Williams Jones Wealth Management LLC. increased its stake in NextEra Energy Partners, LP (NYSE:NEP – Get Rating) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 536,536 shares of the solar energy provider’s stock after purchasing an additional 1,786 shares during the period. Williams Jones Wealth Management LLC. owned 0.70% of NextEra Energy Partners worth $45,284,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Cassady Schiller Wealth Management LLC acquired a new stake in NextEra Energy Partners in the 4th quarter worth approximately $25,000. Lazard Asset Management LLC acquired a new stake in NextEra Energy Partners during the 4th quarter valued at approximately $27,000. Amplius Wealth Advisors LLC acquired a new stake in NextEra Energy Partners during the 4th quarter valued at approximately $27,000. Harbor Investment Advisory LLC lifted its stake in NextEra Energy Partners by 300.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 400 shares of the solar energy provider’s stock valued at $34,000 after acquiring an additional 300 shares during the period. Finally, PrairieView Partners LLC acquired a new stake in NextEra Energy Partners during the 4th quarter valued at approximately $37,000. Institutional investors own 81.32% of the company’s stock.
NEP has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of NextEra Energy Partners from $96.00 to $93.00 and set an “overweight” rating for the company in a research note on Wednesday, January 26th. Royal Bank of Canada lifted their price objective on shares of NextEra Energy Partners from $80.00 to $86.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 23rd. Credit Suisse Group decreased their price objective on shares of NextEra Energy Partners from $87.00 to $78.00 in a research note on Wednesday, April 27th. Morgan Stanley cut their target price on shares of NextEra Energy Partners from $95.00 to $93.00 and set an “equal weight” rating for the company in a report on Wednesday, April 20th. Finally, StockNews.com raised shares of NextEra Energy Partners from a “sell” rating to a “hold” rating in a report on Sunday, April 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $89.14.
NextEra Energy Partners (NYSE:NEP – Get Rating) last issued its quarterly earnings results on Thursday, April 21st. The solar energy provider reported $1.72 EPS for the quarter, topping the consensus estimate of $0.42 by $1.30. The company had revenue of $281.00 million during the quarter, compared to analyst estimates of $305.98 million. NextEra Energy Partners had a net margin of 15.13% and a return on equity of 1.58%. The firm’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.66 EPS. On average, sell-side analysts anticipate that NextEra Energy Partners, LP will post 2.48 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 12th. Investors of record on Thursday, May 5th were issued a $0.7325 dividend. This represents a $2.93 annualized dividend and a yield of 4.47%. The ex-dividend date was Wednesday, May 4th. This is a positive change from NextEra Energy Partners’s previous quarterly dividend of $0.71. NextEra Energy Partners’s payout ratio is presently 336.78%.
NextEra Energy Partners Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on NextEra Energy Partners (NEP)
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