Mark Sheptoff Financial Planning LLC Sells 600 Shares of NextEra Energy Partners, LP (NYSE:NEP)

Mark Sheptoff Financial Planning LLC reduced its position in NextEra Energy Partners, LP (NYSE:NEP) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,675 shares of the solar energy provider’s stock after selling 600 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in NextEra Energy Partners were worth $323,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NEP. Richardson Financial Services Inc. acquired a new position in shares of NextEra Energy Partners in the 4th quarter valued at $27,000. Hexagon Capital Partners LLC increased its stake in NextEra Energy Partners by 208.3% in the first quarter. Hexagon Capital Partners LLC now owns 928 shares of the solar energy provider’s stock valued at $28,000 after acquiring an additional 627 shares during the period. Heritage Wealth Advisors acquired a new position in NextEra Energy Partners in the fourth quarter worth about $33,000. Central Pacific Bank Trust Division acquired a new stake in NextEra Energy Partners during the first quarter valued at approximately $36,000. Finally, FinTrust Capital Advisors LLC bought a new stake in shares of NextEra Energy Partners in the 1st quarter valued at approximately $45,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

NextEra Energy Partners Stock Performance

Shares of NextEra Energy Partners stock opened at $25.84 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.30 and a quick ratio of 1.22. The firm has a 50 day simple moving average of $25.68 and a 200 day simple moving average of $28.23. NextEra Energy Partners, LP has a fifty-two week low of $20.17 and a fifty-two week high of $50.66. The firm has a market cap of $2.42 billion, a P/E ratio of 8.47 and a beta of 1.05.

NextEra Energy Partners (NYSE:NEP) last released its earnings results on Wednesday, July 24th. The solar energy provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.59 by $0.07. The company had revenue of $360.00 million during the quarter, compared to analysts’ expectations of $365.54 million. NextEra Energy Partners had a negative return on equity of 0.40% and a net margin of 24.42%. The business’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period last year, the firm earned $0.53 EPS. Sell-side analysts predict that NextEra Energy Partners, LP will post 1.74 earnings per share for the current fiscal year.

NextEra Energy Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th were given a $0.905 dividend. This represents a $3.62 dividend on an annualized basis and a yield of 14.01%. This is a positive change from NextEra Energy Partners’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Tuesday, August 6th. NextEra Energy Partners’s dividend payout ratio (DPR) is presently 118.69%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Raymond James downgraded NextEra Energy Partners from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 9th. StockNews.com raised NextEra Energy Partners to a “sell” rating in a report on Thursday, July 25th. Morgan Stanley lowered shares of NextEra Energy Partners from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $31.00 to $20.00 in a report on Wednesday, July 31st. Barclays downgraded shares of NextEra Energy Partners from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $32.00 to $25.00 in a report on Thursday, June 13th. Finally, Royal Bank of Canada lowered shares of NextEra Energy Partners from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $38.00 to $30.00 in a research report on Monday, July 1st. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy Partners presently has an average rating of “Hold” and an average target price of $33.00.

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, 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.