Nextera Energy Partners LP (NYSE:NEP) Shares Sold by Atria Investments LLC

Atria Investments LLC trimmed its holdings in Nextera Energy Partners LP (NYSE:NEP) by 10.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,983 shares of the solar energy provider’s stock after selling 692 shares during the quarter. Atria Investments LLC’s holdings in Nextera Energy Partners were worth $541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Elmwood Wealth Management Inc. boosted its holdings in shares of Nextera Energy Partners by 2.3% during the 1st quarter. Elmwood Wealth Management Inc. now owns 12,185 shares of the solar energy provider’s stock valued at $568,000 after acquiring an additional 275 shares during the last quarter. ETF Managers Group LLC boosted its holdings in shares of Nextera Energy Partners by 10.4% in the first quarter. ETF Managers Group LLC now owns 3,652 shares of the solar energy provider’s stock worth $170,000 after buying an additional 344 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Nextera Energy Partners by 113.1% in the first quarter. Global Retirement Partners LLC now owns 767 shares of the solar energy provider’s stock worth $36,000 after buying an additional 407 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of Nextera Energy Partners by 11.6% in the second quarter. Advisor Group Inc. now owns 3,982 shares of the solar energy provider’s stock worth $193,000 after buying an additional 414 shares during the last quarter. Finally, Manchester Financial Inc. purchased a new position in shares of Nextera Energy Partners in the second quarter worth approximately $27,000. Institutional investors own 80.46% of the company’s stock.

NEP has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Nextera Energy Partners from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Wednesday, June 26th. Barclays lifted their price objective on shares of Nextera Energy Partners from $49.00 to $52.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, ValuEngine upgraded shares of Nextera Energy Partners from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $50.40.

NYSE NEP traded down $0.40 on Friday, hitting $50.95. 49,516 shares of the stock were exchanged, compared to its average volume of 313,532. The firm has a market capitalization of $2.87 billion, a P/E ratio of 17.51, a P/E/G ratio of 14.19 and a beta of 0.91. Nextera Energy Partners LP has a 52-week low of $39.35 and a 52-week high of $52.50. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a fifty day moving average price of $49.81 and a two-hundred day moving average price of $47.44.

Nextera Energy Partners (NYSE:NEP) last issued its earnings results on Wednesday, July 24th. The solar energy provider reported ($0.49) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.97). The company had revenue of $219.00 million for the quarter, compared to analysts’ expectations of $292.21 million. Nextera Energy Partners had a negative net margin of 2.88% and a negative return on equity of 0.44%. Sell-side analysts expect that Nextera Energy Partners LP will post 0.4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Tuesday, August 6th were issued a $0.502 dividend. The ex-dividend date was Monday, August 5th. This represents a $2.01 dividend on an annualized basis and a yield of 3.94%. Nextera Energy Partners’s dividend payout ratio is presently 69.07%.

About Nextera Energy Partners

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind and solar projects with approximately 4,859 megawatts of capacity, as well as seven contracted natural gas pipeline assets.

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

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