California Public Employees Retirement System lifted its stake in NextEra Energy Partners, LP (NYSE:NEP) by 1.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 196,100 shares of the solar energy provider’s stock after buying an additional 3,700 shares during the quarter. California Public Employees Retirement System owned approximately 0.36% of NextEra Energy Partners, worth $7,254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NEP. BlackRock Inc. boosted its stake in shares of NextEra Energy Partners, by 11,623.3% in the first quarter. BlackRock Inc. now owns 2,968,450 shares of the solar energy provider’s stock worth $98,346,000 after buying an additional 2,943,129 shares during the last quarter. Beach Investment Management LLC. boosted its position in NextEra Energy Partners, by 1,005.7% during the second quarter. Beach Investment Management LLC. now owns 1,329,958 shares of the solar energy provider’s stock worth $49,195,000 after purchasing an additional 1,209,675 shares in the last quarter. Duff & Phelps Investment Management Co. purchased a new position in NextEra Energy Partners, during the second quarter worth approximately $28,000,000. Eaton Vance Management boosted its position in NextEra Energy Partners, by 51.3% during the second quarter. Eaton Vance Management now owns 642,071 shares of the solar energy provider’s stock worth $23,750,000 after purchasing an additional 217,787 shares in the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in NextEra Energy Partners, during the first quarter worth approximately $5,639,000. Hedge funds and other institutional investors own 83.43% of the company’s stock.

NextEra Energy Partners, (NYSE:NEP) last announced its quarterly earnings data on Wednesday, July 26th. The solar energy provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.19). NextEra Energy Partners, had a net margin of 13.77% and a return on equity of 4.74%. The business had revenue of $204.00 million during the quarter, compared to analysts’ expectations of $232.03 million.

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A number of equities analysts have issued reports on NEP shares. TheStreet upgraded NextEra Energy Partners, from a “c-” rating to a “b” rating in a research report on Wednesday, July 26th. BidaskClub downgraded NextEra Energy Partners, from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Vetr upgraded NextEra Energy Partners, from a “sell” rating to a “buy” rating and set a $40.37 price target on the stock in a research report on Thursday, June 22nd. Deutsche Bank AG reiterated a “buy” rating and set a $42.00 price target (up previously from $39.00) on shares of NextEra Energy Partners, in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $38.00 price target (up previously from $34.00) on shares of NextEra Energy Partners, in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $38.95.

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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