Andrew Hill Investment Advisors Inc. Purchases New Position in NextEra Energy Partners, LP (NYSE:NEP)

Andrew Hill Investment Advisors Inc. purchased a new stake in shares of NextEra Energy Partners, LP (NYSE:NEP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 68,678 shares of the solar energy provider’s stock, valued at approximately $2,088,000. NextEra Energy Partners makes up 2.2% of Andrew Hill Investment Advisors Inc.’s portfolio, making the stock its 24th biggest position.

Several other institutional investors also recently bought and sold shares of NEP. ClearBridge Investments Ltd grew its holdings in NextEra Energy Partners by 64.4% in the third quarter. ClearBridge Investments Ltd now owns 3,583,336 shares of the solar energy provider’s stock valued at $106,425,000 after purchasing an additional 1,404,318 shares during the period. FMR LLC grew its holdings in NextEra Energy Partners by 18.9% in the third quarter. FMR LLC now owns 4,865,533 shares of the solar energy provider’s stock valued at $144,506,000 after purchasing an additional 774,665 shares during the period. Morgan Stanley grew its holdings in NextEra Energy Partners by 52.8% in the fourth quarter. Morgan Stanley now owns 1,268,893 shares of the solar energy provider’s stock valued at $88,937,000 after purchasing an additional 438,375 shares during the period. Redwood Grove Capital LLC grew its holdings in NextEra Energy Partners by 231.3% in the third quarter. Redwood Grove Capital LLC now owns 541,592 shares of the solar energy provider’s stock valued at $16,085,000 after purchasing an additional 378,095 shares during the period. Finally, BlackRock Inc. grew its holdings in NextEra Energy Partners by 4.9% in the first quarter. BlackRock Inc. now owns 7,609,845 shares of the solar energy provider’s stock valued at $634,357,000 after purchasing an additional 356,265 shares during the period. 66.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on NEP shares. CIBC lowered NextEra Energy Partners from a “sector outperform” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a report on Tuesday, January 9th. Marathon Capitl reaffirmed an “equal weight” rating on shares of NextEra Energy Partners in a research note on Tuesday, March 26th. Raymond James lowered their price target on NextEra Energy Partners from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 3rd. Barclays started coverage on NextEra Energy Partners in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 price target on the stock. Finally, Evercore ISI started coverage on NextEra Energy Partners in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $43.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $43.88.

NextEra Energy Partners Trading Up 1.0 %

NextEra Energy Partners stock traded up $0.27 during trading on Friday, reaching $27.34. 295,477 shares of the company were exchanged, compared to its average volume of 1,358,784. NextEra Energy Partners, LP has a 52-week low of $20.17 and a 52-week high of $64.43. 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 capitalization of $2.55 billion, a P/E ratio of 12.71 and a beta of 1.00. The stock’s 50 day simple moving average is $28.33 and its two-hundred day simple moving average is $27.18.

NextEra Energy Partners (NYSE:NEP) last announced its quarterly earnings results on Thursday, January 25th. The solar energy provider reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.38). NextEra Energy Partners had a net margin of 16.00% and a negative return on equity of 1.06%. The business had revenue of $232.00 million during the quarter, compared to analyst estimates of $360.03 million. On average, equities research analysts expect that NextEra Energy Partners, LP will post 0.9 earnings per share for the current fiscal year.

NextEra Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 12.87%. The ex-dividend date of this dividend was Monday, February 5th. This is a positive change from NextEra Energy Partners’s previous quarterly dividend of $0.87. NextEra Energy Partners’s dividend payout ratio is 165.26%.

NextEra Energy Partners Company Profile

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.