Pineno Levin & Ford Asset Management Inc. reduced its stake in NextEra Energy Partners, LP (NYSE:NEP) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,398 shares of the solar energy provider’s stock after selling 600 shares during the period. Pineno Levin & Ford Asset Management Inc. owned about 0.15% of NextEra Energy Partners, worth $2,974,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meadow Creek Investment Management LLC boosted its position in shares of NextEra Energy Partners, by 148.2% in the first quarter. Meadow Creek Investment Management LLC now owns 39,060 shares of the solar energy provider’s stock worth $1,294,000 after buying an additional 23,324 shares in the last quarter. Swiss National Bank boosted its position in shares of NextEra Energy Partners, by 5.3% in the first quarter. Swiss National Bank now owns 89,400 shares of the solar energy provider’s stock worth $2,962,000 after buying an additional 4,500 shares in the last quarter. BNP Paribas Arbitrage SA purchased a new position in shares of NextEra Energy Partners, during the first quarter worth approximately $139,000. Bank of New York Mellon Corp boosted its position in shares of NextEra Energy Partners, by 18.4% in the first quarter. Bank of New York Mellon Corp now owns 2,029,099 shares of the solar energy provider’s stock worth $67,225,000 after buying an additional 315,649 shares in the last quarter. Finally, Elkfork Partners LLC boosted its position in shares of NextEra Energy Partners, by 148.2% in the first quarter. Elkfork Partners LLC now owns 30,690 shares of the solar energy provider’s stock worth $1,017,000 after buying an additional 18,326 shares in the last quarter. 85.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of NextEra Energy Partners, LP (NYSE:NEP) opened at 40.05 on Tuesday. NextEra Energy Partners, LP has a 1-year low of $23.90 and a 1-year high of $41.49. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 22.05 and a beta of 1.26. The company’s 50 day moving average price is $37.77 and its 200-day moving average price is $33.72.

NextEra Energy Partners, (NYSE:NEP) last released its earnings results on Wednesday, July 26th. The solar energy provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $204 million for the quarter, compared to analysts’ expectations of $232.03 million. On average, equities analysts forecast that NextEra Energy Partners, LP will post $1.58 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.80%. This is an increase from NextEra Energy Partners,’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, August 3rd. NextEra Energy Partners,’s payout ratio is presently 76.38%.

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A number of brokerages have recently commented on NEP. BidaskClub raised NextEra Energy Partners, from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. ValuEngine cut NextEra Energy Partners, from a “buy” rating to a “hold” rating in a research report on Friday. BMO Capital Markets upped their price target on NextEra Energy Partners, from $35.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Deutsche Bank AG reaffirmed 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, TheStreet raised NextEra Energy Partners, from a “c-” rating to a “b” rating in a research report on Wednesday, July 26th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. NextEra Energy Partners, currently has a consensus rating of “Buy” and a consensus price target of $38.57.

In other NextEra Energy Partners, news, EVP Mark E. Hickson acquired 1,350 shares of the stock in a transaction dated Wednesday, July 5th. The shares were acquired at an average cost of $37.51 per share, for a total transaction of $50,638.50. Following the completion of the transaction, the executive vice president now directly owns 4,780 shares of the company’s stock, valued at $179,297.80. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Armando Pimentel, Jr. acquired 5,000 shares of the stock in a transaction dated Friday, July 14th. The stock was acquired at an average price of $38.23 per share, for a total transaction of $191,150.00. Following the completion of the transaction, the insider now directly owns 20,000 shares of the company’s stock, valued at $764,600. The disclosure for this purchase can be found here. 0.46% of the stock is owned by insiders.

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.

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

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