NextEra Energy Partners, LP (NYSE:NEP) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. trimmed its position in shares of NextEra Energy Partners, LP (NYSE:NEP) by 12.0% during the first quarter, HoldingsChannel reports. The fund owned 149,443 shares of the solar energy provider’s stock after selling 20,475 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in NextEra Energy Partners were worth $10,891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. M&G Investment Management Ltd. increased its stake in shares of NextEra Energy Partners by 15.3% during the first quarter. M&G Investment Management Ltd. now owns 290,001 shares of the solar energy provider’s stock worth $21,170,000 after acquiring an additional 38,499 shares during the period. Teacher Retirement System of Texas increased its stake in shares of NextEra Energy Partners by 22.1% during the first quarter. Teacher Retirement System of Texas now owns 6,977 shares of the solar energy provider’s stock worth $508,000 after acquiring an additional 1,265 shares during the period. Boston Private Wealth LLC increased its stake in shares of NextEra Energy Partners by 45.5% during the first quarter. Boston Private Wealth LLC now owns 8,184 shares of the solar energy provider’s stock worth $597,000 after acquiring an additional 2,558 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in NextEra Energy Partners by 20.0% during the first quarter. Rockefeller Capital Management L.P. now owns 63,274 shares of the solar energy provider’s stock worth $4,611,000 after buying an additional 10,558 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC boosted its holdings in NextEra Energy Partners by 2.6% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 12,006 shares of the solar energy provider’s stock worth $875,000 after buying an additional 303 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Several analysts have issued reports on NEP shares. Morgan Stanley reduced their price target on shares of NextEra Energy Partners from $79.00 to $63.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 10th. Zacks Investment Research downgraded shares of NextEra Energy Partners from a “hold” rating to a “strong sell” rating and set a $60.00 price target on the stock. in a report on Tuesday, March 30th. TheStreet raised shares of NextEra Energy Partners from a “c+” rating to a “b” rating in a report on Monday, May 17th. Seaport Res Ptn downgraded shares of NextEra Energy Partners from a “buy” rating to a “neutral” rating in a report on Monday, May 17th. Finally, Bank of America downgraded shares of NextEra Energy Partners from a “neutral” rating to an “underperform” rating and set a $81.00 price target on the stock. in a report on Friday, February 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. NextEra Energy Partners has an average rating of “Hold” and a consensus target price of $75.00.

Shares of NEP stock opened at $74.10 on Friday. NextEra Energy Partners, LP has a one year low of $48.45 and a one year high of $88.29. The company has a quick ratio of 1.60, a current ratio of 1.67 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average is $70.62. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.05 and a beta of 0.73.

NextEra Energy Partners (NYSE:NEP) last issued its quarterly earnings results on Tuesday, April 20th. The solar energy provider reported $2.66 EPS for the quarter, topping the consensus estimate of $0.39 by $2.27. NextEra Energy Partners had a net margin of 47.32% and a return on equity of 6.31%. The firm had revenue of $246.00 million during the quarter, compared to analyst estimates of $298.74 million. During the same quarter in the prior year, the business posted ($3.39) earnings per share. NextEra Energy Partners’s revenue for the quarter was up 16.0% compared to the same quarter last year. Sell-side analysts anticipate that NextEra Energy Partners, LP will post 3.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 14th. Investors of record on Thursday, May 6th were given a dividend of $0.6375 per share. This is a positive change from NextEra Energy Partners’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Wednesday, May 5th. This represents a $2.55 annualized dividend and a yield of 3.44%. NextEra Energy Partners’s dividend payout ratio is -314.81%.

NextEra Energy Partners Company Profile

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. The company owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida.

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

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