GSA Capital Partners LLP Purchases 33,353 Shares of NextEra Energy Partners, LP (NYSE:NEP)

GSA Capital Partners LLP boosted its stake in NextEra Energy Partners, LP (NYSE:NEP - Free Report) by 266.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,856 shares of the solar energy provider's stock after purchasing an additional 33,353 shares during the period. GSA Capital Partners LLP's holdings in NextEra Energy Partners were worth $1,267,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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 during the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of NextEra Energy Partners during the second quarter valued at approximately $51,000. Eastern Bank purchased a new stake in NextEra Energy Partners in the third quarter worth $57,000. Central Bank & Trust Co. purchased a new stake in NextEra Energy Partners in the second quarter worth $99,000. Finally, International Assets Investment Management LLC bought a new stake in NextEra Energy Partners in the second quarter valued at $104,000. Institutional investors own 66.01% of the company's stock.

NextEra Energy Partners Stock Performance

NYSE NEP traded down $0.53 on Friday, reaching $16.45. 1,908,058 shares of the stock were exchanged, compared to its average volume of 1,572,220. The firm has a market capitalization of $1.54 billion, a PE ratio of 7.55 and a beta of 1.10. NextEra Energy Partners, LP has a one year low of $15.55 and a one year high of $35.15. The company's 50-day simple moving average is $23.42 and its two-hundred day simple moving average is $26.64. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37.

NextEra Energy Partners (NYSE:NEP - Get Free Report) last posted its quarterly 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 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 the consensus estimate of $332.25 million. During the same period in the prior year, the business earned $0.57 earnings per share. NextEra Energy Partners's revenue was up 3.6% compared to the same quarter last year. Analysts expect that NextEra Energy Partners, LP will post 1.41 EPS for the current fiscal year.

NextEra Energy Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.9175 per share. This is a positive change from NextEra Energy Partners's previous quarterly dividend of $0.91. This represents a $3.67 dividend on an annualized basis and a yield of 22.31%. The ex-dividend date was Wednesday, November 6th. NextEra Energy Partners's dividend payout ratio (DPR) is 168.35%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NEP shares. StockNews.com raised shares of NextEra Energy Partners to a "sell" rating in a research report on Thursday, July 25th. Mizuho cut their price objective on NextEra Energy Partners from $33.00 to $26.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised NextEra Energy Partners from an "underweight" rating to a "neutral" rating and decreased their target price for the stock from $25.00 to $22.00 in a research report on Thursday, October 24th. UBS Group lowered their target price on NextEra Energy Partners from $28.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, September 30th. Finally, Jefferies Financial Group reduced their price target on NextEra Energy Partners from $28.00 to $27.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, NextEra Energy Partners has an average rating of "Hold" and an average target price of $26.69.

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.