WINTON GROUP Ltd bought a new stake in Nextera Energy Partners LP (NYSE:NEP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,342 shares of the solar energy provider’s stock, valued at approximately $308,000.
A number of other large investors have also bought and sold shares of the business. BNP Paribas Arbitrage SA grew its stake in shares of Nextera Energy Partners by 21.3% in the second quarter. BNP Paribas Arbitrage SA now owns 15,211 shares of the solar energy provider’s stock valued at $710,000 after buying an additional 2,669 shares in the last quarter. James Investment Research Inc. acquired a new stake in shares of Nextera Energy Partners in the third quarter valued at $151,000. Public Employees Retirement Association of Colorado grew its stake in shares of Nextera Energy Partners by 137.0% in the third quarter. Public Employees Retirement Association of Colorado now owns 5,775 shares of the solar energy provider’s stock valued at $280,000 after buying an additional 3,338 shares in the last quarter. Perella Weinberg Partners Capital Management LP grew its stake in shares of Nextera Energy Partners by 11.9% in the second quarter. Perella Weinberg Partners Capital Management LP now owns 40,365 shares of the solar energy provider’s stock valued at $1,884,000 after buying an additional 4,284 shares in the last quarter. Finally, Allen Capital Group LLC acquired a new stake in shares of Nextera Energy Partners in the second quarter valued at $208,000. Institutional investors own 80.21% of the company’s stock.
A number of brokerages have recently weighed in on NEP. Zacks Investment Research cut Nextera Energy Partners from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Wells Fargo & Co boosted their target price on Nextera Energy Partners from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, September 17th. Morgan Stanley boosted their target price on Nextera Energy Partners from $50.00 to $51.00 and gave the stock a “hold” rating in a research note on Tuesday, September 11th. Mizuho began coverage on Nextera Energy Partners in a research note on Monday, August 13th. They set a “buy” rating and a $54.50 target price for the company. Finally, ValuEngine cut Nextera Energy Partners from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Nextera Energy Partners presently has a consensus rating of “Hold” and a consensus target price of $47.50.
Nextera Energy Partners (NYSE:NEP) last released its earnings results on Tuesday, October 23rd. The solar energy provider reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.13. Nextera Energy Partners had a return on equity of 7.34% and a net margin of 13.55%. The firm had revenue of $178.00 million during the quarter, compared to analysts’ expectations of $283.40 million. As a group, research analysts forecast that Nextera Energy Partners LP will post 3.1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Tuesday, November 6th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.82%. This is an increase from Nextera Energy Partners’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, November 5th. Nextera Energy Partners’s payout ratio is 272.73%.
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About Nextera Energy Partners
NextEra Energy Partners, LP acquires, owns, and operates contracted clean energy projects in the United States and Canada. It owns a portfolio of contracted renewable generation assets consisting of wind and solar projects with approximately 3,867 megawatts of capacity, as well as seven contracted natural gas pipeline assets.
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