Neuberger Berman Group LLC Cut Its Nextera Energy Partners Units Mlp (NEP) Position as Shares Rose

October 13, 2018 - By Clifton Ray

NextEra Energy Partners, LP (NYSE:NEP) LogoInvestors sentiment decreased to 0.75 in Q2 2018. Its down 0.16, from 0.91 in 2018Q1. It is negative, as 15 investors sold NEP shares while 57 reduced holdings. 19 funds opened positions while 35 raised stakes. 44.24 million shares or 0.10% more from 44.20 million shares in 2018Q1 were reported. Cbre Clarion Secs Limited Liability reported 0.01% in NextEra Energy Partners, LP (NYSE:NEP). Asset Mngmt One Ltd holds 51,300 shares. Anchor Bolt Capital Lp accumulated 161,379 shares. Fincl Bank Of America De reported 142,693 shares or 0% of all its holdings. Texas Yale Capital Corporation, a Florida-based fund reported 65,755 shares. Teacher Retirement Sys Of Texas has invested 0% in NextEra Energy Partners, LP (NYSE:NEP). A D Beadell Invest Counsel Incorporated, Wisconsin-based fund reported 155,425 shares. Miller Howard Investments New York has invested 0.08% in NextEra Energy Partners, LP (NYSE:NEP). Kayne Anderson Cap Lp invested 0.33% in NextEra Energy Partners, LP (NYSE:NEP). Gilman Hill Asset Ltd Liability Com reported 13,345 shares or 0.26% of all its holdings. Fil Limited reported 32,274 shares or 0% of all its holdings. Brown Advisory Incorporated invested in 0% or 25,560 shares. Bnp Paribas Arbitrage Sa holds 15,211 shares. Royal Bancshares Of Canada owns 183,220 shares. Td Asset Management Inc reported 21,941 shares stake.

Neuberger Berman Group Llc decreased its stake in Nextera Energy Partners Units Mlp (NEP) by 1.15% based on its latest 2018Q2 regulatory filing with the SEC. Neuberger Berman Group Llc sold 97,206 shares as the company’s stock rose 14.63% with the market. The institutional investor held 8.33 million shares of the public utilities company at the end of 2018Q2, valued at $388.83M, down from 8.43 million at the end of the previous reported quarter. Neuberger Berman Group Llc who had been investing in Nextera Energy Partners Units Mlp for a number of months, seems to be less bullish one the $2.51B market cap company. The stock increased 2.58% or $1.16 during the last trading session, reaching $46.18. About 192,803 shares traded. NextEra Energy Partners, LP (NYSE:NEP) has risen 20.05% since October 13, 2017 and is uptrending. It has outperformed by 4.43% the S&P500.

Neuberger Berman Group Llc, which manages about $90.58B US Long portfolio, upped its stake in Energy Transfer Equity Lp (NYSE:ETE) by 3.05M shares to 29.68M shares, valued at $512.06M in 2018Q2, according to the filing. It also increased its holding in Newmont Mining Corp (NYSE:NEM) by 167,467 shares in the quarter, for a total of 1.85 million shares, and has risen its stake in Targa Resources Corp (NYSE:TRGP).

Analysts await NextEra Energy Partners, LP (NYSE:NEP) to report earnings on October, 25. They expect $0.46 earnings per share, up 4,500.00 % or $0.45 from last year’s $0.01 per share. NEP’s profit will be $24.98M for 25.10 P/E if the $0.46 EPS becomes a reality. After $1.43 actual earnings per share reported by NextEra Energy Partners, LP for the previous quarter, Wall Street now forecasts -67.83 % negative EPS growth.

More recent NextEra Energy Partners, LP (NYSE:NEP) news were published by: Globenewswire.com which released: “New Research Coverage Highlights Twenty-First Century Fox, Lumentum, Dynex Capital, OUTFRONT Media, PICO …” on October 02, 2018. Also Fool.com published the news titled: “Why NextEra Energy Partners LP Is a Retiree’s Dream Stock” on October 04, 2018. Fool.com‘s news article titled: “3 Top Energy Stocks to Buy Right Now” with publication date: September 25, 2018 was also an interesting one.

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

Among 6 analysts covering NextEra Energy Partners (NYSE:NEP), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. NextEra Energy Partners had 7 analyst reports since April 26, 2018 according to SRatingsIntel. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, September 11 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, July 16. On Thursday, July 5 the stock rating was downgraded by Raymond James to “Market Perform”. The rating was maintained by Wells Fargo with “Outperform” on Monday, September 17. The firm has “Neutral” rating by JP Morgan given on Thursday, April 26. The rating was maintained by Howard Weil with “Sector Perform” on Tuesday, July 24.

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

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