International Assets Investment Management LLC Boosts Holdings in NextEra Energy Partners, LP (NYSE:NEP)

International Assets Investment Management LLC raised its stake in NextEra Energy Partners, LP (NYSE:NEP) by 4,016.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,395 shares of the solar energy provider’s stock after acquiring an additional 134,057 shares during the period. International Assets Investment Management LLC owned 0.15% of NextEra Energy Partners worth $4,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its holdings in shares of NextEra Energy Partners by 60.2% in the third quarter. Parkside Financial Bank & Trust now owns 1,208 shares of the solar energy provider’s stock valued at $36,000 after buying an additional 454 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in NextEra Energy Partners by 4.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 10,767 shares of the solar energy provider’s stock worth $320,000 after acquiring an additional 496 shares during the period. Gilman Hill Asset Management LLC grew its stake in shares of NextEra Energy Partners by 5.4% in the 4th quarter. Gilman Hill Asset Management LLC now owns 11,250 shares of the solar energy provider’s stock valued at $342,000 after purchasing an additional 575 shares during the last quarter. Abundance Wealth Counselors increased its holdings in shares of NextEra Energy Partners by 1.6% in the third quarter. Abundance Wealth Counselors now owns 37,659 shares of the solar energy provider’s stock valued at $1,118,000 after purchasing an additional 595 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of NextEra Energy Partners by 1.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,086 shares of the solar energy provider’s stock worth $1,131,000 after purchasing an additional 637 shares during the last quarter. Hedge funds and other institutional investors own 66.01% of the company’s stock.

Wall Street Analysts Forecast Growth

NEP has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. StockNews.com upgraded shares of NextEra Energy Partners to a “sell” rating in a research report on Tuesday, March 19th. Marathon Capitl reiterated an “equal weight” rating on shares of NextEra Energy Partners in a research report on Tuesday, March 26th. Barclays started coverage on shares of NextEra Energy Partners in a report on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 target price for the company. Finally, Raymond James lowered their price target on shares of NextEra Energy Partners from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $41.60.

NextEra Energy Partners Trading Down 0.0 %

NYSE NEP opened at $30.13 on Thursday. NextEra Energy Partners, LP has a one year low of $20.17 and a one year high of $63.89. The company’s 50 day moving average price is $28.68 and its 200 day moving average price is $27.88. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 9.88 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.31 and a current ratio of 1.36.

NextEra Energy Partners (NYSE:NEP) last posted its earnings results on Monday, April 22nd. The solar energy provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.63. The business had revenue of $257.00 million during the quarter, compared to analyst estimates of $331.78 million. NextEra Energy Partners had a negative return on equity of 0.48% and a net margin of 23.55%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.17) earnings per share. On average, sell-side analysts predict that NextEra Energy Partners, LP will post 1.54 EPS for the current year.

NextEra Energy Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.8925 per share. The ex-dividend date of this dividend is Monday, May 6th. This is an increase from NextEra Energy Partners’s previous quarterly dividend of $0.88. This represents a $3.57 annualized dividend and a dividend yield of 11.85%. NextEra Energy Partners’s dividend payout ratio (DPR) is currently 117.05%.

NextEra Energy Partners Company Profile

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.