NextEra Energy Partners, LP (NYSE:NEP) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lessened its holdings in shares of NextEra Energy Partners, LP (NYSE:NEP) by 60.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,341 shares of the solar energy provider’s stock after selling 11,161 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in NextEra Energy Partners were worth $223,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NEP. ClearBridge Investments Ltd lifted its stake in shares of NextEra Energy Partners by 64.4% during the 3rd quarter. ClearBridge Investments Ltd now owns 3,583,336 shares of the solar energy provider’s stock worth $106,425,000 after purchasing an additional 1,404,318 shares during the period. FMR LLC lifted its stake in shares of NextEra Energy Partners by 18.9% during the 3rd quarter. FMR LLC now owns 4,865,533 shares of the solar energy provider’s stock worth $144,506,000 after purchasing an additional 774,665 shares during the period. Redwood Grove Capital LLC lifted its stake in shares of NextEra Energy Partners by 231.3% during the 3rd quarter. Redwood Grove Capital LLC now owns 541,592 shares of the solar energy provider’s stock worth $16,085,000 after purchasing an additional 378,095 shares during the period. Advisors Capital Management LLC lifted its stake in shares of NextEra Energy Partners by 278.3% during the 3rd quarter. Advisors Capital Management LLC now owns 449,442 shares of the solar energy provider’s stock worth $13,348,000 after purchasing an additional 330,639 shares during the period. Finally, EP Wealth Advisors LLC lifted its stake in shares of NextEra Energy Partners by 1,557.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 319,287 shares of the solar energy provider’s stock worth $9,483,000 after purchasing an additional 300,027 shares during the period. Hedge funds and other institutional investors own 66.01% of the company’s stock.

NextEra Energy Partners Stock Up 7.4 %

Shares of NextEra Energy Partners stock opened at $32.36 on Friday. The business has a 50-day moving average of $28.78 and a 200-day moving average of $27.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.36 and a quick ratio of 1.31. The company has a market capitalization of $3.03 billion, a PE ratio of 10.61 and a beta of 1.01. NextEra Energy Partners, LP has a 1-year low of $20.17 and a 1-year high of $63.89.

NextEra Energy Partners (NYSE:NEP) last announced its earnings results on Monday, April 22nd. The solar energy provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.63. The company had revenue of $257.00 million during the quarter, compared to the consensus estimate 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 was up 4.9% on a year-over-year basis. During the same period last year, the firm earned ($0.17) earnings per share. As a group, equities analysts forecast that NextEra Energy Partners, LP will post 1.54 EPS for the current fiscal 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 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 11.03%. NextEra Energy Partners’s dividend payout ratio (DPR) is currently 117.05%.

Analysts Set New Price Targets

A number of brokerages have weighed in on NEP. Barclays began coverage on NextEra Energy Partners in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $32.00 price target on the stock. Evercore ISI initiated coverage on NextEra Energy Partners in a research report on Tuesday, February 13th. They issued an “outperform” rating and a $43.00 target price on the stock. JPMorgan Chase & Co. increased their target price on 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 raised NextEra Energy Partners to a “sell” rating in a research report on Tuesday, March 19th. Finally, Marathon Capitl reaffirmed an “equal weight” rating on shares of NextEra Energy Partners in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $41.60.

NextEra Energy Partners 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.