Lehman Financial Resources Inc. reduced its stake in shares of NextEra Energy Partners, LP (NYSE:NEP) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 497,921 shares of the solar energy provider’s stock after selling 10,882 shares during the period. NextEra Energy Partners, accounts for approximately 10.2% of Lehman Financial Resources Inc.’s portfolio, making the stock its 2nd biggest holding. Lehman Financial Resources Inc. owned 0.92% of NextEra Energy Partners, worth $20,061,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its stake in shares of NextEra Energy Partners, by 9.9% in the second quarter. BlackRock Inc. now owns 3,262,280 shares of the solar energy provider’s stock worth $120,672,000 after purchasing an additional 293,830 shares during the period. Jennison Associates LLC increased its stake in shares of NextEra Energy Partners, by 2.7% in the third quarter. Jennison Associates LLC now owns 2,493,394 shares of the solar energy provider’s stock worth $100,459,000 after purchasing an additional 64,760 shares during the period. FMR LLC increased its stake in shares of NextEra Energy Partners, by 9.3% in the second quarter. FMR LLC now owns 1,816,194 shares of the solar energy provider’s stock worth $67,181,000 after purchasing an additional 154,700 shares during the period. Beach Investment Management LLC. increased its stake in shares of NextEra Energy Partners, by 1,005.7% in 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 during the period. Finally, Duff & Phelps Investment Management Co. bought a new position in shares of NextEra Energy Partners, in the second quarter worth about $28,000,000. Institutional investors and hedge funds own 83.03% of the company’s stock.

NextEra Energy Partners, LP (NEP) traded down $0.03 during mid-day trading on Friday, reaching $38.38. The company had a trading volume of 100,900 shares, compared to its average volume of 337,963. NextEra Energy Partners, LP has a fifty-two week low of $23.90 and a fifty-two week high of $44.00. The firm has a market capitalization of $2,082.15, a P/E ratio of 27.81, a PEG ratio of 2.83 and a beta of 1.22. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 2.04.

NextEra Energy Partners, (NYSE:NEP) last released its earnings results on Thursday, October 26th. The solar energy provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.36). NextEra Energy Partners, had a return on equity of 3.57% and a net margin of 10.38%. The firm had revenue of $177.00 million for the quarter, compared to analyst estimates of $243.16 million. research analysts predict that NextEra Energy Partners, LP will post 1.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th will be issued a dividend of $0.3925 per share. This represents a $1.57 dividend on an annualized basis and a yield of 4.09%. This is an increase from NextEra Energy Partners,’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, November 3rd. NextEra Energy Partners,’s payout ratio is presently 113.77%.

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A number of research firms have recently commented on NEP. Royal Bank Of Canada reiterated a “hold” rating and issued a $39.00 price objective on shares of NextEra Energy Partners, in a research note on Tuesday, October 10th. J P Morgan Chase & Co dropped their price objective on NextEra Energy Partners, from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, October 12th. Bank of America Corporation reiterated an “underperform” rating and issued a $35.00 price objective on shares of NextEra Energy Partners, in a research note on Tuesday, October 24th. BidaskClub upgraded NextEra Energy Partners, from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. Finally, ValuEngine lowered NextEra Energy Partners, from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. NextEra Energy Partners, currently has a consensus rating of “Hold” and a consensus target price of $39.11.

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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