Teachers Retirement System of The State of Kentucky Acquires New Holdings in Eni S.p.A. (NYSE:E)

Teachers Retirement System of The State of Kentucky bought a new stake in Eni S.p.A. (NYSE:E - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 102,000 shares of the oil and gas exploration company's stock, valued at approximately $3,141,000.

A number of other institutional investors and hedge funds also recently modified their holdings of E. Allspring Global Investments Holdings LLC bought a new stake in ENI in the first quarter worth about $74,000. GAMMA Investing LLC lifted its stake in ENI by 19.8% in the second quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company's stock valued at $75,000 after purchasing an additional 404 shares during the last quarter. Barometer Capital Management Inc. bought a new position in ENI during the fourth quarter valued at $119,000. Toronto Dominion Bank bought a new position in ENI during the first quarter valued at $172,000. Finally, Arkadios Wealth Advisors purchased a new stake in ENI in the first quarter worth $218,000. 1.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada upgraded shares of ENI from a "sector perform" rating to an "outperform" rating in a research note on Monday, July 29th. Morgan Stanley raised shares of ENI from an "equal weight" rating to an "overweight" rating and set a $39.60 target price on the stock in a report on Thursday, August 29th. StockNews.com lowered ENI from a "buy" rating to a "hold" rating in a report on Friday, September 13th. Sanford C. Bernstein lowered ENI from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Finally, Stifel Nicolaus downgraded ENI from a "buy" rating to a "hold" rating in a research note on Friday, July 19th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $39.60.

ENI Price Performance

E traded down $0.15 during midday trading on Friday, hitting $31.40. The stock had a trading volume of 276,495 shares, compared to its average volume of 299,415. The company has a market cap of $53.00 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 1.34 and a beta of 0.96. Eni S.p.A. has a 1 year low of $28.82 and a 1 year high of $34.30. The business has a fifty day moving average of $31.53 and a 200 day moving average of $31.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.28.

ENI (NYSE:E - Get Free Report) last announced its quarterly earnings data on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.12 by ($0.14). The company had revenue of $24.82 billion for the quarter, compared to the consensus estimate of $25.74 billion. ENI had a net margin of 4.21% and a return on equity of 11.84%. As a group, equities analysts forecast that Eni S.p.A. will post 4.18 earnings per share for the current fiscal year.

ENI Profile

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.