Eaton Vance Management boosted its stake in NextEra Energy Partners, LP (NYSE:NEP) by 51.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 642,071 shares of the solar energy provider’s stock after purchasing an additional 217,787 shares during the quarter. Eaton Vance Management owned about 1.18% of NextEra Energy Partners, worth $23,750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC increased its holdings in NextEra Energy Partners, by 34.4% in the first quarter. Neuberger Berman Group LLC now owns 8,015,035 shares of the solar energy provider’s stock valued at $265,538,000 after purchasing an additional 2,050,427 shares during the last quarter. BlackRock Inc. increased its holdings in NextEra Energy Partners, by 11,623.3% in the first quarter. BlackRock Inc. now owns 2,968,450 shares of the solar energy provider’s stock valued at $98,346,000 after purchasing an additional 2,943,129 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in NextEra Energy Partners, by 3.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,778,945 shares of the solar energy provider’s stock valued at $92,067,000 after purchasing an additional 99,295 shares during the last quarter. Jennison Associates LLC increased its holdings in NextEra Energy Partners, by 3.0% in the second quarter. Jennison Associates LLC now owns 2,428,634 shares of the solar energy provider’s stock valued at $89,835,000 after purchasing an additional 70,719 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in 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 valued at $67,225,000 after purchasing an additional 315,649 shares during the last quarter. Institutional investors and hedge funds own 83.43% of the company’s stock.

In other news, EVP Mark E. Hickson bought 1,350 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was acquired at an average cost of $37.51 per share, with a total value of $50,638.50. Following the transaction, the executive vice president now directly owns 4,780 shares of the company’s stock, valued at approximately $179,297.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Armando Pimentel, Jr. bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was purchased at an average cost of $38.23 per share, with a total value of $191,150.00. Following the completion of the transaction, the insider now directly owns 20,000 shares in the company, valued at $764,600. The disclosure for this purchase can be found here. Insiders own 0.46% of the company’s stock.

NextEra Energy Partners, LP (NYSE NEP) opened at 42.10 on Friday. NextEra Energy Partners, LP has a 52-week low of $23.90 and a 52-week high of $43.40. The stock’s 50 day moving average price is $39.89 and its 200 day moving average price is $35.56. The firm has a market capitalization of $2.28 billion, a PE ratio of 23.18 and a beta of 1.26.

NextEra Energy Partners, (NYSE:NEP) last issued its earnings results on Wednesday, July 26th. The solar energy provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $204 million during the quarter, compared to the consensus estimate of $232.03 million. On average, analysts predict that NextEra Energy Partners, LP will post $1.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.61%. This is a positive change from NextEra Energy Partners,’s previous quarterly dividend of $0.37. The ex-dividend date was Thursday, August 3rd. NextEra Energy Partners,’s payout ratio is presently 76.38%.

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A number of equities research analysts recently commented on NEP shares. Vetr upgraded NextEra Energy Partners, from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Monday, May 15th. Barclays PLC reiterated an “overweight” rating and issued a $44.00 price objective (up previously from $39.00) on shares of NextEra Energy Partners, in a report on Thursday, August 31st. BidaskClub downgraded NextEra Energy Partners, from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Williams Capital started coverage on NextEra Energy Partners, in a report on Thursday, June 1st. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $42.00 price objective (up previously from $39.00) on shares of NextEra Energy Partners, in a report on Thursday, July 27th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.36.

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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