NextEra Energy Partners, LP (NYSE:NEP) Stock Position Decreased by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI lowered its holdings in shares of NextEra Energy Partners, LP (NYSE:NEP - Free Report) by 50.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,073 shares of the solar energy provider's stock after selling 48,370 shares during the quarter. Parsons Capital Management Inc. RI owned approximately 0.05% of NextEra Energy Partners worth $1,431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NEP. JPMorgan Chase & Co. increased its position in shares of NextEra Energy Partners by 2.8% during the 1st quarter. JPMorgan Chase & Co. now owns 29,854 shares of the solar energy provider's stock valued at $2,488,000 after purchasing an additional 800 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of NextEra Energy Partners by 43.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,474 shares of the solar energy provider's stock valued at $790,000 after purchasing an additional 2,858 shares during the last quarter. Private Advisor Group LLC increased its position in shares of NextEra Energy Partners by 123.8% during the 1st quarter. Private Advisor Group LLC now owns 5,466 shares of the solar energy provider's stock valued at $456,000 after purchasing an additional 3,024 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of NextEra Energy Partners by 8.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the solar energy provider's stock valued at $406,000 after purchasing an additional 390 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of NextEra Energy Partners by 0.6% during the 1st quarter. Bank of Montreal Can now owns 65,199 shares of the solar energy provider's stock valued at $5,488,000 after purchasing an additional 402 shares during the last quarter. Hedge funds and other institutional investors own 66.01% of the company's stock.

NextEra Energy Partners Trading Down 1.5 %

NYSE:NEP traded down $0.43 during trading hours on Tuesday, hitting $29.19. The company had a trading volume of 945,746 shares, compared to its average volume of 1,392,335. The company has a current ratio of 1.33, a quick ratio of 1.28 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $28.47 and a 200 day moving average of $28.40. The company has a market cap of $2.73 billion, a P/E ratio of 13.64, a P/E/G ratio of 2.29 and a beta of 1.00. NextEra Energy Partners, LP has a 1 year low of $20.17 and a 1 year high of $64.43.

NextEra Energy Partners (NYSE:NEP - Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The solar energy provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.38). The business had revenue of $232.00 million for the quarter, compared to analyst estimates of $360.03 million. NextEra Energy Partners had a negative return on equity of 1.06% and a net margin of 16.00%. Sell-side analysts expect that NextEra Energy Partners, LP will post 0.89 earnings per share 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. This represents a $3.52 dividend on an annualized basis and a dividend yield of 12.06%. This is an increase from NextEra Energy Partners's previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Monday, February 5th. NextEra Energy Partners's dividend payout ratio (DPR) is presently 165.26%.

Analyst Ratings Changes

Several research firms recently issued reports on NEP. Mizuho reduced their target price on shares of NextEra Energy Partners from $40.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday, December 12th. Marathon Capitl reissued an "equal weight" rating on shares of NextEra Energy Partners in a report on Tuesday, March 26th. StockNews.com raised shares of NextEra Energy Partners to a "sell" rating in a report on Tuesday, March 19th. Evercore ISI started coverage on shares of NextEra Energy Partners in a report on Tuesday, February 13th. They issued an "outperform" rating and a $43.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy Partners from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $47.31.

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.