Rare Infrastructure Ltd increased its holdings in NextEra Energy Partners, LP (NYSE:NEP) by 16.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 483,020 shares of the solar energy provider’s stock after purchasing an additional 68,358 shares during the quarter. NextEra Energy Partners, makes up 1.3% of Rare Infrastructure Ltd’s investment portfolio, making the stock its 13th biggest holding. Rare Infrastructure Ltd owned approximately 0.89% of NextEra Energy Partners, worth $17,867,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of NextEra Energy Partners, by 10.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the solar energy provider’s stock worth $117,000 after purchasing an additional 298 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of NextEra Energy Partners, by 3.7% in the second quarter. Schroder Investment Management Group now owns 10,129 shares of the solar energy provider’s stock worth $380,000 after purchasing an additional 366 shares during the last quarter. Roosevelt Investment Group Inc. grew its stake in shares of NextEra Energy Partners, by 1.9% in the second quarter. Roosevelt Investment Group Inc. now owns 26,988 shares of the solar energy provider’s stock worth $998,000 after purchasing an additional 500 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of NextEra Energy Partners, by 14.3% in the second quarter. BNP Paribas Arbitrage SA now owns 4,800 shares of the solar energy provider’s stock worth $178,000 after purchasing an additional 600 shares during the last quarter. Finally, Clinton Group Inc. grew its stake in shares of NextEra Energy Partners, by 2.5% in the first quarter. Clinton Group Inc. now owns 30,895 shares of the solar energy provider’s stock worth $1,024,000 after purchasing an additional 765 shares during the last quarter. 83.43% of the stock is currently owned by institutional investors.

NextEra Energy Partners, LP (NYSE:NEP) traded down 0.46% during trading on Thursday, hitting $39.13. 244,233 shares of the stock were exchanged. The stock has a 50 day moving average of $40.35 and a 200-day moving average of $36.19. NextEra Energy Partners, LP has a 52 week low of $23.90 and a 52 week high of $43.68. The stock has a market cap of $2.12 billion, a P/E ratio of 21.55 and a beta of 1.26.

NextEra Energy Partners, (NYSE:NEP) last announced its earnings results on Wednesday, July 26th. The solar energy provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.19). The company had revenue of $204.00 million for the quarter, compared to the consensus estimate of $232.03 million. NextEra Energy Partners, had a net margin of 13.77% and a return on equity of 4.74%. Equities analysts expect that NextEra Energy Partners, LP will post $1.44 EPS for the current fiscal year.

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

Several analysts recently weighed in on NEP shares. Barclays PLC reissued an “overweight” rating and issued a $44.00 price objective (up previously from $39.00) on shares of NextEra Energy Partners, in a research note on Thursday, August 31st. BidaskClub cut shares of NextEra Energy Partners, from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Williams Capital started coverage on shares of NextEra Energy Partners, in a research note on Thursday, June 1st. They issued a “buy” rating and a $45.00 price objective on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $42.00 price objective (up previously from $39.00) on shares of NextEra Energy Partners, in a research note on Thursday, July 27th. Finally, Vetr raised 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. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. NextEra Energy Partners, presently has a consensus rating of “Buy” and a consensus target price of $39.36.

NextEra Energy Partners, 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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