As Firstenergy Com (FE) Shares Rose, Pggm Investments Decreased Its Stake by $16.97 Million; South Dakota Investment Council Has Cut Holding in Ppg Inds (PPG) as Share Price Declined

PPG Industries, Inc. (NYSE:PPG) Logo

South Dakota Investment Council decreased its stake in Ppg Inds Inc (PPG) by 59.14% based on its latest 2018Q3 regulatory filing with the SEC. South Dakota Investment Council sold 16,500 shares as the company’s stock declined 7.70% with the market. The institutional investor held 11,400 shares of the basic industries company at the end of 2018Q3, valued at $1.24M, down from 27,900 at the end of the previous reported quarter. South Dakota Investment Council who had been investing in Ppg Inds Inc for a number of months, seems to be less bullish one the $25.88B market cap company. The stock increased 0.26% or $0.28 during the last trading session, reaching $107.89. About 1.02M shares traded. PPG Industries, Inc. (NYSE:PPG) has declined 10.89% since February 14, 2018 and is downtrending. It has underperformed by 10.89% the S&P500. Some Historical PPG News: 10/05/2018 – PPG INDUSTRIES DELAYS 10-Q TO FINISH PROBE OF IMPROPER ACCTG; 18/04/2018 – PPG Industries Closes Above 50-Day Moving Average: Technicals; 09/05/2018 – PPG Recognized as CIO 100 Award Winner for Fourth Time; 22/05/2018 – PPG Industries Will Have Six Mos From May 10 to File Form 10-Q With SEC; 10/05/2018 – PPG: CO. HAS IDENTIFIED SOME INADVERTENT ERRORS; 30/05/2018 – The Klein Law Firm Reminds Investors of an Investigation Concerning Possible Violations of Federal Securities Laws by PPG; 10/05/2018 – PPG SAYS FORMER VP WAS PUT ON ADMINISTRATIVE LEAVE; 22/03/2018 – PPG Completes COLORFUL COMMUNITIES Project in Wuppertal, Germany; 19/04/2018 – PPG INDUSTRIES INC – REMAINS ON TRACK TO REALIZE ANNUALIZED SAVINGS OF $120 MLN BY 2019; 19/04/2018 – PPG INDUSTRIES INC – COMMITMENT REMAINS TO DEPLOY AT LEAST $2.4 BLN ON ACQUISITIONS AND SHARE REPURCHASES IN 2018

Pggm Investments decreased its stake in Firstenergy Corp Com (FE) by 37.17% based on its latest 2018Q3 regulatory filing with the SEC. Pggm Investments sold 458,699 shares as the company’s stock rose 3.70% while stock markets declined. The institutional investor held 775,501 shares of the central company at the end of 2018Q3, valued at $28.83M, down from 1.23M at the end of the previous reported quarter. Pggm Investments who had been investing in Firstenergy Corp Com for a number of months, seems to be less bullish one the $20.21 billion market cap company. The stock decreased 0.03% or $0.01 during the last trading session, reaching $39.51. About 5.05 million shares traded. FirstEnergy Corp. (NYSE:FE) has risen 20.84% since February 14, 2018 and is uptrending. It has outperformed by 20.84% the S&P500. Some Historical FE News: 03/04/2018 – Fitch Downgrades FirstEnergy Solutions Issuer Default Rating to ‘D’; 10/05/2018 – Toledo Edison’s 2018 Tree Trimming Program Underway; 23/04/2018 – FIRSTENERGY SAYS FES SETTLEMENT WITHIN ITS PLANNED RANGE; 18/05/2018 – Drone Delivery Canada at Roadshow Hosted By GMP FirstEnergy; 10/05/2018 – Potomac Edison’s 2018 Tree Trimming Program Underway; 31/03/2018 – FirstEnergy Solutions, Nuclear Operating: Legislative, Regulatory Relief Under Review; 12/03/2018 – Altura Energy Roadshow Scheduled By GMP FirstEnergy for Mar. 19; 02/04/2018 – Ohio PUC: FirstEnergy Solutions bankruptcy FirstEnergy Solutions bankruptcy; 23/04/2018 – S&PGR Revises FirstEnergy Corp. Outlk To Pos; Rtgs Afrmd; 26/03/2018 – FIRST ENERGY METALS LTD – RESIGNATION OF ERNEST PETERS AS CHIEF EXECUTIVE OFFICER AND DIRECTOR

Since January 9, 2019, it had 0 insider buys, and 1 insider sale for $1.51 million activity.

Pggm Investments, which manages about $18.96 billion US Long portfolio, upped its stake in Bank New York Mellon Corp Com (NYSE:BK) by 12,115 shares to 953,115 shares, valued at $48.60M in 2018Q3, according to the filing. It also increased its holding in Te Connectivity Ltd Reg Shs (NYSE:TEL) by 178,212 shares in the quarter, for a total of 598,312 shares, and has risen its stake in Sealed Air Corp New Com (NYSE:SEE).

Investors sentiment increased to 1.29 in 2018 Q3. Its up 0.03, from 1.26 in 2018Q2. It improved, as 32 investors sold FE shares while 152 reduced holdings. 80 funds opened positions while 157 raised stakes. 444.59 million shares or 0.07% more from 444.29 million shares in 2018Q2 were reported. Gateway Investment Advisers Limited Company stated it has 20,257 shares. Nomura Hldgs holds 0.01% or 86,700 shares. Federated Invsts Incorporated Pa reported 0% of its portfolio in FirstEnergy Corp. (NYSE:FE). Ancora Advsr Lc has 0.01% invested in FirstEnergy Corp. (NYSE:FE). United Asset Strategies owns 114,045 shares. Jet Cap Invsts Lp owns 4.39% invested in FirstEnergy Corp. (NYSE:FE) for 1.50M shares. Visionary Asset reported 0.98% stake. Frontier Investment Mgmt holds 280,146 shares or 0.74% of its portfolio. Barclays Public Limited Liability Corporation accumulated 851,342 shares or 0.02% of the stock. Gsa Capital Ptnrs Limited Liability Partnership, United Kingdom-based fund reported 16,337 shares. Moreover, First Quadrant LP Ca has 0.01% invested in FirstEnergy Corp. (NYSE:FE) for 16,801 shares. Victory Mgmt Inc has 0.01% invested in FirstEnergy Corp. (NYSE:FE). The Oklahoma-based Bokf Na has invested 0.01% in FirstEnergy Corp. (NYSE:FE). Wealthfront Corp owns 63,447 shares. 127,615 were accumulated by Strs Ohio.

Among 21 analysts covering FirstEnergy (NYSE:FE), 9 have Buy rating, 1 Sell and 11 Hold. Therefore 43% are positive. FirstEnergy had 91 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating by Tudor Pickering given on Friday, July 14. The company was maintained on Tuesday, January 2 by Guggenheim. As per Monday, April 3, the company rating was maintained by Jefferies. The firm has “Overweight” rating by Morgan Stanley given on Thursday, August 10. The stock of FirstEnergy Corp. (NYSE:FE) has “Neutral” rating given on Tuesday, October 18 by Citigroup. The company was downgraded on Friday, November 6 by IBC. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, April 28. Wells Fargo maintained the stock with “Outperform” rating in Monday, September 17 report. The firm earned “Neutral” rating on Monday, October 19 by Goldman Sachs. BMO Capital Markets maintained the shares of FE in report on Friday, July 28 with “Hold” rating.

Analysts await FirstEnergy Corp. (NYSE:FE) to report earnings on February, 19. They expect $0.49 earnings per share, down 30.99% or $0.22 from last year’s $0.71 per share. FE’s profit will be $250.61 million for 20.16 P/E if the $0.49 EPS becomes a reality. After $0.80 actual earnings per share reported by FirstEnergy Corp. for the previous quarter, Wall Street now forecasts -38.75% negative EPS growth.

More notable recent FirstEnergy Corp. (NYSE:FE) news were published by: Prnewswire.com which released: “FirstEnergy to Webcast Fourth Quarter Earnings Teleconference – PRNewswire” on February 12, 2019, also Investorplace.com with their article: “3 Big Stock Charts for Thursday: FirstEnergy, Boston Scientific and Mondelez – Investorplace.com” published on February 07, 2019, Seekingalpha.com published: “FirstEnergy Solutions wins tentative restructuring agreement – Seeking Alpha” on January 23, 2019. More interesting news about FirstEnergy Corp. (NYSE:FE) were released by: Nasdaq.com and their article: “Mid-Afternoon Market Update: Dow Down 1.1%; Chipotle Shares Jump Following Upbeat Q4 Results – Nasdaq” published on February 07, 2019 as well as Zacks.com‘s news article titled: “Is FirstEnergy (FE) Stock Outpacing Its Utilities Peers This Year? – Zacks.com” with publication date: January 15, 2019.

South Dakota Investment Council, which manages about $4.59B US Long portfolio, upped its stake in Tri Pointe Group Inc (NYSE:TPH) by 123,300 shares to 386,700 shares, valued at $4.80M in 2018Q3, according to the filing. It also increased its holding in General Dynamics Corp (NYSE:GD) by 32,180 shares in the quarter, for a total of 75,780 shares, and has risen its stake in Steel Dynamics Inc (NASDAQ:STLD).

Investors sentiment decreased to 0.77 in Q3 2018. Its down 0.04, from 0.81 in 2018Q2. It turned negative, as 46 investors sold PPG shares while 258 reduced holdings. 75 funds opened positions while 158 raised stakes. 182.20 million shares or 0.66% more from 181.01 million shares in 2018Q2 were reported. Webster Bank N A has 800 shares for 0.01% of their portfolio. Amf Pensionsforsakring reported 0.22% in PPG Industries, Inc. (NYSE:PPG). Manchester Capital Ltd Llc has invested 0.05% in PPG Industries, Inc. (NYSE:PPG). Cleararc Capital holds 0.09% in PPG Industries, Inc. (NYSE:PPG) or 6,268 shares. Ohio-based Park Natl Corp Oh has invested 0.02% in PPG Industries, Inc. (NYSE:PPG). Davenport Com has 497,602 shares. 235,502 are owned by Neuberger Berman Gp Limited Co. Welch Grp Inc Limited Liability Com owns 2,816 shares. Holderness Invests Company reported 0.1% stake. Raymond James & Assoc invested 0.06% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Mountain Pacific Advisers Incorporated Id, Idaho-based fund reported 290 shares. First Mercantile Trust Com invested in 270 shares. Btr Cap Mngmt owns 2,760 shares. Leisure Capital Mngmt invested in 9,658 shares. Korea Invest holds 0.03% or 54,085 shares in its portfolio.

Among 26 analysts covering PPG Industries (NYSE:PPG), 15 have Buy rating, 0 Sell and 11 Hold. Therefore 58% are positive. PPG Industries had 98 analyst reports since September 6, 2015 according to SRatingsIntel. The rating was maintained by Citigroup on Monday, October 2 with “Buy”. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Hold” rating by Argus Research on Tuesday, October 25. Jefferies maintained the shares of PPG in report on Monday, May 29 with “Buy” rating. On Wednesday, May 16 the stock rating was downgraded by Jefferies to “Hold”. The firm earned “Neutral” rating on Wednesday, July 11 by Citigroup. Citigroup maintained it with “Neutral” rating and $127 target in Wednesday, October 25 report. The stock of PPG Industries, Inc. (NYSE:PPG) has “Buy” rating given on Friday, October 20 by KeyBanc Capital Markets. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Buy” rating by Deutsche Bank on Tuesday, March 20. The company was maintained on Friday, October 20 by Bank of America. The rating was maintained by RBC Capital Markets on Monday, July 3 with “Hold”.

PPG Industries, Inc. (NYSE:PPG) Institutional Positions Chart