UMB Bank n.a. Sells 42,850 Shares of NextEra Energy Partners, LP (NYSE:NEP)

UMB Bank n.a. decreased its position in NextEra Energy Partners, LP (NYSE:NEP - Free Report) by 97.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,220 shares of the solar energy provider's stock after selling 42,850 shares during the period. UMB Bank n.a.'s holdings in NextEra Energy Partners were worth $37,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEP. JPMorgan Chase & Co. grew 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 acquiring an additional 800 shares during the period. Cambridge Investment Research Advisors Inc. grew 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 acquiring an additional 2,858 shares during the period. Private Advisor Group LLC grew 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 acquiring an additional 3,024 shares during the period. PNC Financial Services Group Inc. grew 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 acquiring an additional 390 shares during the period. Finally, Bank of Montreal Can grew 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 acquiring an additional 402 shares during the period. Hedge funds and other institutional investors own 66.01% of the company's stock.

NextEra Energy Partners Price Performance

Shares of NextEra Energy Partners stock traded up $0.08 on Monday, hitting $29.34. 714,086 shares of the company traded hands, compared to its average volume of 1,355,297. The firm's 50-day simple moving average is $28.53 and its 200 day simple moving average is $27.69. 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 market cap of $2.74 billion, a P/E ratio of 13.77 and a beta of 1.00. NextEra Energy Partners, LP has a 12-month low of $20.17 and a 12-month high of $64.43.

NextEra Energy Partners (NYSE:NEP - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The solar energy provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.38). The company had revenue of $232.00 million for the quarter, compared to analysts' expectations of $360.03 million. NextEra Energy Partners had a net margin of 16.00% and a negative return on equity of 1.06%. Analysts expect that NextEra Energy Partners, LP will post 0.9 earnings per share for the current fiscal year.

NextEra Energy Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $3.52 annualized dividend and a dividend yield of 12.00%. This is a boost from NextEra Energy Partners's previous quarterly dividend of $0.87. NextEra Energy Partners's dividend payout ratio (DPR) is 165.26%.

Analyst Upgrades and Downgrades

Several research firms recently commented on NEP. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy Partners from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Friday, January 26th. Mizuho cut their price objective 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. StockNews.com raised shares of NextEra Energy Partners to a "sell" rating in a report on Tuesday, March 19th. Marathon Capitl reaffirmed an "equal weight" rating on shares of NextEra Energy Partners in a report on Tuesday, March 26th. Finally, Evercore ISI began coverage on shares of NextEra Energy Partners in a report on Tuesday, February 13th. They issued an "outperform" rating and a $43.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy Partners has a consensus rating of "Hold" and a consensus target price of $46.38.

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.