NextEra Energy Partners (NYSE:NEP) announced its quarterly earnings data on Tuesday. The solar energy provider reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.81, Morningstar.com reports. NextEra Energy Partners had a negative net margin of 8.63% and a positive return on equity of 1.80%. The company had revenue of $212.00 million for the quarter, compared to the consensus estimate of $273.98 million.
NYSE:NEP traded up $0.23 during trading hours on Wednesday, reaching $40.82. 109,021 shares of the company’s stock were exchanged, compared to its average volume of 269,381. The stock has a market cap of $2,190.11, a P/E ratio of 62.02, a P/E/G ratio of 1.84 and a beta of 1.21. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.44 and a quick ratio of 1.44. NextEra Energy Partners has a 1-year low of $32.90 and a 1-year high of $45.38.
A number of large investors have recently modified their holdings of the stock. Millennium Management LLC boosted its stake in NextEra Energy Partners by 19.0% during the 4th quarter. Millennium Management LLC now owns 170,089 shares of the solar energy provider’s stock worth $7,333,000 after purchasing an additional 27,189 shares during the period. Teachers Advisors LLC boosted its stake in NextEra Energy Partners by 181.3% during the 4th quarter. Teachers Advisors LLC now owns 2,757 shares of the solar energy provider’s stock worth $119,000 after purchasing an additional 1,777 shares during the period. Raymond James & Associates boosted its stake in NextEra Energy Partners by 9.6% during the 4th quarter. Raymond James & Associates now owns 56,816 shares of the solar energy provider’s stock worth $2,449,000 after purchasing an additional 4,974 shares during the period. HBK Investments L P boosted its stake in NextEra Energy Partners by 34.4% during the 4th quarter. HBK Investments L P now owns 12,498 shares of the solar energy provider’s stock worth $539,000 after purchasing an additional 3,198 shares during the period. Finally, Two Sigma Investments LP boosted its stake in NextEra Energy Partners by 108.1% during the 4th quarter. Two Sigma Investments LP now owns 32,677 shares of the solar energy provider’s stock worth $1,409,000 after purchasing an additional 16,971 shares during the period. Hedge funds and other institutional investors own 83.17% of the company’s stock.
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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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