Lee Financial Co lifted its holdings in shares of Nextera Energy Partners LP (NYSE:NEP) by 11.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,775 shares of the solar energy provider’s stock after purchasing an additional 2,455 shares during the period. Lee Financial Co’s holdings in Nextera Energy Partners were worth $1,109,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of Nextera Energy Partners by 66.2% in the third quarter. Renaissance Technologies LLC now owns 122,500 shares of the solar energy provider’s stock worth $5,941,000 after purchasing an additional 48,800 shares during the period. Teachers Advisors LLC increased its stake in Nextera Energy Partners by 27.7% during the third quarter. Teachers Advisors LLC now owns 5,574 shares of the solar energy provider’s stock valued at $270,000 after acquiring an additional 1,208 shares during the period. Nordea Investment Management AB bought a new position in Nextera Energy Partners during the third quarter valued at about $4,783,000. Morgan Stanley increased its stake in Nextera Energy Partners by 29.6% during the third quarter. Morgan Stanley now owns 988,341 shares of the solar energy provider’s stock valued at $47,935,000 after acquiring an additional 225,797 shares during the period. Finally, Vanguard Group Inc. increased its stake in Nextera Energy Partners by 48.5% during the third quarter. Vanguard Group Inc. now owns 476,131 shares of the solar energy provider’s stock valued at $23,093,000 after acquiring an additional 155,451 shares during the period. Institutional investors own 83.74% of the company’s stock.
Shares of NEP traded up $0.42 on Friday, hitting $46.14. The company’s stock had a trading volume of 203,897 shares, compared to its average volume of 289,031. Nextera Energy Partners LP has a fifty-two week low of $39.35 and a fifty-two week high of $50.66. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market capitalization of $2.58 billion, a P/E ratio of 15.86, a PEG ratio of 2.57 and a beta of 0.94.
Nextera Energy Partners (NYSE:NEP) last posted its quarterly earnings data on Tuesday, April 23rd. The solar energy provider reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.90). The firm had revenue of $177.00 million for the quarter, compared to analyst estimates of $316.31 million. Nextera Energy Partners had a return on equity of 2.17% and a net margin of 12.24%. On average, sell-side analysts anticipate that Nextera Energy Partners LP will post 1.98 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th were given a dividend of $0.4825 per share. This is a boost from Nextera Energy Partners’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, May 6th. This represents a $1.93 annualized dividend and a dividend yield of 4.18%. Nextera Energy Partners’s payout ratio is presently 66.32%.
Several equities analysts recently issued reports on NEP shares. Barclays started coverage on Nextera Energy Partners in a research note on Thursday, February 7th. They set an “overweight” rating and a $49.00 price target on the stock. Zacks Investment Research lowered Nextera Energy Partners from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Macquarie upgraded Nextera Energy Partners from a “neutral” rating to an “outperform” rating and lowered their price target for the company from $47.00 to $44.00 in a research note on Monday, February 4th. TheStreet downgraded Nextera Energy Partners from a “b-” rating to a “c+” rating in a report on Friday, January 25th. Finally, ValuEngine raised Nextera Energy Partners from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Nextera Energy Partners currently has an average rating of “Hold” and an average target price of $48.28.
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 and solar projects with approximately 4,859 megawatts of capacity, as well as seven contracted natural gas pipeline assets.
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