NextEra Energy Partners, LP (NYSE:NEP) Stock Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in NextEra Energy Partners, LP (NYSE:NEP) by 4,016.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 137,395 shares of the solar energy provider’s stock after buying an additional 134,057 shares during the period. International Assets Investment Management LLC owned approximately 0.15% of NextEra Energy Partners worth $4,518,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NEP. ORG Partners LLC raised its stake in shares of NextEra Energy Partners by 120.3% in the 3rd quarter. ORG Partners LLC now owns 1,227 shares of the solar energy provider’s stock worth $36,000 after buying an additional 670 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of NextEra Energy Partners by 60.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,208 shares of the solar energy provider’s stock worth $36,000 after buying an additional 454 shares in the last quarter. Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of NextEra Energy Partners during the first quarter worth $36,000. Lazard Asset Management LLC raised its position in shares of NextEra Energy Partners by 69.6% during the first quarter. Lazard Asset Management LLC now owns 546 shares of the solar energy provider’s stock worth $45,000 after purchasing an additional 224 shares during the period. Finally, CI Investments Inc. raised its position in shares of NextEra Energy Partners by 1,418.2% during the third quarter. CI Investments Inc. now owns 1,837 shares of the solar energy provider’s stock worth $55,000 after purchasing an additional 1,716 shares during the period. Institutional investors own 66.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NEP. Evercore ISI began coverage on NextEra Energy Partners in a research report on Tuesday, February 13th. They set an “outperform” rating and a $43.00 target price on the stock. Marathon Capitl reaffirmed an “equal weight” rating on shares of NextEra Energy Partners in a research report on Tuesday, March 26th. StockNews.com raised NextEra Energy Partners to a “sell” rating in a research report on Tuesday, March 19th. JPMorgan Chase & Co. boosted 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. Finally, Raymond James cut their target price on 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 assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.53.

NextEra Energy Partners Stock Performance

Shares of NYSE NEP opened at $27.00 on Wednesday. The business’s 50-day moving average price is $28.36 and its two-hundred day moving average price is $27.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.33 and a quick ratio of 1.28. NextEra Energy Partners, LP has a one year low of $20.17 and a one year high of $64.43. The company has a market capitalization of $2.52 billion, a P/E ratio of 12.68 and a beta of 1.00.

NextEra Energy Partners (NYSE:NEP) last issued its earnings results on Thursday, January 25th. The solar energy provider reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.38). NextEra Energy Partners had a net margin of 16.00% and a negative return on equity of 1.06%. The firm had revenue of $232.00 million during the quarter, compared to analysts’ expectations of $360.03 million. Analysts anticipate that NextEra Energy Partners, LP will post 0.9 earnings per share for the current fiscal year.

NextEra Energy Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders 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 dividend on an annualized basis and a yield of 13.04%. This is an increase from NextEra Energy Partners’s previous quarterly dividend of $0.87. NextEra Energy Partners’s payout ratio is 165.26%.

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.