Bank of Montreal Can grew its holdings in shares of Nextera Energy Partners LP (NYSE:NEP) by 411.4% in the 4th quarter, HoldingsChannel reports. The fund owned 67,500 shares of the solar energy provider’s stock after buying an additional 54,300 shares during the period. Bank of Montreal Can’s holdings in Nextera Energy Partners were worth $2,910,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NEP. Stratos Wealth Partners LTD. acquired a new position in Nextera Energy Partners during the third quarter worth about $203,000. Stephens Inc. AR acquired a new position in Nextera Energy Partners during the third quarter worth about $206,000. Cubist Systematic Strategies LLC acquired a new position in Nextera Energy Partners during the third quarter worth about $260,000. EP Wealth Advisors LLC acquired a new position in Nextera Energy Partners during the second quarter worth about $263,000. Finally, BNP Paribas Arbitrage SA raised its stake in Nextera Energy Partners by 66.7% during the third quarter. BNP Paribas Arbitrage SA now owns 8,000 shares of the solar energy provider’s stock worth $322,000 after acquiring an additional 3,200 shares in the last quarter. 84.74% of the stock is owned by hedge funds and other institutional investors.

NEP has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their target price on Nextera Energy Partners from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, October 12th. Bank of America reissued an “underperform” rating and set a $35.00 target price on shares of Nextera Energy Partners in a research note on Tuesday, October 24th. TheStreet downgraded Nextera Energy Partners from a “b” rating to a “c+” rating in a research note on Thursday, October 26th. Credit Suisse Group initiated coverage on Nextera Energy Partners in a research note on Thursday, December 7th. They set an “outperform” rating and a $44.00 target price for the company. Finally, Morgan Stanley raised Nextera Energy Partners from an “equal weight” rating to an “overweight” rating and set a $47.00 target price for the company in a research note on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $40.38.

Shares of Nextera Energy Partners LP (NYSE NEP) opened at $38.71 on Friday. The firm has a market capitalization of $2,100.00, a PE ratio of -32.26, a PEG ratio of 1.87 and a beta of 1.16. 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 LP has a twelve month low of $30.08 and a twelve month high of $45.38.

Nextera Energy Partners (NYSE:NEP) last released its quarterly earnings results on Friday, January 26th. The solar energy provider reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.07). The firm had revenue of $197.00 million for the quarter, compared to the consensus estimate of $251.41 million. Nextera Energy Partners had a positive return on equity of 1.70% and a negative net margin of 8.63%. During the same quarter last year, the firm posted ($0.23) earnings per share. research analysts anticipate that Nextera Energy Partners LP will post 1.97 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be issued a dividend of $0.405 per share. This is a boost from Nextera Energy Partners’s previous quarterly dividend of $0.39. This represents a $1.62 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Friday, February 2nd. Nextera Energy Partners’s payout ratio is -135.00%.

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Nextera Energy Partners Company 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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