Kayne Anderson Capital Advisors LP boosted its stake in NextEra Energy Partners, LP (NYSE:NEP) by 38.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 638,072 shares of the solar energy provider’s stock after purchasing an additional 175,800 shares during the quarter. Kayne Anderson Capital Advisors LP owned approximately 1.18% of NextEra Energy Partners, worth $25,701,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of NextEra Energy Partners, by 10.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the solar energy provider’s stock valued at $117,000 after acquiring an additional 298 shares during the last quarter. US Bancorp DE raised its holdings in shares of NextEra Energy Partners, by 2,000.0% during the 2nd quarter. US Bancorp DE now owns 4,200 shares of the solar energy provider’s stock valued at $155,000 after buying an additional 4,000 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of NextEra Energy Partners, by 14.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,800 shares of the solar energy provider’s stock valued at $178,000 after buying an additional 600 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of NextEra Energy Partners, during the 3rd quarter valued at about $203,000. Finally, Stephens Inc. AR purchased a new position in shares of NextEra Energy Partners, during the 3rd quarter valued at about $206,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

Shares of NextEra Energy Partners, LP (NEP) traded down $0.09 during trading hours on Thursday, hitting $38.62. The stock had a trading volume of 91,000 shares, compared to its average volume of 277,351. The company has a market capitalization of $2,100.06, a P/E ratio of 28.05, a P/E/G ratio of 3.50 and a beta of 1.22. The company has a debt-to-equity ratio of 2.04, a quick ratio of 3.20 and a current ratio of 3.20. NextEra Energy Partners, LP has a 1 year low of $23.90 and a 1 year high of $44.00.

NextEra Energy Partners, (NYSE:NEP) last announced its quarterly earnings results on Thursday, October 26th. The solar energy provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.36). The business had revenue of $177.00 million for the quarter, compared to the consensus estimate of $243.16 million. NextEra Energy Partners, had a net margin of 10.38% and a return on equity of 3.57%. sell-side analysts expect that NextEra Energy Partners, LP will post 1.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th were issued a dividend of $0.3925 per share. This is an increase from NextEra Energy Partners,’s previous quarterly dividend of $0.38. This represents a $1.57 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Friday, November 3rd. NextEra Energy Partners,’s dividend payout ratio is presently 113.77%.

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A number of brokerages recently weighed in on NEP. Royal Bank Of Canada reissued a “hold” rating and set a $39.00 price objective on shares of NextEra Energy Partners, in a report on Tuesday, October 10th. J P Morgan Chase & Co decreased their price target on NextEra Energy Partners, from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, October 12th. Bank of America Corporation reaffirmed an “underperform” rating and issued a $35.00 price target on shares of NextEra Energy Partners, in a research note on Tuesday, October 24th. BidaskClub raised NextEra Energy Partners, from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. Finally, ValuEngine cut NextEra Energy Partners, from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. NextEra Energy Partners, currently has an average rating of “Hold” and an average price target of $39.11.

NextEra Energy Partners, Company Profile

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 (NEP OpCo), owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets.

Institutional Ownership by Quarter for NextEra Energy Partners, (NYSE:NEP)

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