GSA Capital Partners LLP Boosts Stock Holdings in NextEra Energy Partners, LP (NYSE:NEP)

GSA Capital Partners LLP boosted its stake in shares of NextEra Energy Partners, LP (NYSE:NEPGet Rating) by 188.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,856 shares of the solar energy provider’s stock after acquiring an additional 9,702 shares during the period. GSA Capital Partners LLP’s holdings in NextEra Energy Partners were worth $1,254,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Artemis Investment Management LLP grew its stake in NextEra Energy Partners by 6.4% during the fourth quarter. Artemis Investment Management LLP now owns 1,258,599 shares of the solar energy provider’s stock valued at $106,149,000 after acquiring an additional 75,643 shares in the last quarter. Pictet Asset Management SA grew its stake in shares of NextEra Energy Partners by 7.1% in the 4th quarter. Pictet Asset Management SA now owns 1,226,484 shares of the solar energy provider’s stock worth $103,515,000 after buying an additional 81,371 shares in the last quarter. Royal Bank of Canada grew its stake in shares of NextEra Energy Partners by 277.3% in the 3rd quarter. Royal Bank of Canada now owns 1,060,073 shares of the solar energy provider’s stock worth $79,886,000 after buying an additional 779,074 shares in the last quarter. Bank of America Corp DE grew its stake in shares of NextEra Energy Partners by 2.0% in the 4th quarter. Bank of America Corp DE now owns 944,073 shares of the solar energy provider’s stock worth $79,680,000 after buying an additional 18,600 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of NextEra Energy Partners by 8.2% in the 3rd quarter. Morgan Stanley now owns 774,825 shares of the solar energy provider’s stock worth $58,391,000 after buying an additional 58,885 shares in the last quarter. 81.32% of the stock is owned by institutional investors.

NEP traded up $0.28 on Wednesday, reaching $68.28. 9,000 shares of the company traded hands, compared to its average volume of 526,437. NextEra Energy Partners, LP has a one year low of $61.31 and a one year high of $88.80. The firm has a fifty day simple moving average of $73.70 and a two-hundred day simple moving average of $77.70. The company has a market cap of $5.73 billion, a P/E ratio of 78.16, a price-to-earnings-growth ratio of 2.62 and a beta of 0.93. The company has a quick ratio of 1.55, a current ratio of 1.60 and a debt-to-equity ratio of 0.48.

NextEra Energy Partners (NYSE:NEPGet Rating) last announced its quarterly earnings data on Thursday, April 21st. The solar energy provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $1.30. NextEra Energy Partners had a net margin of 15.13% and a return on equity of 1.58%. The company had revenue of $281.00 million during the quarter, compared to analyst estimates of $305.98 million. During the same quarter last year, the business posted $2.66 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities analysts forecast that NextEra Energy Partners, LP will post 2.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 12th. Stockholders of record on Thursday, May 5th were issued a $0.7325 dividend. The ex-dividend date was Wednesday, May 4th. This represents a $2.93 annualized dividend and a dividend yield of 4.29%. This is a positive change from NextEra Energy Partners’s previous quarterly dividend of $0.71. NextEra Energy Partners’s payout ratio is currently 336.78%.

A number of equities analysts have commented on NEP shares. StockNews.com raised shares of NextEra Energy Partners from a “sell” rating to a “hold” rating in a research note on Sunday, April 3rd. Raymond James cut shares of NextEra Energy Partners from a “market perform” rating to an “underperform” rating in a research note on Tuesday, April 5th. Royal Bank of Canada lifted their price objective on shares of NextEra Energy Partners from $80.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 23rd. Morgan Stanley dropped their price target on shares of NextEra Energy Partners from $95.00 to $93.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 20th. Finally, TheStreet cut shares of NextEra Energy Partners from a “b-” rating to a “c+” rating in a research note on Tuesday, January 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $89.14.

NextEra Energy Partners Company Profile (Get Rating)

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 and solar projects, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida.

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Institutional Ownership by Quarter for NextEra Energy Partners (NYSE:NEP)

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