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

Carret Asset Management LLC decreased its position in BHP Billiton Limited (NYSE:BHP) by 0.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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.

Several other institutional investors have also modified their holdings of the company. LMR Partners LLP acquired a new position in shares of BHP Billiton Limited during the third quarter worth approximately $16,672,000. Point View Wealth Management Inc. raised its position in shares of 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 worth $1,277,000 after buying an additional 596 shares during the period. Davis Rea LTD. raised its position in shares of BHP Billiton Limited by 5.8% in the third quarter. Davis Rea LTD. now owns 22,172 shares of the mining company’s stock worth $768,000 after buying an additional 1,225 shares during the period. Autus Asset Management LLC raised its position in shares of BHP Billiton Limited by 10.4% in the third quarter. Autus Asset Management LLC now owns 77,205 shares of the mining company’s stock worth $2,675,000 after buying an additional 7,294 shares during the period. Finally, BOKF NA acquired a new position in shares of BHP Billiton Limited during the third quarter worth approximately $225,000. Institutional investors own 2.86% of the company’s stock.

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

Shares of BHP Billiton Limited (NYSE:BHP) traded up 2.26% during trading on Friday, hitting $36.71. 2,587,187 shares of the stock traded hands. The firm has a market cap of $97.69 billion, a price-to-earnings 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. The company has a 50 day moving average price of $35.88 and a 200 day moving average price of $37.48.

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A number of equities analysts have recently commented on BHP shares. Morgan Stanley reiterated a “buy” rating on shares of BHP Billiton Limited in a report on Saturday, January 21st. Jefferies Group LLC reiterated a “buy” rating on shares of BHP Billiton Limited in a report on Thursday, January 26th. Credit Suisse Group AG restated a “hold” rating on shares of BHP Billiton Limited in a report on Thursday, February 23rd. Investec upgraded shares of BHP Billiton Limited from a “hold” rating to a “buy” rating in a report on Friday, March 17th. Finally, HSBC Holdings plc upgraded shares of BHP Billiton Limited from a “hold” rating to a “buy” rating and dropped their target price for the company from $41.79 to $25.75 in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. BHP Billiton Limited has a consensus rating of “Hold” and a consensus price target 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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