Miller Howard Investments INC Upped Holding in Bb&T Corp Com (BBT) by $21.38 Million as Stock Value Declined

September 8, 2018 - By Mark Babin

BB&T Corporation (NYSE:BBT) LogoInvestors sentiment decreased to 1.12 in Q1 2018. Its down 0.03, from 1.15 in 2017Q4. It dived, as 36 investors sold BBT shares while 301 reduced holdings. 110 funds opened positions while 268 raised stakes. 481.29 million shares or 0.34% more from 479.66 million shares in 2017Q4 were reported. Pggm stated it has 786,400 shares. Rafferty Asset Mngmt Limited Liability Com accumulated 211,856 shares. Commercial Bank Of The Ozarks has 1.22% invested in BB&T Corporation (NYSE:BBT). 50,841 were reported by Synovus Fincl. Moreover, Argent has 0.13% invested in BB&T Corporation (NYSE:BBT). State Of Tennessee Treasury Department holds 0.07% of its portfolio in BB&T Corporation (NYSE:BBT) for 257,221 shares. Commerzbank Aktiengesellschaft Fi reported 10,410 shares or 0.01% of all its holdings. Chemung Canal Company reported 88,494 shares stake. Carlson Capital Limited Partnership owns 516,800 shares or 0.41% of their US portfolio. Quadrant Cap Management Ltd Liability reported 39,335 shares. Pictet North America Advsr Sa reported 49,129 shares. Westover Advsr Ltd Limited Liability Company stated it has 0.34% of its portfolio in BB&T Corporation (NYSE:BBT). Kbc Grp Nv holds 0.03% of its portfolio in BB&T Corporation (NYSE:BBT) for 64,134 shares. Conning Incorporated owns 747,011 shares for 1.25% of their portfolio. Us Bank & Trust De reported 0.06% in BB&T Corporation (NYSE:BBT).

Since March 6, 2018, it had 0 insider buys, and 9 insider sales for $16.07 million activity. 74,847 BB&T Corporation (NYSE:BBT) shares with value of $4.01 million were sold by Bible Daryl N.. $151,504 worth of BB&T Corporation (NYSE:BBT) was sold by Powell Cynthia B. 3,116 shares were sold by Standridge Brantley J, worth $167,146 on Thursday, April 26. On Wednesday, April 25 the insider KING KELLY S sold $4.35 million. HENRY I. PATRICIA sold $155,943 worth of stock. 2,500 BB&T Corporation (NYSE:BBT) shares with value of $130,852 were sold by Boyer K. David Jr..

Miller Howard Investments Inc increased its stake in Bb&T Corp Com (BBT) by 21.69% based on its latest 2018Q1 regulatory filing with the SEC. Miller Howard Investments Inc bought 411,240 shares as the company’s stock declined 1.68% with the market. The institutional investor held 2.31M shares of the major banks company at the end of 2018Q1, valued at $120.09M, up from 1.90M at the end of the previous reported quarter. Miller Howard Investments Inc who had been investing in Bb&T Corp Com for a number of months, seems to be bullish on the $40.26B market cap company. The stock decreased 0.52% or $0.27 during the last trading session, reaching $51.98. About 1.90 million shares traded. BB&T Corporation (NYSE:BBT) has risen 28.68% since September 8, 2017 and is uptrending. It has outperformed by 16.11% the S&P500.

Miller Howard Investments Inc, which manages about $6.68B and $4.23B US Long portfolio, decreased its stake in Jpmorgan Chase & Co Alerian Ml (AMJ) by 706,363 shares to 41,911 shares, valued at $1.01M in 2018Q1, according to the filing. It also reduced its holding in Welltower Inc Com by 389,350 shares in the quarter, leaving it with 11,504 shares, and cut its stake in Mplx Lp Com Unit Rep Ltd (NYSE:MPLX).

Another recent and important BB&T Corporation (NYSE:BBT) news was published by which published an article titled: “BB&T to demolish old HQ in Wilson, erect new, $35M building” on August 30, 2018.

BB&T Corporation (NYSE:BBT) Ratings Coverage

Among 14 analysts covering BB&T Corp (NYSE:BBT), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. BB&T Corp had 16 analyst reports since March 27, 2018 according to SRatingsIntel. On Thursday, April 19 the stock rating was maintained by Sandler O’Neill with “Hold”. The rating was maintained by BMO Capital Markets on Friday, July 20 with “Outperform”. BMO Capital Markets maintained it with “Buy” rating and $6300 target in Thursday, April 19 report. The company was upgraded on Tuesday, March 27 by B. Riley & Co. The rating was maintained by Keefe Bruyette & Woods on Wednesday, April 4 with “Hold”. The stock has “Buy” rating by FBR Capital on Tuesday, March 27. The stock has “Buy” rating by Stephens on Monday, April 23. The rating was upgraded by Wells Fargo on Tuesday, March 27 to “Outperform”. Piper Jaffray maintained it with “Hold” rating and $5400 target in Thursday, April 19 report. The company was upgraded on Wednesday, April 11 by Edward Jones.

BB&T Corporation (NYSE:BBT) Institutional Positions Chart

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