A. D. Beadell Investment Counsel buys $3,779,614 stake in Nextera Energy Partners LP (NEP)

Nextera Energy Partners LP (NEP) : A. D. Beadell Investment Counsel scooped up 91,188 additional shares in Nextera Energy Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 134,458 shares of Nextera Energy Partners LP which is valued at $3,779,614.Nextera Energy Partners LP makes up approximately 3.43% of A. D. Beadell Investment Counsel’s portfolio.

Nextera Energy Partners LP opened for trading at $27.64 and hit $28.6 on the upside on Friday, eventually ending the session at $28.11, with a gain of 2.37% or 0.65 points. The heightened volatility saw the trading volume jump to 3,16,353 shares. Company has a market cap of $863 M.

Other Hedge Funds, Including , Mai Capital Management added NEP to its portfolio by purchasing 38,235 company shares during the most recent quarter which is valued at $1,008,639. Nextera Energy Partners LP makes up approx 0.08% of Mai Capital Management’s portfolio. Creative Planning added NEP to its portfolio by purchasing 650 company shares during the most recent quarter which is valued at $17,147.

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.

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