Hightower Advisors Cut Its Holding in Nextera Energy Partners LP (NEP) by $457,606 as Shares Declined; Patten & Patten Stake In Unitedhealth Group (UNH) Was Upped

April 21, 2018 - By Michael Collier

UnitedHealth Group Incorporated (NYSE:UNH) Logo

Hightower Advisors Llc decreased its stake in Nextera Energy Partners Lp (NEP) by 14.68% based on its latest 2017Q4 regulatory filing with the SEC. Hightower Advisors Llc sold 10,642 shares as the company’s stock declined 1.28% with the market. The institutional investor held 61,848 shares of the public utilities company at the end of 2017Q4, valued at $2.67 million, down from 72,490 at the end of the previous reported quarter. Hightower Advisors Llc who had been investing in Nextera Energy Partners Lp for a number of months, seems to be less bullish one the $2.16 billion market cap company. The stock decreased 0.23% or $0.09 during the last trading session, reaching $39.8. About 174,791 shares traded. NextEra Energy Partners, LP (NYSE:NEP) has risen 24.04% since April 21, 2017 and is uptrending. It has outperformed by 12.49% the S&P500.

Patten & Patten Inc increased its stake in Unitedhealth Group (UNH) by 95.61% based on its latest 2017Q4 regulatory filing with the SEC. Patten & Patten Inc bought 9,828 shares as the company’s stock declined 0.93% with the market. The institutional investor held 20,107 shares of the medical specialities company at the end of 2017Q4, valued at $4.43 million, up from 10,279 at the end of the previous reported quarter. Patten & Patten Inc who had been investing in Unitedhealth Group for a number of months, seems to be bullish on the $227.46B market cap company. The stock decreased 0.30% or $0.7 during the last trading session, reaching $235.06. About 2.84 million shares traded. UnitedHealth Group Incorporated (NYSE:UNH) has risen 32.42% since April 21, 2017 and is uptrending. It has outperformed by 20.87% the S&P500.

Investors sentiment increased to 1.43 in 2017 Q4. Its up 0.51, from 0.92 in 2017Q3. It improved, as 10 investors sold NEP shares while 41 reduced holdings. 27 funds opened positions while 46 raised stakes. 43.99 million shares or 0.34% less from 44.14 million shares in 2017Q3 were reported. Driehaus Capital Management Ltd Llc has invested 0.05% of its portfolio in NextEra Energy Partners, LP (NYSE:NEP). Jefferies Group Incorporated Ltd holds 0.01% of its portfolio in NextEra Energy Partners, LP (NYSE:NEP) for 68,900 shares. Legal And General Grp Public Limited Company stated it has 403 shares or 0% of all its holdings. Envestnet Asset Management has 0% invested in NextEra Energy Partners, LP (NYSE:NEP). Johnson Investment Counsel stated it has 0.01% of its portfolio in NextEra Energy Partners, LP (NYSE:NEP). First Manhattan reported 0% in NextEra Energy Partners, LP (NYSE:NEP). Rare Infra Ltd has 297,989 shares for 1.02% of their portfolio. Bankshares Of America De stated it has 0% in NextEra Energy Partners, LP (NYSE:NEP). Miller Howard Investments Inc Ny holds 119,283 shares or 0.11% of its portfolio. Moreover, Loomis Sayles And Limited Partnership has 0% invested in NextEra Energy Partners, LP (NYSE:NEP). Us Bankshares De has invested 0% of its portfolio in NextEra Energy Partners, LP (NYSE:NEP). Wexford Cap Lp has 85,456 shares for 0.32% of their portfolio. Cypress Asset Mngmt Tx reported 0.06% in NextEra Energy Partners, LP (NYSE:NEP). 36,150 are owned by Adell Harriman And Carpenter Incorporated. Citigroup Inc owns 414 shares.

Among 21 analysts covering Nextera Energy Partners (NYSE:NEP), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Nextera Energy Partners had 41 analyst reports since July 27, 2015 according to SRatingsIntel. As per Tuesday, November 17, the company rating was initiated by Howard Weil. RBC Capital Markets maintained NextEra Energy Partners, LP (NYSE:NEP) rating on Friday, March 9. RBC Capital Markets has “Hold” rating and $40.0 target. The firm earned “Buy” rating on Tuesday, January 2 by Guggenheim. The rating was initiated by JP Morgan on Friday, September 11 with “Neutral”. As per Friday, July 28, the company rating was maintained by BMO Capital Markets. As per Tuesday, August 4, the company rating was maintained by Mizuho. The stock of NextEra Energy Partners, LP (NYSE:NEP) earned “Hold” rating by RBC Capital Markets on Sunday, November 5. Deutsche Bank upgraded it to “Buy” rating and $33 target in Monday, January 30 report. RBC Capital Markets maintained it with “Hold” rating and $39.0 target in Sunday, October 8 report. RBC Capital Markets maintained it with “Hold” rating and $39.0 target in Sunday, September 3 report.

Hightower Advisors Llc, which manages about $15.08 billion and $12.18B US Long portfolio, upped its stake in Golub Cap Bdc Inc (NASDAQ:GBDC) by 20,184 shares to 110,376 shares, valued at $2.01 million in 2017Q4, according to the filing. It also increased its holding in Select Sector Spdr Tr (XLK) by 20,485 shares in the quarter, for a total of 414,777 shares, and has risen its stake in Pimco Etf Tr (MINT).

Analysts await NextEra Energy Partners, LP (NYSE:NEP) to report earnings on April, 24 before the open. They expect $0.40 earnings per share, up 81.82% or $0.18 from last year’s $0.22 per share. NEP’s profit will be $21.70M for 24.88 P/E if the $0.40 EPS becomes a reality. After $0.19 actual earnings per share reported by NextEra Energy Partners, LP for the previous quarter, Wall Street now forecasts 110.53% EPS growth.

Since December 14, 2017, it had 0 buys, and 10 selling transactions for $29.08 million activity. HOOPER MICHELE J sold $2.38 million worth of stock or 10,000 shares. $5.08 million worth of stock was sold by RENFRO LARRY C on Thursday, March 15. 198 shares were sold by Shine Kenneth Irwin, worth $48,025. Nelson Steven H also sold $3.28 million worth of UnitedHealth Group Incorporated (NYSE:UNH) shares. Shares for $2.46 million were sold by BALLARD WILLIAM C JR. WILENSKY GAIL R also sold $1.40M worth of UnitedHealth Group Incorporated (NYSE:UNH) shares.

Investors sentiment increased to 0.96 in 2017 Q4. Its up 0.05, from 0.91 in 2017Q3. It improved, as 51 investors sold UNH shares while 538 reduced holdings. 138 funds opened positions while 426 raised stakes. 806.07 million shares or 0.60% less from 810.94 million shares in 2017Q3 were reported. Ifrah Fincl stated it has 5,681 shares. Riverpoint Cap Lc holds 124,831 shares or 1.67% of its portfolio. Amundi Pioneer Asset Mngmt holds 1.92 million shares. 2.35M were accumulated by Fred Alger. 23,000 are held by Olstein Limited Partnership. Vigilant Capital Mngmt Limited Liability Company stated it has 1.74% of its portfolio in UnitedHealth Group Incorporated (NYSE:UNH). 48,958 were accumulated by Deltec Asset Management Limited Co. Sigma Planning Corporation holds 17,262 shares or 0.29% of its portfolio. Dekabank Deutsche Girozentrale owns 489,647 shares. 1,185 were accumulated by Tnb Financial. Bell State Bank holds 2,204 shares or 0.14% of its portfolio. Intrust Bank & Trust Na reported 9,198 shares or 0.6% of all its holdings. Tekla Lc reported 2.6% in UnitedHealth Group Incorporated (NYSE:UNH). Schmidt P J Inv Mngmt has 26,726 shares for 1.67% of their portfolio. Moreover, Sageworth Com has 0% invested in UnitedHealth Group Incorporated (NYSE:UNH).

Among 27 analysts covering UnitedHealth Group (NYSE:UNH), 27 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. UnitedHealth Group had 88 analyst reports since September 2, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, November 30 report. Morgan Stanley maintained UnitedHealth Group Incorporated (NYSE:UNH) rating on Wednesday, April 18. Morgan Stanley has “Overweight” rating and $277 target. On Wednesday, July 19 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Buy” rating by Jefferies given on Tuesday, November 28. On Wednesday, August 16 the stock rating was maintained by Jefferies with “Buy”. Stifel Nicolaus maintained UnitedHealth Group Incorporated (NYSE:UNH) on Tuesday, June 27 with “Buy” rating. On Monday, December 25 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The stock of UnitedHealth Group Incorporated (NYSE:UNH) has “Outperform” rating given on Wednesday, July 20 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Buy” rating in Saturday, September 23 report. The firm has “Strong-Buy” rating by Vetr given on Wednesday, September 2.

Patten & Patten Inc, which manages about $1.33B and $999.57M US Long portfolio, decreased its stake in Macy’s Inc. (NYSE:M) by 24,470 shares to 16,400 shares, valued at $413,000 in 2017Q4, according to the filing. It also reduced its holding in Macom Technology Solutions (NASDAQ:MTSI) by 20,596 shares in the quarter, leaving it with 43,134 shares, and cut its stake in J C Penney Co Inc. (NYSE:JCP).

UnitedHealth Group Incorporated (NYSE:UNH) Institutional Positions Chart

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By1 Michael Collier

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