Vanguard Group Inc. grew its holdings in NextEra Energy Partners, LP (NYSE:NEP) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 242,207 shares of the solar energy provider’s stock after purchasing an additional 10,256 shares during the period. Vanguard Group Inc. owned approximately 0.45% of NextEra Energy Partners, worth $8,959,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in 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 worth $117,000 after acquiring an additional 298 shares during the period. Schroder Investment Management Group increased its holdings in NextEra Energy Partners, by 3.7% during the 2nd quarter. Schroder Investment Management Group now owns 10,129 shares of the solar energy provider’s stock worth $380,000 after acquiring an additional 366 shares during the period. Roosevelt Investment Group Inc. increased its holdings in NextEra Energy Partners, by 1.9% during the 2nd quarter. Roosevelt Investment Group Inc. now owns 26,988 shares of the solar energy provider’s stock worth $998,000 after acquiring an additional 500 shares during the period. BNP Paribas Arbitrage SA increased its holdings in 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 worth $178,000 after acquiring an additional 600 shares during the period. Finally, Credit Suisse AG increased its holdings in NextEra Energy Partners, by 1.8% during the 1st quarter. Credit Suisse AG now owns 44,883 shares of the solar energy provider’s stock worth $1,487,000 after acquiring an additional 772 shares during the period. 83.01% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on NEP shares. BidaskClub lowered shares of NextEra Energy Partners, from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. TheStreet lowered shares of NextEra Energy Partners, from a “b” rating to a “c+” rating in a report on Thursday, October 26th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $39.00 target price on shares of NextEra Energy Partners, in a report on Tuesday, October 10th. ValuEngine lowered shares of NextEra Energy Partners, from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, J P Morgan Chase & Co decreased their target price on shares of NextEra Energy Partners, from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $39.11.

Shares of NextEra Energy Partners, LP (NEP) traded up $0.10 during trading hours on Friday, hitting $38.72. 26,481 shares of the stock were exchanged, compared to its average volume of 214,873. The company has a market cap of $2,095.17, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 3.50 and a beta of 1.22. NextEra Energy Partners, LP has a 1 year low of $23.90 and a 1 year high of $44.00. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 2.04.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th were issued a $0.3925 dividend. This is a positive change from NextEra Energy Partners,’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, November 3rd. This represents a $1.57 dividend on an annualized basis and a dividend yield of 4.05%. NextEra Energy Partners,’s dividend payout ratio is presently 113.77%.

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NextEra Energy Partners, 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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