Citigroup Inc. raised its holdings in NextEra Energy Partners, LP (NYSE:NEP) by 1,038.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,619 shares of the solar energy provider’s stock after purchasing an additional 16,071 shares during the period. Citigroup Inc.’s holdings in NextEra Energy Partners, were worth $651,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased 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 in the last quarter. BNP Paribas Arbitrage SA purchased a new position in shares of NextEra Energy Partners, in the first quarter worth about $139,000. US Bancorp DE increased its stake in shares of 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 purchasing an additional 4,000 shares in the last quarter. RiverPoint Capital Management LLC purchased a new position in shares of NextEra Energy Partners, in the second quarter worth about $213,000. Finally, Aveo Capital Partners LLC purchased a new position in shares of NextEra Energy Partners, in the first quarter worth about $202,000. Hedge funds and other institutional investors own 83.43% of the company’s stock.

NextEra Energy Partners, LP (NYSE NEP) opened at 42.20 on Wednesday. NextEra Energy Partners, LP has a 52 week low of $23.90 and a 52 week high of $43.68. The company’s 50-day moving average is $40.97 and its 200 day moving average is $37.17. The stock has a market cap of $2.29 billion, a PE ratio of 23.24 and a beta of 1.24.

NextEra Energy Partners, (NYSE:NEP) last issued its quarterly earnings data on Wednesday, July 26th. The solar energy provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.19). The business had revenue of $204.00 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%. On average, analysts expect that NextEra Energy Partners, LP will post $1.44 earnings per share for the current fiscal year.

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Several equities analysts have recently weighed in on the stock. ValuEngine downgraded shares of NextEra Energy Partners, from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Royal Bank Of Canada reiterated a “hold” rating and issued a $39.00 target price on shares of NextEra Energy Partners, in a research note on Tuesday. Zacks Investment Research downgraded shares of NextEra Energy Partners, from a “hold” rating to a “sell” rating in a research note on Friday, September 29th. BMO Capital Markets lifted their target price on shares of NextEra Energy Partners, from $35.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Finally, TheStreet upgraded shares of NextEra Energy Partners, from a “c-” rating to a “b” rating in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. NextEra Energy Partners, currently has a consensus rating of “Buy” and an average target price of $39.03.

In other news, insider Armando Pimentel, Jr. bought 5,000 shares of NextEra Energy Partners, stock in a transaction that occurred on 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 acquisition, the insider now owns 20,000 shares of the company’s stock, valued at approximately $764,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

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.

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

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