Brown Miller Wealth Management LLC Has $380,000 Stock Position in NextEra Energy Partners, LP (NYSE:NEP)

Brown Miller Wealth Management LLC lifted its position in shares of NextEra Energy Partners, LP (NYSE:NEP) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,487 shares of the solar energy provider’s stock after purchasing an additional 1,014 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in NextEra Energy Partners were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NEP. JPMorgan Chase & Co. boosted its stake in NextEra Energy Partners by 2.8% during the first quarter. JPMorgan Chase & Co. now owns 29,854 shares of the solar energy provider’s stock worth $2,488,000 after buying an additional 800 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of NextEra Energy Partners by 43.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,474 shares of the solar energy provider’s stock valued at $790,000 after purchasing an additional 2,858 shares during the period. Private Advisor Group LLC grew its position in NextEra Energy Partners by 123.8% in the first quarter. Private Advisor Group LLC now owns 5,466 shares of the solar energy provider’s stock valued at $456,000 after acquiring an additional 3,024 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of NextEra Energy Partners by 8.7% during the first quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the solar energy provider’s stock valued at $406,000 after acquiring an additional 390 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of NextEra Energy Partners by 0.6% in the 1st quarter. Bank of Montreal Can now owns 65,199 shares of the solar energy provider’s stock valued at $5,488,000 after purchasing an additional 402 shares in the last quarter. Institutional investors and hedge funds own 66.01% of the company’s stock.

NextEra Energy Partners Stock Performance

Shares of NYSE:NEP traded up $1.10 during trading on Thursday, hitting $30.10. 1,540,290 shares of the company were exchanged, compared to its average volume of 1,404,888. NextEra Energy Partners, LP has a 52-week low of $20.17 and a 52-week high of $64.43. The stock has a 50 day moving average of $28.33 and a 200 day moving average of $28.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.33 and a quick ratio of 1.28. The company has a market cap of $2.81 billion, a PE ratio of 14.13, a P/E/G ratio of 2.12 and a beta of 1.00.

NextEra Energy Partners (NYSE:NEP) last posted its earnings results on Thursday, January 25th. The solar energy provider reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.38). The firm had revenue of $232.00 million for the quarter, compared to the consensus estimate of $360.03 million. NextEra Energy Partners had a negative return on equity of 1.06% and a net margin of 16.00%. As a group, equities research analysts predict that NextEra Energy Partners, LP will post 0.89 EPS for the current year.

NextEra Energy Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th were given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 11.69%. This is a boost from NextEra Energy Partners’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Monday, February 5th. NextEra Energy Partners’s dividend payout ratio is 165.26%.

Wall Street Analysts Forecast Growth

NEP has been the topic of several research analyst reports. StockNews.com raised shares of NextEra Energy Partners to a “sell” rating in a research note on Tuesday, March 19th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy Partners from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Mizuho lowered their price target on shares of NextEra Energy Partners from $40.00 to $33.00 and set a “buy” rating for the company in a report on Tuesday, December 12th. CIBC downgraded shares of NextEra Energy Partners from a “sector outperform” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research report on Tuesday, January 9th. Finally, Evercore ISI started coverage on NextEra Energy Partners in a report on Tuesday, February 13th. They issued an “outperform” rating and a $43.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $47.31.

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.