As Microsoft (MSFT) Shares Declined, Shareholder Stewart & Patten Co Decreased Stake by $1.53 Million; Grisanti Capital Management Has Lifted Position in Enbridge (ENB)

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Grisanti Capital Management Llc increased its stake in Enbridge Inc (ENB) by 30.06% based on its latest 2018Q3 regulatory filing with the SEC. Grisanti Capital Management Llc bought 13,680 shares as the company’s stock declined 6.96% with the market. The hedge fund held 59,185 shares of the natural gas distribution company at the end of 2018Q3, valued at $1.91M, up from 45,505 at the end of the previous reported quarter. Grisanti Capital Management Llc who had been investing in Enbridge Inc for a number of months, seems to be bullish on the $69.76B market cap company. The stock decreased 0.46% or $0.16 during the last trading session, reaching $34.54. About 3.43M shares traded. Enbridge Inc. (NYSE:ENB) has declined 18.34% since January 12, 2018 and is downtrending. It has underperformed by 18.34% the S&P500. Some Historical ENB News: 06/03/2018 – ENBRIDGE REPORTS PRICING OF OFFER BY SE CAPITAL; 10/05/2018 – Correction to Enbridge Earnings Review; 17/05/2018 – S&PGRBulletin: Enbridge Rtgs Not Afctd By Corp. Simplification; 17/05/2018 – ENBRIDGE COMMENTS ON TRANS MOUNTAIN IN E-MAILED STATEMENT; 09/05/2018 – ENBRIDGE INC – IF LINE 3 IS SHUT DOWN, REFINERS WILL BE SHORT OF FUEL AND LEFT TO TRANSPORT CRUDE BY RAIL; 03/04/2018 – Stephen Wicary: Enbridge hires RBC to sell western Canadian gas assets, sources tell @scottdeveau; 03/04/2018 – ENBRIDGE ASSETS COULD FETCH MORE THAN C$2B IN POTENTIAL SALE; 18/05/2018 – Enbridge Energy Mgmt Acknowledges Enbridge Inc. Offer and Establishes a Special Committee; 24/04/2018 – Enbridge Declares Quarterly Dividends; 18/05/2018 – ENBRIDGE INCOME FUND HOLDINGS INC. ACKNOWLEDGES ENBRIDGE INC. OFFER AND ESTABLISHES A SPECIAL COMMITTEE

Stewart & Patten Co Llc decreased its stake in Microsoft Corp (MSFT) by 5.68% based on its latest 2018Q3 regulatory filing with the SEC. Stewart & Patten Co Llc sold 13,426 shares as the company’s stock declined 1.64% with the market. The institutional investor held 222,878 shares of the prepackaged software company at the end of 2018Q3, valued at $25.49M, down from 236,304 at the end of the previous reported quarter. Stewart & Patten Co Llc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $789.25B market cap company. The stock decreased 0.77% or $0.8 during the last trading session, reaching $102.8. About 28.31M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 30.43% since January 12, 2018 and is uptrending. It has outperformed by 30.43% the S&P500. Some Historical MSFT News: 14/03/2018 – Microsoft plans to open its first Middle East data centers as it steps up cloud challenge to Amazon; 30/05/2018 – Pennsylvania American Water Signs Agreement to Acquire Exeter Township Wastewater System; 04/05/2018 – Biostage to Host Conference Call to Discuss First Quarter 2018 Financial Results and Operations; 10/05/2018 – Bill Gates struggled to quit this bad habit to make sure Microsoft was a success; 28/03/2018 – OANDA Exchange API app now available on Microsoft Dynamics 365; 08/05/2018 – DELL, MICROSOFT COLLABORATE IN INTERNET OF THINGS SOLUTION; 22/03/2018 – Compuware: Survey Shows Critical Mainframe Workloads Increasing While Mainframe Staff Losses Remain Unfilled; 18/04/2018 – MicroStrategy Releases Three New Gateways to Microsoft Azure; 24/04/2018 – Eagle Investment Systems to Deliver Cloud Data Management Solution for Global Investment Managers Powered by Microsoft Azure; 16/05/2018 – Regina Leader: Microsoft planning low-cost Surface tablet line to take on iPad

Grisanti Capital Management Llc, which manages about $258.00 million and $203.37M US Long portfolio, decreased its stake in Quest Diagostics Inc (NYSE:DGX) by 3,958 shares to 32,667 shares, valued at $3.53 million in 2018Q3, according to the filing. It also reduced its holding in Laboratory Corp Amer Hldgs (NYSE:LH) by 5,081 shares in the quarter, leaving it with 28,344 shares, and cut its stake in Alphabet Inc Cl A.

Among 17 analysts covering Enbridge Inc. (NYSE:ENB), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Enbridge Inc. had 31 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Enbridge Inc. (NYSE:ENB) has “Equal-Weight” rating given on Friday, November 17 by Morgan Stanley. The stock of Enbridge Inc. (NYSE:ENB) earned “Neutral” rating by Credit Suisse on Thursday, February 4. On Monday, March 7 the stock rating was initiated by Canaccord Genuity with “Buy”. The stock of Enbridge Inc. (NYSE:ENB) has “Neutral” rating given on Thursday, September 1 by Bank of America. The rating was initiated by JP Morgan on Tuesday, December 15 with “Overweight”. The firm earned “Hold” rating on Friday, June 23 by J.P. Morgan. As per Monday, April 3, the company rating was maintained by Wells Fargo. The rating was downgraded by National Bank Canada to “Sector Perform” on Monday, July 18. As per Wednesday, January 18, the company rating was reinitiated by Citigroup. The stock of Enbridge Inc. (NYSE:ENB) earned “Equal-Weight” rating by Morgan Stanley on Friday, July 14.

More notable recent Enbridge Inc. (NYSE:ENB) news were published by: Seekingalpha.com which released: “Minnesota governor’s administration files appeal vs. Enbridge’s Line 3 – Seeking Alpha” on December 21, 2018, also Bizjournals.com with their article: “Enbridge completes $3.3B acquisition of Spectra MLP – Houston Business Journal” published on December 17, 2018, Fool.com published: “My No. 1 High-Yield Stock for 2019 – Motley Fool” on December 24, 2018. More interesting news about Enbridge Inc. (NYSE:ENB) were released by: Fool.com and their article: “Better Buy: Enbridge vs. Kinder Morgan – The Motley Fool” published on December 22, 2018 as well as Seekingalpha.com‘s news article titled: “Enbridge And Enterprise Products Get Ready To Expand Seaway Pipeline Yet Again – Seeking Alpha” with publication date: January 03, 2019.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on January, 30. They expect $1.09 earnings per share, up 13.54% or $0.13 from last year’s $0.96 per share. MSFT’s profit will be $8.37 billion for 23.58 P/E if the $1.09 EPS becomes a reality. After $1.14 actual earnings per share reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts -4.39% negative EPS growth.

Stewart & Patten Co Llc, which manages about $814.96 million and $545.90M US Long portfolio, upped its stake in Unitedhealth Group Inc. (NYSE:UNH) by 3,341 shares to 23,280 shares, valued at $6.19 million in 2018Q3, according to the filing. It also increased its holding in Honeywell Inc. (NYSE:HON) by 18,041 shares in the quarter, for a total of 47,388 shares, and has risen its stake in Hanesbrands Inc. (NYSE:HBI).

Among 38 analysts covering Microsoft Corporation (NASDAQ:MSFT), 34 have Buy rating, 1 Sell and 3 Hold. Therefore 89% are positive. Microsoft Corporation had 216 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, May 11 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, January 18 by Credit Suisse. Oppenheimer maintained the stock with “Outperform” rating in Tuesday, October 31 report. On Monday, September 25 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. Stifel Nicolaus maintained the shares of MSFT in report on Wednesday, July 20 with “Buy” rating. Jefferies maintained the stock with “Sell” rating in Thursday, October 26 report. The company was maintained on Wednesday, November 15 by Bernstein. The rating was maintained by Canaccord Genuity with “Hold” on Wednesday, September 13. The firm has “Buy” rating by Cowen & Co given on Wednesday, June 14. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by Raymond James on Friday, July 21.

Since August 31, 2018, it had 0 insider purchases, and 10 insider sales for $54.07 million activity. The insider BROD FRANK H sold $214,363. Another trade for 118,000 shares valued at $13.09 million was sold by Hood Amy. On Friday, October 26 Nadella Satya sold $21.70M worth of Microsoft Corporation (NASDAQ:MSFT) or 203,418 shares. Shares for $1.12 million were sold by Capossela Christopher C.

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Nasdaq.com which released: “3 Big Stock Charts for Friday: Microsoft, Altria Group and Delta Air Lines – Nasdaq” on December 21, 2018, also Nasdaq.com with their article: “Technology Sector Update for 01/07/2019: TIVO, AAPL, QTRH, NVDA, MSFT, IBM, CSCO, GOOG – Nasdaq” published on January 07, 2019, Nasdaq.com published: “Notable ETF Inflow Detected – IWV, MSFT, AAPL, V – Nasdaq” on December 14, 2018. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Investorplace.com and their article: “Microsoft Stock Will Rule the Future While Other Tech Stocks Falter – Investorplace.com” published on January 09, 2019 as well as Nasdaq.com‘s news article titled: “Technology Sector Update for 01/08/2019: GSUM, MEET, MSFT, AAPL, IBM, CSCO, GOOG – Nasdaq” with publication date: January 08, 2019.

Investors sentiment decreased to 0.81 in Q3 2018. Its down 0.03, from 0.84 in 2018Q2. It dropped, as 33 investors sold MSFT shares while 981 reduced holdings. 145 funds opened positions while 681 raised stakes. 5.28 billion shares or 0.60% less from 5.31 billion shares in 2018Q2 were reported. Strategic Wealth Advisors Grp Limited Liability Corp accumulated 126,641 shares or 1.81% of the stock. David R Rahn And Assoc accumulated 3,145 shares or 0.33% of the stock. Franklin Street Advsrs Nc reported 3.91% in Microsoft Corporation (NASDAQ:MSFT). Swedbank invested in 6.14% or 12.01M shares. 315,642 are owned by Wesbanco Comml Bank. Moreover, Atika Cap Mgmt has 2.03% invested in Microsoft Corporation (NASDAQ:MSFT) for 99,000 shares. Wilkins Investment Counsel invested in 0.23% or 6,595 shares. First Bancorp has invested 2.61% in Microsoft Corporation (NASDAQ:MSFT). Silvercrest Asset Mngmt Gru Limited Liability Co holds 1.36% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 1.31M shares. State Of Wisconsin Board reported 2.8% stake. Hardman Johnston Global Limited Liability reported 380,302 shares stake. Biondo Inv Advsrs Limited Liability Company invested in 1.46% or 53,635 shares. Villere St Denis J Ltd Llc accumulated 65,157 shares or 0.45% of the stock. Hall Laurie J Trustee invested in 97,445 shares. Duff Phelps Inv Management has 70,080 shares.

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