Jennison Associates LLC boosted its position in shares of NextEra Energy Partners, LP (NYSE:NEP) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,428,634 shares of the solar energy provider’s stock after buying an additional 70,719 shares during the period. Jennison Associates LLC owned 4.48% of NextEra Energy Partners, worth $89,835,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NEP. BNP Paribas Arbitrage SA purchased a new stake in NextEra Energy Partners, during the first quarter worth about $139,000. US Bancorp DE raised its stake in NextEra Energy Partners, by 2,000.0% in the second quarter. US Bancorp DE now owns 4,200 shares of the solar energy provider’s stock worth $155,000 after buying an additional 4,000 shares in the last quarter. Aveo Capital Partners LLC purchased a new stake in NextEra Energy Partners, during the first quarter worth about $202,000. Venturi Wealth Management LLC purchased a new stake in NextEra Energy Partners, during the first quarter worth about $207,000. Finally, Gilman Hill Asset Management LLC purchased a new stake in NextEra Energy Partners, during the second quarter worth about $259,000. Institutional investors own 86.15% of the company’s stock.

Shares of NextEra Energy Partners, LP (NYSE:NEP) opened at 39.07 on Monday. The firm has a market cap of $2.12 billion, a P/E ratio of 21.51 and a beta of 1.26. The stock’s 50 day moving average is $38.83 and its 200-day moving average is $34.65. NextEra Energy Partners, LP has a 52-week low of $23.90 and a 52-week high of $41.49.

NextEra Energy Partners, (NYSE:NEP) last issued its earnings results on Wednesday, July 26th. The solar energy provider reported $0.24 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 analyst estimates of $232.03 million. NextEra Energy Partners, had a net margin of 13.77% and a return on equity of 4.74%. Equities analysts anticipate that NextEra Energy Partners, LP will post $1.58 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.89%. This is a positive change from NextEra Energy Partners,’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, August 3rd. NextEra Energy Partners,’s dividend payout ratio is presently 76.38%.

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NEP has been the topic of a number of analyst reports. TheStreet upgraded shares of NextEra Energy Partners, from a “c-” rating to a “b” rating in a research note on Wednesday, July 26th. Vetr upgraded shares of NextEra Energy Partners, from a “sell” rating to a “buy” rating and set a $40.37 price objective on the stock in a research note on Thursday, June 22nd. Zacks Investment Research upgraded shares of NextEra Energy Partners, from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Thursday, June 22nd. Williams Capital initiated coverage on shares of NextEra Energy Partners, in a research note on Thursday, June 1st. They set a “buy” rating and a $45.00 price objective on the stock. Finally, BidaskClub lowered shares of NextEra Energy Partners, from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $38.57.

In other news, insider Armando Pimentel, Jr. bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was acquired at an average cost of $38.23 per share, for a total transaction of $191,150.00. Following the completion of the purchase, the insider now owns 20,000 shares of the company’s stock, valued at approximately $764,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark E. Hickson bought 1,350 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was purchased at an average price of $37.51 per share, with a total value of $50,638.50. Following the completion of the purchase, the executive vice president now directly owns 4,780 shares of the company’s stock, valued at approximately $179,297.80. The disclosure for this purchase can be found here. Corporate insiders own 0.46% of the company’s stock.

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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