Two Sigma Advisers LP Buys New Holdings in Nextera Energy Partners LP (NYSE:NEP)

Two Sigma Advisers LP bought a new stake in shares of Nextera Energy Partners LP (NYSE:NEP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,300 shares of the solar energy provider’s stock, valued at approximately $573,000.

A number of other hedge funds also recently modified their holdings of NEP. Cypress Capital Management LLC WY purchased a new stake in Nextera Energy Partners in the 4th quarter worth approximately $51,000. Lindbrook Capital LLC bought a new position in shares of Nextera Energy Partners in the 4th quarter worth approximately $65,000. Bremer Trust National Association bought a new position in shares of Nextera Energy Partners in the 4th quarter worth approximately $79,000. IFP Advisors Inc raised its position in shares of Nextera Energy Partners by 42.0% in the 4th quarter. IFP Advisors Inc now owns 2,288 shares of the solar energy provider’s stock worth $95,000 after acquiring an additional 677 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Nextera Energy Partners in the 4th quarter worth approximately $105,000. Institutional investors own 82.47% of the company’s stock.

NEP stock traded up $0.15 on Friday, reaching $44.69. 265,749 shares of the company traded hands, compared to its average volume of 236,024. Nextera Energy Partners LP has a one year low of $39.35 and a one year high of $50.66. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.57. The firm has a market cap of $2.50 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 2.50 and a beta of 0.94.

Nextera Energy Partners (NYSE:NEP) last posted its quarterly earnings data on Tuesday, April 23rd. The solar energy provider reported ($0.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.90). Nextera Energy Partners had a net margin of 12.24% and a return on equity of 2.17%. The company had revenue of $177.00 million for the quarter, compared to the consensus estimate of $316.31 million. On average, research analysts expect that Nextera Energy Partners LP will post 1.98 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th will be given a dividend of $0.4825 per share. This represents a $1.93 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Monday, May 6th. This is a positive change from Nextera Energy Partners’s previous quarterly dividend of $0.47. Nextera Energy Partners’s dividend payout ratio (DPR) is 66.32%.

NEP has been the subject of several research reports. Goldman Sachs Group raised Nextera Energy Partners from a “neutral” rating to a “buy” rating and increased their target price for the stock from $45.00 to $49.00 in a research report on Sunday, March 31st. TheStreet raised Nextera Energy Partners from a “c+” rating to a “b-” rating in a research report on Monday, March 25th. Zacks Investment Research lowered Nextera Energy Partners from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Barclays lowered Nextera Energy Partners from an “overweight” rating to an “equal weight” rating and set a $49.00 target price for the company. in a research report on Thursday, March 7th. Finally, Macquarie raised Nextera Energy Partners from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $47.00 to $44.00 in a research report on Monday, February 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $48.28.

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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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