Pathway Financial Advisers LLC Boosts Stock Position in NextEra Energy Partners, LP (NYSE:NEP)

Pathway Financial Advisers LLC boosted its holdings in shares of NextEra Energy Partners, LP (NYSE:NEP) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,110 shares of the solar energy provider’s stock after acquiring an additional 1,747 shares during the quarter. Pathway Financial Advisers LLC owned 0.05% of NextEra Energy Partners worth $1,384,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hexagon Capital Partners LLC raised its position in NextEra Energy Partners by 208.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 928 shares of the solar energy provider’s stock valued at $28,000 after purchasing an additional 627 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in NextEra Energy Partners during the 1st quarter valued at $36,000. FinTrust Capital Advisors LLC bought a new stake in NextEra Energy Partners during the 1st quarter valued at $45,000. Northwestern Mutual Wealth Management Co. raised its position in NextEra Energy Partners by 150.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,665 shares of the solar energy provider’s stock valued at $46,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Larson Financial Group LLC bought a new stake in NextEra Energy Partners during the 1st quarter valued at $48,000. 66.01% of the stock is owned by institutional investors.

NextEra Energy Partners Stock Down 0.5 %

NextEra Energy Partners stock opened at $19.18 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. The business’s 50-day simple moving average is $25.21 and its two-hundred day simple moving average is $27.53. The company has a market cap of $1.79 billion, a PE ratio of 8.80 and a beta of 1.06. NextEra Energy Partners, LP has a fifty-two week low of $19.16 and a fifty-two week high of $35.15.

NextEra Energy Partners (NYSE:NEP) last issued its earnings results on Wednesday, October 23rd. The solar energy provider reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.94). NextEra Energy Partners had a negative return on equity of 1.07% and a net margin of 17.47%. The company had revenue of $319.00 million during the quarter, compared to analysts’ expectations of $332.25 million. During the same quarter in the previous year, the company earned $0.57 EPS. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities analysts anticipate that NextEra Energy Partners, LP will post 1.77 EPS for the current year.

NextEra Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Wednesday, November 6th will be paid a $0.9175 dividend. This is an increase from NextEra Energy Partners’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, November 6th. This represents a $3.67 dividend on an annualized basis and a dividend yield of 19.13%. NextEra Energy Partners’s dividend payout ratio is presently 166.06%.

Wall Street Analysts Forecast Growth

NEP has been the subject of several recent research reports. Guggenheim lowered NextEra Energy Partners from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $37.00 to $22.00 in a research report on Monday. JPMorgan Chase & Co. raised NextEra Energy Partners from an “underweight” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $22.00 in a research report on Thursday, October 24th. Evercore ISI reduced their price target on NextEra Energy Partners from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. StockNews.com raised NextEra Energy Partners to a “sell” rating in a research report on Thursday, July 25th. Finally, UBS Group reduced their price target on NextEra Energy Partners from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Monday, September 30th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.69.

NextEra Energy Partners 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.