NextEra Energy Partners, LP (NYSE:NEP) Shares Sold by Syntax Research Inc.

Syntax Research Inc. lessened its holdings in NextEra Energy Partners, LP (NYSE:NEP - Free Report) by 97.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,081 shares of the solar energy provider's stock after selling 36,493 shares during the quarter. Syntax Research Inc.'s holdings in NextEra Energy Partners were worth $33,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its stake in shares of NextEra Energy Partners by 31.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,044,197 shares of the solar energy provider's stock worth $31,013,000 after buying an additional 246,908 shares during the last quarter. Tudor Investment Corp Et Al lifted its stake in shares of NextEra Energy Partners by 477.2% during the 3rd quarter. Tudor Investment Corp Et Al now owns 238,288 shares of the solar energy provider's stock worth $7,077,000 after buying an additional 197,002 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in shares of NextEra Energy Partners by 1,557.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 319,287 shares of the solar energy provider's stock worth $9,483,000 after buying an additional 300,027 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of NextEra Energy Partners by 14.1% during the 3rd quarter. HighTower Advisors LLC now owns 839,956 shares of the solar energy provider's stock worth $24,911,000 after buying an additional 104,055 shares during the last quarter. Finally, Lavaca Capital LLC lifted its stake in shares of NextEra Energy Partners by 144.4% during the 3rd quarter. Lavaca Capital LLC now owns 37,400 shares of the solar energy provider's stock worth $1,111,000 after buying an additional 22,100 shares during the last quarter. Institutional investors and hedge funds own 66.01% of the company's stock.

NextEra Energy Partners Stock Down 1.7 %

Shares of NextEra Energy Partners stock traded down $0.48 during trading on Monday, reaching $27.07. 1,819,947 shares of the company traded hands, compared to its average volume of 1,368,317. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.33 and a quick ratio of 1.28. NextEra Energy Partners, LP has a 1-year low of $20.17 and a 1-year high of $64.43. The company has a 50 day moving average price of $28.39 and a 200-day moving average price of $27.20. The firm has a market capitalization of $2.53 billion, a PE ratio of 12.71 and a beta of 1.00.

NextEra Energy Partners (NYSE:NEP - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The solar energy provider reported ($0.35) 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 the consensus estimate of $360.03 million. NextEra Energy Partners had a net margin of 16.00% and a negative return on equity of 1.06%. As a group, equities research 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 company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were paid a $0.88 dividend. This is a positive change from NextEra Energy Partners's previous quarterly dividend of $0.87. The ex-dividend date was Monday, February 5th. This represents a $3.52 annualized dividend and a dividend yield of 13.00%. NextEra Energy Partners's dividend payout ratio is presently 165.26%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays began coverage on shares of NextEra Energy Partners in a research note on Wednesday, April 10th. They set an "equal weight" rating and a $32.00 target price for the company. Raymond James lowered their price target on shares of NextEra Energy Partners from $50.00 to $45.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 3rd. Marathon Capitl reaffirmed an "equal weight" rating on shares of NextEra Energy Partners in a research report on Tuesday, March 26th. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy Partners from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Friday, January 26th. Finally, StockNews.com raised shares of NextEra Energy Partners to a "sell" rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $45.53.

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.