Giverny Capital Inc. Continues to Hold Stake in SPDR MSCI Europe Energy UCITS ETF (STN)

Giverny Capital Inc. Continues to Hold Stake in SPDR MSCI Europe Energy UCITS ETF (STN)

Giverny Capital Inc. held its position in SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 56,352 shares of the company’s stock at the end of the third quarter. SPDR MSCI Europe Energy UCITS ETF comprises 0.2% of Giverny Capital Inc.’s holdings, making the stock its 21st largest position. Giverny Capital Inc.’s holdings in SPDR MSCI Europe Energy UCITS ETF were worth $1,325,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its position in SPDR MSCI Europe Energy UCITS ETF by 14.2% in the second quarter. FMR LLC now owns 8,605,941 shares of the company’s stock valued at $208,695,000 after buying an additional 1,070,752 shares during the period. Sprott Inc. increased its position in SPDR MSCI Europe Energy UCITS ETF by 108.4% in the second quarter. Sprott Inc. now owns 104,200 shares of the company’s stock valued at $2,525,000 after buying an additional 54,200 shares during the period. Franklin Resources Inc. increased its position in SPDR MSCI Europe Energy UCITS ETF by 8.5% in the second quarter. Franklin Resources Inc. now owns 3,192,105 shares of the company’s stock valued at $77,379,000 after buying an additional 251,375 shares during the period. Public Sector Pension Investment Board increased its position in SPDR MSCI Europe Energy UCITS ETF by 8.4% in the second quarter. Public Sector Pension Investment Board now owns 787,480 shares of the company’s stock valued at $18,997,000 after buying an additional 61,000 shares during the period. Finally, AXA increased its position in SPDR MSCI Europe Energy UCITS ETF by 3.8% in the second quarter. AXA now owns 8,100 shares of the company’s stock valued at $195,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 55.09% of the company’s stock.

Shares of SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) opened at 27.05 on Friday. The firm has a market cap of $3.08 billion, a PE ratio of 28.99 and a beta of 1.57. The firm’s 50-day moving average price is $25.96 and its 200 day moving average price is $24.60. SPDR MSCI Europe Energy UCITS ETF has a 1-year low of $20.71 and a 1-year high of $27.70.

SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) last announced its quarterly earnings results on Thursday, November 10th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. SPDR MSCI Europe Energy UCITS ETF had a return on equity of 10.28% and a net margin of 3.34%. The business earned $1.26 million during the quarter, compared to analysts’ expectations of $918.11 million. The business’s quarterly revenue was up 40.7% on a year-over-year basis. On average, equities research analysts forecast that SPDR MSCI Europe Energy UCITS ETF will post $1.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 12th. Stockholders of record on Friday, December 30th were given a $0.0842 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Wednesday, December 28th. SPDR MSCI Europe Energy UCITS ETF’s dividend payout ratio is currently 36.26%.

Several research firms have recently weighed in on STN. Scotiabank restated a “sector perform” rating and issued a $37.00 target price on shares of SPDR MSCI Europe Energy UCITS ETF in a research report on Tuesday, November 29th. TheStreet upgraded SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “buy” rating in a research report on Friday, November 25th. Zacks Investment Research downgraded SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “sell” rating in a research report on Thursday, January 12th. Canaccord Genuity set a $33.00 price objective on SPDR MSCI Europe Energy UCITS ETF and gave the stock a “hold” rating in a research report on Saturday, November 12th. Finally, RBC Capital Markets reiterated a “sector perform” rating and set a $36.00 price objective (up previously from $32.00) on shares of SPDR MSCI Europe Energy UCITS ETF in a research report on Friday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $33.11.

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 segment is Consulting Services. The Company’s services include planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects.

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