As Marriott Intl New (MAR) Stock Rose, Holder Capital Growth Management LP Has Lowered Its Stake; Jennison Associates Boosted Nextera Energy Partners LP (NEP) Position by $2.59 Million as Share Price Rose

January 19, 2018 - By Marie Mckinney

Jennison Associates Llc increased its stake in Nextera Energy Partners Lp (NEP) by 2.67% based on its latest 2017Q3 regulatory filing with the SEC. Jennison Associates Llc bought 64,760 shares as the company’s stock rose 9.13% with the market. The institutional investor held 2.49 million shares of the public utilities company at the end of 2017Q3, valued at $100.46 million, up from 2.43 million at the end of the previous reported quarter. Jennison Associates Llc who had been investing in Nextera Energy Partners Lp for a number of months, seems to be bullish on the $2.18 billion market cap company. The stock increased 0.40% or $0.16 during the last trading session, reaching $40.14. About 526,493 shares traded or 95.97% up from the average. NextEra Energy Partners, LP (NYSE:NEP) has risen 18.85% since January 19, 2017 and is uptrending. It has outperformed by 2.15% the S&P500.

Ken Heebner decreased its stake in Marriott Intl Inc New (MAR) by 25.93% based on its latest 2017Q3 regulatory filing with the SEC. Capital Growth Management Lp sold 35,000 shares as the company’s stock rose 15.06% with the market. The hedge fund run by Ken Heebner held 100,000 shares of the hotels and resorts company at the end of 2017Q3, valued at $11.03 million, down from 135,000 at the end of the previous reported quarter. Capital Growth Management Lp who had been investing in Marriott Intl Inc New for a number of months, seems to be less bullish one the $51.45B market cap company. The stock decreased 0.61% or $0.87 during the last trading session, reaching $141.13. About 1.69 million shares traded. Marriott International, Inc. (NASDAQ:MAR) has risen 58.26% since January 19, 2017 and is uptrending. It has outperformed by 41.56% the S&P500.

Analysts await Marriott International, Inc. (NASDAQ:MAR) to report earnings on February, 21. They expect $0.99 EPS, up 16.47% or $0.14 from last year’s $0.85 per share. MAR’s profit will be $360.93M for 35.64 P/E if the $0.99 EPS becomes a reality. After $1.10 actual EPS reported by Marriott International, Inc. for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth.

Among 20 analysts covering Marriott International (NASDAQ:MAR), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. Marriott International had 56 analyst reports since August 5, 2015 according to SRatingsIntel. Morgan Stanley maintained Marriott International, Inc. (NASDAQ:MAR) rating on Thursday, November 9. Morgan Stanley has “Overweight” rating and $112 target. The rating was maintained by SunTrust on Tuesday, October 17 with “Hold”. The company was downgraded on Thursday, January 14 by M Partners. RBC Capital Markets maintained the stock with “Buy” rating in Monday, June 12 report. The firm has “Market Perform” rating given on Wednesday, April 20 by Raymond James. As per Friday, November 10, the company rating was maintained by Robert W. Baird. The stock of Marriott International, Inc. (NASDAQ:MAR) earned “Outperform” rating by Wolfe Research on Wednesday, August 30. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, November 7. Deutsche Bank maintained the shares of MAR in report on Monday, August 7 with “Hold” rating. Evercore downgraded the stock to “Hold” rating in Monday, November 28 report.

Capital Growth Management Lp, which manages about $2.29 billion US Long portfolio, upped its stake in Lennar Corp (NYSE:LEN) by 240,000 shares to 1.09 million shares, valued at $57.55M in 2017Q3, according to the filing. It also increased its holding in Equity Lifestyle Pptys Inc (NYSE:ELS) by 450,000 shares in the quarter, for a total of 500,000 shares, and has risen its stake in Brinks Co (NYSE:BCO).

Since August 11, 2017, it had 0 insider buys, and 17 selling transactions for $28.13 million activity. Juliana B. Marriott Marital Trust sold $3.00 million worth of stock or 30,000 shares. Marriott Juliana B. sold $844,265 worth of stock. Another trade for 8,644 shares valued at $1.12 million was made by DUNCAN BRUCE W on Wednesday, December 13. On Friday, December 8 the insider Harrison Deborah Marriott sold $4.56M. On Wednesday, September 6 MARRIOTT J W JR sold $2.68 million worth of Marriott International, Inc. (NASDAQ:MAR) or 26,362 shares. Shares for $1.01M were sold by Rodriguez David A.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.09, from 1.01 in 2017Q2. It is negative, as 44 investors sold MAR shares while 224 reduced holdings. 66 funds opened positions while 180 raised stakes. 236.59 million shares or 1.84% less from 241.03 million shares in 2017Q2 were reported. Citigroup invested in 0.05% or 534,127 shares. 5,240 are owned by Hilltop. Gru One Trading Lp reported 11,659 shares. Norris Perne French Llp Mi holds 96,991 shares or 1.67% of its portfolio. 39,536 were accumulated by Paloma Prtnrs Management Company. Scopus Asset Management LP has invested 1.27% of its portfolio in Marriott International, Inc. (NASDAQ:MAR). Aqr Cap Mngmt Limited Co invested in 36,035 shares or 0% of the stock. 120,161 were reported by Baldwin Brothers Ma. Symphony Asset Mngmt Ltd Liability Corporation accumulated 0.44% or 35,507 shares. California Public Employees Retirement stated it has 823,377 shares or 0.13% of all its holdings. Manchester Mgmt Ltd Limited Liability Company stated it has 2,522 shares or 0.04% of all its holdings. 67,145 were accumulated by Hartford Investment Mgmt Communications. Connor Clark And Lunn Investment Mgmt Limited holds 0.01% or 13,225 shares in its portfolio. Marsico Cap Mngmt Ltd Liability Corp stated it has 33,630 shares. Carderock Capital Mgmt Inc accumulated 11,397 shares or 0.57% of the stock.

Among 21 analysts covering Nextera Energy Partners (NYSE:NEP), 15 have Buy rating, 1 Sell and 5 Hold. Therefore 71% are positive. Nextera Energy Partners had 37 analyst reports since July 27, 2015 according to SRatingsIntel. Bank of America maintained the shares of NEP in report on Tuesday, October 24 with “Underperform” rating. Howard Weil initiated the shares of NEP in report on Tuesday, November 17 with “Sector Perform” rating. Guggenheim initiated NextEra Energy Partners, LP (NYSE:NEP) rating on Tuesday, January 2. Guggenheim has “Buy” rating and $45 target. The stock of NextEra Energy Partners, LP (NYSE:NEP) earned “Mkt Outperform” rating by Avondale on Tuesday, November 1. On Sunday, October 8 the stock rating was maintained by RBC Capital Markets with “Hold”. Deutsche Bank maintained NextEra Energy Partners, LP (NYSE:NEP) rating on Tuesday, September 1. Deutsche Bank has “Hold” rating and $34.0 target. RBC Capital Markets maintained NextEra Energy Partners, LP (NYSE:NEP) on Sunday, November 5 with “Hold” rating. As per Monday, August 31, the company rating was upgraded by KeyBanc Capital Markets. The rating was upgraded by Goldman Sachs to “Buy” on Monday, October 19. The firm has “Outperform” rating by BMO Capital Markets given on Friday, July 28.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.34, from 1.26 in 2017Q2. It turned negative, as 15 investors sold NEP shares while 44 reduced holdings. 18 funds opened positions while 36 raised stakes. 44.14 million shares or 17.54% less from 53.53 million shares in 2017Q2 were reported. Monetary Management Grp Inc reported 13,050 shares. Price T Rowe Assoc Md invested 0.01% of its portfolio in NextEra Energy Partners, LP (NYSE:NEP). 81,762 are held by Jpmorgan Chase. Bankshares Of Montreal Can reported 0% stake. Envestnet Asset Management Inc holds 0% of its portfolio in NextEra Energy Partners, LP (NYSE:NEP) for 570 shares. Fifth Third National Bank & Trust invested in 0% or 2,000 shares. The Wisconsin-based A D Beadell Investment Counsel has invested 5.77% in NextEra Energy Partners, LP (NYSE:NEP). Anchor Bolt Cap Ltd Partnership invested 0.55% in NextEra Energy Partners, LP (NYSE:NEP). Evergreen Cap Mngmt Lc stated it has 1.4% in NextEra Energy Partners, LP (NYSE:NEP). Advisory Inc holds 0.2% in NextEra Energy Partners, LP (NYSE:NEP) or 309,268 shares. Manufacturers Life The holds 0% in NextEra Energy Partners, LP (NYSE:NEP) or 2,486 shares. Rare Ltd has 0.8% invested in NextEra Energy Partners, LP (NYSE:NEP) for 271,190 shares. Pennsylvania-based Glenmede Na has invested 0.02% in NextEra Energy Partners, LP (NYSE:NEP). Friedberg has 1.71% invested in NextEra Energy Partners, LP (NYSE:NEP). Renaissance Tech Ltd Llc has 144,500 shares.

Jennison Associates Llc, which manages about $97.63B US Long portfolio, decreased its stake in Thermo Fisher Scientific Inc (NYSE:TMO) by 59,008 shares to 173,710 shares, valued at $32.87M in 2017Q3, according to the filing. It also reduced its holding in Consol Energy Inc (NYSE:CNX) by 51,306 shares in the quarter, leaving it with 942,424 shares, and cut its stake in Carlisle Cos Inc (NYSE:CSL).

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