Fedex (FDX) Stock Price Declined While Quadrant Capital Management Has Increased Stake by $1.19 Million; Salient Capital Advisors Increases Position in Nextera Energy Partners LP (NEP)

May 18, 2018 - By Nellie Frank

FedEx Corporation (NYSE:FDX) Logo

Quadrant Capital Management Llc increased its stake in Fedex Corp (FDX) by 74.96% based on its latest 2017Q4 regulatory filing with the SEC. Quadrant Capital Management Llc bought 4,760 shares as the company’s stock declined 6.15% with the market. The institutional investor held 11,110 shares of the air freight and delivery services company at the end of 2017Q4, valued at $2.77M, up from 6,350 at the end of the previous reported quarter. Quadrant Capital Management Llc who had been investing in Fedex Corp for a number of months, seems to be bullish on the $66.30B market cap company. The stock decreased 0.14% or $0.34 during the last trading session, reaching $248.12. About 127,137 shares traded. FedEx Corporation (NYSE:FDX) has risen 25.45% since May 18, 2017 and is uptrending. It has outperformed by 13.90% the S&P500.




Salient Capital Advisors Llc increased its stake in Nextera Energy Partners Lp (NEP) by 2.63% based on its latest 2017Q4 regulatory filing with the SEC. Salient Capital Advisors Llc bought 23,056 shares as the company’s stock declined 1.28% with the market. The institutional investor held 900,290 shares of the public utilities company at the end of 2017Q4, valued at $38.81M, up from 877,234 at the end of the previous reported quarter. Salient Capital Advisors Llc who had been investing in Nextera Energy Partners Lp for a number of months, seems to be bullish on the $2.34 billion market cap company. The stock increased 0.63% or $0.27 during the last trading session, reaching $43.11. About 4,140 shares traded. NextEra Energy Partners, LP (NYSE:NEP) has risen 24.04% since May 18, 2017 and is uptrending. It has outperformed by 12.49% the S&P500.

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 rating was upgraded by Goldman Sachs on Monday, October 19 to “Buy”. The stock of NextEra Energy Partners, LP (NYSE:NEP) earned “Buy” rating by Mizuho on Tuesday, August 4. The stock of NextEra Energy Partners, LP (NYSE:NEP) has “Sector Perform” rating given on Tuesday, November 17 by Howard Weil. Deutsche Bank upgraded the stock to “Buy” rating in Monday, January 30 report. On Friday, March 24 the stock rating was downgraded by Macquarie Research to “Neutral”. BMO Capital Markets maintained the stock with “Outperform” rating in Friday, July 28 report. The firm earned “Hold” rating on Thursday, July 6 by RBC Capital Markets. The company was maintained on Monday, October 5 by BMO Capital Markets. The stock has “Neutral” rating by JP Morgan on Friday, September 11. The stock has “Buy” rating by UBS on Monday, October 17.

Investors sentiment increased to 1.43 in Q4 2017. Its up 0.51, from 0.92 in 2017Q3. It is positive, 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. Pennsylvania-based Alphaone Inv Svcs Lc has invested 0.01% in NextEra Energy Partners, LP (NYSE:NEP). First Trust Ltd Partnership has 64,093 shares for 0.01% of their portfolio. Kayne Anderson Capital Lp, California-based fund reported 479,994 shares. Savings Bank Of Montreal Can invested in 67,500 shares. 826,220 were accumulated by Eaton Vance Mngmt. Mai Mngmt accumulated 85,447 shares or 0.21% of the stock. Natixis invested in 67,316 shares. Ecofin reported 156,677 shares. A D Beadell Invest Counsel holds 155,798 shares or 5.51% of its portfolio. 1832 Asset Management LP stated it has 757,813 shares or 0.11% of all its holdings. Glenmede Tru Na reported 99,004 shares. Beach Invest Counsel Pa reported 5.44% of its portfolio in NextEra Energy Partners, LP (NYSE:NEP). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 4,238 shares. New York-based Jennison Lc has invested 0.11% in NextEra Energy Partners, LP (NYSE:NEP). Lehman Resources reported 11.16% of its portfolio in NextEra Energy Partners, LP (NYSE:NEP).

Salient Capital Advisors Llc, which manages about $5.02B and $4.53B US Long portfolio, decreased its stake in Enbridge Energy Management L (NYSE:EEQ) by 326,867 shares to 5.44 million shares, valued at $72.86 million in 2017Q4, according to the filing. It also reduced its holding in Oneok Inc New (NYSE:OKE) by 145,429 shares in the quarter, leaving it with 5.24M shares, and cut its stake in Bp Plc (NYSE:BP).

Investors sentiment increased to 1.21 in Q4 2017. Its up 0.14, from 1.07 in 2017Q3. It is positive, as 45 investors sold FDX shares while 366 reduced holdings. 137 funds opened positions while 361 raised stakes. 193.75 million shares or 3.04% less from 199.84 million shares in 2017Q3 were reported. Great West Life Assurance Can holds 188,745 shares. Lodestar Investment Counsel Limited Liability Corp Il has 6,772 shares. First LP holds 205,638 shares. Brown Advisory holds 0.02% or 23,520 shares. Moreover, National Insur Tx has 0.37% invested in FedEx Corporation (NYSE:FDX). Colony Grp Ltd has 0.03% invested in FedEx Corporation (NYSE:FDX). Veritable Ltd Partnership accumulated 0.06% or 12,443 shares. Estabrook Cap Mngmt stated it has 5,016 shares. Ghp Invest Advsr holds 0.52% or 14,638 shares. Deutsche National Bank Ag holds 487,941 shares or 0.08% of its portfolio. Mercer Advisers Inc holds 1,400 shares or 0.25% of its portfolio. Capstone Finance Advisors holds 1,076 shares or 0.1% of its portfolio. Twin Tree Management Limited Partnership stated it has 52,885 shares. Advisors Ok has invested 0.02% in FedEx Corporation (NYSE:FDX). Mount Vernon Assoc Inc Md holds 0.36% or 950 shares.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Seekingalpha.com which released: “Investors size up UPS and FedEx” on April 27, 2018, also Seekingalpha.com with their article: “FedEx tests blockchain technology” published on May 14, 2018, Benzinga.com published: “New Oanda CTO Should Drive Major FinTech Expansion” on April 26, 2018. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Streetinsider.com and their article: “FedEx (FDX) to Purchase $6 Billion Group Annuity Contract from Metropolitan Life Insurance Company to Reduce …” published on May 08, 2018 as well as Streetinsider.com‘s news article titled: “UPDATE: FedEx (FDX) PT Raised to $282 at Oppenheimer” with publication date: May 16, 2018.

Among 37 analysts covering FedEx (NYSE:FDX), 26 have Buy rating, 1 Sell and 10 Hold. Therefore 70% are positive. FedEx had 117 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse on Tuesday, March 15 with “Outperform”. Stifel Nicolaus maintained FedEx Corporation (NYSE:FDX) on Thursday, January 18 with “Hold” rating. Citigroup maintained FedEx Corporation (NYSE:FDX) on Thursday, May 19 with “Buy” rating. The firm has “Outperform” rating by Wells Fargo given on Thursday, September 21. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Thursday, March 17 by Stifel Nicolaus. Susquehanna upgraded FedEx Corporation (NYSE:FDX) on Thursday, March 30 to “Positive” rating. The stock has “Buy” rating by Robert W. Baird on Wednesday, December 20. The rating was maintained by UBS on Wednesday, June 21 with “Buy”. Morgan Stanley initiated it with “Equal-Weight” rating and $132 target in Tuesday, February 23 report. Cowen & Co maintained it with “Buy” rating and $240.0 target in Friday, October 13 report.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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