NextEra Energy Partners, LP (NYSE:NEP) insider Armando Pimentel, Jr. bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were purchased at an average cost of $38.23 per share, with a total value of $191,150.00. Following the acquisition, the insider now directly owns 20,000 shares of the company’s stock, valued at $764,600. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NextEra Energy Partners, LP (NEP) traded up 0.65% on Monday, reaching $38.50. The company’s stock had a trading volume of 86,082 shares. The stock has a 50-day moving average price of $35.15 and a 200-day moving average price of $31.62. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 21.07 and a beta of 1.23. NextEra Energy Partners, LP has a 1-year low of $23.90 and a 1-year high of $39.83.

NextEra Energy Partners, (NYSE:NEP) last posted its quarterly earnings data on Friday, April 21st. The solar energy provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by $0.18. NextEra Energy Partners, had a return on equity of 4.69% and a net margin of 13.70%. The company had revenue of $175 million for the quarter, compared to analyst estimates of $232.06 million. During the same period in the previous year, the business posted $0.14 earnings per share. On average, equities research analysts forecast that NextEra Energy Partners, LP will post $1.40 EPS for the current year.

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Hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA bought a new stake in NextEra Energy Partners, during the first quarter worth $139,000. Aveo Capital Partners LLC bought a new stake in NextEra Energy Partners, during the first quarter worth $202,000. Venturi Wealth Management LLC bought a new stake in NextEra Energy Partners, during the first quarter worth $207,000. Osborn Williams & Donohoe LLC bought a new stake in NextEra Energy Partners, during the first quarter worth $248,000. Finally, Adell Harriman & Carpenter Inc. bought a new stake in NextEra Energy Partners, during the first quarter worth $326,000. 85.59% of the stock is owned by institutional investors.

A number of research firms recently commented on NEP. Royal Bank Of Canada reaffirmed a “hold” rating and set a $38.00 target price (up previously from $34.00) on shares of NextEra Energy Partners, in a report on Friday, July 7th. BidaskClub downgraded NextEra Energy Partners, from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research raised NextEra Energy Partners, from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Wednesday, June 28th. Vetr raised NextEra Energy Partners, from a “sell” rating to a “buy” rating and set a $40.37 price target for the company in a report on Thursday, June 22nd. Finally, Williams Capital started coverage on NextEra Energy Partners, in a report on Thursday, June 1st. They issued a “buy” rating and a $45.00 price target for the company. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $37.45.

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.

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