As Nextera Energy Partners LP (NEP) Market Value Rose, Evergreen Capital Management LLC Has Decreased Its Holding

July 27, 2018 - By Victoria Pittman

NextEra Energy Partners, LP (NYSE:NEP) LogoInvestors sentiment decreased to 0.91 in 2018 Q1. Its down 0.52, from 1.43 in 2017Q4. It dived, 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. Loomis Sayles And Limited Partnership reported 0% stake. Monetary Gru holds 13,050 shares or 0.22% of its portfolio. Bank & Trust Of America Corporation De holds 318,902 shares or 0% of its portfolio. Advantus Cap Mgmt Inc owns 61,100 shares for 0.06% of their portfolio. Ubs Asset Americas reported 851 shares. Panagora Asset Mngmt stated it has 0% in NextEra Energy Partners, LP (NYSE:NEP). Nuveen Asset Mgmt Ltd Liability Company stated it has 16,348 shares. The New York-based Tiedemann Advsr Ltd has invested 1.33% in NextEra Energy Partners, LP (NYSE:NEP). Advisory Research accumulated 297,938 shares. Manufacturers Life Ins The reported 1,821 shares. Price T Rowe Md reported 1.88 million shares stake. Telemus Capital Limited Liability Corp invested 0.1% of its portfolio in NextEra Energy Partners, LP (NYSE:NEP). Wellington Mgmt Limited Liability Partnership invested 0% of its portfolio in NextEra Energy Partners, LP (NYSE:NEP). A D Beadell Inv Counsel has 5.36% invested in NextEra Energy Partners, LP (NYSE:NEP) for 155,474 shares. Moreover, Koch Incorporated has 0.02% invested in NextEra Energy Partners, LP (NYSE:NEP) for 5,307 shares.

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 $2.55 billion market cap company. The stock increased 3.58% or $1.62 during the last trading session, reaching $46.88. About 395,066 shares traded or 98.94% up from the average. NextEra Energy Partners, LP (NYSE:NEP) has risen 27.27% since July 27, 2017 and is uptrending. It has outperformed by 14.70% the S&P500.

More news for NextEra Energy Partners, LP (NYSE:NEP) were recently published by: Streetinsider.com, which released: “UPDATE: Morgan Stanley Downgrades NextEra Energy Partners (NEP) to Equalweight” on July 16, 2018. Prnewswire.com‘s article titled: “NextEra Energy Partners, LP second-quarter 2018 financial results available on partnership’s website” and published on July 25, 2018 is yet another important article.

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

Among 6 analysts covering Nextera Energy Partners (NYSE:NEP), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Nextera Energy Partners has $40.0 highest and $38 lowest target. $37.50’s average target is -20.01% below currents $46.88 stock price. Nextera Energy Partners had 8 analyst reports since February 1, 2018 according to SRatingsIntel. The stock has “Sector Perform” rating by Howard Weil on Tuesday, July 24. Morgan Stanley downgraded the shares of NEP in report on Monday, July 16 to “Equal-Weight” rating. The firm earned “Neutral” rating on Tuesday, April 10 by JP Morgan. The stock of NextEra Energy Partners, LP (NYSE:NEP) earned “Hold” rating by RBC Capital Markets on Friday, March 9. The firm has “Hold” rating given on Thursday, February 1 by RBC Capital Markets. Raymond James downgraded the shares of NEP in report on Thursday, July 5 to “Market Perform” rating. The rating was maintained by JP Morgan with “Neutral” on Thursday, April 26. The company was upgraded on Friday, March 16 by Bank of America.

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

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