Natixis raised its stake in shares of Nextera Energy Partners LP (NYSE:NEP) by 35.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 82,527 shares of the solar energy provider’s stock after acquiring an additional 21,394 shares during the period. Natixis owned approximately 0.15% of Nextera Energy Partners worth $3,852,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Jennison Associates LLC raised its stake in Nextera Energy Partners by 1.9% during the 2nd quarter. Jennison Associates LLC now owns 2,364,375 shares of the solar energy provider’s stock valued at $110,345,000 after acquiring an additional 43,278 shares during the last quarter. Summit Trail Advisors LLC raised its stake in Nextera Energy Partners by 3,763.4% during the 1st quarter. Summit Trail Advisors LLC now owns 2,096,937 shares of the solar energy provider’s stock valued at $2,097,000 after acquiring an additional 2,042,660 shares during the last quarter. Eventide Asset Management LLC raised its stake in Nextera Energy Partners by 2.5% during the 1st quarter. Eventide Asset Management LLC now owns 802,200 shares of the solar energy provider’s stock valued at $32,080,000 after acquiring an additional 19,600 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its stake in shares of Nextera Energy Partners by 36.1% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 653,075 shares of the solar energy provider’s stock worth $26,103,000 after buying an additional 173,081 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of Nextera Energy Partners by 694.9% during the 2nd quarter. Raymond James & Associates now owns 514,192 shares of the solar energy provider’s stock worth $23,997,000 after buying an additional 449,505 shares in the last quarter. 83.68% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Nextera Energy Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 28th. TheStreet raised Nextera Energy Partners from a “c” rating to a “b-” rating in a research note on Wednesday, July 25th. Howard Weil reissued a “sector perform” rating on shares of Nextera Energy Partners in a research note on Tuesday, July 24th. Guggenheim reissued a “buy” rating and set a $50.00 target price on shares of Nextera Energy Partners in a research note on Monday, July 23rd. Finally, ValuEngine downgraded Nextera Energy Partners from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $45.50.

Shares of NEP stock opened at $48.55 on Monday. The company has a market cap of $2.69 billion, a PE ratio of 73.56, a price-to-earnings-growth ratio of 1.99 and a beta of 1.19. Nextera Energy Partners LP has a 12-month low of $36.42 and a 12-month high of $50.66. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.05.

Nextera Energy Partners (NYSE:NEP) last issued its earnings results on Wednesday, July 25th. The solar energy provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.95. The business had revenue of $225.00 million during the quarter, compared to the consensus estimate of $278.31 million. Nextera Energy Partners had a return on equity of 6.86% and a net margin of 8.88%. equities research analysts expect that Nextera Energy Partners LP will post 2.77 earnings per share for the current year.

Nextera Energy Partners Company Profile

NextEra Energy Partners, LP acquires, owns, and operates contracted clean energy projects in the United States and Canada. It owns a portfolio of contracted renewable generation assets consisting of wind and solar projects with approximately 3,867 megawatts of capacity, as well as seven contracted natural gas pipeline assets.

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

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