Partnervest Advisory Services LLC bought a new stake in NextEra Energy Partners, LP (NYSE:NEP) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 8,399 shares of the solar energy provider’s stock, valued at approximately $311,000.

Other large investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA acquired a new position in shares of NextEra Energy Partners, during the first quarter worth approximately $139,000. US Bancorp DE raised its position in shares of 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 buying an additional 4,000 shares during the period. Aveo Capital Partners LLC acquired a new position in shares of NextEra Energy Partners, during the first quarter worth approximately $202,000. Venturi Wealth Management LLC acquired a new position in shares of NextEra Energy Partners, during the first quarter worth approximately $207,000. Finally, Gilman Hill Asset Management LLC acquired a new position in shares of NextEra Energy Partners, during the second quarter worth approximately $259,000. 85.26% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Partners, LP (NYSE NEP) opened at 37.80 on Friday. The company’s 50-day moving average price is $38.67 and its 200-day moving average price is $34.19. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 20.81 and a beta of 1.26. NextEra Energy Partners, LP has a 12-month low of $23.90 and a 12-month high of $41.49.

NextEra Energy Partners, (NYSE:NEP) last released its earnings results on Wednesday, July 26th. The solar energy provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by $0.19. The firm had revenue of $204 million for the quarter, compared to the consensus estimate of $232.03 million. NextEra Energy Partners, had a return on equity of 4.74% and a net margin of 13.77%. Equities analysts expect that NextEra Energy Partners, LP will post $1.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.02%. This is an increase from NextEra Energy Partners,’s previous quarterly dividend of $0.37. NextEra Energy Partners,’s payout ratio is presently 76.38%.

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A number of research analysts have recently commented on NEP shares. Vetr raised NextEra Energy Partners, from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Monday, May 15th. Barclays PLC reissued an “overweight” rating and set a $39.00 price target (up from $34.00) on shares of NextEra Energy Partners, in a report on Sunday, April 23rd. Williams Capital started coverage on NextEra Energy Partners, in a report on Thursday, June 1st. They set a “buy” rating and a $45.00 price target on the stock. Zacks Investment Research lowered NextEra Energy Partners, from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $42.00 price target (up from $39.00) on shares of NextEra Energy Partners, in a report on Thursday, July 27th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $38.57.

In other news, EVP Mark E. Hickson bought 1,350 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was bought at an average price of $37.51 per share, for a total transaction of $50,638.50. Following the completion of the transaction, the executive vice president now directly owns 4,780 shares in the company, valued at approximately $179,297.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Armando Pimentel, Jr. bought 5,000 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were purchased at an average price of $38.23 per share, with a total value of $191,150.00. Following the transaction, the insider now owns 20,000 shares of the company’s stock, valued at $764,600. The disclosure for this purchase can be found here. Insiders own 0.46% of the company’s stock.

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.

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

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