Fidelity Management & Research Co has recently announced that it has increased stake in NextEra Energy Partners LP (NYSE:NEP) by 19.58%. After grabbing 4.6 million shares, the institutional investor is now in possession of 0.75 million shares of the Utilities Company. The new investment brought the stake of investor firm to 4.93% having worth around $140.0 million. Moreover, ClearBridge Investments Ltd. increased its share by 1.4 million to have a control over 3.58 million shares. And Energy Income Partners LLC raised its holdings to 0.55 million shares by acquiring 2.82 million shares or 3.02% of the stake.
NextEra Energy Partners LP (NEP) concluded trading on Thursday at a closing price of $29.20, with 3.87 million shares of worth about $113.12 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -48.49% during that period and on Thursday, January 25 the price saw a gain of about 8.87%. Currently the company’s common shares owned by public are about 93.43M shares, out of which, 92.16M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 18 times over the past 12 months. They bought 35,590 shares in 12 of the transactions. In 6 selling transactions, insiders dumped 5,684 shares.
First Trust North American Energy, M&G, and Franklin Templeton Funds – ClearB are the top 3 mutual funds which are holding stakes in NextEra Energy Partners LP First Trust North American Energy is currently holding 1.65 million shares of worth totaling $50.16 million. The company recently came buying 0.0 shares which brought its stake up to 1.77% of the company’s outstanding shares. M&G bought 0.18 million shares, after which its hold over company’s outstanding shares expand to 1.63%, leaving 1.52 million shares with the mutual fund that have a worth of about $46.36 million. Franklin Templeton Funds – ClearB, after selling 1.36 million shares, have now control over 1.46% of the stake in the company. It holds -0.34 million shares of worth $41.34 million.
However, the stock later moved at a day high price of 29.92, or with a gain of 8.87%. Stock saw a price change of 9.69% in past 5 days and over the past one month there was a price change of -3.79%. Year-to-date (YTD), NEP shares are showing a performance of -3.98% which decreased to -61.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.17 but also hit the highest price of $75.74 during that period. The average intraday trading volume for NextEra Energy Partners LP shares is 1.83 million. The stock is currently trading 0.89% above its 20-day simple moving average (SMA20), while that difference is up 7.81% for SMA50 and it goes to -33.16% lower than SMA200.
Fidelity Management & Research Co acquired 4.6 million shares of NextEra Energy Partners LP having value of about $140.0 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 0.75 million shares in the company valued at close to $22012507.6, or have control over 19.58% stake in the company. NextEra Energy Partners LP (NYSE: NEP) currently have 93.43M outstanding shares and institutions hold larger chunk of about 77.38% of that. Holding of mutual funds in the company is about 26.70% while other institutional holders and individual stake holders have control over 52.58% and 0.50% of the stake respectively.
The stock has a current market capitalization of $2.73B and its 3Y-monthly beta is at 1.01. PE ratio of stock for trailing 12 months is 21.75, while it has posted earnings per share of $1.34 in the same period. It has Quick Ratio of 1.28 while making debt-to-equity ratio of 1.76. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NEP, volatility over the week remained 5.41% while standing at 3.94% over the month.
Analysts are in expectations that NextEra Energy Partners LP (NEP) stock would likely to be making an EPS of $0.16 in the current quarter, while forecast for next quarter EPS is $0.04 and it is $0.89 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.53 which is $0.74 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.4 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -45.14% while it is estimated to increase by 17.05% in next year.
