In a strikingly simultaneous insider trade, eight insiders at Nextera Energy Partners LP (NYSE:NEP) purchased company shares yesterday. The acquisitions overall ranged between 2,500 and 73,576 shares, with five insiders purchasing sums in the larger figures. Such was the case with James Robo, the company’s Chairman and Chief Executive Officer of Gp, who acquired 73,576 shares for a price of $25.00 per share.
Treasurer and Assistant Secretary, Paul Cutler, bought 24,525 shares, while the Chief Financial Officer of Gp, Moray Dewhurst purchased 25,000. Furthermore, General Counsel, Charles Sieving bought 23,358 shares and the President of Gp at the $3.2 billion market cap energy firm, Armando Pimentel bought 10,000 shares of Common Units Representing Limited Partner Interests. Some of the smaller acquisitions included Directors Robert Byrne and Peter Kind, who bought 3,800 and 2,500 shares of Common Units Representing Limited Partner Interests, respectively, paying $25.00 per share
All acquisitions were made directly, with the only prior insider trade being executed by James Robo on Monday, when he purchased 70,000 shares of Common Units Representing Limited Partner Interests and paid $32.55 per share.