Hexavest Has Cut Telus Co L En (TU) Stake as Stock Rose; Akanthos Capital Management Increased Its Position in Chesapeake Energy (CHK) by $3.00 Million as Share Price Declined

TELUS Corporation (NYSE:TU) Logo

Hexavest Inc decreased its stake in Telus Corp Co L En (TU) by 39.58% based on its latest 2018Q2 regulatory filing with the SEC. Hexavest Inc sold 170,545 shares as the company’s stock rose 4.87% with the market. The hedge fund held 260,305 shares of the telecommunications equipment company at the end of 2018Q2, valued at $9.24 million, down from 430,850 at the end of the previous reported quarter. Hexavest Inc who had been investing in Telus Corp Co L En for a number of months, seems to be less bullish one the $21.59 billion market cap company. The stock increased 0.03% or $0.01 during the last trading session, reaching $35.9. About 419,206 shares traded or 3.33% up from the average. TELUS Corporation (NYSE:TU) has risen 2.52% since December 8, 2017 and is uptrending. It has underperformed by 13.10% the S&P500. Some Historical TU News: 10/05/2018 – TELUS announces election of directors; 08/03/2018 – Mojio accelerates connected car roll-outs with additional Series B funding from lris Capital and TELUS Ventures; 19/04/2018 – TELUS launches breathtaking 4K HDR TV — a first in Canada; 23/05/2018 – TELUS innovation takes on a major technical challenge to provide the Lower North Shore region with ultra-high-speed internet an; 17/04/2018 – Mackenzie Ivy Canadian Adds Telus, Cuts J&J; 10/05/2018 – Telus 1Q Net C$412M; 10/04/2018 – TELUS CORP T.TO : RBC RAISES TARGET PRICE TO C$52 FROM C$51; 23/05/2018 – TELUS innovation takes on a major technical challenge to provide the Lower North Shore region with ultra-high-speed internet and mobile services; 05/04/2018 – TELUS launches Boost Wi-Fi to increase wireless internet speed and coverage at home; 27/04/2018 – TELUS partners with Neil Squire Society to increase the accessibility of smartphones and touchscreen devices

Akanthos Capital Management Llc increased its stake in Chesapeake Energy Corp (CHK) by 150% based on its latest 2018Q2 regulatory filing with the SEC. Akanthos Capital Management Llc bought 600,000 shares as the company’s stock declined 14.71% while stock markets rallied. The hedge fund held 1.00M shares of the oil & gas production company at the end of 2018Q2, valued at $5.24 million, up from 400,000 at the end of the previous reported quarter. Akanthos Capital Management Llc who had been investing in Chesapeake Energy Corp for a number of months, seems to be bullish on the $2.44B market cap company. It closed at $2.72 lastly. It is up 8.56% since December 8, 2017 and is uptrending. It has underperformed by 7.06% the S&P500. Some Historical CHK News: 02/05/2018 – CHESAPEAKE SEES YR CAPEX $1.8B-$2.2B; 28/03/2018 – CHESAPEAKE SEES CLOSING EARLIER $500 MLN ASSETS SALES IN 1H ’18; 26/03/2018 – Rep. Taylor: Rep. Taylor Defends Chesapeake Bay Funding in Spending Bill; 23/04/2018 – DJ Chesapeake Energy Corporation, Inst Holders, 1Q 2018 (CHK); 27/03/2018 – CHESAPEAKE ENERGY CORP CHK.N : BERNSTEIN CUTS TO UNDERPERFORM FROM MARKET PERFORM; 05/03/2018 – S&PGR Upgrades Chesapeake Energy To ‘B’; Outlook Stable; 28/03/2018 – CHESAPEAKE ENERGY CORP CHK.N CHIEF EXECUTIVE DOUG LAWLER SAYS ‘NOT DESPERATE TO SELL ASSETS’; 03/04/2018 – Moody’s Assigns Provisional Ratings To Chesapeake Funding Ii Llc, Series 2018-1, Element Sponsored Fleet Lease Abs; 17/04/2018 – Element Fleet Issues US$1 billion of ABS Term Notes through Chesapeake Il; 03/04/2018 – Moody’s assigns provisional ratings to Chesapeake Funding Il LLC, Series 2018-1, Element sponsored fleet lease ABS

Akanthos Capital Management Llc, which manages about $190.76 million and $114.39 million US Long portfolio, decreased its stake in Uniti Group Inc by 481,379 shares to 50,000 shares, valued at $1.00M in 2018Q2, according to the filing.

Since November 1, 2018, it had 1 insider buy, and 0 sales for $176,750 activity.

Among 34 analysts covering Chesapeake Energy Corporation (NYSE:CHK), 8 have Buy rating, 9 Sell and 17 Hold. Therefore 24% are positive. Chesapeake Energy Corporation had 106 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Chesapeake Energy Corporation (NYSE:CHK) has “Sell” rating given on Thursday, August 6 by UBS. On Wednesday, August 10 the stock rating was maintained by Deutsche Bank with “Hold”. The stock of Chesapeake Energy Corporation (NYSE:CHK) earned “Hold” rating by Susquehanna on Monday, March 5. On Monday, October 9 the stock rating was downgraded by Jefferies to “Underperform”. The firm has “Buy” rating given on Monday, July 27 by SunTrust. As per Friday, September 9, the company rating was upgraded by Wunderlich. The firm has “Underperform” rating given on Tuesday, January 16 by Mizuho. The firm has “Sell” rating by Citigroup given on Tuesday, April 17. The firm earned “Hold” rating on Thursday, November 10 by Jefferies. The stock of Chesapeake Energy Corporation (NYSE:CHK) has “Sector Perform” rating given on Tuesday, August 11 by RBC Capital Markets.

Investors sentiment decreased to 1.1 in Q2 2018. Its down 0.18, from 1.28 in 2018Q1. It turned negative, as 38 investors sold CHK shares while 97 reduced holdings. 57 funds opened positions while 91 raised stakes. 517.26 million shares or 0.18% more from 516.33 million shares in 2018Q1 were reported. 1.60 million are owned by River And Mercantile Asset Llp. Sage invested in 0% or 1,000 shares. Capstone Advisors owns 10,000 shares. Oarsman holds 0.45% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK) for 187,600 shares. Leuthold Lc has 104,813 shares for 0.06% of their portfolio. Whittier Of Nevada, a Nevada-based fund reported 5,355 shares. Oz Mngmt Limited Partnership has 0.01% invested in Chesapeake Energy Corporation (NYSE:CHK) for 236,100 shares. Grantham Mayo Van Otterloo Company Llc has invested 0.01% in Chesapeake Energy Corporation (NYSE:CHK). Sg Americas Secs Llc reported 0.01% stake. Corecommodity Management Lc holds 0.05% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK) for 13,560 shares. Fmr Limited Com stated it has 0% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK). Johnson Finance Group has invested 0.01% in Chesapeake Energy Corporation (NYSE:CHK). Parsons Cap Management Inc Ri accumulated 73,266 shares or 0.04% of the stock. Moreover, Mason Street Llc has 0.06% invested in Chesapeake Energy Corporation (NYSE:CHK) for 467,655 shares. Menta Ltd Limited Liability Company has invested 0.19% in Chesapeake Energy Corporation (NYSE:CHK).

More notable recent Chesapeake Energy Corporation (NYSE:CHK) news were published by: 247Wallst.com which released: “Natural Gas Price Skips Higher on Huge Inventory Drawdown – 24/7 Wall St.” on November 21, 2018, also Seekingalpha.com with their article: “Chesapeake Energy Should Have Much Better Cash Flow In 2019 – Seeking Alpha” published on October 16, 2018, Seekingalpha.com published: “Why I Bought Chesapeake Energy At $2.90 – Seeking Alpha” on November 29, 2018. More interesting news about Chesapeake Energy Corporation (NYSE:CHK) were released by: Investorplace.com and their article: “Natural Gas Alone Can’t Save CHK Stock – Investorplace.com” published on December 06, 2018 as well as Schaeffersresearch.com‘s news article titled: “Natural Gas Prices Spark Heavy Trading on UNG, CHK, and AR – Schaeffers Research” with publication date: November 14, 2018.

More notable recent TELUS Corporation (NYSE:TU) news were published by: Fool.ca which released: “TFSA Investors: 3 Stable Dividend Stocks That Pay Over 4% – The Motley Fool Canada” on November 29, 2018, also Fool.ca with their article: “3 Dividend Beasts for the Long-Term Value Investor – The Motley Fool Canada” published on December 04, 2018, Seekingalpha.com published: “My View On Telus – Seeking Alpha” on June 27, 2018. More interesting news about TELUS Corporation (NYSE:TU) were released by: Nasdaq.com and their article: “TELUS leads the telecom industry with fewest CCTS complaints for the seventh year running – Nasdaq” published on November 27, 2018 as well as Seekingalpha.com‘s news article titled: “New Buy Before Ex-Dividend – Seeking Alpha” with publication date: June 06, 2018.

Analysts await TELUS Corporation (NYSE:TU) to report earnings on February, 14. They expect $0.53 earnings per share, up 23.26% or $0.10 from last year’s $0.43 per share. TU’s profit will be $318.75M for 16.93 P/E if the $0.53 EPS becomes a reality. After $0.57 actual earnings per share reported by TELUS Corporation for the previous quarter, Wall Street now forecasts -7.02% negative EPS growth.

Among 13 analysts covering Telus Corporation (NYSE:TU), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Telus Corporation had 23 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of TELUS Corporation (NYSE:TU) has “Outperform” rating given on Monday, August 14 by BMO Capital Markets. The stock has “Overweight” rating by Barclays Capital on Monday, August 14. RBC Capital Markets maintained it with “Outperform” rating and $46.0 target in Monday, August 10 report. As per Wednesday, March 23, the company rating was downgraded by TD Securities. Barclays Capital maintained TELUS Corporation (NYSE:TU) on Friday, November 10 with “Overweight” rating. The stock of TELUS Corporation (NYSE:TU) earned “Equal-Weight” rating by Morgan Stanley on Friday, November 17. The rating was downgraded by IBC on Friday, May 11 to “Hold”. Bank of America maintained it with “Neutral” rating and $39 target in Tuesday, November 21 report. The stock of TELUS Corporation (NYSE:TU) has “Overweight” rating given on Friday, May 11 by Barclays Capital. TD Securities upgraded the stock to “Buy” rating in Friday, February 2 report.

Chesapeake Energy Corporation (NYSE:CHK) Institutional Positions Chart

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