NextEra Energy Partners, LP (NEP) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its stake in shares of NextEra Energy Partners, LP (NYSE:NEP) by 58.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,650 shares of the solar energy provider’s stock after buying an additional 9,431 shares during the period. Ameriprise Financial Inc.’s holdings in NextEra Energy Partners were worth $1,036,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its stake 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 worth $178,000 after purchasing an additional 600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew 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 during the last quarter. JPMorgan Chase & Co. grew its stake in shares of NextEra Energy Partners by 7.0% in the second quarter. JPMorgan Chase & Co. now owns 120,524 shares of the solar energy provider’s stock worth $4,457,000 after purchasing an additional 7,833 shares during the last quarter. Schroder Investment Management Group grew its stake 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 worth $380,000 after purchasing an additional 366 shares during the last quarter. Finally, BlackRock Inc. grew 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 last quarter. Institutional investors own 83.49% of the company’s stock.

Shares of NextEra Energy Partners, LP (NEP) opened at $40.18 on Friday. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 2.04. The company has a market cap of $2,160.00, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 2.04 and a beta of 1.20. NextEra Energy Partners, LP has a 1 year low of $26.97 and a 1 year high of $44.24.

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

Several analysts recently weighed in on the stock. Guggenheim assumed coverage on shares of NextEra Energy Partners in a research note on Tuesday, January 2nd. They issued a “buy” rating and a $45.00 price objective on the stock. Royal Bank of Canada reissued a “hold” rating and issued a $39.00 price objective on shares of NextEra Energy Partners in a research note on Tuesday, October 10th. JPMorgan Chase & Co. reduced their price objective on shares of 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 reissued an “underperform” rating and issued a $35.00 price objective on shares of NextEra Energy Partners in a research note on Tuesday, October 24th. Finally, Zacks Investment Research cut shares of NextEra Energy Partners from a “hold” rating to a “sell” rating in a research note on Friday, September 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $40.38.

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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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