Flputnam Investment Management Co. Acquires 61,018 Shares of NextEra Energy Partners, LP (NYSE:NEP)

Flputnam Investment Management Co. lifted its holdings in shares of NextEra Energy Partners, LP (NYSE:NEP) by 148.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,074 shares of the solar energy provider’s stock after acquiring an additional 61,018 shares during the quarter. Flputnam Investment Management Co. owned approximately 0.11% of NextEra Energy Partners worth $3,104,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Beacon Pointe Advisors LLC raised its holdings in shares of NextEra Energy Partners by 2.9% during the first quarter. Beacon Pointe Advisors LLC now owns 7,125 shares of the solar energy provider’s stock valued at $594,000 after acquiring an additional 200 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in NextEra Energy Partners by 40.1% in the second quarter. Parkside Financial Bank & Trust now owns 754 shares of the solar energy provider’s stock worth $44,000 after purchasing an additional 216 shares in the last quarter. Lazard Asset Management LLC raised its holdings in NextEra Energy Partners by 69.6% in 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 in the last quarter. State of Wyoming raised its holdings in NextEra Energy Partners by 28.2% in the second quarter. State of Wyoming now owns 1,137 shares of the solar energy provider’s stock worth $67,000 after purchasing an additional 250 shares in the last quarter. Finally, Vident Investment Advisory LLC raised its holdings in NextEra Energy Partners by 6.7% in the fourth quarter. Vident Investment Advisory LLC now owns 4,547 shares of the solar energy provider’s stock worth $319,000 after purchasing an additional 285 shares in the last quarter. Institutional investors own 66.01% of the company’s stock.

NextEra Energy Partners Trading Down 0.3 %

NextEra Energy Partners stock opened at $27.00 on Wednesday. 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 stock has a market capitalization of $2.52 billion, a PE ratio of 12.68 and a beta of 1.00. The business’s fifty day moving average is $28.36 and its 200 day moving average is $27.18.

NextEra Energy Partners (NYSE:NEP) last released its quarterly earnings data on Thursday, January 25th. The solar energy provider reported ($0.35) EPS for the quarter, missing the consensus estimate 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 business had revenue of $232.00 million for the quarter, compared to analysts’ expectations of $360.03 million. On average, sell-side analysts predict that NextEra Energy Partners, LP will post 0.9 EPS for the current year.

NextEra Energy Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th were given a dividend of $0.88 per share. The ex-dividend date was Monday, February 5th. This is a boost from NextEra Energy Partners’s previous quarterly dividend of $0.87. This represents a $3.52 annualized dividend and a dividend yield of 13.04%. NextEra Energy Partners’s dividend payout ratio (DPR) is 165.26%.

Wall Street Analyst Weigh In

NEP has been the subject of a number of research reports. Evercore ISI initiated coverage on NextEra Energy Partners in a report on Tuesday, February 13th. They issued an “outperform” rating and a $43.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on NextEra Energy Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. StockNews.com upgraded NextEra Energy Partners to a “sell” rating in a report on Tuesday, March 19th. Barclays initiated coverage on NextEra Energy Partners in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price objective for the company. Finally, Marathon Capitl reiterated an “equal weight” rating on shares of NextEra Energy Partners in a report on Tuesday, March 26th. 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 company. Based on data from MarketBeat, NextEra Energy Partners presently has a consensus rating of “Hold” and a consensus target price of $45.53.

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.