Private Capital Group LLC acquired a new position in shares of Nextera Energy Partners LP (NYSE:NEP) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 777 shares of the solar energy provider’s stock, valued at approximately $36,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Advisor Group Inc. lifted its stake in Nextera Energy Partners by 16.3% during the fourth quarter. Advisor Group Inc. now owns 2,909 shares of the solar energy provider’s stock worth $126,000 after purchasing an additional 408 shares during the last quarter. Stephens Inc. AR lifted its stake in Nextera Energy Partners by 8.4% in the fourth quarter. Stephens Inc. AR now owns 5,553 shares of the solar energy provider’s stock valued at $239,000 after buying an additional 430 shares during the last quarter. ETF Managers Group LLC lifted its stake in Nextera Energy Partners by 17.5% in the fourth quarter. ETF Managers Group LLC now owns 3,308 shares of the solar energy provider’s stock valued at $142,000 after buying an additional 492 shares during the last quarter. Telemus Capital LLC lifted its stake in Nextera Energy Partners by 1.7% in the fourth quarter. Telemus Capital LLC now owns 29,227 shares of the solar energy provider’s stock valued at $1,258,000 after buying an additional 492 shares during the last quarter. Finally, Boston Advisors LLC lifted its stake in Nextera Energy Partners by 1.5% in the first quarter. Boston Advisors LLC now owns 34,675 shares of the solar energy provider’s stock valued at $1,617,000 after buying an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 81.87% of the company’s stock.
A number of research firms have issued reports on NEP. Goldman Sachs Group upgraded Nextera Energy Partners from a “neutral” rating to a “buy” rating and raised their target price for the company from $45.00 to $49.00 in a research note on Sunday, March 31st. TheStreet upgraded Nextera Energy Partners from a “c+” rating to a “b-” rating in a research note on Monday, March 25th. Zacks Investment Research cut Nextera Energy Partners from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Barclays cut Nextera Energy Partners from an “overweight” rating to an “equal weight” rating and set a $49.00 target price on the stock. in a research note on Thursday, March 7th. Finally, ValuEngine upgraded Nextera Energy Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Nextera Energy Partners currently has an average rating of “Hold” and an average price target of $48.28.
Shares of NEP opened at $45.88 on Friday. The firm has a market cap of $2.58 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 2.58 and a beta of 0.94. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.57. Nextera Energy Partners LP has a one year low of $39.35 and a one year high of $50.66.
Nextera Energy Partners (NYSE:NEP) last issued its quarterly earnings results on Tuesday, April 23rd. The solar energy provider reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.90). The business had revenue of $177.00 million for the quarter, compared to analyst estimates of $316.31 million. Nextera Energy Partners had a net margin of 12.24% and a return on equity of 2.17%. Sell-side analysts anticipate that Nextera Energy Partners LP will post 1.98 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th will be issued a dividend of $0.4825 per share. This represents a $1.93 dividend on an annualized basis and a dividend yield of 4.21%. This is a positive change from Nextera Energy Partners’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Monday, May 6th. Nextera Energy Partners’s dividend payout ratio (DPR) is 63.92%.
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About Nextera Energy Partners
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 with approximately 4,859 megawatts of capacity, as well as seven contracted natural gas pipeline assets.
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