Monetary Management Group Inc. trimmed its position in shares of NextEra Energy Partners, LP (NYSE:NEP) by 5.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,050 shares of the solar energy provider’s stock after selling 700 shares during the period. Monetary Management Group Inc.’s holdings in NextEra Energy Partners, were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in NEP. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of NextEra Energy Partners, by 10.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the solar energy provider’s stock worth $117,000 after acquiring an additional 298 shares in the last quarter. BNP Paribas Arbitrage SA purchased a new stake in shares of NextEra Energy Partners, during the first quarter worth $139,000. US Bancorp DE raised its holdings in shares of NextEra Energy Partners, by 2,000.0% during the second quarter. US Bancorp DE now owns 4,200 shares of the solar energy provider’s stock worth $155,000 after acquiring an additional 4,000 shares in the last quarter. Aveo Capital Partners LLC purchased a new stake in shares of NextEra Energy Partners, during the first quarter worth $202,000. Finally, RiverPoint Capital Management LLC purchased a new stake in shares of NextEra Energy Partners, during the second quarter worth $213,000. Institutional investors and hedge funds own 83.43% of the company’s stock.

NextEra Energy Partners, LP (NYSE:NEP) traded down 0.14% during trading on Thursday, reaching $41.50. 100,738 shares of the company’s stock traded hands. The firm has a market cap of $2.25 billion, a PE ratio of 22.85 and a beta of 1.24. The firm has a 50 day moving average price of $40.71 and a 200-day moving average price of $36.89. NextEra Energy Partners, LP has a 12 month low of $23.90 and a 12 month high of $43.68.

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

In other NextEra Energy Partners, news, insider Armando Pimentel, Jr. purchased 5,000 shares of the business’s stock in a transaction on Friday, July 14th. The shares were purchased at an average cost of $38.23 per share, with a total value of $191,150.00. Following the transaction, the insider now directly owns 20,000 shares of the company’s stock, valued at approximately $764,600. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.46% of the company’s stock.

Several analysts recently issued reports on the company. Zacks Investment Research lowered NextEra Energy Partners, from a “hold” rating to a “sell” rating in a report on Friday, September 29th. Barclays PLC reiterated an “overweight” rating and set a $44.00 price objective (up from $39.00) on shares of NextEra Energy Partners, in a report on Thursday, August 31st. BidaskClub lowered NextEra Energy Partners, from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. ValuEngine lowered NextEra Energy Partners, from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, BMO Capital Markets increased their price objective on NextEra Energy Partners, from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $38.94.

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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.

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

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