NextEra Energy Partners, LP (NEP) Stake Lessened by Tiverton Asset Management LLC

Tiverton Asset Management LLC lowered its stake in shares of NextEra Energy Partners, LP (NYSE:NEP) by 25.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,901 shares of the solar energy provider’s stock after selling 42,599 shares during the quarter. Tiverton Asset Management LLC owned about 0.24% of NextEra Energy Partners, worth $4,731,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of NextEra Energy Partners, by 10.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the solar energy provider’s stock valued at $117,000 after acquiring an additional 298 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new position in shares of NextEra Energy Partners, during the first quarter valued at about $139,000. US Bancorp DE increased its holdings in shares of NextEra Energy Partners, by 2,000.0% during the second quarter. US Bancorp DE now owns 4,200 shares of the solar energy provider’s stock valued at $155,000 after acquiring an additional 4,000 shares in the last quarter. RiverPoint Capital Management LLC acquired a new position in shares of NextEra Energy Partners, during the second quarter valued at about $213,000. Finally, Aveo Capital Partners LLC acquired a new position in shares of NextEra Energy Partners, during the first quarter valued at about $202,000. Hedge funds and other institutional investors own 83.43% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “NextEra Energy Partners, LP (NEP) Stake Lessened by Tiverton Asset Management LLC” was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2017/09/15/nextera-energy-partners-lp-nep-stake-lessened-by-tiverton-asset-management-llc.html.

In other news, EVP Mark E. Hickson purchased 1,350 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were bought at an average price of $37.51 per share, with a total value of $50,638.50. Following the completion of the transaction, the executive vice president now directly owns 4,780 shares in the company, valued at approximately $179,297.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Armando Pimentel, Jr. purchased 5,000 shares of the business’s stock in a transaction on Friday, July 14th. The shares were purchased at an average cost of $38.23 per share, for a total transaction of $191,150.00. Following the transaction, the insider now owns 20,000 shares of the company’s stock, valued at $764,600. The disclosure for this purchase can be found here. Insiders own 0.46% of the company’s stock.

Shares of NextEra Energy Partners, LP (NEP) traded up 0.535% during trading on Friday, reaching $42.295. 26,224 shares of the company traded hands. NextEra Energy Partners, LP has a 1-year low of $23.90 and a 1-year high of $43.40. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 23.290 and a beta of 1.26. The stock’s 50 day moving average is $40.20 and its 200 day moving average is $35.87.

NextEra Energy Partners, (NYSE:NEP) last released its quarterly earnings results on Wednesday, July 26th. The solar energy provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.19). The firm had revenue of $204.00 million for the quarter, compared to analyst estimates of $232.03 million. NextEra Energy Partners, had a return on equity of 4.74% and a net margin of 13.77%. On average, analysts forecast that NextEra Energy Partners, LP will post $1.44 EPS for the current year.

Several research firms have recently issued reports on NEP. BidaskClub upgraded shares of NextEra Energy Partners, from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. ValuEngine downgraded shares of NextEra Energy Partners, from a “buy” rating to a “hold” rating in a report on Friday, August 4th. BMO Capital Markets upped their price objective on shares of NextEra Energy Partners, from $35.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Barclays PLC restated an “overweight” rating and set a $44.00 price objective (up previously from $39.00) on shares of NextEra Energy Partners, in a report on Thursday, August 31st. Finally, TheStreet upgraded shares of NextEra Energy Partners, from a “c-” rating to a “b” rating in a report on Wednesday, July 26th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $39.36.

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)

Receive News & Ratings for NextEra Energy Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply