Cypress Asset Management Inc. TX Takes Position in NextEra Energy Partners, LP (NEP)

Cypress Asset Management Inc. TX bought a new stake in NextEra Energy Partners, LP (NYSE:NEP) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,900 shares of the solar energy provider’s stock, valued at approximately $359,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NEP. BlackRock Inc. lifted its stake in NextEra Energy Partners, by 11,623.3% in the first quarter. BlackRock Inc. now owns 2,968,450 shares of the solar energy provider’s stock valued at $98,346,000 after acquiring an additional 2,943,129 shares during the last quarter. Beach Investment Management LLC. lifted its stake in NextEra Energy Partners, by 1,005.7% in the second quarter. Beach Investment Management LLC. now owns 1,329,958 shares of the solar energy provider’s stock valued at $49,195,000 after acquiring an additional 1,209,675 shares during the last quarter. Duff & Phelps Investment Management Co. acquired a new stake in NextEra Energy Partners, in the second quarter valued at approximately $28,000,000. Janus Henderson Group PLC acquired a new stake in NextEra Energy Partners, in the second quarter valued at approximately $17,150,000. Finally, Eaton Vance Management lifted its stake in NextEra Energy Partners, by 51.3% in the second quarter. Eaton Vance Management now owns 642,071 shares of the solar energy provider’s stock valued at $23,750,000 after acquiring an additional 217,787 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

A number of research firms have recently commented on NEP. ValuEngine lowered shares of NextEra Energy Partners, from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub lowered shares of NextEra Energy Partners, from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Deutsche Bank AG reissued a “buy” rating and issued a $42.00 price target (up previously from $39.00) on shares of NextEra Energy Partners, in a research report on Thursday, July 27th. Zacks Investment Research lowered shares of NextEra Energy Partners, from a “hold” rating to a “sell” rating in a research report on Friday, September 29th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $39.00 price target on shares of NextEra Energy Partners, in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $39.11.

Shares of NextEra Energy Partners, LP (NYSE NEP) traded down $0.66 during mid-day trading on Monday, reaching $39.12. 97,300 shares of the company were exchanged, compared to its average volume of 279,458. NextEra Energy Partners, LP has a fifty-two week low of $23.90 and a fifty-two week high of $44.00. The company has a market capitalization of $2,122.30, a price-to-earnings ratio of 28.35, a P/E/G ratio of 3.54 and a beta of 1.22. The company has a debt-to-equity ratio of 2.04, a current ratio of 3.20 and a quick ratio of 3.20.

NextEra Energy Partners, (NYSE:NEP) last announced its 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). NextEra Energy Partners, had a return on equity of 3.57% and a net margin of 10.38%. The company had revenue of $177.00 million for the quarter, compared to the consensus estimate of $243.16 million. equities analysts anticipate that NextEra Energy Partners, LP will post 1.03 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Monday, November 6th were given a dividend of $0.3925 per share. The ex-dividend date was Friday, November 3rd. This represents a $1.57 dividend on an annualized basis and a yield of 4.01%. This is a positive change from NextEra Energy Partners,’s previous quarterly dividend of $0.38. NextEra Energy Partners,’s payout ratio is 113.77%.

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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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