Beach Investment Management. Lowers stake in Nextera Energy Partners LP (NEP)

Nextera Energy Partners LP (NEP) : Beach Investment Management. reduced its stake in Nextera Energy Partners LP by 20.0% during the most recent quarter end. The investment management company now holds a total of 120,283 shares of Nextera Energy Partners LP which is valued at $3.5 Million after selling 30,070 shares in Nextera Energy Partners LP , the firm said in a disclosure report filed with the SEC on May 12, 2016.Nextera Energy Partners LP makes up approximately 6.40% of Beach Investment Management.’s portfolio.

Other Hedge Funds, Including , Eaton Vance Management boosted its stake in NEP in the latest quarter, The investment management firm added 5,715 additional shares and now holds a total of 18,555 shares of Nextera Energy Partners LP which is valued at $539,023.Blackrock Advisors reduced its stake in NEP by selling 5,920 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 1,672,656 shares of NEP which is valued at $48.6 Million. Nextera Energy Partners LP makes up approx 0.05% of Blackrock Advisors’s portfolio.Blackrock Investment Management reduced its stake in NEP by selling 9,440 shares or 4.32% in the most recent quarter. The Hedge Fund company now holds 209,331 shares of NEP which is valued at $6.1 Million. Nextera Energy Partners LP makes up approx 0.01% of Blackrock Investment Management’s portfolio. Nine Chapters Capital Management added NEP to its portfolio by purchasing 9,200 company shares during the most recent quarter which is valued at $267,260. Nextera Energy Partners LP makes up approx 0.02% of Nine Chapters Capital Management’s portfolio.Jennison Associates boosted its stake in NEP in the latest quarter, The investment management firm added 188,828 additional shares and now holds a total of 2,414,640 shares of Nextera Energy Partners LP which is valued at $68.9 Million. Nextera Energy Partners LP makes up approx 0.07% of Jennison Associates’s portfolio.

Nextera Energy Partners LP opened for trading at $28.35 and hit $28.92 on the upside on Friday, eventually ending the session at $28.35, with a gain of 0.28% or 0.08 points. The heightened volatility saw the trading volume jump to 89,666 shares. Company has a market cap of $1,187,468 M.

Many Wall Street Analysts have commented on Nextera Energy Partners LP. RBC Capital Mkts Initiated Nextera Energy Partners LP on Apr 5, 2016 to “Sector Perform”, Price Target of the shares are set at $29.

Nextera Energy Partners LP is a limited partnership formed to acquire manage and own contracted clean energy projects. The Company through its limited partnership interest in NextEra Energy Operating Partners LP owns a portfolio of contracted renewable generation assets consisting of wind and solar projects. The Company’s projects portfolio consists of clean contracted renewable energy assets that include Northern Colorado is a wind project with a capacity of 174 megawatt; Elk City and Perrin Ranch are wind projects with a capacity of 99 megawatt; Moore and Sombra are solar projects with a capacity of 20 megawatt; Conestogo is a wind project with a capacity of 23 megawatt; Tuscola Bay is a wind project with a capacity of 120 megawatt; Summerhaven is a wind project with a capacity of 124 megawatt; Bluewater is a wind project with a capacity of 60 megawatt and Genesis is a solar project with a capacity of 250 megawatt.

Leave a Reply

Nextera Energy Partners LP - Is it time to Sell?

Top Brokerage Firms are advising their investors on Nextera Energy Partners LP. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.