Nextera Energy Partners LP (NEP) Shares Bought by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC grew its stake in Nextera Energy Partners LP (NYSE:NEP) by 286.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 966 shares of the solar energy provider’s stock after purchasing an additional 716 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Nextera Energy Partners were worth $45,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC grew its position in shares of Nextera Energy Partners by 20.2% in the fourth quarter. FMR LLC now owns 1,477,258 shares of the solar energy provider’s stock valued at $63,596,000 after purchasing an additional 248,216 shares during the period. Ecofin Ltd. grew its position in shares of Nextera Energy Partners by 46.4% in the fourth quarter. Ecofin Ltd. now owns 287,405 shares of the solar energy provider’s stock valued at $12,373,000 after purchasing an additional 91,070 shares during the period. Nordea Investment Management AB grew its position in shares of Nextera Energy Partners by 5.8% in the fourth quarter. Nordea Investment Management AB now owns 104,283 shares of the solar energy provider’s stock valued at $4,489,000 after purchasing an additional 5,678 shares during the period. Millennium Management LLC grew its position in shares of Nextera Energy Partners by 5.2% in the fourth quarter. Millennium Management LLC now owns 135,372 shares of the solar energy provider’s stock valued at $5,828,000 after purchasing an additional 6,697 shares during the period. Finally, Legal & General Group Plc grew its position in shares of Nextera Energy Partners by 136.2% in the fourth quarter. Legal & General Group Plc now owns 1,424 shares of the solar energy provider’s stock valued at $61,000 after purchasing an additional 821 shares during the period. Institutional investors and hedge funds own 82.03% of the company’s stock.

NEP opened at $47.19 on Monday. The stock has a market cap of $2.65 billion, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 2.53 and a beta of 0.96. Nextera Energy Partners LP has a twelve month low of $39.35 and a twelve month high of $50.66. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.55.

Nextera Energy Partners (NYSE:NEP) last posted its quarterly earnings results on Friday, January 25th. The solar energy provider reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.88). The business had revenue of $155.00 million for the quarter, compared to analyst estimates of $276.40 million. Nextera Energy Partners had a return on equity of 4.83% and a net margin of 23.25%. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Equities analysts predict that Nextera Energy Partners LP will post 2.07 EPS for the current year.

Several analysts have recently issued reports on NEP shares. Macquarie upgraded shares of Nextera Energy Partners from a “neutral” rating to an “outperform” rating and dropped their target price for the company from $47.00 to $44.00 in a research report on Monday, February 4th. Barclays assumed coverage on shares of Nextera Energy Partners in a research report on Thursday, February 7th. They set an “overweight” rating and a $49.00 price target on the stock. TheStreet lowered shares of Nextera Energy Partners from a “b-” rating to a “c+” rating in a research report on Friday, January 25th. Goldman Sachs Group upgraded shares of Nextera Energy Partners from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $45.00 to $49.00 in a research report on Sunday, March 31st. Finally, ValuEngine upgraded shares of Nextera Energy Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $47.45.

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Nextera Energy Partners Profile

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind and solar projects with approximately 4,859 megawatts of capacity, as well as seven contracted natural gas pipeline assets.

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Institutional Ownership by Quarter for Nextera Energy Partners (NYSE:NEP)

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