SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) Shares Sold by UBS Group AG

UBS Group AG lowered its position in SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) by 33.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,376 shares of the business services provider’s stock after selling 11,589 shares during the period. UBS Group AG’s holdings in SPDR MSCI Europe Energy UCITS ETF were worth $605,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in STN. Swiss National Bank boosted its stake in shares of SPDR MSCI Europe Energy UCITS ETF by 1.0% in the first quarter. Swiss National Bank now owns 190,570 shares of the business services provider’s stock worth $4,945,000 after buying an additional 1,800 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of SPDR MSCI Europe Energy UCITS ETF by 17.4% in the first quarter. Bank of New York Mellon Corp now owns 15,488 shares of the business services provider’s stock worth $401,000 after buying an additional 2,300 shares during the period. Cardinal Capital Management Inc. boosted its stake in shares of SPDR MSCI Europe Energy UCITS ETF by 28.9% in the first quarter. Cardinal Capital Management Inc. now owns 12,500 shares of the business services provider’s stock worth $324,000 after buying an additional 2,800 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of SPDR MSCI Europe Energy UCITS ETF by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 102,219 shares of the business services provider’s stock worth $2,653,000 after buying an additional 5,114 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in shares of SPDR MSCI Europe Energy UCITS ETF during the first quarter worth $248,000. 57.33% of the stock is owned by hedge funds and other institutional investors.

SPDR MSCI Europe Energy UCITS ETF (STN) opened at 26.65 on Friday. The company has a market cap of $3.03 billion, a PE ratio of 32.22 and a beta of 1.62. The stock’s 50 day moving average is $25.30 and its 200 day moving average is $25.35. SPDR MSCI Europe Energy UCITS ETF has a 12 month low of $21.50 and a 12 month high of $28.05.

SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) last announced its earnings results on Wednesday, August 9th. The business services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03. The firm had revenue of $891.49 million for the quarter, compared to the consensus estimate of $902.78 million. SPDR MSCI Europe Energy UCITS ETF had a net margin of 2.31% and a return on equity of 10.67%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 EPS. Equities analysts predict that SPDR MSCI Europe Energy UCITS ETF will post $1.50 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from SPDR MSCI Europe Energy UCITS ETF’s previous quarterly dividend of $0.09. SPDR MSCI Europe Energy UCITS ETF’s dividend payout ratio (DPR) is 47.44%.

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STN has been the subject of a number of analyst reports. Zacks Investment Research cut shares of SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 26th. Desjardins raised shares of SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “buy” rating in a research report on Friday, May 12th. Finally, BidaskClub raised shares of SPDR MSCI Europe Energy UCITS ETF from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $31.80.

SPDR MSCI Europe Energy UCITS ETF Company Profile

Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.

Institutional Ownership by Quarter for SPDR MSCI Europe Energy UCITS ETF (NYSE:STN)

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