Janus Henderson Group PLC Sells 35,507 Shares of NextEra Energy Partners, LP (NEP)

Janus Henderson Group PLC reduced its stake in NextEra Energy Partners, LP (NYSE:NEP) by 7.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 428,134 shares of the solar energy provider’s stock after selling 35,507 shares during the quarter. Janus Henderson Group PLC owned about 0.79% of NextEra Energy Partners worth $17,250,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 valued at $117,000 after acquiring an additional 298 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of NextEra Energy Partners by 3.7% in the second quarter. Schroder Investment Management Group now owns 10,129 shares of the solar energy provider’s stock valued at $380,000 after acquiring an additional 366 shares in the last quarter. Roosevelt Investment Group Inc. lifted its position in shares of NextEra Energy Partners by 1.9% in the second quarter. Roosevelt Investment Group Inc. now owns 26,988 shares of the solar energy provider’s stock valued at $998,000 after acquiring an additional 500 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of NextEra Energy Partners by 14.3% in the second quarter. BNP Paribas Arbitrage SA now owns 4,800 shares of the solar energy provider’s stock valued at $178,000 after acquiring an additional 600 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of NextEra Energy Partners by 19.8% in the second quarter. Northern Trust Corp now owns 19,048 shares of the solar energy provider’s stock valued at $705,000 after acquiring an additional 3,154 shares in the last quarter. Institutional investors and hedge funds own 83.49% of the company’s stock.

Several equities analysts recently weighed in on the company. Bank of America reiterated an “underperform” rating and set a $35.00 target price on shares of NextEra Energy Partners in a research report on Tuesday, October 24th. Barclays reiterated an “overweight” rating and set a $44.00 target price (up from $39.00) on shares of NextEra Energy Partners in a research report on Thursday, August 31st. Credit Suisse Group assumed coverage on NextEra Energy Partners in a research report on Thursday, December 7th. They set an “outperform” rating and a $44.00 target price on the stock. TheStreet downgraded NextEra Energy Partners from a “b” rating to a “c+” rating in a research report on Thursday, October 26th. Finally, Morgan Stanley upgraded NextEra Energy Partners from an “equal weight” rating to an “overweight” rating and set a $47.00 target price on the stock in a research report on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $40.03.

NextEra Energy Partners, LP (NEP) opened at $41.34 on Friday. NextEra Energy Partners, LP has a 12-month low of $24.90 and a 12-month high of $44.00. The firm has a market capitalization of $2,240.00, a PE ratio of 33.07, a P/E/G ratio of 4.24 and a beta of 1.19. The company has a debt-to-equity ratio of 2.04, a quick ratio of 3.20 and a current ratio of 3.20.

NextEra Energy Partners (NYSE:NEP) last released its quarterly earnings data on Thursday, October 26th. The solar energy provider reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.36). The firm had revenue of $177.00 million during the quarter, compared to analysts’ expectations of $243.16 million. NextEra Energy Partners had a return on equity of 3.57% and a net margin of 10.38%. analysts predict that NextEra Energy Partners, LP will post 0.91 EPS for the current fiscal year.

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About NextEra Energy Partners

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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