Securian Asset Management Inc. Sells 1,300 Shares of NextEra Energy Partners, LP (NYSE:NEP)

Securian Asset Management Inc. lessened its stake in shares of NextEra Energy Partners, LP (NYSE:NEPGet Rating) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,688 shares of the solar energy provider’s stock after selling 1,300 shares during the period. Securian Asset Management Inc.’s holdings in NextEra Energy Partners were worth $2,843,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. increased its position in NextEra Energy Partners by 1.7% during the 4th quarter. American Century Companies Inc. now owns 53,051 shares of the solar energy provider’s stock valued at $4,478,000 after buying an additional 905 shares in the last quarter. Duff & Phelps Investment Management Co. increased its position in NextEra Energy Partners by 0.7% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 840,605 shares of the solar energy provider’s stock valued at $63,348,000 after buying an additional 5,725 shares in the last quarter. Cetera Advisor Networks LLC increased its position in NextEra Energy Partners by 72.3% during the 3rd quarter. Cetera Advisor Networks LLC now owns 15,137 shares of the solar energy provider’s stock valued at $1,141,000 after buying an additional 6,350 shares in the last quarter. Avantax Advisory Services Inc. increased its position in NextEra Energy Partners by 15.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 39,658 shares of the solar energy provider’s stock valued at $3,347,000 after buying an additional 5,220 shares in the last quarter. Finally, Van Hulzen Asset Management LLC increased its holdings in shares of NextEra Energy Partners by 2.7% in the 4th quarter. Van Hulzen Asset Management LLC now owns 11,574 shares of the solar energy provider’s stock worth $977,000 after purchasing an additional 300 shares in the last quarter. 81.32% of the stock is owned by institutional investors.

A number of analysts have commented on the company. KeyCorp reduced their target price on NextEra Energy Partners from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Wednesday, April 20th. Wells Fargo & Company reduced their target price on NextEra Energy Partners from $96.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday, January 26th. Credit Suisse Group reduced their target price on NextEra Energy Partners from $87.00 to $78.00 in a report on Wednesday, April 27th. Royal Bank of Canada lifted their target price on NextEra Energy Partners from $80.00 to $86.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 23rd. Finally, TheStreet lowered NextEra Energy Partners from a “b-” rating to a “c+” rating in a report on Tuesday, January 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy Partners presently has an average rating of “Hold” and an average price target of $89.14.

NEP stock opened at $66.33 on Tuesday. The stock has a market cap of $5.57 billion, a P/E ratio of 76.24, a P/E/G ratio of 2.71 and a beta of 0.93. NextEra Energy Partners, LP has a 1 year low of $63.19 and a 1 year high of $88.80. The company has a current ratio of 1.60, a quick ratio of 1.55 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average price of $76.95.

NextEra Energy Partners (NYSE:NEPGet Rating) last released its quarterly earnings results on Thursday, April 21st. The solar energy provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $1.32. The firm had revenue of $281.00 million for the quarter, compared to the consensus estimate of $305.98 million. NextEra Energy Partners had a return on equity of 1.58% and a net margin of 15.13%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the business posted $2.66 EPS. Sell-side analysts expect that NextEra Energy Partners, LP will post 2.48 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 12th. Investors of record on Thursday, May 5th will be given a dividend of $0.7325 per share. The ex-dividend date of this dividend is Wednesday, May 4th. This is an increase from NextEra Energy Partners’s previous quarterly dividend of $0.71. This represents a $2.93 annualized dividend and a yield of 4.42%. NextEra Energy Partners’s payout ratio is 336.78%.

About NextEra Energy Partners (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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