Morgan Stanley decreased its position in NextEra Energy Partners, LP (NYSE:NEP) by 5.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 682,928 shares of the solar energy provider’s stock after selling 42,047 shares during the period. Morgan Stanley owned about 1.26% of NextEra Energy Partners, worth $22,624,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. BNP Paribas Arbitrage SA bought a new stake in NextEra Energy Partners, during the first quarter worth $139,000. Venturi Wealth Management LLC acquired a new position in shares of NextEra Energy Partners, during the first quarter worth approximately $207,000. Osborn Williams & Donohoe LLC acquired a new position in shares of NextEra Energy Partners, during the first quarter worth approximately $248,000. Adell Harriman & Carpenter Inc. acquired a new position in shares of NextEra Energy Partners, during the first quarter worth approximately $326,000. Finally, Two Sigma Investments LP raised its position in shares of 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 worth $352,000 after buying an additional 528 shares during the period. 85.26% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Partners, LP (NEP) traded down 0.10% during trading on Friday, reaching $40.36. 92,533 shares of the company traded hands. The firm’s 50 day moving average price is $37.77 and its 200 day moving average price is $33.72. NextEra Energy Partners, LP has a 12-month low of $23.90 and a 12-month high of $41.49. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 22.22 and a beta of 1.26.

NextEra Energy Partners, (NYSE:NEP) last announced its quarterly earnings results on Wednesday, July 26th. The solar energy provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by $0.19. The firm had revenue of $204 million during the quarter, compared to the consensus estimate of $232.03 million. NextEra Energy Partners, had a return on equity of 4.74% and a net margin of 13.77%. Equities research analysts expect that NextEra Energy Partners, LP will post $1.58 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Thursday, August 3rd. This is a positive change from NextEra Energy Partners,’s previous quarterly dividend of $0.37. NextEra Energy Partners,’s dividend payout ratio (DPR) is 73.37%.

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A number of equities analysts have recently commented on the stock. UBS AG reiterated a “neutral” rating and set a $32.00 price target (up previously from $31.00) on shares of NextEra Energy Partners, in a report on Tuesday, April 25th. Zacks Investment Research lowered shares of NextEra Energy Partners, from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Vetr upgraded shares of NextEra Energy Partners, from a “sell” rating to a “hold” rating and set a $33.00 price target on the stock in a report on Monday, May 8th. BidaskClub upgraded shares of NextEra Energy Partners, from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Finally, TheStreet upgraded shares of NextEra Energy Partners, from a “c-” rating to a “b” rating in a report on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $38.57.

In related news, EVP Mark E. Hickson bought 1,350 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was purchased at an average cost of $37.51 per share, with a total value of $50,638.50. Following the transaction, the executive vice president now owns 4,780 shares in the company, valued at approximately $179,297.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Armando Pimentel, Jr. bought 5,000 shares of the company’s stock in a transaction dated Friday, July 14th. The stock was bought at an average cost of $38.23 per share, with a total value of $191,150.00. Following the completion of the transaction, the insider now owns 20,000 shares in the company, valued at approximately $764,600. The disclosure for this purchase can be found here. 0.46% of the stock is owned by company insiders.

NextEra Energy Partners, Company 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.

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

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