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Top Buys by Top Brass: President of GP Pimentel Jr.'s $191.2K Bet on NEP

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money - maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $191.2K by Armando Pimentel Jr., President of GP at NextEra Energy Partners LP (Symbol: NEP).

Purchased Insider Title Shares Price/Share Value
07/14/2017 Armando Pimentel Jr. President of GP 5,000 $38.23 $191,150.00

Pimentel Jr.'s average cost works out to $38.23/share. Shares of NextEra Energy Partners LP were changing hands at $38.47 at last check, trading down about 0.1% on Tuesday. The chart below shows the one year performance of NEP shares, versus its 200 day moving average:

NextEra Energy Partners LP Chart

Looking at the chart above, NEP's low point in its 52 week range is $23.90 per share, with $39.83 as the 52 week high point - that compares with a last trade of $38.47.

The current annualized dividend paid by NextEra Energy Partners LP is $1.46/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 05/04/2017. Below is a long-term dividend history chart for NEP, which can be of good help in judging whether the most recent dividend with approx. 3.8% annualized yield is likely to continue.

NEP+Dividend+History+Chart

According to the ETF Finder at ETF Channel, NEP makes up 12.76% of the YieldCo Index ETF (Symbol: YLCO) which is trading higher by about 0.3% on the day Tuesday.

Click here to find out which other top insider buys by the ''top brass'' you need to know about »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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