Pattern Energy (NDAQ:PEGI) Had Its Price Objective Increases by Equity Research Analysts at J P Morgan Chase Co to $24.00, Soroban Capital Partners LP Has Raised By $73.55 Million Its Advance Auto Parts (AAP) Stake

June 20, 2017 - By Henry Gaston

Among 3 analysts covering Pattern Energy (NDAQ:PEGI), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Pattern Energy has $25.50 highest and $21 lowest target. $23.25’s average target is -4.12% below currents $24.25 stock price. Pattern Energy had 3 analyst reports since March 15, 2017 according to SRatingsIntel. The company was maintained on Friday, April 28 by Desjardins Securities. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, March 15. Macquarie Research downgraded the shares of PEGI in report on Thursday, March 23 to “Neutral” rating.

Soroban Capital Partners Lp increased Advance Auto Parts Inc (AAP) stake by 72.05% reported in 2016Q4 SEC filing. Soroban Capital Partners Lp acquired 435,200 shares as Advance Auto Parts Inc (AAP)’s stock declined 6.26%. The Soroban Capital Partners Lp holds 1.04M shares with $175.75 million value, up from 604,000 last quarter. Advance Auto Parts Inc now has $9.12 billion valuation. The stock declined 4.31% or $5.58 reaching $124.02 on the news. About 1.81M shares traded or 5.85% up from the average. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since June 20, 2016 and is uptrending. It has underperformed by 11.18% the S&P500.

Investors sentiment increased to 1.05 in 2016 Q4. Its up 0.03, from 1.02 in 2016Q3. It increased, as 50 investors sold AAP shares while 161 reduced holdings. 75 funds opened positions while 146 raised stakes. 71.45 million shares or 0.43% less from 71.76 million shares in 2016Q3 were reported. Tarbox Group reported 8 shares. Asset Management One Limited owns 139,553 shares or 0.06% of their US portfolio. Legal & General Group Public Ltd reported 0.05% stake. United Kingdom-based Standard Life Investments Limited has invested 0.5% in Advance Auto Parts, Inc. (NYSE:AAP). Fifth Third Commercial Bank owns 260 shares or 0% of their US portfolio. 74,000 are owned by Cypress Funds Ltd Liability Co. Texas Yale Cap Corporation stated it has 0.07% in Advance Auto Parts, Inc. (NYSE:AAP). Rocky Mountain Advisers Ltd Liability owns 0.24% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 281 shares. British Columbia Inv Management holds 0.05% in Advance Auto Parts, Inc. (NYSE:AAP) or 35,245 shares. 1,611 are held by Blair William & Co Il. Richmond Hill Investment LP invested in 18,598 shares or 3.85% of the stock. Prelude Capital Mgmt Limited Liability Corporation reported 0.01% in Advance Auto Parts, Inc. (NYSE:AAP). Redmond Asset Mgmt Llc invested 1.05% in Advance Auto Parts, Inc. (NYSE:AAP). Pictet Asset Limited invested in 38,744 shares or 0.02% of the stock. Meru Capital Gp Limited Partnership holds 62,172 shares.

Since March 7, 2017, it had 7 buys, and 2 sales for $47.37 million activity. Greco Thomas bought $1.00M worth of Advance Auto Parts, Inc. (NYSE:AAP) on Tuesday, March 7. Slone Reuben E bought $67,435 worth of stock. On Friday, May 26 the insider LEE EUGENE I JR bought $250,481. Smith Jeffrey C bought $47.00 million worth of stock or 350,000 shares. The insider Buss Brad W bought $161,364. Carter William Harrison sold 2,690 shares worth $411,113. Karaboutis Adriana had bought 367 shares worth $49,648.

Among 23 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 13 have Buy rating, 2 Sell and 8 Hold. Therefore 57% are positive. Advance Auto Parts Inc. had 50 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Tuesday, November 15. Vetr upgraded the stock to “Buy” rating in Tuesday, August 25 report. The stock of Advance Auto Parts, Inc. (NYSE:AAP) has “Buy” rating given on Friday, February 5 by UBS. The rating was maintained by Wedbush on Friday, February 12 with “Outperform”. The rating was maintained by RBC Capital Markets on Thursday, May 25 with “Outperform”. Sterne Agee CRT downgraded Advance Auto Parts, Inc. (NYSE:AAP) on Friday, November 13 to “Neutral” rating. The firm has “Underweight” rating given on Wednesday, February 22 by Barclays Capital. Sterne Agee CRT maintained the stock with “Buy” rating in Friday, August 14 report. The rating was initiated by Guggenheim on Wednesday, January 18 with “Neutral”. Morgan Stanley maintained the shares of AAP in report on Friday, May 20 with “Overweight” rating.

Soroban Capital Partners Lp decreased Marathon Pete Corp (NYSE:MPC) stake by 1.42M shares to 8.00M valued at $402.89 million in 2016Q4. It also reduced Autodesk Inc (Call) (NASDAQ:ADSK) stake by 8.99M shares and now owns 1.05 million shares. Dollar Tree Inc (NASDAQ:DLTR) was reduced too.

Pattern Energy Group Inc. is an independent power firm focused on owning and operating power projects. The company has market cap of $2.18 billion. The Firm holds interests in over 18 wind power projects located in the United States, Canada and Chile with total capacity of over 2,644 megawatts . It has a 185.78 P/E ratio. Each of its projects has contracted to sell its output pursuant to a power sale agreement.

Investors sentiment decreased to 1.22 in Q4 2016. Its down 0.55, from 1.77 in 2016Q3. It is negative, as 19 investors sold Pattern Energy Group Inc shares while 48 reduced holdings. 22 funds opened positions while 60 raised stakes. 95.02 million shares or 4.52% less from 99.51 million shares in 2016Q3 were reported. American National Commerce Tx holds 0.03% or 24,225 shares in its portfolio. 14,660 are held by Susquehanna Gru Llp. Vanguard Gru Incorporated accumulated 0.01% or 5.51 million shares. Orinda Asset Mngmt Ltd Llc has 1.36% invested in Pattern Energy Group Inc (NASDAQ:PEGI) for 79,874 shares. Peak6 Investments L P accumulated 92,994 shares. Carlyle Grp Limited Partnership has invested 13.6% in Pattern Energy Group Inc (NASDAQ:PEGI). Miller Howard Invests owns 0.19% invested in Pattern Energy Group Inc (NASDAQ:PEGI) for 509,732 shares. State Board Of Administration Of Florida Retirement Sys reported 0% of its portfolio in Pattern Energy Group Inc (NASDAQ:PEGI). Hsbc Public Limited Liability Com reported 13,124 shares. 1.70M were reported by Beach Invest Counsel Pa. Tortoise Advsr Ltd Co, a Kansas-based fund reported 1,558 shares. Brookfield Asset Mngmt Inc owns 226,900 shares or 0.03% of their US portfolio. Blackrock Institutional Trust Na invested in 0.01% or 1.92M shares. Guggenheim Capital Lc invested in 0.01% or 205,508 shares. Alpine Woods Limited Liability Com accumulated 587,600 shares.

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