Nextera Energy Partners LP (NYSE:NEP).
Evergreen Capital Management LLC bought 297,655 shares in quarter ending 09/30/2017 increasing its holdings in Nextera Energy Partners LP by 297,655.0%. Its investment was worth $11,997,000 an increase of 299,825.0% as of quarter end.
Several firms have shifted positions in (NEP). First Mercantile Trust Co trimmed its position by selling 3,750 shares a decrease of 14.4%. First Mercantile Trust Co now holds 22,312 shares worth $899,000. The total value of its holdings decreased 6.7%. As of quarter end Raymond James & Associates had bought 12,469 shares growing its stake by 31.7%. The value in dollars went from $1,456,000 to $2,089,000 a change of 43.5% quarter to quarter.
As of the end of the quarter Baird Financial Group, Inc. had disposed of a total of 4,972 shares trimming its position 7.0%. The value of the company’s investment in Nextera Energy Partners LP increased from $2,631,000 to $2,665,000 increasing 1.3% for the reporting period.
October 24 investment analysts at Bank of America Corporation maintained a company rating of “Underperform” targeting a price of $35.00. Equity analyst J P Morgan Chase & Co lowered the price target on October 12 changing the price objective from $39.00 to $38.00 and stated a “Neutral” rating.
On October 10 Royal Bank Of Canada made no change to the stock rating of “Hold” projecting a price of $39.00. August 31 investment analysts at Barclays PLC left the company rating at “Overweight” with a current price target of $44.00.
BMO Capital Markets raised the price target of the stock on July 28 changing the forecast from $35.00 to $45.00 with a “Outperform” recommendation. On July 27 Deutsche Bank AG maintained a stock rating of “Buy” projecting a price of $42.00.
In the market the company is trading down from yesterday’s close of 39.26. The P/E ratio is 31.21 and the market cap is 2.12B. In the last earnings report the EPS was $1.25 with 54.25M shares presently outstanding.
Investors are feeling more bullish on the company as inferred by the downtick in short interest. The firm realized a fall in short interest of -16.21% between September 29, 2017 and October 13, 2017. Short interest fell 144,423 over that timeframe. With short interest at 746,544 and short average daily volume at 210,491, the short-interest ratio is 4.0 and the percentage of shorted shares is 0.01% as of October 13.