Flputnam Investment Management Co. Has $3.10 Million Stake in NextEra Energy Partners, LP (NYSE:NEP)

Flputnam Investment Management Co. grew its holdings in NextEra Energy Partners, LP (NYSE:NEP - Free Report) by 148.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,074 shares of the solar energy provider's stock after acquiring an additional 61,018 shares during the quarter. Flputnam Investment Management Co. owned 0.11% of NextEra Energy Partners worth $3,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in NextEra Energy Partners by 2.8% during the first 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. increased its position in shares of NextEra Energy Partners by 43.2% during the first 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 period. Private Advisor Group LLC raised its stake in shares of NextEra Energy Partners by 123.8% in the first 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 in the last quarter. PNC Financial Services Group Inc. lifted its position in NextEra Energy Partners by 8.7% in the first quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the solar energy provider's stock worth $406,000 after purchasing an additional 390 shares during the period. Finally, Bank of Montreal Can boosted its stake in NextEra Energy Partners by 0.6% during the first quarter. Bank of Montreal Can now owns 65,199 shares of the solar energy provider's stock worth $5,488,000 after buying an additional 402 shares in the last quarter. Institutional investors and hedge funds own 66.01% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NEP. Marathon Capitl reaffirmed an "equal weight" rating on shares of NextEra Energy Partners in a report on Tuesday, March 26th. Evercore ISI assumed coverage on NextEra Energy Partners in a research note on Tuesday, February 13th. They issued an "outperform" rating and a $43.00 price objective on the stock. StockNews.com raised NextEra Energy Partners to a "sell" rating in a report on Tuesday, March 19th. Barclays began coverage on NextEra Energy Partners in a research note on Wednesday, April 10th. They issued an "equal weight" rating and a $32.00 price target on the stock. Finally, Raymond James dropped their price objective on NextEra Energy Partners from $50.00 to $45.00 and set an "outperform" rating for the company in a research note on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy Partners has an average rating of "Hold" and an average target price of $45.53.

NextEra Energy Partners Price Performance

Shares of NYSE NEP traded up $0.37 during trading on Wednesday, reaching $27.37. The company had a trading volume of 1,647,231 shares, compared to its average volume of 1,374,725. NextEra Energy Partners, LP has a 52 week low of $20.17 and a 52 week high of $64.43. The business's 50 day moving average price is $28.35 and its 200-day moving average price is $27.18. The stock has a market cap of $2.56 billion, a PE ratio of 12.85 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.28 and a current ratio of 1.33.

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 during the quarter, compared to the consensus estimate of $360.03 million. NextEra Energy Partners had a negative return on equity of 1.06% and a net margin of 16.00%. Analysts expect that NextEra Energy Partners, LP will post 0.9 earnings per share for the current year.

NextEra Energy Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 12.86%. The ex-dividend date of this dividend was Monday, February 5th. This is a positive change from NextEra Energy Partners's previous quarterly dividend of $0.87. NextEra Energy Partners's dividend payout ratio is 165.26%.

About NextEra Energy Partners

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.