Steward Partners Investment Advisory LLC Has $1.18 Million Position in NextEra Energy Partners, LP (NYSE:NEP)

Steward Partners Investment Advisory LLC lowered its holdings in shares of NextEra Energy Partners, LP (NYSE:NEPGet Rating) by 35.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,160 shares of the solar energy provider’s stock after selling 7,850 shares during the period. Steward Partners Investment Advisory LLC’s holdings in NextEra Energy Partners were worth $1,180,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Regentatlantic Capital LLC boosted its stake in NextEra Energy Partners by 3.8% during the first quarter. Regentatlantic Capital LLC now owns 6,673 shares of the solar energy provider’s stock worth $556,000 after buying an additional 245 shares in the last quarter. SG Americas Securities LLC boosted its stake in NextEra Energy Partners by 662.2% during the first quarter. SG Americas Securities LLC now owns 140,978 shares of the solar energy provider’s stock worth $11,752,000 after buying an additional 122,481 shares in the last quarter. Park Avenue Securities LLC boosted its stake in NextEra Energy Partners by 10.3% during the first quarter. Park Avenue Securities LLC now owns 7,008 shares of the solar energy provider’s stock worth $584,000 after buying an additional 654 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new stake in NextEra Energy Partners during the first quarter worth $249,000. Finally, Naples Global Advisors LLC lifted its holdings in shares of NextEra Energy Partners by 1.1% during the first quarter. Naples Global Advisors LLC now owns 25,290 shares of the solar energy provider’s stock valued at $2,108,000 after acquiring an additional 280 shares during the period. Institutional investors and hedge funds own 81.32% of the company’s stock.

Wall Street Analysts Forecast Growth

NEP has been the subject of a number of analyst reports. UBS Group set a $90.00 price objective on NextEra Energy Partners in a report on Monday, June 20th. StockNews.com raised NextEra Energy Partners from a “sell” rating to a “hold” rating in a report on Sunday, April 3rd. KeyCorp lifted their price objective on NextEra Energy Partners from $83.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, July 19th. Credit Suisse Group lifted their price objective on NextEra Energy Partners from $74.00 to $79.00 and gave the company an “outperform” rating in a report on Monday. Finally, Morgan Stanley cut their price objective on NextEra Energy Partners from $93.00 to $86.00 and set an “equal weight” rating for the company in a report on Monday, June 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $86.00.

NextEra Energy Partners Stock Performance

Shares of NYSE:NEP opened at $80.72 on Tuesday. The stock has a market capitalization of $6.77 billion, a P/E ratio of 18.14, a P/E/G ratio of 2.86 and a beta of 0.86. NextEra Energy Partners, LP has a 1-year low of $61.31 and a 1-year high of $88.80. The company has a current ratio of 1.60, a quick ratio of 1.55 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $72.81 and a two-hundred day moving average price of $74.24.

NextEra Energy Partners (NYSE:NEPGet Rating) last announced its quarterly earnings data on Friday, July 22nd. The solar energy provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $0.37 by $2.24. The firm had revenue of $362.00 million during the quarter, compared to analysts’ expectations of $345.09 million. NextEra Energy Partners had a return on equity of 4.40% and a net margin of 39.66%. The company’s quarterly revenue was up 43.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.97) EPS. Equities analysts predict that NextEra Energy Partners, LP will post 2.7 earnings per share for the current year.

NextEra Energy Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Thursday, August 4th will be issued a dividend of $0.7625 per share. This is a boost from NextEra Energy Partners’s previous quarterly dividend of $0.73. This represents a $3.05 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Wednesday, August 3rd. NextEra Energy Partners’s payout ratio is currently 65.84%.

NextEra Energy Partners Company Profile

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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 and solar projects, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida.

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Institutional Ownership by Quarter for NextEra Energy Partners (NYSE:NEP)

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