NextEra Energy Partners, LP (NYSE:NEP) Shares Purchased by FNY Investment Advisers LLC

FNY Investment Advisers LLC grew its position in shares of NextEra Energy Partners, LP (NYSE:NEP) by 309.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 23,022 shares of the solar energy provider’s stock after buying an additional 17,402 shares during the quarter. FNY Investment Advisers LLC’s holdings in NextEra Energy Partners were worth $409,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in NEP. M&G PLC grew its stake in NextEra Energy Partners by 19.3% during the 3rd quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider’s stock worth $85,738,000 after buying an additional 496,383 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of NextEra Energy Partners by 89.4% in the 3rd quarter. Franklin Resources Inc. now owns 78,930 shares of the solar energy provider’s stock valued at $2,049,000 after acquiring an additional 37,265 shares during the period. Thrivent Financial for Lutherans purchased a new stake in NextEra Energy Partners in the 3rd quarter valued at $16,186,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in NextEra Energy Partners by 158.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 255,754 shares of the solar energy provider’s stock worth $7,064,000 after purchasing an additional 156,774 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in NextEra Energy Partners by 2,514.3% in the third quarter. International Assets Investment Management LLC now owns 98,142 shares of the solar energy provider’s stock valued at $2,711,000 after purchasing an additional 94,388 shares during the period. Institutional investors and hedge funds own 66.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NEP shares. Jefferies Financial Group lowered their price target on NextEra Energy Partners from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Evercore ISI decreased their price target on NextEra Energy Partners from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Barclays reissued an “underweight” rating and issued a $25.00 price objective on shares of NextEra Energy Partners in a research note on Friday, October 4th. JPMorgan Chase & Co. raised shares of NextEra Energy Partners from an “underweight” rating to a “neutral” rating and lowered their target price for the company from $25.00 to $22.00 in a report on Thursday, October 24th. Finally, Guggenheim cut shares of NextEra Energy Partners from a “buy” rating to a “neutral” rating and cut their price target for the stock from $37.00 to $22.00 in a report on Monday, October 28th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.64.

NextEra Energy Partners Stock Down 3.7 %

NEP stock opened at $17.39 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. NextEra Energy Partners, LP has a 12 month low of $15.55 and a 12 month high of $35.15. The firm has a market capitalization of $1.63 billion, a PE ratio of 7.98 and a beta of 1.06. The company’s 50 day simple moving average is $17.74 and its 200-day simple moving average is $22.73.

NextEra Energy Partners (NYSE:NEP) last issued its quarterly earnings data on Wednesday, October 23rd. The solar energy provider reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.94). The company had revenue of $319.00 million during the quarter, compared to analysts’ expectations of $332.25 million. NextEra Energy Partners had a net margin of 17.47% and a negative return on equity of 1.07%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share. Equities analysts expect that NextEra Energy Partners, LP will post 1.96 earnings per share for the current fiscal year.

NextEra Energy Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Wednesday, November 6th were given a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a dividend yield of 21.10%. The ex-dividend date was Wednesday, November 6th. This is a positive change from NextEra Energy Partners’s previous quarterly dividend of $0.91. NextEra Energy Partners’s payout ratio is currently 168.35%.

About NextEra Energy Partners

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind, solar, and battery storage projects. The company owns contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is based in Juno Beach, Florida.