180 Wealth Advisors LLC Purchases Shares of 20,690 NextEra Energy Partners, LP (NYSE:NEP)

180 Wealth Advisors LLC bought a new stake in NextEra Energy Partners, LP (NYSE:NEP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,690 shares of the solar energy provider's stock, valued at approximately $368,000.

Several other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its position in NextEra Energy Partners by 150.4% in 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 acquiring an additional 1,000 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of NextEra Energy Partners in the second quarter worth about $51,000. Eastern Bank purchased a new position in NextEra Energy Partners in the 3rd quarter worth about $57,000. McIlrath & Eck LLC purchased a new position in NextEra Energy Partners in the 3rd quarter worth about $63,000. Finally, Central Pacific Bank Trust Division lifted its holdings in NextEra Energy Partners by 153.1% during the 4th quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider's stock valued at $110,000 after buying an additional 3,750 shares in the last quarter. Institutional investors own 66.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NEP. Jefferies Financial Group reduced their target price on shares of NextEra Energy Partners from $28.00 to $27.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Scotiabank reduced their price objective on NextEra Energy Partners from $26.00 to $15.00 and set a "sector perform" rating on the stock in a report on Thursday, December 12th. BNP Paribas assumed coverage on NextEra Energy Partners in a research report on Tuesday, October 1st. They set an "underperform" rating and a $15.00 target price for the company. Evercore ISI dropped their price target on NextEra Energy Partners from $32.00 to $30.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Finally, Guggenheim downgraded NextEra Energy Partners from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $37.00 to $22.00 in a report on Monday, October 28th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $24.64.

NextEra Energy Partners Stock Up 0.6 %

NYSE:NEP traded up $0.11 during midday trading on Thursday, reaching $16.88. 1,358,436 shares of the stock traded hands, compared to its average volume of 1,353,334. The stock has a market capitalization of $1.58 billion, a PE ratio of 7.74 and a beta of 1.06. NextEra Energy Partners, LP has a 12-month low of $15.55 and a 12-month high of $35.15. 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 has a 50-day moving average of $17.54 and a two-hundred day moving average of $22.49.

NextEra Energy Partners (NYSE:NEP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The solar energy provider reported ($0.43) EPS for the quarter, missing the consensus estimate of $0.51 by ($0.94). NextEra Energy Partners had a net margin of 17.47% and a negative return on equity of 1.07%. The business had revenue of $319.00 million for the quarter, compared to analysts' expectations of $332.25 million. During the same quarter in the prior year, the company posted $0.57 EPS. The business's revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities analysts forecast that NextEra Energy Partners, LP will post 2.04 earnings per share for the current fiscal year.

NextEra Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Wednesday, November 6th were issued a $0.9175 dividend. This represents a $3.67 annualized dividend and a yield of 21.75%. The ex-dividend date was Wednesday, November 6th. This is an increase from NextEra Energy Partners's previous quarterly dividend of $0.91. NextEra Energy Partners's dividend payout ratio (DPR) is currently 168.35%.

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.