3M (MMM) Stock Value Declined While Orleans Capital Management Decreased Its Holding by $416,691; As Mge Energy (MGEE) Valuation Rose, Virginia Retirement Systems Et Al Has Raised Position

MGE Energy, Inc. (NASDAQ:MGEE) Logo

Virginia Retirement Systems Et Al increased its stake in Mge Energy Inc (MGEE) by 44.44% based on its latest 2019Q1 regulatory filing with the SEC. Virginia Retirement Systems Et Al bought 8,400 shares as the company’s stock rose 10.59% . The institutional investor held 27,300 shares of the central company at the end of 2019Q1, valued at $1.86M, up from 18,900 at the end of the previous reported quarter. Virginia Retirement Systems Et Al who had been investing in Mge Energy Inc for a number of months, seems to be bullish on the $2.59B market cap company. The stock increased 1.51% or $1.11 during the last trading session, reaching $74.82. About 94,386 shares traded. MGE Energy, Inc. (NASDAQ:MGEE) has risen 17.61% since August 9, 2018 and is uptrending. It has outperformed by 17.61% the S&P500. Some Historical MGEE News: 14/05/2018 - MGE Energy Issues First-Quarter Financial Update; 20/04/2018 - DJ MGE Energy Inc, Inst Holders, 1Q 2018 (MGEE); 08/05/2018 - MGE Energy 1Q Rev $157.6M; 17/05/2018 - MGE Energy Issues May 2018 ‘Inside View’; 08/05/2018 - MGE ENERGY 1Q OPER REV. $157.6M; 08/05/2018 - MGE ENERGY INC QTRLY OPERATING REVENUE OF $157.6 MLN VS $156.8 MLN; 16/05/2018 - DEEP ECO: MGE Energy May Face Pressure, Industry Falls in April; 16/03/2018 DEEP ECO: MGE Energy May Benefit, Industry Best in 22.5 Yrs; 15/05/2018 - MGE Energy Declares Regular Dividend; 17/04/2018 - DEEP ECO: MGE Energy May Benefit, Electric Power Up This Quarter

Orleans Capital Management Corp decreased its stake in 3M Corp (MMM) by 21.28% based on its latest 2019Q1 regulatory filing with the SEC. Orleans Capital Management Corp sold 2,013 shares as the company’s stock declined 6.10% . The institutional investor held 7,445 shares of the medical and dental instruments company at the end of 2019Q1, valued at $1.55M, down from 9,458 at the end of the previous reported quarter. Orleans Capital Management Corp who had been investing in 3M Corp for a number of months, seems to be less bullish one the $94.47B market cap company. The stock increased 0.35% or $0.58 during the last trading session, reaching $164.22. About 3.12 million shares traded. 3M Company (NYSE:MMM) has declined 14.82% since August 9, 2018 and is downtrending. It has underperformed by 14.82% the S&P500. Some Historical MMM News: 09/05/2018 - LifeSignals Launches Life Signal(TM) Processor Product Family, Developed with Support of 3M and STMicroelectronics; 05/03/2018 - 3M CO - MICHAEL F. ROMAN SUCCEEDS INGE G. THULIN; 09/05/2018 - 3M CO - STOCKHOLDERS ELECTED EACH OF TWELVE NOMINEES TO BOARD FOR A ONE-YEAR TERM; 13/04/2018 - Canada 3M CDOR Yield at 1.93% by End-3Q vs 1.90% Prior (Survey); 19/04/2018 - Mexico 3M TIIE Rate Seen at 7.86% by End-3Q (Survey); 04/05/2018 - British Airways Pensions Exits GE, Doubles Down on 3M — Barrons.com; 09/05/2018 - 3M Names Mojdeh Poul Exec VP, Safety/Graphics Business Group; 24/04/2018 - [PAV] PAVILLON HOLDINGS : 3M UNPAID LEAVE FOR ZHENG FENGWEN, EX; 03/05/2018 - 3M’s New Single-Patient Stethoscope Fills Immense Auscultation Quality Gap for Clinicians Treating Patients in Isolation; 13/03/2018 - Communicating In Tough Conditions Just Got Easier With New Post-it Extreme Notes

Orleans Capital Management Corp, which manages about $1.29 billion and $130.37M US Long portfolio, upped its stake in Occidental Pete Cp Del (NYSE:OXY) by 14,685 shares to 29,249 shares, valued at $1.94M in 2019Q1, according to the filing. It also increased its holding in Texas Instruments (NASDAQ:TXN) by 7,150 shares in the quarter, for a total of 22,086 shares, and has risen its stake in Bankamerica Corp (NYSE:BAC).

Analysts await 3M Company (NYSE:MMM) to report earnings on October, 22. They expect $2.59 earnings per share, up 0.39% or $0.01 from last year’s $2.58 per share. MMM’s profit will be $1.49B for 15.85 P/E if the $2.59 EPS becomes a reality. After $2.20 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts 17.73% EPS growth.

Investors sentiment increased to 0.98 in 2019 Q1. Its up 0.18, from 0.8 in 2018Q4. It increased, as 55 investors sold MMM shares while 546 reduced holdings. 135 funds opened positions while 452 raised stakes. 375.82 million shares or 5.73% less from 398.67 million shares in 2018Q4 were reported. Roof Eidam Maycock Adv holds 0.31% or 3,810 shares. Cannell Peter B Incorporated accumulated 35,720 shares. Fagan Assocs Incorporated accumulated 5,775 shares or 0.51% of the stock. Hartford Inv owns 0.41% invested in 3M Company (NYSE:MMM) for 69,962 shares. Brighton Jones Ltd Com has invested 0.19% in 3M Company (NYSE:MMM). Gardner Russo And Gardner Limited Liability Company owns 1,140 shares. Campbell Newman Asset Mgmt holds 0.07% in 3M Company (NYSE:MMM) or 2,300 shares. First Merchants has invested 0.86% of its portfolio in 3M Company (NYSE:MMM). Dowling & Yahnke Ltd Liability invested 0.7% in 3M Company (NYSE:MMM). Paragon Cap Ltd Liability Corporation holds 0.23% or 2,367 shares. Atlas Browninc holds 6,318 shares or 0.93% of its portfolio. Intrust Bancorp Na holds 1,280 shares. Moors & Cabot invested in 39,790 shares or 0.55% of the stock. Arrowstreet Cap Limited Partnership accumulated 10,700 shares or 0.01% of the stock. Quantbot Lp stated it has 0.33% of its portfolio in 3M Company (NYSE:MMM).

More notable recent 3M Company (NYSE:MMM) news were published by: Globenewswire.com which released: “Zhang Investor Law Announces Securities Class Action Lawsuit Against 3M Company – MMM - GlobeNewswire” on August 06, 2019, also Investorplace.com with their article: “3M Stock Can ‘Flex and Seal’ Its Way to a Recovery - Investorplace.com” published on August 05, 2019, Globenewswire.com published: “SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KSF REMINDS CAH, CARB, MMM, VNTR INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits - GlobeNewswire” on August 06, 2019. More interesting news about 3M Company (NYSE:MMM) were released by: Seekingalpha.com and their article: “3M Company 2019 Q2 - Results - Earnings Call Slides - Seeking Alpha” published on July 25, 2019 as well as Fool.com‘s news article titled: “Is It Time to Buy 3M Stock? - Motley Fool” with publication date: August 06, 2019.

Since February 11, 2019, it had 1 insider purchase, and 1 insider sale for $3.04 million activity. On Monday, February 11 Bauman James L sold $3.22 million worth of 3M Company (NYSE:MMM) or 16,065 shares.

Investors sentiment is 1.1 in Q1 2019. Its the same as in 2018Q4. It is flat, as 10 investors sold MGEE shares while 39 reduced holdings. only 13 funds opened positions while 41 raised stakes. 14.68 million shares or 4.16% more from 14.09 million shares in 2018Q4 were reported. Carroll Finance Assocs owns 150 shares for 0% of their portfolio. Bank & Trust Of America De, a North Carolina-based fund reported 60,043 shares. Cohen & Steers holds 0% of its portfolio in MGE Energy, Inc. (NASDAQ:MGEE) for 654 shares. California Employees Retirement holds 0% or 38,591 shares. Ameritas Investment Partners stated it has 2,834 shares. Fmr Limited Liability Corp holds 1,204 shares. Jpmorgan Chase And holds 68,491 shares or 0% of its portfolio. Virginia Retirement System Et Al stated it has 0.02% of its portfolio in MGE Energy, Inc. (NASDAQ:MGEE). Northern Trust Corp stated it has 0.01% of its portfolio in MGE Energy, Inc. (NASDAQ:MGEE). Amalgamated State Bank accumulated 4,824 shares or 0.01% of the stock. State Street Corp accumulated 771,096 shares or 0% of the stock. Goldman Sachs Gp invested 0% in MGE Energy, Inc. (NASDAQ:MGEE). Department Mb Bancshares N A invested in 225 shares. Credit Suisse Ag stated it has 29,085 shares. Sva Plumb Wealth Management Llc owns 12,506 shares.

Virginia Retirement Systems Et Al, which manages about $8.46B US Long portfolio, decreased its stake in Norfolk Southern Corp (NYSE:NSC) by 2,200 shares to 142,600 shares, valued at $26.65 million in 2019Q1, according to the filing. It also reduced its holding in Urstadt Biddle Pptys Inc (NYSE:UBA) by 16,000 shares in the quarter, leaving it with 23,700 shares, and cut its stake in Cbre Group Inc (NYSE:CBG).

3M Company (NYSE:MMM) Institutional Positions Chart

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