Electron Capital Partners LLC Takes $12.36 Million Position in United States Steel Co. (NYSE:X)

Electron Capital Partners LLC bought a new position in United States Steel Co. (NYSE:X - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 363,714 shares of the basic materials company's stock, valued at approximately $12,363,000. United States Steel makes up approximately 0.6% of Electron Capital Partners LLC's investment portfolio, making the stock its 25th largest holding. Electron Capital Partners LLC owned about 0.16% of United States Steel as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of X. Vanguard Group Inc. boosted its holdings in United States Steel by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 20,558,732 shares of the basic materials company's stock worth $698,791,000 after purchasing an additional 186,994 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of United States Steel by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,291,906 shares of the basic materials company's stock worth $315,790,000 after buying an additional 929,762 shares during the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of United States Steel by 1.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,788,075 shares of the basic materials company's stock worth $162,747,000 after acquiring an additional 68,230 shares during the period. Massachusetts Financial Services Co. MA increased its position in United States Steel by 3.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,773,225 shares of the basic materials company's stock valued at $162,242,000 after acquiring an additional 174,394 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in United States Steel by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,862,064 shares of the basic materials company's stock valued at $131,313,000 after acquiring an additional 22,380 shares during the period. Hedge funds and other institutional investors own 81.92% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on X shares. Jefferies Financial Group cut their price target on United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, January 6th. BMO Capital Markets restated a "market perform" rating and set a $45.00 target price on shares of United States Steel in a research report on Monday, March 31st. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $38.00 price target (down from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th. Bank of America initiated coverage on shares of United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 price objective for the company. Finally, Morgan Stanley upped their price objective on United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, United States Steel presently has a consensus rating of "Hold" and a consensus target price of $39.94.

United States Steel Price Performance

Shares of X traded up $0.61 during trading hours on Friday, reaching $44.07. 6,738,938 shares of the stock traded hands, compared to its average volume of 5,514,024. United States Steel Co. has a 52-week low of $26.92 and a 52-week high of $46.18. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The company has a market cap of $9.98 billion, a P/E ratio of 29.58, a price-to-earnings-growth ratio of 1.53 and a beta of 1.79. The company's 50-day moving average price is $40.99 and its two-hundred day moving average price is $38.30.

United States Steel (NYSE:X - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.54 billion. United States Steel had a return on equity of 4.27% and a net margin of 2.46%. United States Steel's quarterly revenue was down 10.4% compared to the same quarter last year. During the same period last year, the firm posted $0.82 EPS. On average, analysts anticipate that United States Steel Co. will post 1.43 earnings per share for the current year.

United States Steel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Monday, May 12th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Monday, May 12th. United States Steel's payout ratio is 13.42%.

United States Steel Company Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.