Two Sigma Advisers LP purchased a new position in shares of Nextera Energy Partners LP (NYSE:NEP) in the fourth quarter, Holdings Channel reports. The fund purchased 13,300 shares of the solar energy provider’s stock, valued at approximately $573,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cypress Capital Management LLC WY bought a new stake in shares of Nextera Energy Partners during the fourth quarter worth approximately $51,000. Lindbrook Capital LLC bought a new stake in Nextera Energy Partners in the fourth quarter valued at approximately $65,000. Bremer Trust National Association bought a new stake in Nextera Energy Partners in the fourth quarter valued at approximately $79,000. IFP Advisors Inc increased its stake in Nextera Energy Partners by 42.0% in the fourth quarter. IFP Advisors Inc now owns 2,288 shares of the solar energy provider’s stock valued at $95,000 after purchasing an additional 677 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Nextera Energy Partners in the fourth quarter valued at approximately $105,000. 82.03% of the stock is owned by institutional investors and hedge funds.

Shares of NEP stock opened at $47.19 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.55. Nextera Energy Partners LP has a 12-month low of $39.35 and a 12-month high of $50.66. The firm has a market cap of $2.65 billion, a PE ratio of 16.22, a P/E/G ratio of 2.61 and a beta of 0.96.

Nextera Energy Partners (NYSE:NEP) last issued its quarterly earnings data on Friday, January 25th. The solar energy provider reported ($0.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.88). Nextera Energy Partners had a return on equity of 4.83% and a net margin of 23.25%. The company had revenue of $155.00 million for the quarter, compared to the consensus estimate of $276.40 million. During the same period in the prior year, the company earned $0.18 EPS. On average, research analysts anticipate that Nextera Energy Partners LP will post 2.04 EPS for the current fiscal year.

Several equities research analysts have commented on NEP shares. Barclays started coverage on shares of Nextera Energy Partners in a research note on Thursday, February 7th. They issued an “overweight” rating and a $49.00 target price for the company. Zacks Investment Research raised shares of Nextera Energy Partners from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Monday, December 31st. Macquarie raised shares of Nextera Energy Partners from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $47.00 to $44.00 in a research note on Monday, February 4th. TheStreet downgraded shares of Nextera Energy Partners from a “b-” rating to a “c+” rating in a research note on Friday, January 25th. Finally, ValuEngine raised shares of Nextera Energy Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. Nextera Energy Partners currently has a consensus rating of “Hold” and a consensus target price of $47.45.

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Nextera Energy Partners Profile

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind and solar projects with approximately 4,859 megawatts of capacity, as well as seven contracted natural gas pipeline assets.

Further Reading: Different Options Trading Strategies

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

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