Evergreen Capital Management LLC Lowered Its Stake in Nextera Energy Partners LP (NEP) by $5.80 Million as Stock Price Rose

July 14, 2018 - By Vivian Park

NextEra Energy Partners, LP (NYSE:NEP) LogoInvestors sentiment decreased to 0.91 in Q1 2018. Its down 0.52, from 1.43 in 2017Q4. It dropped, 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. Cbre Clarion Securities Ltd Liability reported 27,030 shares. Great West Life Assurance Co Can invested in 0% or 5,225 shares. Tradewinds Mgmt Limited Co holds 300 shares. Wells Fargo Co Mn invested in 183,741 shares or 0% of the stock. First Tru Lp holds 0.01% or 57,599 shares in its portfolio. Tiedemann invested in 484,759 shares. Price T Rowe Assocs Md holds 0.01% of its portfolio in NextEra Energy Partners, LP (NYSE:NEP) for 1.88M shares. Bnp Paribas Arbitrage holds 0% in NextEra Energy Partners, LP (NYSE:NEP) or 12,542 shares. 1,357 were accumulated by Advsrs Asset Mngmt. Wellington Mgmt Group Inc Limited Liability Partnership owns 0% invested in NextEra Energy Partners, LP (NYSE:NEP) for 286,493 shares. A D Beadell Inv Counsel Inc holds 5.36% of its portfolio in NextEra Energy Partners, LP (NYSE:NEP) for 155,474 shares. Westwood invested in 7,235 shares. Neuberger Berman Gp Lc reported 0.39% stake. Northern Tru owns 29,208 shares. Wexford Capital Ltd Partnership invested 0.43% of its portfolio in NextEra Energy Partners, LP (NYSE:NEP).

Evergreen Capital Management Llc decreased its stake in Nextera Energy Partners Lp (NEP) by 50.48% based on its latest 2018Q1 regulatory filing with the SEC. Evergreen Capital Management Llc sold 148,725 shares as the company’s stock rose 11.43% while stock markets declined. The institutional investor held 145,905 shares of the public utilities company at the end of 2018Q1, valued at $5.84M, down from 294,630 at the end of the previous reported quarter. Evergreen Capital Management Llc who had been investing in Nextera Energy Partners Lp for a number of months, seems to be less bullish one the $2.50 billion market cap company. The stock decreased 0.97% or $0.45 during the last trading session, reaching $46. About 152,574 shares traded. NextEra Energy Partners, LP (NYSE:NEP) has risen 27.27% since July 14, 2017 and is uptrending. It has outperformed by 14.70% the S&P500.

Analysts await NextEra Energy Partners, LP (NYSE:NEP) to report earnings on July, 25. They expect $0.42 EPS, up 75.00 % or $0.18 from last year’s $0.24 per share. NEP’s profit will be $22.81 million for 27.38 P/E if the $0.42 EPS becomes a reality. After $1.21 actual EPS reported by NextEra Energy Partners, LP for the previous quarter, Wall Street now forecasts -65.29 % negative EPS growth.

More recent NextEra Energy Partners, LP (NYSE:NEP) news were published by: Globenewswire.com which released: “New Research: Key Drivers of Growth for Opus Bank, NextEra Energy Partners, LP, AMN Healthcare Services, Texas …” on June 18, 2018. Also Benzinga.com published the news titled: “Raymond James Updates Clean Tech Outlook: M&A, Yield In Focus” on July 05, 2018. Prnewswire.com‘s news article titled: “NextEra Energy and NextEra Energy Partners to meet with investors through June and participate in the 2018 JP …” with publication date: June 14, 2018 was also an interesting one.

NextEra Energy Partners, LP (NYSE:NEP) Ratings Coverage

Among 4 analysts covering Nextera Energy Partners (NYSE:NEP), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Nextera Energy Partners has $40.0 highest and $38 lowest target. $37.50’s average target is -18.48% below currents $46 stock price. Nextera Energy Partners had 6 analyst reports since February 1, 2018 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Friday, March 9 with “Hold”. JP Morgan maintained the shares of NEP in report on Thursday, April 26 with “Neutral” rating. The rating was maintained by RBC Capital Markets on Thursday, February 1 with “Hold”. The stock has “Market Perform” rating by Raymond James on Thursday, July 5. The firm earned “Neutral” rating on Tuesday, April 10 by JP Morgan. The firm earned “Buy” rating on Friday, March 16 by Bank of America.

NextEra Energy Partners, LP (NYSE:NEP) Institutional Positions Chart

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