NextEra Energy Partners, LP (NYSE:NEP) Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC boosted its holdings in shares of NextEra Energy Partners, LP (NYSE:NEP – Get Rating) by 6.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,468 shares of the solar energy provider’s stock after purchasing an additional 1,963 shares during the period. Aptus Capital Advisors LLC’s holdings in NextEra Energy Partners were worth $2,707,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. National Asset Management Inc. lifted its position in shares of NextEra Energy Partners by 3.0% in the 1st quarter. National Asset Management Inc. now owns 8,245 shares of the solar energy provider’s stock valued at $688,000 after acquiring an additional 237 shares in the last quarter. American Century Companies Inc. lifted its position in shares of NextEra Energy Partners by 1.7% in 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 acquiring an additional 905 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in shares of NextEra Energy Partners in the 4th quarter valued at approximately $74,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of NextEra Energy Partners in the 1st quarter valued at approximately $36,000. Finally, Vectors Research Management LLC lifted its position in shares of NextEra Energy Partners by 9.3% in the 4th quarter. Vectors Research Management LLC now owns 7,098 shares of the solar energy provider’s stock valued at $599,000 after acquiring an additional 605 shares in the last quarter. 81.32% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Partners Price Performance

Shares of NYSE:NEP opened at $80.00 on Thursday. NextEra Energy Partners, LP has a fifty-two week low of $61.31 and a fifty-two week high of $88.80. The business has a 50-day moving average of $73.39 and a two-hundred day moving average of $74.32. The stock has a market capitalization of $6.71 billion, a P/E ratio of 17.98, a P/E/G ratio of 2.99 and a beta of 0.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.60 and a quick ratio of 1.55.

NextEra Energy Partners (NYSE:NEP – Get Rating) last announced its quarterly earnings results on Friday, July 22nd. The solar energy provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $2.24. NextEra Energy Partners had a return on equity of 4.40% and a net margin of 39.66%. The company had revenue of $362.00 million during the quarter, compared to analysts’ expectations of $345.09 million. During the same quarter in the previous year, the firm earned ($0.97) earnings per share. The business’s quarterly revenue was up 43.1% compared to the same quarter last year. On average, equities research analysts predict that NextEra Energy Partners, LP will post 2.7 EPS for the current fiscal year.

NextEra Energy Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Thursday, August 4th will be given a dividend of $0.7625 per share. This represents a $3.05 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, August 3rd. This is a boost from NextEra Energy Partners’s previous quarterly dividend of $0.73. NextEra Energy Partners’s payout ratio is currently 65.84%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. CIBC assumed coverage on shares of NextEra Energy Partners in a research note on Thursday, June 9th. They issued a “neutral” rating and a $79.00 price objective on the stock. Royal Bank of Canada upgraded NextEra Energy Partners from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $86.00 to $89.00 in a research note on Friday, June 17th. TheStreet upgraded NextEra Energy Partners from a “c” rating to a “b-” rating in a research note on Thursday, June 30th. StockNews.com upgraded NextEra Energy Partners from a “sell” rating to a “hold” rating in a research note on Sunday, April 3rd. Finally, KeyCorp boosted their target price on NextEra Energy Partners from $83.00 to $86.00 and gave the company an “overweight” rating in a research note on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.00.

NextEra Energy Partners Company Profile

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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.