22,103 Shares in NextEra Energy Partners, LP (NYSE:NEP) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in shares of NextEra Energy Partners, LP (NYSE:NEP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,103 shares of the solar energy provider's stock, valued at approximately $639,000.

Several other large investors have also added to or reduced their stakes in NEP. Richardson Financial Services Inc. acquired a new stake in shares of NextEra Energy Partners in the fourth quarter worth $27,000. B. Riley Wealth Advisors Inc. raised its stake in shares of NextEra Energy Partners by 15.5% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 8,763 shares of the solar energy provider's stock valued at $266,000 after buying an additional 1,179 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in shares of NextEra Energy Partners by 46.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,689 shares of the solar energy provider's stock valued at $51,000 after buying an additional 532 shares during the period. Walnut Private Equity Partners LLC boosted its stake in shares of NextEra Energy Partners by 13.0% in the first quarter. Walnut Private Equity Partners LLC now owns 130,000 shares of the solar energy provider's stock worth $3,910,000 after buying an additional 15,000 shares during the last quarter. Finally, &PARTNERS boosted its stake in shares of NextEra Energy Partners by 393.7% in the first quarter. &PARTNERS now owns 12,220 shares of the solar energy provider's stock worth $368,000 after buying an additional 9,745 shares during the last quarter. Hedge funds and other institutional investors own 66.01% of the company's stock.

NextEra Energy Partners Price Performance

NYSE NEP traded down $0.34 during trading hours on Tuesday, hitting $25.62. 1,911,523 shares of the company's stock traded hands, compared to its average volume of 1,405,095. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.30 and a quick ratio of 1.22. The firm's 50-day moving average is $25.53 and its 200-day moving average is $27.97. NextEra Energy Partners, LP has a 52-week low of $21.57 and a 52-week high of $35.15. The company has a market capitalization of $2.40 billion, a PE ratio of 8.41 and a beta of 1.06.

NextEra Energy Partners (NYSE:NEP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The solar energy provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.59 by $0.07. The firm had revenue of $360.00 million during the quarter, compared to analysts' expectations of $365.54 million. NextEra Energy Partners had a negative return on equity of 0.40% and a net margin of 24.42%. The business's revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. Equities analysts forecast that NextEra Energy Partners, LP will post 2.2 EPS for the current fiscal year.

NextEra Energy Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th were given a dividend of $0.905 per share. This is a boost from NextEra Energy Partners's previous quarterly dividend of $0.89. This represents a $3.62 annualized dividend and a yield of 14.13%. The ex-dividend date of this dividend was Tuesday, August 6th. NextEra Energy Partners's dividend payout ratio (DPR) is presently 118.69%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. BMO Capital Markets decreased their price target on NextEra Energy Partners from $32.00 to $28.00 and set an "outperform" rating for the company in a report on Monday, July 22nd. Raymond James lowered shares of NextEra Energy Partners from an "outperform" rating to a "market perform" rating in a research report on Tuesday, July 9th. Morgan Stanley cut shares of NextEra Energy Partners from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $31.00 to $20.00 in a report on Wednesday, July 31st. Wolfe Research lowered shares of NextEra Energy Partners from an "outperform" rating to a "peer perform" rating in a research note on Thursday, July 25th. Finally, Jefferies Financial Group began coverage on NextEra Energy Partners in a research note on Thursday, September 19th. They issued a "buy" rating and a $28.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $29.54.

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.