NextEra Energy Partners, LP (NEP) Holdings Reduced by Gabelli Funds LLC

Gabelli Funds LLC lowered its stake in NextEra Energy Partners, LP (NYSE:NEP) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,500 shares of the solar energy provider’s stock after selling 1,500 shares during the quarter. Gabelli Funds LLC owned about 0.13% of NextEra Energy Partners, worth $2,800,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NEP. BlackRock Inc. lifted its position 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 buying an additional 2,943,129 shares during the last quarter. Beach Investment Management LLC. lifted its position in shares of NextEra Energy Partners, by 1,005.7% during the second quarter. Beach Investment Management LLC. now owns 1,329,958 shares of the solar energy provider’s stock worth $49,195,000 after purchasing an additional 1,209,675 shares in the last quarter. Duff & Phelps Investment Management Co. acquired a new stake in shares of NextEra Energy Partners, during the second quarter worth about $28,000,000. Janus Henderson Group PLC acquired a new stake in shares of NextEra Energy Partners, during the second quarter worth about $17,150,000. Finally, Eaton Vance Management lifted its position in shares of NextEra Energy Partners, by 51.3% during the second quarter. Eaton Vance Management now owns 642,071 shares of the solar energy provider’s stock worth $23,750,000 after purchasing an additional 217,787 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors.

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NEP has been the topic of several research reports. Bank of America Corporation reissued an “underperform” rating and set a $35.00 price target on shares of NextEra Energy Partners, in a research report on Tuesday, October 24th. Barclays PLC reissued an “overweight” rating and set a $44.00 price target (up previously from $39.00) on shares of NextEra Energy Partners, in a research report on Thursday, August 31st. BidaskClub cut 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 set a $42.00 price target (up previously from $39.00) on shares of NextEra Energy Partners, in a research report on Thursday, July 27th. Finally, TheStreet cut shares of NextEra Energy Partners, from a “b” rating to a “c+” rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $39.11.

Shares of NextEra Energy Partners, LP (NYSE NEP) opened at $39.20 on Tuesday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 3.20 and a current ratio of 3.20. NextEra Energy Partners, LP has a one year low of $23.90 and a one year high of $44.00. The firm has a market cap of $2,082.15, a P/E ratio of 27.81, a P/E/G ratio of 2.83 and a beta of 1.22.

NextEra Energy Partners, (NYSE:NEP) last released its earnings results on Thursday, October 26th. The solar energy provider reported $0.01 earnings per share 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 firm had revenue of $177.00 million for the quarter, compared to analysts’ expectations of $243.16 million. analysts predict that NextEra Energy Partners, LP will post 1.03 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th will be paid a $0.3925 dividend. This is a positive change from NextEra Energy Partners,’s previous quarterly dividend of $0.38. This represents a $1.57 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Friday, November 3rd. NextEra Energy Partners,’s dividend payout ratio is currently 113.77%.

About NextEra Energy Partners,

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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