Anchor Bolt Capital LP increased its position in shares of NextEra Energy Partners, LP (NYSE:NEP) by 95.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 331,566 shares of the solar energy provider’s stock after purchasing an additional 161,716 shares during the quarter. Anchor Bolt Capital LP owned approximately 0.61% of NextEra Energy Partners worth $13,359,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in NextEra Energy Partners by 10.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the solar energy provider’s stock valued at $117,000 after acquiring an additional 298 shares during the last quarter. US Bancorp DE boosted its stake in NextEra Energy Partners by 2,000.0% in the second quarter. US Bancorp DE now owns 4,200 shares of the solar energy provider’s stock valued at $155,000 after acquiring an additional 4,000 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in NextEra Energy Partners by 14.3% in the second quarter. BNP Paribas Arbitrage SA now owns 4,800 shares of the solar energy provider’s stock valued at $178,000 after acquiring an additional 600 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new position in NextEra Energy Partners in the third quarter valued at about $203,000. Finally, Stephens Inc. AR purchased a new position in NextEra Energy Partners in the third quarter valued at about $206,000. Institutional investors and hedge funds own 83.49% of the company’s stock.
NextEra Energy Partners, LP (NEP) traded up $0.48 during midday trading on Friday, hitting $39.36. 178,400 shares of the stock traded hands, compared to its average volume of 276,135. NextEra Energy Partners, LP has a one year low of $23.90 and a one year high of $44.00. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 2.04. The company has a market capitalization of $2,109.28, a price-to-earnings ratio of 28.17, a P/E/G ratio of 3.98 and a beta of 1.19.
NextEra Energy Partners (NYSE:NEP) last posted its quarterly earnings results on Thursday, October 26th. The solar energy provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.36). NextEra Energy Partners had a net margin of 10.38% and a return on equity of 3.57%. The business had revenue of $177.00 million during the quarter, compared to the consensus estimate of $243.16 million. equities research analysts expect that NextEra Energy Partners, LP will post 0.91 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th were given a $0.3925 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.57 annualized dividend and a dividend yield of 3.99%. This is a positive change from NextEra Energy Partners’s previous quarterly dividend of $0.38. NextEra Energy Partners’s payout ratio is 113.77%.
A number of research analysts have weighed in on the stock. Credit Suisse Group assumed coverage on shares of NextEra Energy Partners in a research note on Thursday. They issued an “outperform” rating and a $44.00 target price on the stock. BidaskClub cut shares of NextEra Energy Partners from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research cut shares of NextEra Energy Partners from a “hold” rating to a “sell” rating in a research note on Friday, September 29th. Royal Bank Of Canada reiterated a “hold” rating and issued a $39.00 target price on shares of NextEra Energy Partners in a research note on Tuesday, October 10th. Finally, J P Morgan Chase & Co dropped their target price on shares of NextEra Energy Partners from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, October 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. NextEra Energy Partners presently has a consensus rating of “Hold” and a consensus target price of $39.45.
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NextEra Energy Partners Profile
Nextera Energy Partners, LP is a limited partnership formed to acquire, manage and own contracted clean energy projects. The Company, through its limited partnership interest in NextEra Energy Operating Partners, LP (NEP OpCo), owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets.
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