Global X MANAGEMENT CO LLC Has $1.07 Million Holdings in NextEra Energy Partners, LP (NEP)

Global X MANAGEMENT CO LLC boosted its holdings in shares of NextEra Energy Partners, LP (NYSE:NEP) by 50.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,607 shares of the solar energy provider’s stock after purchasing an additional 8,903 shares during the period. Global X MANAGEMENT CO LLC’s holdings in NextEra Energy Partners, were worth $1,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of NextEra Energy Partners, by 10.4% in 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 during the last quarter. US Bancorp DE raised its stake in shares of NextEra Energy Partners, by 2,000.0% in 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 during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of NextEra Energy Partners, by 14.3% in the second quarter. BNP Paribas Arbitrage SA now owns 4,800 shares of the solar energy provider’s stock valued at $178,000 after acquiring an additional 600 shares during the last quarter. RiverPoint Capital Management LLC bought a new position in shares of NextEra Energy Partners, in the second quarter valued at approximately $213,000. Finally, Gilman Hill Asset Management LLC bought a new position in shares of NextEra Energy Partners, in the second quarter valued at approximately $259,000. Hedge funds and other institutional investors own 82.09% of the company’s stock.

NEP has been the subject of a number of research reports. Royal Bank Of Canada reissued a “hold” rating and issued a $39.00 price target on shares of NextEra Energy Partners, in a report on Tuesday, October 10th. J P Morgan Chase & Co lowered their price target on shares of NextEra Energy Partners, from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 12th. Bank of America Corporation reissued an “underperform” rating and issued a $35.00 price target on shares of NextEra Energy Partners, in a report on Tuesday, October 24th. BidaskClub raised shares of NextEra Energy Partners, from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Finally, ValuEngine lowered shares of NextEra Energy Partners, from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Two 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. NextEra Energy Partners, presently has an average rating of “Hold” and a consensus price target of $39.11.

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Shares of NextEra Energy Partners, LP (NYSE:NEP) opened at $39.55 on Thursday. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 2.04. 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 cap of $2,129.89, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 3.55 and a beta of 1.22.

NextEra Energy Partners, (NYSE:NEP) last announced its quarterly earnings results on Thursday, October 26th. The solar energy provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.36). NextEra Energy Partners, had a net margin of 10.38% and a return on equity of 3.57%. The firm had revenue of $177.00 million during the quarter, compared to analyst estimates of $243.16 million. equities analysts forecast that NextEra Energy Partners, LP will post 1.03 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th were issued a $0.3925 dividend. This is a positive change from NextEra Energy Partners,’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, November 3rd. This represents a $1.57 annualized dividend and a dividend yield of 3.97%. NextEra Energy Partners,’s payout ratio is 113.77%.

NextEra Energy Partners, 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)

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