Longbow Capital Partners Exits Position in Nextera Energy Partners LP (NEP)

Nextera Energy Partners LP (NEP) : Longbow Capital Partners has sold out all of its stake in Nextera Energy Partners LP during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 13,839 shares of Nextera Energy Partners LP which is valued at $343,207.

Other Hedge Funds, Including , Ardsley Advisory Partners sold out all of its stake in NEP during the most recent quarter. The investment firm sold 22,500 shares of NEP which is valued $558,000.Ridgeworth Capital Management reduced its stake in NEP by selling 164,550 shares or 7.0% in the most recent quarter. The Hedge Fund company now holds 2,187,750 shares of NEP which is valued at $55,437,585. Nextera Energy Partners LP makes up approx 0.49% of Ridgeworth Capital Management’s portfolio.Global X Management Co boosted its stake in NEP in the latest quarter, The investment management firm added 1,514 additional shares and now holds a total of 11,261 shares of Nextera Energy Partners LP which is valued at $298,079. Nextera Energy Partners LP makes up approx 0.01% of Global X Management Co’s portfolio.California Public Employees Retirement System boosted its stake in NEP in the latest quarter, The investment management firm added 161,800 additional shares and now holds a total of 206,900 shares of Nextera Energy Partners LP which is valued at $5,894,581. Nextera Energy Partners LP makes up approx 0.01% of California Public Employees Retirement System’s portfolio.

Nextera Energy Partners LP opened for trading at $25.34 and hit $25.95 on the upside on Monday, eventually ending the session at $25.25, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 3,70,786 shares. Company has a market cap of $1,369 M.

Many Wall Street Analysts have commented on Nextera Energy Partners LP. Nextera Energy Partners LP was Initiated by Credit Suisse to “Outperform” on Nov 18, 2016. Nextera Energy Partners LP was Upgraded by Avondale to ” Mkt Outperform” on Nov 1, 2016. UBS Upgraded Nextera Energy Partners LP on Oct 17, 2016 to ” Buy”, Price Target of the shares are set at $31.

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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