Carret Asset Management LLC Decreases Position in BHP Billiton Limited (BHP)

Carret Asset Management LLC decreased its stake in shares of BHP Billiton Limited (NYSE:BHP) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,540 shares of the mining company’s stock after selling 50 shares during the period. Carret Asset Management LLC’s holdings in BHP Billiton Limited were worth $346,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in BHP Billiton Limited during the fourth quarter valued at $4,063,000. Vicus Capital raised its stake in BHP Billiton Limited by 110.5% in the first quarter. Vicus Capital now owns 77,786 shares of the mining company’s stock valued at $2,825,000 after buying an additional 40,827 shares in the last quarter. First Republic Investment Management Inc. raised its stake in BHP Billiton Limited by 1.7% in the fourth quarter. First Republic Investment Management Inc. now owns 59,259 shares of the mining company’s stock valued at $2,120,000 after buying an additional 1,010 shares in the last quarter. Profund Advisors LLC raised its stake in BHP Billiton Limited by 13.0% in the third quarter. Profund Advisors LLC now owns 33,904 shares of the mining company’s stock valued at $1,175,000 after buying an additional 3,912 shares in the last quarter. Finally, Point View Wealth Management Inc. raised its stake in BHP Billiton Limited by 1.6% in the third quarter. Point View Wealth Management Inc. now owns 36,865 shares of the mining company’s stock valued at $1,277,000 after buying an additional 596 shares in the last quarter. Hedge funds and other institutional investors own 2.86% of the company’s stock.

Institutional Ownership by Quarter for BHP Billiton Limited (NYSE:BHP)

BHP Billiton Limited (NYSE:BHP) traded up 2.26% on Friday, reaching $36.71. The company’s stock had a trading volume of 2,587,187 shares. The firm’s 50 day moving average is $35.88 and its 200-day moving average is $37.48. The firm has a market cap of $97.69 billion, a P/E ratio of 39.39 and a beta of 1.22. BHP Billiton Limited has a 12 month low of $25.75 and a 12 month high of $41.79.

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Several equities research analysts have recently weighed in on BHP shares. HSBC Holdings plc upgraded BHP Billiton Limited from a “hold” rating to a “buy” rating and lowered their price objective for the company from $41.79 to $25.75 in a research note on Wednesday, April 19th. Investec upgraded BHP Billiton Limited from a “hold” rating to a “buy” rating in a research note on Friday, March 17th. Citigroup Inc upgraded BHP Billiton Limited from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 26th. Goldman Sachs Group Inc lowered BHP Billiton Limited from a “neutral” rating to a “sell” rating in a research note on Tuesday, April 25th. Finally, Morgan Stanley reiterated a “buy” rating on shares of BHP Billiton Limited in a research note on Saturday, January 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $35.30.

About BHP Billiton Limited

BHP Billiton Limited is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.

12 Month Chart for NYSE:BHP

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