Mfs Inter Income Tr (MIN) Market Valuation Declined While 1607 Capital Partners Has Raised Its Stake; Oge Energy (OGE) Stake Boosted by John G Ullman & Associates Inc

April 16, 2018 - By Richard Conner

John G Ullman & Associates Inc increased its stake in Oge Energy Corp (OGE) by 23.29% based on its latest 2017Q4 regulatory filing with the SEC. John G Ullman & Associates Inc bought 47,568 shares as the company’s stock declined 2.27% with the market. The institutional investor held 251,834 shares of the central company at the end of 2017Q4, valued at $8.29 million, up from 204,266 at the end of the previous reported quarter. John G Ullman & Associates Inc who had been investing in Oge Energy Corp for a number of months, seems to be bullish on the $6.45B market cap company. The stock increased 2.09% or $0.66 during the last trading session, reaching $32.27. About 869,446 shares traded. OGE Energy Corp. (NYSE:OGE) has declined 8.90% since April 16, 2017 and is downtrending. It has underperformed by 20.45% the S&P500.

1607 Capital Partners Llc increased its stake in Mfs Inter Income Tr (MIN) by 9.47% based on its latest 2017Q4 regulatory filing with the SEC. 1607 Capital Partners Llc bought 217,800 shares as the company’s stock declined 4.80% with the market. The institutional investor held 2.52 million shares of the company at the end of 2017Q4, valued at $10.45M, up from 2.30 million at the end of the previous reported quarter. 1607 Capital Partners Llc who had been investing in Mfs Inter Income Tr for a number of months, seems to be bullish on the $465.63 million market cap company. The stock increased 0.13% or $0.005 during the last trading session, reaching $3.955. About 130,172 shares traded. MFS Intermediate Income Trust (NYSE:MIN) has declined 7.63% since April 16, 2017 and is downtrending. It has underperformed by 19.18% the S&P500.

Investors sentiment increased to 1.18 in 2017 Q4. Its up 0.26, from 0.92 in 2017Q3. It improved, as 7 investors sold MIN shares while 15 reduced holdings. 10 funds opened positions while 16 raised stakes. 35.90 million shares or 4.91% more from 34.22 million shares in 2017Q3 were reported. The Minnesota-based Sit has invested 1.27% in MFS Intermediate Income Trust (NYSE:MIN). Moreover, Monetary Group has 0.02% invested in MFS Intermediate Income Trust (NYSE:MIN). 15,404 were reported by First Allied Advisory Services Inc. Smith Salley Associate holds 0.01% in MFS Intermediate Income Trust (NYSE:MIN) or 18,325 shares. Morgan Stanley reported 968,698 shares. Bb&T Lc invested in 0% or 10,750 shares. Bank & Trust Of America De holds 0% or 1.31 million shares in its portfolio. Optimum Advisors reported 15,325 shares. Benchmark Advisors stated it has 64,300 shares or 0.21% of all its holdings. Delta Asset Mngmt Ltd Liability Tn holds 0% of its portfolio in MFS Intermediate Income Trust (NYSE:MIN) for 3,385 shares. Pnc Fin Services Gru Inc accumulated 10,500 shares. 75,354 are owned by Raymond James &. Wells Fargo & Mn holds 0.01% or 11.09 million shares in its portfolio. Citigroup reported 0% of its portfolio in MFS Intermediate Income Trust (NYSE:MIN). Lpl Financial Ltd Com holds 809,609 shares or 0.01% of its portfolio.

1607 Capital Partners Llc, which manages about $2.83B and $1.80 billion US Long portfolio, decreased its stake in Central Secs Corp (NYSEMKT:CET) by 13,400 shares to 230,601 shares, valued at $6.32M in 2017Q4, according to the filing. It also reduced its holding in Aberdeen Japan Equity Fd Inc (JEQ) by 57,202 shares in the quarter, leaving it with 2.54 million shares, and cut its stake in Blackrock Enhanced Eqt Div T (BDJ).

Among 11 analysts covering OGE Energy (NYSE:OGE), 3 have Buy rating, 0 Sell and 8 Hold. Therefore 27% are positive. OGE Energy had 23 analyst reports since August 7, 2015 according to SRatingsIntel. Jefferies maintained OGE Energy Corp. (NYSE:OGE) rating on Friday, August 14. Jefferies has “Hold” rating and $32.50 target. The firm earned “Buy” rating on Wednesday, January 10 by Goldman Sachs. As per Friday, July 21, the company rating was maintained by Jefferies. Bank of America initiated it with “Sell” rating and $37.0 target in Tuesday, October 24 report. The rating was downgraded by Wells Fargo on Friday, October 6 to “Market Perform”. As per Monday, April 11, the company rating was downgraded by Argus Research. The stock has “Buy” rating by Bank of America on Friday, February 23. KeyBanc Capital Markets maintained the stock with “Hold” rating in Wednesday, October 18 report. The company was initiated on Thursday, July 20 by Goldman Sachs. The stock of OGE Energy Corp. (NYSE:OGE) earned “Hold” rating by Jefferies on Wednesday, September 27.

John G Ullman & Associates Inc, which manages about $1.08B and $501.27 million US Long portfolio, decreased its stake in General Motors Co (NYSE:GM) by 246,588 shares to 11,450 shares, valued at $469,000 in 2017Q4, according to the filing. It also reduced its holding in Lindsay Corp (NYSE:LNN) by 30,485 shares in the quarter, leaving it with 120,706 shares, and cut its stake in Exelon Corp (NYSE:EXC).

By1 Richard Conner