NextEra Energy Partners, LP (NYSE:NEP) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC reduced its stake in shares of NextEra Energy Partners, LP (NYSE:NEP) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,364 shares of the solar energy provider’s stock after selling 1,300 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in NextEra Energy Partners were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEP. BlackRock Inc. lifted its holdings in shares of NextEra Energy Partners by 4.9% in the first quarter. BlackRock Inc. now owns 7,609,845 shares of the solar energy provider’s stock valued at $634,357,000 after purchasing an additional 356,265 shares in the last quarter. FMR LLC lifted its holdings in shares of NextEra Energy Partners by 18.9% in the third quarter. FMR LLC now owns 4,865,533 shares of the solar energy provider’s stock valued at $144,506,000 after purchasing an additional 774,665 shares in the last quarter. ClearBridge Investments Ltd lifted its holdings in shares of NextEra Energy Partners by 64.4% in the third quarter. ClearBridge Investments Ltd now owns 3,583,336 shares of the solar energy provider’s stock valued at $106,425,000 after purchasing an additional 1,404,318 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of NextEra Energy Partners by 0.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 2,188,292 shares of the solar energy provider’s stock valued at $162,284,000 after purchasing an additional 16,707 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in shares of NextEra Energy Partners by 0.3% in the second quarter. 1832 Asset Management L.P. now owns 1,547,441 shares of the solar energy provider’s stock valued at $90,742,000 after purchasing an additional 4,616 shares in the last quarter. 66.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Guggenheim reduced their price target on shares of NextEra Energy Partners from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, December 6th. StockNews.com raised shares of NextEra Energy Partners to a “sell” rating in a research note on Tuesday, March 19th. CIBC downgraded shares of NextEra Energy Partners from a “sector outperform” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a research note on Tuesday, January 9th. Mizuho reduced their price objective on shares of NextEra Energy Partners from $40.00 to $33.00 and set a “buy” rating on the stock in a research note on Tuesday, December 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy Partners from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $47.31.

NextEra Energy Partners Trading Up 3.9 %

NYSE NEP opened at $29.00 on Thursday. NextEra Energy Partners, LP has a 12 month low of $20.17 and a 12 month high of $64.43. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.33 and a quick ratio of 1.28. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. The company’s fifty day moving average price is $28.26 and its two-hundred day moving average price is $28.95.

NextEra Energy Partners (NYSE:NEP) last posted its quarterly earnings results on Thursday, January 25th. The solar energy provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.38). The business had revenue of $232.00 million during the quarter, compared to the consensus estimate of $360.03 million. NextEra Energy Partners had a negative return on equity of 1.06% and a net margin of 16.00%. As a group, research analysts predict that NextEra Energy Partners, LP will post 0.89 earnings per share for the current fiscal year.

NextEra Energy Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were paid a $0.88 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $3.52 annualized dividend and a dividend yield of 12.14%. This is a boost from NextEra Energy Partners’s previous quarterly dividend of $0.87. NextEra Energy Partners’s payout ratio is currently 165.26%.

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.