International Assets Investment Management LLC Increases Stock Holdings in NextEra Energy Partners, LP (NYSE:NEP)

International Assets Investment Management LLC grew its stake in shares of NextEra Energy Partners, LP (NYSE:NEP - Free Report) by 2,514.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,142 shares of the solar energy provider's stock after buying an additional 94,388 shares during the period. International Assets Investment Management LLC owned 0.10% of NextEra Energy Partners worth $2,711,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ameritas Advisory Services LLC boosted its stake in NextEra Energy Partners by 1.4% in the second quarter. Ameritas Advisory Services LLC now owns 29,190 shares of the solar energy provider's stock worth $807,000 after buying an additional 412 shares in the last quarter. Brown Miller Wealth Management LLC boosted its stake in NextEra Energy Partners by 2.4% in the third quarter. Brown Miller Wealth Management LLC now owns 18,459 shares of the solar energy provider's stock worth $509,000 after buying an additional 433 shares in the last quarter. Pathway Financial Advisers LLC boosted its stake in NextEra Energy Partners by 0.9% in the second quarter. Pathway Financial Advisers LLC now owns 48,363 shares of the solar energy provider's stock worth $1,336,000 after buying an additional 454 shares in the last quarter. Arizona State Retirement System boosted its stake in NextEra Energy Partners by 2.0% in the second quarter. Arizona State Retirement System now owns 26,186 shares of the solar energy provider's stock worth $724,000 after buying an additional 509 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its stake in NextEra Energy Partners by 4.6% in the second quarter. Jaffetilchin Investment Partners LLC now owns 13,088 shares of the solar energy provider's stock worth $362,000 after buying an additional 581 shares in the last quarter. 66.01% of the stock is currently owned by institutional investors.

NextEra Energy Partners Trading Down 0.5 %

Shares of NextEra Energy Partners stock traded down $0.10 during midday trading on Friday, reaching $19.25. 2,126,615 shares of the company's stock traded hands, compared to its average volume of 2,331,670. The stock has a 50 day moving average of $24.83 and a 200-day moving average of $27.36. 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 company has a market cap of $1.80 billion, a PE ratio of 8.83 and a beta of 1.10. NextEra Energy Partners, LP has a 12 month low of $19.03 and a 12 month high of $35.15.

NextEra Energy Partners (NYSE:NEP - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The solar energy provider reported ($0.43) earnings per share (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 firm had revenue of $319.00 million during the quarter, compared to the consensus estimate of $332.25 million. During the same quarter last year, the company posted $0.57 EPS. NextEra Energy Partners's revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities analysts expect that NextEra Energy Partners, LP will post 1.45 EPS for the current fiscal year.

NextEra Energy Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Wednesday, November 6th will be given a dividend of $0.9175 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This is a boost from NextEra Energy Partners's previous quarterly dividend of $0.91. This represents a $3.67 annualized dividend and a dividend yield of 19.06%. NextEra Energy Partners's dividend payout ratio (DPR) is 166.06%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NEP shares. UBS Group cut 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. Barclays reissued an "underweight" rating and set a $25.00 price objective on shares of NextEra Energy Partners in a research note on Friday, October 4th. Jefferies Financial Group dropped their price objective on NextEra Energy Partners from $28.00 to $27.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. CIBC dropped their price objective on NextEra Energy Partners from $34.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday, October 22nd. Finally, Guggenheim lowered NextEra Energy Partners from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $37.00 to $22.00 in a research note on Monday, October 28th. Four research 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. According to data from MarketBeat.com, NextEra Energy Partners has an average rating of "Hold" and a consensus price target 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.