Miller Howard Investments Inc. NY trimmed its position in shares of NextEra Energy Partners, LP (NYSE:NEP) by 13.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,458 shares of the solar energy provider’s stock after selling 20,920 shares during the period. Miller Howard Investments Inc. NY owned about 0.25% of NextEra Energy Partners, worth $5,498,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of NextEra Energy Partners, by 10.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the solar energy provider’s stock valued at $117,000 after buying an additional 298 shares during the period. US Bancorp DE grew its holdings in NextEra Energy Partners, by 2,000.0% in the second quarter. US Bancorp DE now owns 4,200 shares of the solar energy provider’s stock worth $155,000 after purchasing an additional 4,000 shares during the period. BNP Paribas Arbitrage SA grew its holdings in NextEra Energy Partners, by 14.3% in the second quarter. BNP Paribas Arbitrage SA now owns 4,800 shares of the solar energy provider’s stock worth $178,000 after purchasing an additional 600 shares during the period. RiverPoint Capital Management LLC purchased a new stake in NextEra Energy Partners, in the second quarter worth about $213,000. Finally, Gilman Hill Asset Management LLC purchased a new stake in NextEra Energy Partners, in the second quarter worth about $259,000. 83.37% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on NEP shares. TheStreet upgraded shares of NextEra Energy Partners, from a “c-” rating to a “b” rating in a report on Wednesday, July 26th. BidaskClub cut shares of NextEra Energy Partners, from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Deutsche Bank AG reiterated a “buy” rating and set a $42.00 price target (up previously from $39.00) on shares of NextEra Energy Partners, in a report on Thursday, July 27th. Royal Bank Of Canada reiterated a “hold” rating and set a $38.00 price target (up previously from $34.00) on shares of NextEra Energy Partners, in a report on Friday, July 7th. Finally, ValuEngine cut shares of NextEra Energy Partners, from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. NextEra Energy Partners, currently has an average rating of “Hold” and a consensus price target of $39.11.

TRADEMARK VIOLATION NOTICE: This report was first reported by Watch List News and is owned by of Watch List News. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://www.watchlistnews.com/nextera-energy-partners-lp-nep-stake-lowered-by-miller-howard-investments-inc-ny/1675644.html.

NextEra Energy Partners, (NYSE:NEP) last issued its earnings results on Thursday, October 26th. The solar energy provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.36). The firm had revenue of $177.00 million during the quarter, compared to analyst estimates of $243.16 million. NextEra Energy Partners, had a net margin of 10.38% and a return on equity of 3.57%.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Monday, November 6th will be given a $0.3925 dividend. This is a boost from NextEra Energy Partners,’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, November 3rd. This represents a $1.57 annualized dividend and a yield of 4.26%. NextEra Energy Partners,’s dividend payout ratio (DPR) is presently 110.15%.

About NextEra Energy Partners,

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.

Want to see what other hedge funds are holding NEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Partners, LP (NYSE:NEP).

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

Receive News & Ratings for NextEra Energy Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.