Strategic Wealth Partners Ltd. Has $1.30 Million Stock Holdings in NextEra Energy Partners, LP (NYSE:NEP)

Strategic Wealth Partners Ltd. increased its stake in shares of NextEra Energy Partners, LP (NYSE:NEP) by 25.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 46,912 shares of the solar energy provider’s stock after buying an additional 9,490 shares during the period. Strategic Wealth Partners Ltd. owned 0.05% of NextEra Energy Partners worth $1,296,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. M&G Plc acquired a new stake in NextEra Energy Partners during the first quarter worth approximately $83,069,000. Commerce Bank acquired a new stake in NextEra Energy Partners during the 1st quarter worth approximately $15,597,000. Swedbank AB bought a new stake in NextEra Energy Partners in the 1st quarter valued at $9,927,000. ClearBridge Investments Ltd grew its holdings in NextEra Energy Partners by 6.4% in the 1st quarter. ClearBridge Investments Ltd now owns 4,161,433 shares of the solar energy provider’s stock valued at $125,176,000 after buying an additional 250,456 shares in the last quarter. Finally, Fred Alger Management LLC bought a new position in NextEra Energy Partners during the 2nd quarter worth $5,452,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NEP shares. BNP Paribas began coverage on shares of NextEra Energy Partners in a research report on Tuesday, October 1st. They issued an “underperform” rating and a $15.00 target price for the company. Morgan Stanley lowered shares of NextEra Energy Partners from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $31.00 to $20.00 in a research report on Wednesday, July 31st. Wolfe Research downgraded shares of NextEra Energy Partners from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 25th. Jefferies Financial Group began coverage on NextEra Energy Partners in a research report on Thursday, September 19th. They set a “buy” rating and a $28.00 price target on the stock. Finally, Mizuho cut their target price on NextEra Energy Partners from $33.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $29.54.

NextEra Energy Partners Price Performance

NextEra Energy Partners stock opened at $24.91 on Thursday. The stock has a 50-day moving average price of $25.56 and a two-hundred day moving average price of $28.05. NextEra Energy Partners, LP has a 12 month low of $20.28 and a 12 month high of $35.15. The company has a market capitalization of $2.33 billion, a PE ratio of 8.17 and a beta of 1.06. The company has a current ratio of 1.30, a quick ratio of 1.22 and a debt-to-equity ratio of 0.36.

NextEra Energy Partners (NYSE:NEP) last issued its quarterly earnings data on Wednesday, July 24th. The solar energy provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.07. NextEra Energy Partners had a net margin of 24.42% and a negative return on equity of 0.40%. The business had revenue of $360.00 million during the quarter, compared to analyst estimates of $365.54 million. During the same quarter last year, the business earned $0.53 EPS. The firm’s quarterly revenue was up 22.9% on a year-over-year basis. Analysts expect that NextEra Energy Partners, LP will post 2.2 EPS for the current year.

NextEra Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were issued a dividend of $0.905 per share. This represents a $3.62 dividend on an annualized basis and a dividend yield of 14.54%. The ex-dividend date of this dividend was Tuesday, August 6th. This is a positive change from NextEra Energy Partners’s previous quarterly dividend of $0.89. NextEra Energy Partners’s payout ratio is 118.69%.

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.