Envestnet Portfolio Solutions Inc. Invests $94,000 in Vale S.A. (NYSE:VALE)

Envestnet Portfolio Solutions Inc. acquired a new stake in Vale S.A. (NYSE:VALE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,579 shares of the basic materials company’s stock, valued at approximately $94,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VALE. Principal Financial Group Inc. grew its position in Vale by 1.0% during the third quarter. Principal Financial Group Inc. now owns 158,561 shares of the basic materials company’s stock worth $1,852,000 after buying an additional 1,494 shares during the period. Stock Yards Bank & Trust Co. grew its holdings in shares of Vale by 16.8% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 11,982 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 1,725 shares during the period. Brooklyn Investment Group increased its stake in Vale by 215.9% in the 4th quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 1,900 shares in the last quarter. IFP Advisors Inc raised its holdings in Vale by 206.4% during the fourth quarter. IFP Advisors Inc now owns 2,877 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 1,938 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in Vale by 30.9% during the fourth quarter. Lindbrook Capital LLC now owns 9,827 shares of the basic materials company’s stock worth $87,000 after purchasing an additional 2,317 shares during the last quarter. Institutional investors and hedge funds own 21.85% of the company’s stock.

Vale Trading Down 1.1 %

Shares of VALE opened at $10.06 on Friday. Vale S.A. has a fifty-two week low of $8.38 and a fifty-two week high of $13.14. The stock has a fifty day moving average of $9.61 and a two-hundred day moving average of $9.90. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The company has a market capitalization of $45.64 billion, a PE ratio of 6.98, a price-to-earnings-growth ratio of 0.31 and a beta of 0.85.

Vale (NYSE:VALE) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.36). Vale had a net margin of 16.15% and a return on equity of 17.38%. The business had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.03 billion. As a group, analysts forecast that Vale S.A. will post 1.85 EPS for the current year.

Vale Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a $0.3758 dividend. The ex-dividend date was Monday, March 10th. This is a boost from Vale’s previous semi-annual dividend of $0.30. This represents a dividend yield of 7.5%. Vale’s dividend payout ratio (DPR) is currently 52.08%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VALE. StockNews.com assumed coverage on Vale in a research report on Tuesday, March 25th. They issued a “hold” rating for the company. Scotiabank dropped their target price on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a report on Monday, January 6th. Morgan Stanley downgraded shares of Vale from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $14.50 to $11.30 in a report on Thursday, December 12th. Jefferies Financial Group cut their price objective on Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Barclays lowered their target price on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $13.26.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.