Brookfield Asset Management Has Raised Its Western Gas Equity Partners (WGP) Holding; As Nextera Energy Partners LP (NEP) Valuation Rose, Texas Yale Capital Boosted Its Holding

June 8, 2018 - By Darrin Black

Western Gas Equity Partners, LP (NYSE:WGP) Logo

Brookfield Asset Management Inc increased its stake in Western Gas Equity Partners (WGP) by 1056.95% based on its latest 2018Q1 regulatory filing with the SEC. Brookfield Asset Management Inc bought 652,445 shares as the company’s stock declined 3.22% with the market. The hedge fund held 714,174 shares of the public utilities company at the end of 2018Q1, valued at $23.65 million, up from 61,729 at the end of the previous reported quarter. Brookfield Asset Management Inc who had been investing in Western Gas Equity Partners for a number of months, seems to be bullish on the $8.13B market cap company. The stock decreased 0.42% or $0.15 during the last trading session, reaching $37.12. About 17,313 shares traded. Western Gas Equity Partners, LP (NYSE:WGP) has declined 18.76% since June 8, 2017 and is downtrending. It has underperformed by 31.33% the S&P500.




Texas Yale Capital Corp increased its stake in Nextera Energy Partners Lp (NEP) by 19.21% based on its latest 2018Q1 regulatory filing with the SEC. Texas Yale Capital Corp bought 10,960 shares as the company’s stock rose 11.43% while stock markets declined. The institutional investor held 68,005 shares of the public utilities company at the end of 2018Q1, valued at $2.72 million, up from 57,045 at the end of the previous reported quarter. Texas Yale Capital Corp who had been investing in Nextera Energy Partners Lp for a number of months, seems to be bullish on the $2.35 billion market cap company. The stock decreased 0.10% or $0.045 during the last trading session, reaching $43.335. About 15,242 shares traded. NextEra Energy Partners, LP (NYSE:NEP) has risen 27.27% since June 8, 2017 and is uptrending. It has outperformed by 14.70% the S&P500. Some Historical NEP News: 02/04/2018 – NEXTERA ENERGY PARTNERS – CONTINUES TO EXPECT A DEC. 31, 2018, RUN RATE FOR ADJUSTED EBITDA OF $1.00 BLN TO $1.15 BLN; 24/04/2018 – NextEra Energy Partners, LP first-quarter 2018 financial results available on partnership’s website; 02/04/2018 – NEXTERA ENERGY – EXPECT TO ACCRETIVELY REDEPLOY DEAL PROCEEDS TO BUY HIGHER-YIELDING U.S. ASSETS FROM EITHER THIRD PARTIES OR NEXTERA ENERGY RE; 24/04/2018 – NextEra Energy: GAAP Results Reflect Gains From Deconsolidation of NextEra Energy Partners, LP from NextEra Energy’s Financial Statements; 24/04/2018 – NEXTERA ENERGY PARTNERS – NOW EXPECTS 12-15 PCT/YR GROWTH IN LIMITED PARTNER DISTRIBUTIONS AS “REASONABLE RANGE OF EXPECTATIONS” THROUGH AT LEAST 2023; 24/04/2018 – NEXTERA SEEING FALLING TAX-EQUITY PRICING DESPITE TAX REFORM; 24/04/2018 – NextEra Energy Partners 1Q EPS $1.21; 09/03/2018 NEXTERA ENERGY PARTNERS LP NEP.N : RBC RAISES TARGET PRICE TO $40 FROM $39; 02/04/2018 – NextEra Sells Renewable Plants to Canada Pension Plan (Correct); 02/04/2018 – NextEra Selling Six Wind, Solar Projects to Canada Pension Plan

Investors sentiment increased to 1.78 in 2018 Q1. Its up 1.07, from 0.71 in 2017Q4. It increased, as 9 investors sold WGP shares while 23 reduced holdings. 17 funds opened positions while 40 raised stakes. 38.79 million shares or 2.81% more from 37.73 million shares in 2017Q4 were reported. Cbre Clarion Limited Liability Com owns 0.01% invested in Western Gas Equity Partners, LP (NYSE:WGP) for 33,600 shares. Natixis accumulated 58,000 shares. Hsbc Hldgs Pcl holds 0% or 24,493 shares in its portfolio. Oppenheimer Asset Incorporated reported 0.01% stake. Raymond James Assoc holds 0% in Western Gas Equity Partners, LP (NYSE:WGP) or 7,435 shares. Zimmer Prtnrs LP accumulated 831,221 shares. Freestone Cap Hldg Ltd Co has 40,013 shares for 0.08% of their portfolio. Clinton Gru Inc has 0.14% invested in Western Gas Equity Partners, LP (NYSE:WGP). Barclays Public Ltd holds 0% or 194,859 shares. 225 are owned by Regions. State Of New Jersey Common Pension Fund D invested in 69,900 shares. First Republic Inv Inc holds 6,718 shares. Fmr Ltd Liability Company, a Massachusetts-based fund reported 36,200 shares. Carroll Financial Inc reported 199 shares or 0% of all its holdings. Highland Capital Management Lp has invested 0.61% of its portfolio in Western Gas Equity Partners, LP (NYSE:WGP).

More news for Western Gas Equity Partners, LP (NYSE:WGP) were recently published by: Globenewswire.com, which released: “New Research Coverage Highlights Wintrust Financial, InfraREIT, Innophos, Western Gas Equity Partners, LP, Getty …” on May 21, 2018. Prnewswire.com‘s article titled: “Anadarko And Western Gas Announce Settlement Of Tangible Equity Units” and published on June 07, 2018 is yet another important article.

Among 20 analysts covering Western Gas Equity Partners (NYSE:WGP), 10 have Buy rating, 0 Sell and 10 Hold. Therefore 50% are positive. Western Gas Equity Partners had 42 analyst reports since August 3, 2015 according to SRatingsIntel. On Monday, January 29 the stock rating was maintained by Scotia Capital with “Buy”. RBC Capital Markets maintained the shares of WGP in report on Tuesday, October 11 with “Outperform” rating. On Tuesday, October 13 the stock rating was upgraded by Credit Suisse to “Outperform”. Citigroup maintained it with “Neutral” rating and $36 target in Thursday, April 7 report. The stock of Western Gas Equity Partners, LP (NYSE:WGP) has “Buy” rating given on Tuesday, March 27 by Citigroup. As per Sunday, August 20, the company rating was maintained by RBC Capital Markets. As per Sunday, October 29, the company rating was maintained by RBC Capital Markets. Bank of America upgraded the stock to “Neutral” rating in Monday, February 27 report. As per Friday, June 17, the company rating was initiated by MUFG. The firm has “Outperform” rating by Macquarie Research given on Friday, April 21.

Brookfield Asset Management Inc, which manages about $13.20 billion and $23.82 billion US Long portfolio, decreased its stake in Entergy Corp New (NYSE:ETR) by 142,211 shares to 986,732 shares, valued at $77.74M in 2018Q1, according to the filing. It also reduced its holding in Usa Compression Partners Lp (NYSE:USAC) by 190,122 shares in the quarter, leaving it with 1.57M shares, and cut its stake in Cms Energy Corp (NYSE:CMS).

Investors sentiment decreased to 0.91 in 2018 Q1. Its down 0.52, from 1.43 in 2017Q4. It turned negative, as 10 investors sold NEP shares while 54 reduced holdings. 20 funds opened positions while 38 raised stakes. 44.20 million shares or 0.49% more from 43.99 million shares in 2017Q4 were reported. First Trust Advsrs Lp owns 0.01% invested in NextEra Energy Partners, LP (NYSE:NEP) for 57,599 shares. Roosevelt Gru Inc has 26,275 shares for 0.1% of their portfolio. X Mgmt Limited Liability Corporation has invested 0.03% in NextEra Energy Partners, LP (NYSE:NEP). Neumeier Poma Investment Counsel Limited Liability Corporation holds 483,275 shares. Cushing Asset LP owns 858,081 shares. A D Beadell Inv Counsel Incorporated holds 155,474 shares or 5.36% of its portfolio. Johnson Investment Counsel Inc reported 11,000 shares. Tortoise Advsr Limited Liability has invested 0% in NextEra Energy Partners, LP (NYSE:NEP). Millennium Management Lc reported 323,364 shares. Royal Commercial Bank Of Canada has 0% invested in NextEra Energy Partners, LP (NYSE:NEP). Jennison Ltd accumulated 2.32 million shares. Cbre Clarion Secs Ltd Liability Com reported 27,030 shares. Illinois-based Anchor Bolt Cap Lp has invested 0.32% in NextEra Energy Partners, LP (NYSE:NEP). Swiss National Bank & Trust, Switzerland-based fund reported 94,400 shares. Stifel Financial reported 43,344 shares or 0.01% of all its holdings.

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 42 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of NextEra Energy Partners, LP (NYSE:NEP) earned “Buy” rating by Morgan Stanley on Tuesday, December 12. On Monday, October 19 the stock rating was upgraded by Goldman Sachs to “Buy”. On Monday, October 17 the stock rating was upgraded by UBS to “Buy”. The firm has “Buy” rating by Oppenheimer given on Thursday, June 22. RBC Capital Markets maintained NextEra Energy Partners, LP (NYSE:NEP) rating on Thursday, February 1. RBC Capital Markets has “Hold” rating and $39.0 target. JP Morgan maintained NextEra Energy Partners, LP (NYSE:NEP) rating on Tuesday, April 10. JP Morgan has “Neutral” rating and $38 target. RBC Capital Markets maintained the stock with “Hold” rating in Sunday, October 8 report. The firm earned “Hold” rating on Tuesday, September 1 by Deutsche Bank. As per Thursday, August 31, the company rating was maintained by Barclays Capital. The firm earned “Outperform” rating on Friday, November 18 by Credit Suisse.

Texas Yale Capital Corp, which manages about $1.61B and $1.16 billion US Long portfolio, decreased its stake in Exxon Mobil Corp (NYSE:XOM) by 4,770 shares to 55,827 shares, valued at $4.17M in 2018Q1, according to the filing. It also reduced its holding in Schwab Strategic Tr (SCHD) by 7,240 shares in the quarter, leaving it with 23,309 shares, and cut its stake in Ishares Tr (TIP).

Another recent and important NextEra Energy Partners, LP (NYSE:NEP) news was published by Fool.com which published an article titled: “3 Top Dividend Stocks to Buy in May” on May 24, 2018.

Western Gas Equity Partners, LP (NYSE:WGP) Institutional Positions Chart

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