Beach Investment Counsel Inc. PA boosted its position in shares of NextEra Energy Partners, LP (NYSE:NEP) by 0.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,331,380 shares of the solar energy provider’s stock after buying an additional 1,422 shares during the quarter. NextEra Energy Partners, makes up 5.6% of Beach Investment Counsel Inc. PA’s holdings, making the stock its 2nd biggest position. Beach Investment Counsel Inc. PA owned about 2.45% of NextEra Energy Partners, worth $53,641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 valued at $117,000 after purchasing an additional 298 shares during the period. US Bancorp DE grew its position in shares of NextEra Energy Partners, by 2,000.0% in the second quarter. US Bancorp DE now owns 4,200 shares of the solar energy provider’s stock valued at $155,000 after purchasing an additional 4,000 shares during the period. BNP Paribas Arbitrage SA grew its position 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 valued at $178,000 after purchasing an additional 600 shares during the period. RiverPoint Capital Management LLC acquired a new stake in shares of NextEra Energy Partners, in the second quarter valued at about $213,000. Finally, Gilman Hill Asset Management LLC acquired a new stake in shares of NextEra Energy Partners, in the second quarter valued at about $259,000. Institutional investors and hedge funds own 83.37% of the company’s stock.

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Several brokerages have recently issued reports on NEP. TheStreet upgraded shares of NextEra Energy Partners, from a “c-” rating to a “b” rating in a research report on Wednesday, July 26th. Deutsche Bank AG reiterated a “buy” rating and issued a $42.00 target price (up previously from $39.00) on shares of NextEra Energy Partners, in a research report on Thursday, July 27th. Royal Bank Of Canada reiterated a “hold” rating and issued a $39.00 target price on shares of NextEra Energy Partners, in a research report on Tuesday, October 10th. Barclays PLC reiterated an “overweight” rating and issued a $44.00 target price (up previously from $39.00) on shares of NextEra Energy Partners, in a research report on Thursday, August 31st. Finally, ValuEngine lowered shares of NextEra Energy Partners, from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $38.64.

NextEra Energy Partners, LP (NYSE:NEP) traded up 0.31% during trading on Tuesday, reaching $39.38. 118,649 shares of the company were exchanged. The stock has a 50 day moving average price of $41.26 and a 200 day moving average price of $38.01. NextEra Energy Partners, LP has a 12 month low of $23.90 and a 12 month high of $44.00. The firm has a market capitalization of $2.14 billion, a PE ratio of 21.69 and a beta of 1.24.

NextEra Energy Partners, (NYSE:NEP) last announced its quarterly earnings results on Thursday, October 26th. The solar energy provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.36). The company had revenue of $177.00 million during the quarter, compared to analysts’ expectations of $243.16 million. NextEra Energy Partners, had a net margin of 10.38% and a return on equity of 3.55%. On average, analysts expect that NextEra Energy Partners, LP will post $1.09 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Monday, November 6th will be paid a $0.3925 dividend. This represents a $1.57 dividend on an annualized basis and a yield of 4.00%. This is a boost from NextEra Energy Partners,’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, November 3rd. NextEra Energy Partners,’s dividend payout ratio is presently 110.15%.

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.

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

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