Confluence Investment Management Cut Its Franklin Electric Co. (FELE) Holding; Genesis Energy, L.P. (GEL) Covered By 9 Bullish Analysts Last Week

Franklin Electric Co., Inc. (NASDAQ:FELE) Logo

Confluence Investment Management Llc decreased Franklin Electric Co. Inc. (FELE) stake by 58.3% reported in 2018Q1 SEC filing. Confluence Investment Management Llc sold 37,712 shares as Franklin Electric Co. Inc. (FELE)’s stock rose 11.19%. The Confluence Investment Management Llc holds 26,973 shares with $1.10M value, down from 64,685 last quarter. Franklin Electric Co. Inc. now has $2.21B valuation. The stock increased 0.85% or $0.4 during the last trading session, reaching $47.4. About 88,053 shares traded. Franklin Electric Co., Inc. (NASDAQ:FELE) has risen 22.06% since June 5, 2017 and is uptrending. It has outperformed by 9.49% the S&P500.

Among 14 analysts covering Genesis Energy LP (NYSE:GEL), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Genesis Energy LP has $69 highest and $23 lowest target. $39.46’s average target is 72.92% above currents $22.82 stock price. Genesis Energy LP had 42 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird maintained it with “Buy” rating and $29.0 target in Friday, November 17 report. Credit Suisse downgraded Genesis Energy, L.P. (NYSE:GEL) on Friday, November 4 to “Neutral” rating. On Monday, August 7 the stock rating was upgraded by Robert W. Baird to “Outperform”. Citigroup maintained the stock with “Buy” rating in Thursday, August 4 report. As per Friday, October 13, the company rating was maintained by Robert W. Baird. CapitalOne upgraded the shares of GEL in report on Monday, November 14 to “Overweight” rating. The stock of Genesis Energy, L.P. (NYSE:GEL) has “Equal Weight” rating given on Monday, October 17 by CapitalOne. The rating was downgraded by Barclays Capital on Tuesday, July 18 to “Underweight”. The rating was initiated by Cowen & Co with “Buy” on Friday, September 25. The stock has “Hold” rating by RBC Capital Markets on Monday, September 25. See Genesis Energy, L.P. (NYSE:GEL) latest ratings:

17/04/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $24 New Target: $23 Maintain
02/03/2018 Broker: UBS Old Rating: Buy New Rating: Buy Old Target: $39 New Target: $38 Maintain
16/02/2018 Broker: Robert W. Baird Rating: Buy New Target: $27.0 Maintain
16/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $26.0 Maintain

Among 6 analysts covering Franklin Electric (NASDAQ:FELE), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Franklin Electric has $5400 highest and $29 lowest target. $40.60’s average target is -14.35% below currents $47.4 stock price. Franklin Electric had 15 analyst reports since September 30, 2015 according to SRatingsIntel. On Tuesday, July 25 the stock rating was maintained by Boenning & Scattergood with “Buy”. The company was maintained on Wednesday, April 4 by Robert W. Baird. The stock of Franklin Electric Co., Inc. (NASDAQ:FELE) has “Neutral” rating given on Wednesday, February 24 by Wedbush. As per Friday, June 10, the company rating was downgraded by Seaport Global. The stock of Franklin Electric Co., Inc. (NASDAQ:FELE) has “Buy” rating given on Tuesday, May 1 by Boenning & Scattergood. The firm has “Hold” rating by Robert W. Baird given on Wednesday, December 13. On Wednesday, October 4 the stock rating was maintained by Robert W. Baird with “Hold”. Alembic initiated the stock with “Overweight” rating in Wednesday, September 30 report. As per Tuesday, December 22, the company rating was initiated by Ladenburg Thalmann. The firm has “Outperform” rating given on Monday, July 11 by Boenning & Scattergood.

More news for Franklin Electric Co., Inc. (NASDAQ:FELE) were recently published by: Nasdaq.com, which released: “New Research Coverage Highlights Franklin Electric Co., ForeScout Technologies, State Bank Financial, Meta …” on May 25, 2018. Nasdaq.com‘s article titled: “Franklin Electric’s New SSI Series Offers High Flow, Corrosion Resistance, & Increased Efficiency In Harsh Pumping …” and published on May 16, 2018 is yet another important article.

Investors sentiment decreased to 0.97 in Q1 2018. Its down 0.41, from 1.38 in 2017Q4. It worsened, as 15 investors sold FELE shares while 52 reduced holdings. 14 funds opened positions while 51 raised stakes. 34.83 million shares or 1.22% less from 35.27 million shares in 2017Q4 were reported. Moreover, Mason Street Advsr Ltd Liability Co has 0.01% invested in Franklin Electric Co., Inc. (NASDAQ:FELE) for 10,737 shares. Public Sector Pension Board accumulated 0.01% or 24,987 shares. Connable Office Inc holds 0.06% or 7,797 shares in its portfolio. Service Automobile Association invested in 5,838 shares or 0% of the stock. Us Commercial Bank De holds 21,673 shares. Btim accumulated 599,039 shares. The Georgia-based Atlantic Limited Liability Corp has invested 0% in Franklin Electric Co., Inc. (NASDAQ:FELE). Advisory Net Limited Liability reported 175 shares. Prudential Financial invested in 68,402 shares. Bankshares Of Montreal Can reported 0% stake. 20,800 are owned by Fruth Inv. Amalgamated Natl Bank invested in 0.01% or 6,587 shares. Signature Management Inc stated it has 0.14% of its portfolio in Franklin Electric Co., Inc. (NASDAQ:FELE). Confluence Mgmt Limited Com invested in 26,973 shares or 0.02% of the stock. Great West Life Assurance Can holds 0.01% or 52,892 shares.

Analysts await Franklin Electric Co., Inc. (NASDAQ:FELE) to report earnings on July, 24. They expect $0.70 EPS, up 20.69% or $0.12 from last year’s $0.58 per share. FELE’s profit will be $32.56M for 16.93 P/E if the $0.70 EPS becomes a reality. After $0.45 actual EPS reported by Franklin Electric Co., Inc. for the previous quarter, Wall Street now forecasts 55.56% EPS growth.

Since March 9, 2018, it had 0 insider purchases, and 7 insider sales for $871,149 activity. 1,117 Franklin Electric Co., Inc. (NASDAQ:FELE) shares with value of $48,913 were sold by davis delancey w. Shares for $57,645 were sold by Kenney Donald P. 2,500 shares were sold by Haines John J, worth $106,250 on Friday, March 16. On Friday, May 18 the insider Aikman Steven William sold $138,054.

Confluence Investment Management Llc increased Vanguard Msci Emerging Markets (VWO) stake by 13,473 shares to 170,067 valued at $7.99 million in 2018Q1. It also upped United Technologies Corp. (NYSE:UTX) stake by 31,144 shares and now owns 326,923 shares. Exxon Mobil Corp. (NYSE:XOM) was raised too.

More news for Genesis Energy, L.P. (NYSE:GEL) were recently published by: Businesswire.com, which released: “Genesis Energy, LP to Present at MLP & Energy Infrastructure Conference” on May 21, 2018. Equitiesfocus.com‘s article titled: “Zacks: Analysts Expect Genesis Energy, LP common stock (GEL) Will Post Earnings of $0.18 Per Share” and published on June 01, 2018 is yet another important article.

Genesis Energy, L.P. operates in the midstream segment of the natural gas and crude oil industry. The company has market cap of $2.80 billion. It operates through four divisions: Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. It has a 45.73 P/E ratio. The Offshore Pipeline Transportation segment engages in the pipeline transportation and processing of natural gas and crude oil.

Since December 19, 2017, it had 2 insider purchases, and 1 insider sale for $570,400 activity. The insider JASTROW KENNETH M II bought $334,800. Gaspard Garland G had sold 700 shares worth $14,399. Flynn Edward T bought 12,525 shares worth $249,999.

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.10, from 1 in 2017Q4. It fall, as 18 investors sold Genesis Energy, L.P. shares while 41 reduced holdings. 13 funds opened positions while 40 raised stakes. 85.91 million shares or 1.88% less from 87.56 million shares in 2017Q4 were reported. Glenmede Com Na reported 138,816 shares stake. Salient Trust Communications Lta invested 0.1% of its portfolio in Genesis Energy, L.P. (NYSE:GEL). Cadence Capital Mngmt Lc owns 159,152 shares. 94,500 were accumulated by Starr Intll. Fifth Third Bankshares stated it has 0% in Genesis Energy, L.P. (NYSE:GEL). Estabrook Management invested in 1,100 shares or 0% of the stock. Sei Company accumulated 292 shares or 0% of the stock. Exane Derivatives owns 44 shares. Citadel Advsr Lc invested in 72,194 shares. The Kansas-based Tortoise Cap Advisors Ltd Liability has invested 0% in Genesis Energy, L.P. (NYSE:GEL). Bbr Ptnrs Limited Liability Corp accumulated 18,000 shares. Evergreen Mgmt Limited Liability Corp accumulated 0.21% or 109,800 shares. Barclays Public Ltd Liability holds 0% of its portfolio in Genesis Energy, L.P. (NYSE:GEL) for 82,037 shares. Whittier Trust Company Of Nevada stated it has 0% in Genesis Energy, L.P. (NYSE:GEL). Salient Cap Advsrs Lc owns 7.29M shares.

The stock increased 1.78% or $0.4 during the last trading session, reaching $22.82. About 652,485 shares traded or 12.10% up from the average. Genesis Energy, L.P. (NYSE:GEL) has declined 32.24% since June 5, 2017 and is downtrending. It has underperformed by 44.81% the S&P500.

Franklin Electric Co., Inc. (NASDAQ:FELE) Institutional Positions Chart