Telemus Capital LLC Purchases New Holdings in Nextera Energy Partners LP (NEP)

Telemus Capital LLC purchased a new stake in Nextera Energy Partners LP (NYSE:NEP) in the 4th quarter, HoldingsChannel reports. The fund purchased 32,704 shares of the solar energy provider’s stock, valued at approximately $1,410,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stratos Wealth Partners LTD. acquired a new stake in Nextera Energy Partners in the 3rd quarter valued at $203,000. Stephens Inc. AR acquired a new stake in shares of Nextera Energy Partners during the third quarter valued at about $206,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Nextera Energy Partners during the third quarter valued at about $260,000. EP Wealth Advisors LLC acquired a new stake in shares of Nextera Energy Partners during the second quarter valued at about $263,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Nextera Energy Partners by 66.7% during the third quarter. BNP Paribas Arbitrage SA now owns 8,000 shares of the solar energy provider’s stock valued at $322,000 after acquiring an additional 3,200 shares in the last quarter. Hedge funds and other institutional investors own 84.42% of the company’s stock.

Nextera Energy Partners LP (NYSE:NEP) opened at $42.90 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 3.20 and a current ratio of 3.20. Nextera Energy Partners LP has a 12-month low of $30.08 and a 12-month high of $45.38. The company has a market cap of $2,415.26, a PE ratio of -35.75, a PEG ratio of 2.00 and a beta of 1.16.

Nextera Energy Partners (NYSE:NEP) last issued its quarterly earnings results on Friday, January 26th. The solar energy provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.07). Nextera Energy Partners had a positive return on equity of 1.70% and a negative net margin of 8.63%. The company had revenue of $197.00 million for the quarter, compared to the consensus estimate of $251.41 million. During the same period in the previous year, the business posted ($0.23) EPS. research analysts forecast that Nextera Energy Partners LP will post 1.98 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be given a dividend of $0.405 per share. This is a boost from Nextera Energy Partners’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.62 annualized dividend and a dividend yield of 3.78%. Nextera Energy Partners’s dividend payout ratio (DPR) is presently -130.83%.

Several analysts have recently weighed in on the company. Royal Bank of Canada restated a “hold” rating and set a $39.00 target price on shares of Nextera Energy Partners in a research note on Tuesday, October 10th. Zacks Investment Research downgraded Nextera Energy Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. lowered their target price on Nextera Energy Partners from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, October 12th. Credit Suisse Group assumed coverage on Nextera Energy Partners in a research note on Thursday, December 7th. They set an “outperform” rating and a $44.00 target price for the company. Finally, Bank of America restated an “underperform” rating and set a $35.00 target price on shares of Nextera Energy Partners in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Nextera Energy Partners currently has a consensus rating of “Hold” and an average price target of $40.38.

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About Nextera Energy Partners

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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Institutional Ownership by Quarter for Nextera Energy Partners (NYSE:NEP)

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