty Trust, Inc. (NYSE:PDM). Dupont Cap Management reported 0.04% of its portfolio in Piedmont Office Realty Trust, Inc. (NYSE:PDM). Metropolitan Life Co holds 0% or 11,975 shares in its portfolio. M&T Fincl Bank accumulated 0% or 15,563 shares. Minnesota-based Thrivent Financial For Lutherans has invested 0% in Piedmont Office Realty Trust, Inc. (NYSE:PDM). State Of Alaska Department Of Revenue has 31,730 shares for 0.01% of their portfolio. Macquarie Ltd invested 0% of its portfolio in Piedmont Office Realty Trust, Inc. (NYSE:PDM). Connor Clark Lunn Investment Mgmt holds 0.02% of its portfolio in Piedmont Office Realty Trust, Inc. (NYSE:PDM) for 170,488 shares. Employees Retirement System Of Texas holds 0.01% or 45,000 shares in its portfolio. Moreover, State Board Of Administration Of Florida Retirement System has 0.01% invested in Piedmont Office Realty Trust, Inc. (NYSE:PDM). Arrowstreet Ltd Partnership holds 0.01% in Piedmont Office Realty Trust, Inc. (NYSE:PDM) or 130,500 shares. Nuveen Asset Limited Liability Corporation holds 3.00M shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 13,938 shares or 0% of all its holdings. Paragon Cap Management Ltd holds 0.09% or 12,047 shares in its portfolio. Pacad Inv Ltd has invested 0.05% of its portfolio in Piedmont Office Realty Trust, Inc. (NYSE:PDM).

State Street Corp increased Spark Therapeutics Inc (NASDAQ:ONCE) stake by 377,801 shares to 1.78M valued at $118.29M in 2018Q1. It also upped United Community Banks Inc (NASDAQ:UCBI) stake by 578,453 shares and now owns 3.80 million shares. Western Alliance Bancorp (NYSE:WAL) was raised too.

Piedmont Office Realty Trust, Inc. is a real estate investment trust. The company has market cap of $2.29 billion. The firm invests in real estate markets of the United States. It owns, manages, develops and operates high-quality, Class A office properties located in select sub markets of eight major Eastern U.S. office markets. It has a 14.46 P/E ratio. The firm was formerly known as Wells REIT, Inc.

Since March 7, 2018, it had 2 buys, and 0 sales for $1.10 million activity. $497,198 worth of Enterprise Products Partners L.P. (NYSE:EPD) was bought by TEAGUE AJ.

More recent Enterprise Products Partners L.P. (NYSE:EPD) news were published by: Seekingalpha.com which released: “Way To Go, Enterprise Products Partners” on May 02, 2018. Also Investorplace.com published the news titled: “5 MLPs That Should Crush the Market in 2018” on May 17, 2018. Seekingalpha.com‘s news article titled: “Enterprise Products Doubles Down On US Energy Exports” with publication date: April 20, 2018 was also an interesting one.

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on August, 2. They expect $0.38 earnings per share, up 26.67% or $0.08 from last year’s $0.3 per share. EPD’s profit will be $825.60M for 18.51 P/E if the $0.38 EPS becomes a reality. After $0.39 actual earnings per share reported by Enterprise Products Partners L.P. for the previous quarter, Wall Street now forecasts -2.56% negative EPS growth.

Investors sentiment decreased to 0.85 in 2017 Q4. Its down 0.15, from 1 in 2017Q3. It fall, as 60 investors sold EPD shares while 283 reduced holdings. 73 funds opened positions while 219 raised stakes. 750.14 million shares or 4.26% less from 783.53 million shares in 2017Q3 were reported. Ipswich Investment Inc accumulated 9,899 shares or 0.11% of the stock. Fmr Ltd Limited Liability Company holds 0.02% or 6.80M shares. Wealthtrust accumulated 23,096 shares or 0.3% of the stock. Rench Wealth Mgmt accumulated 7,850 shares or 0.14% of the stock. Denver Investment Advsrs Limited Liability Company has 20,318 shares for 0.03% of their portfolio. Eagle Asset Management Incorporated reported 0.01% in Enterprise Products Partners L.P. (NYSE:EPD). North Star Inv invested in 0.05% or 17,093 shares. Trustmark Bankshares Department invested 0.03% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Old Natl Bancshares In has invested 0.2% in Enterprise Products Partners L.P. (NYSE:EPD). Svcs Automobile Association holds 0.07% or 936,748 shares. 77,500 were accumulated by Wg Shaheen And Assoc Dba Whitney And Com. Amundi Pioneer Asset Mngmt Inc reported 0% in Enterprise Products Partners L.P. (NYSE:EPD). Gofen & Glossberg Llc Il holds 0.08% in Enterprise Products Partners L.P. (NYSE:EPD) or 88,938 shares. Family Capital Trust has invested 0.01% in Enterprise Products Partners L.P. (NYSE:EPD). Heronetta Mgmt L P, New York-based fund reported 962,761 shares.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) Institutional Positions Chart

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