NextEra Energy Partners, LP (NYSE:NEP) insider Armando Pimentel, Jr. acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The shares were acquired at an average cost of $38.23 per share, for a total transaction of $191,150.00. Following the completion of the acquisition, the insider now owns 20,000 shares of the company’s stock, valued at $764,600. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of NextEra Energy Partners, LP (NEP) opened at 39.60 on Tuesday. The firm has a market capitalization of $2.15 billion, a P/E ratio of 21.81 and a beta of 1.26. The stock’s 50 day moving average is $38.73 and its 200 day moving average is $34.44. NextEra Energy Partners, LP has a 1-year low of $23.90 and a 1-year high of $41.49.
NextEra Energy Partners, (NYSE:NEP) last posted its earnings results on Wednesday, July 26th. The solar energy provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.19. The company had revenue of $204 million during the quarter, compared to analysts’ expectations of $232.03 million. NextEra Energy Partners, had a net margin of 13.77% and a return on equity of 4.74%. Equities analysts predict that NextEra Energy Partners, LP will post $1.58 earnings per share for the current year.
The business 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 dividend yield of 3.84%. This is an increase from NextEra Energy Partners,’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, August 3rd. NextEra Energy Partners,’s dividend payout ratio (DPR) is 76.38%.
Several equities analysts recently issued reports on NEP shares. Vetr raised shares of NextEra Energy Partners, from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Monday, May 15th. Barclays PLC reaffirmed an “overweight” rating and issued a $39.00 price target (up from $34.00) on shares of NextEra Energy Partners, in a report on Sunday, April 23rd. BidaskClub lowered shares of NextEra Energy Partners, from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Williams Capital started coverage on shares of NextEra Energy Partners, in a report on Thursday, June 1st. They issued a “buy” rating and a $45.00 price target on the stock. Finally, Zacks Investment Research lowered shares of NextEra Energy Partners, from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $38.57.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 worth $117,000 after buying an additional 298 shares during the period. BNP Paribas Arbitrage SA bought a new position in NextEra Energy Partners, during the first quarter worth approximately $139,000. US Bancorp DE increased its position in 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 worth $155,000 after buying an additional 4,000 shares during the period. RiverPoint Capital Management LLC bought a new position in NextEra Energy Partners, during the second quarter worth approximately $213,000. Finally, Aveo Capital Partners LLC bought a new position in NextEra Energy Partners, during the first quarter worth approximately $202,000. 86.15% of the stock is currently owned by hedge funds and other institutional investors.
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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