E&G Advisors LP Sells 100 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

E&G Advisors LP reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,777 shares of the home improvement retailer’s stock after selling 100 shares during the quarter. E&G Advisors LP’s holdings in Lowe’s Companies were worth $1,426,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Baltimore Washington Financial Advisors Inc. acquired a new stake in Lowe’s Companies in the fourth quarter valued at about $202,000. Optas LLC boosted its stake in shares of Lowe’s Companies by 143.8% in the 4th quarter. Optas LLC now owns 3,311 shares of the home improvement retailer’s stock valued at $817,000 after purchasing an additional 1,953 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Lowe’s Companies by 12.0% during the 4th quarter. Hodges Capital Management Inc. now owns 5,378 shares of the home improvement retailer’s stock valued at $1,327,000 after purchasing an additional 577 shares during the last quarter. Financial Life Planners acquired a new position in Lowe’s Companies during the 4th quarter worth approximately $45,000. Finally, Jennison Associates LLC lifted its stake in Lowe’s Companies by 43.5% in the 4th quarter. Jennison Associates LLC now owns 278,009 shares of the home improvement retailer’s stock valued at $68,613,000 after purchasing an additional 84,337 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Down 1.3 %

Shares of NYSE:LOW opened at $256.73 on Tuesday. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The stock’s 50 day moving average is $259.00 and its 200-day moving average is $257.46. The firm has a market capitalization of $144.96 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.18 and a beta of 1.11.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 38.37%.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LOW. Sanford C. Bernstein increased their price target on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Guggenheim reissued a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Evercore ISI lifted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada raised their price target on shares of Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $280.85.

About Lowe’s Companies

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.