Fort Sheridan Advisors LLC Has $3.44 Million Stock Holdings in NextEra Energy Partners, LP (NYSE:NEP)

Fort Sheridan Advisors LLC grew its holdings in NextEra Energy Partners, LP (NYSE:NEP) by 36.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 113,219 shares of the solar energy provider’s stock after acquiring an additional 30,394 shares during the period. NextEra Energy Partners makes up 0.7% of Fort Sheridan Advisors LLC’s portfolio, making the stock its 29th biggest position. Fort Sheridan Advisors LLC’s holdings in NextEra Energy Partners were worth $3,443,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. CWM LLC grew its holdings in shares of NextEra Energy Partners by 160.2% in the 4th quarter. CWM LLC now owns 830 shares of the solar energy provider’s stock worth $25,000 after purchasing an additional 511 shares during the last quarter. MV Capital Management Inc. bought a new stake in shares of NextEra Energy Partners in the 4th quarter worth about $30,000. Heritage Wealth Advisors bought a new stake in shares of NextEra Energy Partners in the 4th quarter worth about $33,000. Parkside Financial Bank & Trust grew its holdings in shares of NextEra Energy Partners by 60.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,208 shares of the solar energy provider’s stock worth $36,000 after purchasing an additional 454 shares during the last quarter. Finally, CI Investments Inc. grew its holdings in NextEra Energy Partners by 1,418.2% during the 3rd quarter. CI Investments Inc. now owns 1,837 shares of the solar energy provider’s stock worth $55,000 after acquiring an additional 1,716 shares during the last quarter. Institutional investors and hedge funds own 66.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NEP shares. Mizuho lowered shares of NextEra Energy Partners from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a report on Wednesday. Barclays lowered shares of NextEra Energy Partners from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $32.00 to $25.00 in a report on Thursday. Raymond James decreased their price objective on shares of NextEra Energy Partners from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, April 3rd. JPMorgan Chase & Co. reissued an “underweight” rating and set a $25.00 price objective on shares of NextEra Energy Partners in a report on Thursday, May 23rd. Finally, StockNews.com raised shares of NextEra Energy Partners to a “sell” rating in a report on Tuesday, March 19th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $38.79.

NextEra Energy Partners Trading Down 7.4 %

Shares of NYSE:NEP traded down $2.32 during mid-day trading on Thursday, reaching $28.88. The stock had a trading volume of 3,555,052 shares, compared to its average volume of 1,439,942. The firm has a market cap of $2.70 billion, a PE ratio of 9.59 and a beta of 1.07. The firm has a 50 day simple moving average of $30.96 and a two-hundred day simple moving average of $29.25. The company has a current ratio of 1.36, a quick ratio of 1.31 and a debt-to-equity ratio of 0.35. NextEra Energy Partners, LP has a twelve month low of $20.17 and a twelve month high of $63.18.

NextEra Energy Partners (NYSE:NEP) last announced its earnings results on Monday, April 22nd. The solar energy provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.12 by $0.63. The firm had revenue of $257.00 million for the quarter, compared to the consensus estimate of $331.78 million. NextEra Energy Partners had a net margin of 23.55% and a negative return on equity of 0.48%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted ($0.17) EPS. On average, research analysts predict that NextEra Energy Partners, LP will post 1.89 EPS for the current fiscal year.

NextEra Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.8925 per share. This is a boost from NextEra Energy Partners’s previous quarterly dividend of $0.88. This represents a $3.57 annualized dividend and a dividend yield of 12.36%. The ex-dividend date of this dividend was Monday, May 6th. NextEra Energy Partners’s dividend payout ratio (DPR) is currently 117.05%.

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.