Nextera Energy (NEE) Holder Kayne Anderson Capital Advisors LP Has Trimmed Holding as Market Valuation Rose; As Ring Energy (REI) Stock Price Declined, Holder Encompass Capital Advisors Lifted Holding

April 24, 2018 - By Stephen Andrade

Ring Energy, Inc. (NYSEAMERICAN:REI) Logo

Todd J. Kantor increased its stake in Ring Energy Inc (REI) by 1.53% based on its latest 2017Q4 regulatory filing with the SEC. Encompass Capital Advisors Llc bought 40,592 shares as the company’s stock declined 3.07% with the market. The hedge fund run by Todd J. Kantor held 2.69M shares of the energy company at the end of 2017Q4, valued at $37.42M, up from 2.65M at the end of the previous reported quarter. Encompass Capital Advisors Llc who had been investing in Ring Energy Inc for a number of months, seems to be bullish on the $965.00M market cap company. The stock decreased 6.00% or $1.02 during the last trading session, reaching $15.98. About 532,774 shares traded. Ring Energy, Inc. (NYSEMKT:REI) has risen 45.39% since April 24, 2017 and is uptrending. It has outperformed by 33.84% the S&P500.

Kayne Anderson Capital Advisors Lp decreased its stake in Nextera Energy Inc (NEE) by 87.8% based on its latest 2017Q4 regulatory filing with the SEC. Kayne Anderson Capital Advisors Lp sold 23,750 shares as the company’s stock rose 5.21% while stock markets declined. The hedge fund held 3,300 shares of the public utilities company at the end of 2017Q4, valued at $515,000, down from 27,050 at the end of the previous reported quarter. Kayne Anderson Capital Advisors Lp who had been investing in Nextera Energy Inc for a number of months, seems to be less bullish one the $76.13B market cap company. The stock increased 0.22% or $0.36 during the last trading session, reaching $161.49. About 2.01M shares traded. NextEra Energy, Inc. (NYSE:NEE) has risen 24.02% since April 24, 2017 and is uptrending. It has outperformed by 12.47% the S&P500.

Encompass Capital Advisors Llc, which manages about $1.18 billion and $704.21M US Long portfolio, decreased its stake in Range Res Corp (NYSE:RRC) by 24,886 shares to 975,114 shares, valued at $16.64M in 2017Q4, according to the filing. It also reduced its holding in Golar Lng Ltd Bermuda (NASDAQ:GLNG) by 498,389 shares in the quarter, leaving it with 650,000 shares, and cut its stake in Wpx Energy Inc (NYSE:WPX).

Among 8 analysts covering Ring Energy Inc (NYSEMKT:REI), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Ring Energy Inc had 10 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, August 29, the company rating was initiated by Rodman & Renshaw. The stock of Ring Energy, Inc. (NYSEAMERICAN:REI) earned “Buy” rating by Wunderlich on Thursday, May 12. Northland Capital maintained it with “Outperform” rating and $12 target in Tuesday, July 28 report. Canaccord Genuity initiated the shares of REI in report on Tuesday, October 20 with “Buy” rating. The firm has “Buy” rating by Wunderlich given on Wednesday, November 11. The stock of Ring Energy, Inc. (NYSEAMERICAN:REI) earned “Buy” rating by KLR Group on Thursday, December 21. The firm earned “Mkt Perform” rating on Wednesday, January 6 by FBR Capital.

Kayne Anderson Capital Advisors Lp, which manages about $18.02B and $7.86 billion US Long portfolio, upped its stake in Boardwalk Pipeline Partners (NYSE:BWP) by 76,700 shares to 1.95M shares, valued at $25.10 million in 2017Q4, according to the filing. It also increased its holding in Crestwood Equity Partners Lp by 192,000 shares in the quarter, for a total of 2.00 million shares, and has risen its stake in Oasis Midstream Partners Lp.

Among 16 analysts covering Nextera Energy Inc. (NYSE:NEE), 15 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. Nextera Energy Inc. had 43 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Buy” rating by BMO Capital Markets on Monday, April 3. The company was maintained on Monday, July 31 by RBC Capital Markets. The firm has “Buy” rating given on Sunday, October 8 by RBC Capital Markets. The firm has “Buy” rating by BMO Capital Markets given on Friday, June 2. The rating was maintained by Morgan Stanley with “Overweight” on Monday, April 16. The rating was maintained by KeyBanc Capital Markets on Wednesday, April 18 with “Overweight”. The rating was maintained by Morgan Stanley on Wednesday, December 13 with “Overweight”. The company was upgraded on Monday, October 16 by Goldman Sachs. The rating was maintained by Argus Research with “Buy” on Friday, August 7. The firm has “Hold” rating by Zacks given on Monday, August 31.

Investors sentiment increased to 1.04 in 2017 Q4. Its up 0.09, from 0.95 in 2017Q3. It is positive, as 36 investors sold NEE shares while 405 reduced holdings. 112 funds opened positions while 347 raised stakes. 340.36 million shares or 1.17% less from 344.40 million shares in 2017Q3 were reported. Arizona State Retirement Sys has 189,318 shares. Ci Invs Inc stated it has 882,201 shares or 1.32% of all its holdings. Naples Advisors Limited Com invested in 5,045 shares. M&R Cap Mngmt Inc has invested 0.25% in NextEra Energy, Inc. (NYSE:NEE). State Of Alaska Department Of Revenue holds 0.28% or 73,789 shares. Umb Bank & Trust N A Mo invested in 0.97% or 190,298 shares. Mercer Capital Advisers accumulated 2,950 shares or 0.33% of the stock. Perigon Wealth Management Ltd Liability invested in 2,003 shares. Hudock Grp Ltd Liability accumulated 544 shares. Altavista Wealth Management reported 5,937 shares. Zwj Counsel holds 0.02% or 1,467 shares. 209,071 are held by Commerzbank Aktiengesellschaft Fi. Mirae Asset Investments Ltd stated it has 0.04% in NextEra Energy, Inc. (NYSE:NEE). Murphy Capital Mngmt, a New Jersey-based fund reported 6,650 shares. Great West Life Assurance Company Can accumulated 522,660 shares.

NextEra Energy, Inc. (NYSE:NEE) Institutional Positions Chart

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