Lateef Investment Management LP Cut By $7.00 Million Its Advance Auto Parts (AAP) Holding; NextEra Energy Partners (NEP)’s Sentiment Is 1.26

November 15, 2017 - By Marie Mckinney

Nextera Energy Partners, LP is a limited partnership formed to acquire, manage and own contracted clean energy projects. The company has market cap of $2.13 billion. The Company, through its limited partnership interest in NextEra Energy Operating Partners, LP , owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets. It has a 31.35 P/E ratio. The Company’s primary business objective is to invest in contracted clean energy projects.

Lateef Investment Management Lp decreased Advance Auto Parts Inc (AAP) stake by 17.45% reported in 2017Q2 SEC filing. Lateef Investment Management Lp sold 60,378 shares as Advance Auto Parts Inc (AAP)’s stock declined 6.26%. The Lateef Investment Management Lp holds 285,698 shares with $33.31M value, down from 346,076 last quarter. Advance Auto Parts Inc now has $7.07B valuation. The stock increased 16.29% or $13.41 during the last trading session, reaching $95.72. About 10 shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since November 15, 2016 and is uptrending. It has underperformed by 11.18% the S&P500.

Lehman Financial Resources Inc. holds 10.76% of its portfolio in Nextera Energy Partners LP for 508,803 shares. A. D. Beadell Investment Counsel Inc. owns 242,702 shares or 7.27% of their US portfolio. Moreover, Beach Investment Counsel Inc Pa has 5.05% invested in the company for 1.33 million shares. The Pennsylvania-based Beach Investment Management Llc. has invested 5.05% in the stock. Energy Income Partners Llc, a Connecticut-based fund reported 5.09 million shares.

Ratings analysis reveals 100% of NextEra Energy Partners’s analysts are positive. Out of 4 Wall Street analysts rating NextEra Energy Partners, 4 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $31.0 while the high is $35.0. The stock’s average target of $33 is -15.94% below today’s ($39.26) share price. NEP was included in 4 notes of analysts from October 17, 2016. The stock has “Outperform” rating by Credit Suisse on Friday, November 18. The firm has “Mkt Outperform” rating by Avondale given on Tuesday, November 1. As per Friday, February 17, the company rating was initiated by Raymond James. The firm has “Buy” rating given on Monday, October 17 by UBS.

Analysts await Nextera Energy Partners LP (NYSE:NEP) to report earnings on January, 26. They expect $0.33 earnings per share, down 63.74% or $0.58 from last year’s $0.91 per share. NEP’s profit will be $17.90 million for 29.74 P/E if the $0.33 EPS becomes a reality. After $0.01 actual earnings per share reported by Nextera Energy Partners LP for the previous quarter, Wall Street now forecasts 3,200.00% EPS growth.

The stock increased 0.15% or $0.06 on November 14, reaching $39.26. About shares traded. Nextera Energy Partners LP (NEP) has risen 18.85% since November 15, 2016 and is uptrending. It has outperformed by 2.15% the S&P500.

Investors sentiment increased to 1.07 in Q2 2017. Its up 0.04, from 1.03 in 2017Q1. It increased, as 69 investors sold AAP shares while 122 reduced holdings. 42 funds opened positions while 162 raised stakes. 76.44 million shares or 3.29% more from 74.00 million shares in 2017Q1 were reported. 263,741 were accumulated by D E Shaw & Inc. 1,364 were accumulated by Livforsakringsbolaget Skandia Omsesidigt. Gw Henssler And Assoc holds 0.06% or 5,198 shares in its portfolio. Jefferies Gp reported 0.07% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). National Bank & Trust Of Mellon reported 0.02% stake. Oppenheimer Asset Management holds 0.01% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 1,582 shares. Calamos Advisors Ltd Liability invested in 0.1% or 111,956 shares. 242 are owned by Johnson Gru Inc. Ubs Asset Americas has 0% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 197,802 shares. Panagora Asset Management Inc has invested 0% in Advance Auto Parts, Inc. (NYSE:AAP). Aviva Public Ltd Com has 0.03% invested in Advance Auto Parts, Inc. (NYSE:AAP). Kbc Grp Nv has invested 0.01% in Advance Auto Parts, Inc. (NYSE:AAP). Sun Life Inc reported 542 shares stake. Raymond James Financial Svcs Inc invested in 0.02% or 27,039 shares. Hightower Advsr Ltd Liability Company reported 5,370 shares.

Since May 26, 2017, it had 6 buys, and 0 insider sales for $49.68 million activity. Another trade for 350,000 shares valued at $47.00 million was made by Smith Jeffrey C on Friday, May 26. LEE EUGENE I JR also bought $250,481 worth of Advance Auto Parts, Inc. (NYSE:AAP) on Friday, May 26. The insider Slone Reuben E bought $67,435. On Tuesday, May 30 Buss Brad W bought $161,364 worth of Advance Auto Parts, Inc. (NYSE:AAP) or 1,200 shares. Shares for $49,648 were bought by Karaboutis Adriana on Thursday, June 1. Greco Thomas had bought 16,000 shares worth $2.15M.

Among 26 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 13 have Buy rating, 3 Sell and 10 Hold. Therefore 50% are positive. Advance Auto Parts Inc. has $217 highest and $13 lowest target. $129.08’s average target is 34.85% above currents $95.72 stock price. Advance Auto Parts Inc. had 83 analyst reports since August 5, 2015 according to SRatingsIntel. On Friday, February 12 the stock rating was maintained by RBC Capital Markets with “Outperform”. The company was maintained on Thursday, August 24 by UBS. The firm has “Neutral” rating given on Wednesday, August 17 by Citigroup. The firm earned “Outperform” rating on Thursday, May 25 by RBC Capital Markets. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Sector Perform” rating given on Thursday, July 6 by RBC Capital Markets. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Sell” rating given on Wednesday, October 25 by BTIG Research. BTIG Research downgraded Advance Auto Parts, Inc. (NYSE:AAP) rating on Thursday, July 13. BTIG Research has “Sell” rating and $10900 target. The stock has “Equal Weight” rating by Barclays Capital on Monday, August 21. The stock of Advance Auto Parts, Inc. (NYSE:AAP) earned “Buy” rating by Jefferies on Wednesday, August 9. The firm earned “Outperform” rating on Tuesday, November 15 by RBC Capital Markets.

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