Blue Chip Partners Holding in Nextera Energy (NEE) Has Trimmed by $527,794 as Share Price Rose; Oldfield Partners Llp Stake in General Motors Co (GM) Has Lowered as Market Value Declined

June 20, 2018 - By Darrin Black

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Blue Chip Partners Inc decreased its stake in Nextera Energy Inc (NEE) by 17.02% based on its latest 2018Q1 regulatory filing with the SEC. Blue Chip Partners Inc sold 3,238 shares as the company’s stock rose 5.02% while stock markets declined. The hedge fund held 15,789 shares of the public utilities company at the end of 2018Q1, valued at $2.58M, down from 19,027 at the end of the previous reported quarter. Blue Chip Partners Inc who had been investing in Nextera Energy Inc for a number of months, seems to be less bullish one the $76.84B market cap company. The stock increased 1.61% or $2.59 during the last trading session, reaching $163. About 2.48M shares traded or 28.10% up from the average. NextEra Energy, Inc. (NYSE:NEE) has risen 15.44% since June 20, 2017 and is uptrending. It has outperformed by 2.87% the S&P500. Some Historical NEE News: 21/05/2018 – SOUTHERN CO – TO ALSO SELL ENTITIES HOLDING SOUTHERN POWER’S INTERESTS IN PLANT OLEANDER AND PLANT STANTON TO NEXTERA ENERGY; 10/04/2018 – NEXTERA ENERGY INC NEE.N : JP MORGAN RAISES TARGET PRICE TO $170 FROM $167; 17/04/2018 – Exclusive – Former EDFT originator joins NextEra; 22/05/2018 – NextEra Energy’s (NEE) NextEra Energy to Acquire Gulf Power, Florida City Gas and Two Natural Gas Facilities from Southern Company (Transcript); 21/05/2018 – NEE TO BUY GULF POWER, FLORIDA CITY GAS, OTHER ASSETS FROM SO; 02/04/2018 – Tax Reform Prompts NextEra to Find Buyer for Canadian Assets; 24/04/2018 – NEXTERA ENERGY SEES FY ADJ EPS $7.45 TO $7.95; 24/04/2018 – NEXTERA ENERGY INC – PRELIMINARY QTRLY OPERATING REVENUES OF $3,863 MLN; 26/04/2018 – NEXTERA ENERGY INC NEE.N : JP MORGAN RAISES TARGET PRICE TO $171 FROM $170; 21/05/2018 – NextEra Energy to Finance $5.1B Purchase Price Through Issuance of New Debt




Oldfield Partners Llp decreased its stake in General Motors Co (GM) by 9.3% based on its latest 2018Q1 regulatory filing with the SEC. Oldfield Partners Llp sold 315,600 shares as the company’s stock declined 7.80% with the market. The institutional investor held 3.08M shares of the auto manufacturing company at the end of 2018Q1, valued at $111.91 million, down from 3.40M at the end of the previous reported quarter. Oldfield Partners Llp who had been investing in General Motors Co for a number of months, seems to be less bullish one the $59.56B market cap company. The stock decreased 3.85% or $1.69 during the last trading session, reaching $42.26. About 18.27M shares traded or 55.58% up from the average. General Motors Company (NYSE:GM) has risen 17.48% since June 20, 2017 and is uptrending. It has outperformed by 4.91% the S&P500. Some Historical GM News: 27/04/2018 – U.S. likely to back freezing fuel economy standards from 2020-26; 24/04/2018 – GM Recognizes AK Steel for Performance, Quality, and Innovation; 19/04/2018 – Pickup Truck Market in the US 2018-2022 – Key Vendors are Fiat Chrysler, Ford, General Motors, Honda, Nissan & Toyota – ResearchAndMarkets.com; 14/03/2018 – S.KOREA’S KDB SAYS WILLING TO PROVIDE SHORT-TERM LOAN TO GM KOREA ON CONDITION OF GM’S FULL COOPERATION ON DUE DILIGENCE; 20/04/2018 – GENERAL MOTORS: GM KOREA’S LABOR UNION REQUESTED AN EXTENSION; 10/03/2018 – NYT: Trump may tap ex-Microsoft, GM executive Liddell to succeed Cohn; 31/05/2018 – GM: $1.35B OF INVESTMENT IS SUBJECT TO GM CRUISE DEPLOYING AVS; 26/04/2018 – Fiat Chrysler overtakes General Motors in profits; 26/04/2018 – Ford is basically giving up on US car business, and GM is not far behind; 20/04/2018 – GM SAYS SOUTH KOREAN GOVT OFFICIALS WILL PARTICIPATE IN TALKS OVER THE WEEKEND TO HELP BROKER A LABOR AGREEMENT BETWEEN THE AUTOMAKER AND THE UNION

Since February 6, 2018, it had 0 buys, and 11 insider sales for $29.29 million activity. Another trade for 81,489 shares valued at $12.78 million was made by ROBO JAMES L on Thursday, May 17. Nazar Manoochehr K had sold 13,890 shares worth $2.16 million. The insider YEAGER WILLIAM L sold $809,690. Sieving Charles E sold $439,881 worth of stock or 2,844 shares. $803,691 worth of NextEra Energy, Inc. (NYSE:NEE) shares were sold by Arechabala Miguel. Pimentel Armando Jr had sold 8,336 shares worth $1.31 million on Thursday, June 14.

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. has $182.0 highest and $111 lowest target. $152.41’s average target is -6.50% below currents $163 stock price. Nextera Energy Inc. had 45 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Buy” rating and $150.0 target in Sunday, October 8 report. The stock of NextEra Energy, Inc. (NYSE:NEE) earned “Overweight” rating by Morgan Stanley on Thursday, March 8. On Tuesday, April 10 the stock rating was maintained by JP Morgan with “Overweight”. The stock of NextEra Energy, Inc. (NYSE:NEE) has “Overweight” rating given on Wednesday, April 18 by KeyBanc Capital Markets. The firm has “Buy” rating given on Tuesday, August 11 by M Partners. The rating was maintained by Morgan Stanley on Wednesday, December 13 with “Overweight”. The firm earned “Buy” rating on Monday, July 31 by RBC Capital Markets. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, June 13 report. The stock has “Overweight” rating by Barclays Capital on Friday, March 18. The stock of NextEra Energy, Inc. (NYSE:NEE) earned “Buy” rating by BMO Capital Markets on Thursday, June 22.

Blue Chip Partners Inc, which manages about $214.43 million and $361.28M US Long portfolio, upped its stake in Vanguard Scottsdale Fds (VCIT) by 32,280 shares to 388,494 shares, valued at $32.96M in 2018Q1, according to the filing. It also increased its holding in Ishares Tr (HEFA) by 40,321 shares in the quarter, for a total of 291,282 shares, and has risen its stake in Ishares Inc (IEMG).

Analysts await NextEra Energy, Inc. (NYSE:NEE) to report earnings on July, 25. They expect $1.96 EPS, up 5.38% or $0.10 from last year’s $1.86 per share. NEE’s profit will be $924.01 million for 20.79 P/E if the $1.96 EPS becomes a reality. After $1.94 actual EPS reported by NextEra Energy, Inc. for the previous quarter, Wall Street now forecasts 1.03% EPS growth.

Investors sentiment decreased to 0.85 in Q1 2018. Its down 0.19, from 1.04 in 2017Q4. It fall, as 43 investors sold NEE shares while 462 reduced holdings. 98 funds opened positions while 331 raised stakes. 342.36 million shares or 0.59% more from 340.36 million shares in 2017Q4 were reported. Stanley holds 0.26% of its portfolio in NextEra Energy, Inc. (NYSE:NEE) for 7,105 shares. Louisiana State Employees Retirement Systems reported 0.21% in NextEra Energy, Inc. (NYSE:NEE). Commercial Bank Of America De holds 0.25% of its portfolio in NextEra Energy, Inc. (NYSE:NEE) for 9.11 million shares. Signaturefd Ltd Liability Corp holds 4,629 shares. Sequoia Advsr Lc has invested 0.06% of its portfolio in NextEra Energy, Inc. (NYSE:NEE). Transamerica Financial stated it has 4,635 shares. Koshinski Asset Management Inc holds 0.06% or 1,263 shares in its portfolio. Sva Plumb Wealth Ltd Co invested in 0.04% or 1,940 shares. Garde Inc has invested 0.18% of its portfolio in NextEra Energy, Inc. (NYSE:NEE). Kayne Anderson Advsr Ltd Partnership stated it has 0.01% of its portfolio in NextEra Energy, Inc. (NYSE:NEE). Tci Wealth accumulated 37 shares. 3,511 were accumulated by Carderock Cap Mgmt Inc. Bokf Na holds 43,161 shares. Field Main Retail Bank reported 4,150 shares. Amer Int Group Incorporated invested in 148,520 shares.

More notable recent NextEra Energy, Inc. (NYSE:NEE) news were published by: Seekingalpha.com which released: “Florida Purchase Improves The Value Of NextEra” on May 30, 2018, also Seekingalpha.com with their article: “NextEra Energy: 5th Time Is The Charm” published on May 24, 2018, Seekingalpha.com published: “FERC clears work on Mountain Valley natural gas pipeline” on June 18, 2018. More interesting news about NextEra Energy, Inc. (NYSE:NEE) were released by: Seekingalpha.com and their article: “Utilities sector upgraded at Morgan Stanley as riskier stock market looms” published on June 18, 2018 as well as Fool.com‘s news article titled: “Better Renewable Stock to Buy: NextEra Energy vs. Xcel Energy” with publication date: June 05, 2018.

More notable recent General Motors Company (NYSE:GM) news were published by: Seekingalpha.com which released: “GM +10% as dreamy AV talk turns commercial” on May 31, 2018, also Fool.com with their article: “These Cars Will Challenge Tesla in the Next 2 Years” published on June 20, 2018, Fool.com published: “Why Would General Motors Consider Listing Shares of Its Self-Driving Unit?” on June 19, 2018. More interesting news about General Motors Company (NYSE:GM) were released by: Bizjournals.com and their article: “The Funded: Two biotech IPOs and a potential self-driving spinoff” published on June 18, 2018 as well as Seekingalpha.com‘s news article titled: “GM plans even bigger EV push in China” with publication date: June 05, 2018.

Oldfield Partners Llp, which manages about $6.57B and $1.15 billion US Long portfolio, upped its stake in Oceaneering International Inc (NYSE:OII) by 35,000 shares to 55,420 shares, valued at $1.03M in 2018Q1, according to the filing. It also increased its holding in Infosys Ltd (NYSE:INFY) by 234,500 shares in the quarter, for a total of 3.63M shares, and has risen its stake in Sk Telecom Co Ltd (NYSE:SKM).

Analysts await General Motors Company (NYSE:GM) to report earnings on July, 24. They expect $1.87 EPS, down 1.06% or $0.02 from last year’s $1.89 per share. GM’s profit will be $2.64 billion for 5.65 P/E if the $1.87 EPS becomes a reality. After $1.43 actual EPS reported by General Motors Company for the previous quarter, Wall Street now forecasts 30.77% EPS growth.

Among 30 analysts covering General Motors Company (NYSE:GM), 19 have Buy rating, 3 Sell and 8 Hold. Therefore 63% are positive. General Motors Company has $70.0 highest and $26 lowest target. $46.13’s average target is 9.16% above currents $42.26 stock price. General Motors Company had 99 analyst reports since July 24, 2015 according to SRatingsIntel. On Monday, August 28 the stock rating was maintained by Jefferies with “Hold”. The company was maintained on Wednesday, October 25 by BMO Capital Markets. The firm has “Hold” rating given on Tuesday, August 9 by Jefferies. The company was maintained on Wednesday, October 14 by Deutsche Bank. RBC Capital Markets maintained the shares of GM in report on Tuesday, July 25 with “Hold” rating. The rating was upgraded by Guggenheim to “Buy” on Monday, November 20. The company was maintained on Thursday, September 21 by Morgan Stanley. The firm has “Sector Perform” rating given on Friday, July 22 by RBC Capital Markets. On Tuesday, July 11 the stock rating was maintained by Piper Jaffray with “Buy”. The firm has “Buy” rating by Citigroup given on Monday, May 16.

Investors sentiment increased to 1.01 in Q1 2018. Its up 0.11, from 0.9 in 2017Q4. It is positive, as 77 investors sold GM shares while 292 reduced holdings. 90 funds opened positions while 284 raised stakes. 995.41 million shares or 0.40% less from 999.45 million shares in 2017Q4 were reported. Pekin Singer Strauss Asset Management Il holds 0.05% in General Motors Company (NYSE:GM) or 7,868 shares. Annex Advisory Service Limited Liability Com stated it has 33,104 shares or 0.22% of all its holdings. Neuberger Berman Ltd Llc holds 0.03% or 621,283 shares in its portfolio. Louisiana State Employees Retirement Sys has invested 0.13% in General Motors Company (NYSE:GM). Cambridge Invest Incorporated accumulated 152,027 shares. Prentiss Smith & Comm holds 0.03% in General Motors Company (NYSE:GM) or 1,700 shares. Pennsylvania-based Vanguard has invested 0.14% in General Motors Company (NYSE:GM). Rathbone Brothers Public Limited Co owns 6,400 shares. Lingohr & Partner Asset Mngmt Gmbh invested in 0.94% or 41,531 shares. Pinnacle reported 3,886 shares. Invesco holds 0.37% or 27.34M shares. National Registered Investment Advisor Inc stated it has 17,840 shares or 0.32% of all its holdings. 16,520 were reported by Camelot Portfolios Lc. Quantitative Systematic Strategies Ltd Company reported 0.44% of its portfolio in General Motors Company (NYSE:GM). Hodges Cap Management Inc holds 0.08% or 27,849 shares.

General Motors Company (NYSE:GM) Institutional Positions Chart

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