NextEra Energy Partners, LP (NYSE:NEP) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in shares of NextEra Energy Partners, LP (NYSE:NEP) by 34.5% during the first quarter, Holdings Channel reports. The institutional investor owned 112,691 shares of the solar energy provider’s stock after buying an additional 28,922 shares during the period. JPMorgan Chase & Co.’s holdings in NextEra Energy Partners, were worth $3,734,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BNP Paribas Arbitrage SA acquired a new position in shares of NextEra Energy Partners, during the first quarter worth about $139,000. Osborn Williams & Donohoe LLC purchased a new stake in NextEra Energy Partners, during the first quarter valued at $248,000. Adell Harriman & Carpenter Inc. purchased a new stake in NextEra Energy Partners, during the first quarter valued at $326,000. Two Sigma Investments LP boosted its stake in NextEra Energy Partners, by 4.0% in the fourth quarter. Two Sigma Investments LP now owns 13,785 shares of the solar energy provider’s stock valued at $352,000 after buying an additional 528 shares during the last quarter. Finally, Parametric Portfolio Associates LLC purchased a new stake in NextEra Energy Partners, during the first quarter valued at $545,000. Institutional investors own 85.50% of the company’s stock.

Shares of NextEra Energy Partners, LP (NYSE:NEP) opened at 37.27 on Monday. NextEra Energy Partners, LP has a 52 week low of $23.90 and a 52 week high of $39.83. The firm’s 50-day moving average is $35.15 and its 200-day moving average is $31.62. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 20.40 and a beta of 1.23.

NextEra Energy Partners, (NYSE:NEP) last posted its quarterly earnings data on Friday, April 21st. The solar energy provider reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.18. NextEra Energy Partners, had a return on equity of 4.69% and a net margin of 13.70%. The company had revenue of $175 million for the quarter, compared to analyst estimates of $232.06 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Analysts forecast that NextEra Energy Partners, LP will post $1.42 earnings per share for the current fiscal year.

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Several analysts have weighed in on NEP shares. Deutsche Bank AG lifted their price objective on NextEra Energy Partners, from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, April 11th. Goldman Sachs Group, Inc. (The) cut NextEra Energy Partners, from a “buy” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a research report on Wednesday, March 29th. Vetr raised NextEra Energy Partners, from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Monday, May 15th. Macquarie cut NextEra Energy Partners, from an “outperform” rating to a “neutral” rating in a research report on Thursday, March 23rd. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $39.00 price objective (up from $34.00) on shares of NextEra Energy Partners, in a research report on Sunday, April 23rd. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $37.94.

In related news, EVP Mark E. Hickson acquired 1,350 shares of the stock in a transaction dated Wednesday, July 5th. The stock was acquired at an average cost of $37.51 per share, for a total transaction of $50,638.50. Following the completion of the purchase, the executive vice president now owns 4,780 shares of the company’s stock, valued at approximately $179,297.80. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.47% of the company’s stock.

About NextEra Energy Partners,

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.

Want to see what other hedge funds are holding NEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Partners, LP (NYSE:NEP).

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

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