Zacks Investment Research cut shares of SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) from a hold rating to a sell rating in a research note published on Thursday.

According to Zacks, “Stantec Inc. provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics. It also provides professional consulting services in environmental sciences, project management, and project economics for infrastructure and facilities projects. Its services include, or relate to, the development of conceptual plans, zoning approval of design infrastructure, transportation planning, traffic engineering, landscape architecture, urban planning, design construction review and surveying. It provides knowledge-based solutions for infrastructure and facilities projects through value-added professional services principally under fee-for-service agreements with clients. Stantec Inc. is headquartered in Edmonton, Canada. “

Several other brokerages also recently commented on STN. TheStreet raised shares of SPDR MSCI Europe Energy UCITS ETF from a hold rating to a buy rating in a research note on Friday, November 25th. DA Davidson reaffirmed a hold rating and issued a $25.00 target price on shares of SPDR MSCI Europe Energy UCITS ETF in a research note on Wednesday, November 9th. Canaccord Genuity reaffirmed a hold rating and issued a $30.00 target price (down previously from $33.00) on shares of SPDR MSCI Europe Energy UCITS ETF in a research note on Sunday, October 23rd. Scotiabank reaffirmed a sector perform rating and issued a $37.00 target price on shares of SPDR MSCI Europe Energy UCITS ETF in a research note on Tuesday, November 29th. Finally, RBC Capital Markets reaffirmed a sector perform rating and issued a $36.00 target price (up previously from $32.00) on shares of SPDR MSCI Europe Energy UCITS ETF in a research note on Friday, November 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $33.11.

SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) traded up 0.58% during midday trading on Thursday, hitting $26.20. 8,247 shares of the company traded hands. The firm has a market capitalization of $2.99 billion, a PE ratio of 28.32 and a beta of 1.53. SPDR MSCI Europe Energy UCITS ETF has a 12-month low of $20.71 and a 12-month high of $27.70. The stock’s 50-day moving average is $26.22 and its 200-day moving average is $24.42.

SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) last announced its quarterly earnings data on Thursday, November 10th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.07. SPDR MSCI Europe Energy UCITS ETF had a net margin of 3.34% and a return on equity of 10.28%. The business had revenue of $1.26 million for the quarter, compared to analyst estimates of $918.11 million. The firm’s quarterly revenue was up 40.7% compared to the same quarter last year. Analysts anticipate that SPDR MSCI Europe Energy UCITS ETF will post $1.34 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Thursday, January 12th. Shareholders of record on Friday, December 30th were given a dividend of $0.0842 per share. The ex-dividend date of this dividend was Wednesday, December 28th. This represents a $0.34 annualized dividend and a yield of 1.28%. SPDR MSCI Europe Energy UCITS ETF’s dividend payout ratio (DPR) is presently 36.26%.

Institutional investors have recently bought and sold shares of the company. FMR LLC boosted its position in shares of 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 last quarter. The Manufacturers Life Insurance Company bought a new position in shares of SPDR MSCI Europe Energy UCITS ETF during the third quarter valued at approximately $19,334,000. AGF Investments Inc. boosted its position in shares of SPDR MSCI Europe Energy UCITS ETF by 158.8% in the second quarter. AGF Investments Inc. now owns 797,567 shares of the company’s stock valued at $19,334,000 after buying an additional 489,372 shares during the period. Vanguard Group Inc. boosted its position in shares of SPDR MSCI Europe Energy UCITS ETF by 37.3% in the second quarter. Vanguard Group Inc. now owns 1,786,579 shares of the company’s stock valued at $43,288,000 after buying an additional 485,479 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in shares of SPDR MSCI Europe Energy UCITS ETF by 29.7% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,330,902 shares of the company’s stock valued at $41,032,000 after buying an additional 304,800 shares during the period. Institutional investors own 54.85% of the company’s stock.

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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