2 weeks Ago By ABMN Staff
Public Employees Retirement Association of Colorado lessened its holdings in NextEra Energy Partners, LP ( NYSE:NEP – Free Report ) by 9.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,775 shares of the solar energy provider’s stock after selling 1,183 shares during the quarter.
Public Employees Retirement Association of Colorado’s holdings in NextEra Energy Partners were worth $298,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds also recently bought and sold shares of the business. Ameritas Advisory Services LLC grew its position in shares of NextEra Energy Partners by 1.
4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 29,190 shares of the solar energy provider’s stock worth $807,000 after buying an additional 412 shares in the last quarter. Arizona State Retirement System grew its position in shares of NextEra Energy Partners by 2.
0% during the 2nd quarter. Arizona State Retirement System now owns 26,186 shares of the solar energy provider’s stock worth $724,000 after buying an additional 509 shares in the last quarter. Newbridge Financial Services Group Inc.
grew its position in shares of NextEra Energy Partners by 46.0% during the 4th quarter. Newbridge Financial Services Group Inc.
now owns 1,689 shares of the solar energy provider’s stock worth $51,000 after buying an additional 532 shares in the last quarter. Jaffetilchin Investment Partners LLC lifted its stake in shares of NextEra Energy Partners by 4.6% during the 2nd quarter.
Jaffetilchin Investment Partners LLC now owns 13,088 shares of the solar energy provider’s stock worth $362,000 after purchasing an additional 581 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in shares of NextEra Energy Partners by 208.3% during the 1st quarter.
Hexagon Capital Partners LLC now owns 928 shares of the solar energy provider’s stock worth $28,000 after purchasing an additional 627 shares during the last quarter. Institutional investors own 66.01% of the company’s stock.
Wall Street Analysts Forecast Growth A number of brokerages recently weighed in on NEP. Jefferies Financial Group began coverage on NextEra Energy Partners in a research note on Thursday, September 19th. They set a “buy” rating and a $28.
00 price objective for the company. Morgan Stanley cut NextEra Energy Partners from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $31.00 to $20.
00 in a research note on Wednesday, July 31st. Mizuho cut NextEra Energy Partners from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company.
in a research note on Wednesday, June 12th. Wolfe Research cut NextEra Energy Partners from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 25th. Finally, BMO Capital Markets decreased their price objective on NextEra Energy Partners from $32.
00 to $28.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock.
According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.86. NextEra Energy Partners Trading Up 2.
3 % Shares of NYSE:NEP opened at $28.11 on Friday. NextEra Energy Partners, LP has a 52-week low of $20.
17 and a 52-week high of $37.31. The stock has a market cap of $2.
63 billion, a price-to-earnings ratio of 9.22 and a beta of 1.05.
The company has a quick ratio of 1.22, a current ratio of 1.30 and a debt-to-equity ratio of 0.
36. The business has a 50-day moving average price of $25.67 and a 200-day moving average price of $28.
16. NextEra Energy Partners ( NYSE:NEP – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 24th. The solar energy provider reported $0.
66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.07.
NextEra Energy Partners had a negative return on equity of 0.40% and a net margin of 24.42%.
The firm had revenue of $360.00 million during the quarter, compared to analysts’ expectations of $365.54 million.
During the same period last year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was up 22.
9% compared to the same quarter last year. Equities analysts predict that NextEra Energy Partners, LP will post 2.2 EPS for the current year.
NextEra Energy Partners Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were paid a $0.905 dividend.
This represents a $3.62 annualized dividend and a dividend yield of 12.88%.
This is a boost 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%. NextEra Energy Partners Company Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding NEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Partners, LP ( NYSE:NEP – Free Report ). Receive News & Ratings for NextEra Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Partners and related companies with MarketBeat.
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