Trade Report: The 800 Shares of NextEra Energy Partners LP (NEP) are sold by California Public Employees Retirement System

The 800 Shares of NextEra Energy Partners LP (NEP) are sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in shares of NextEra Energy Partners LP (NYSE:NEP) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 45,100 shares of the company’s stock after selling 800 shares during the period. California Public Employees Retirement System owned about 0.11% of NextEra Energy Partners worth $1,370,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in NextEra Energy Partners by 2,439.2% in the first quarter. Royal Bank of Canada now owns 5,510 shares of the company’s stock valued at $150,000 after buying an additional 5,293 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in NextEra Energy Partners during the second quarter valued at about $355,000. Boston Common Asset Management LLC acquired a new stake in NextEra Energy Partners during the second quarter valued at about $386,000. Williams Jones & Associates LLC boosted its stake in NextEra Energy Partners by 6.9% in the first quarter. Williams Jones & Associates LLC now owns 15,500 shares of the company’s stock valued at $421,000 after buying an additional 1,000 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in NextEra Energy Partners by 86.7% in the first quarter. Meeder Asset Management Inc. now owns 16,809 shares of the company’s stock valued at $457,000 after buying an additional 7,807 shares during the last quarter. 68.24% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Partners LP (NYSE:NEP) traded down 0.56% during trading on Thursday, hitting $26.62. 76,220 shares of the stock traded hands. The firm has a 50-day moving average price of $28.64 and a 200 day moving average price of $28.97. NextEra Energy Partners LP has a 12 month low of $22.25 and a 12 month high of $32.42. The firm has a market cap of $1.13 billion, a PE ratio of 45.20 and a beta of 1.34.

NextEra Energy Partners (NYSE:NEP) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.14. The business earned $171 million during the quarter, compared to analyst estimates of $195.70 million. NextEra Energy Partners had a net margin of 3.28% and a return on equity of 1.12%. During the same quarter last year, the firm posted $0.16 EPS. On average, equities analysts forecast that NextEra Energy Partners LP will post $1.05 EPS for the current fiscal year.

Several research firms recently issued reports on NEP. Zacks Investment Research cut NextEra Energy Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. Oppenheimer Holdings Inc. began coverage on NextEra Energy Partners in a research note on Thursday, September 8th. They issued an “outperform” rating and a $34.00 target price on the stock. Barclays PLC reissued a “buy” rating and issued a $34.00 target price on shares of NextEra Energy Partners in a research note on Monday, September 12th. Finally, Avondale Partners cut NextEra Energy Partners from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.30.

About NextEra Energy Partners

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 approximately seven contracted natural gas pipeline assets.

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