NextEra Energy Partners, LP (NYSE:NEP) Shares Bought by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC grew its stake in shares of NextEra Energy Partners, LP (NYSE:NEP) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,487 shares of the solar energy provider’s stock after acquiring an additional 1,014 shares during the period. Brown Miller Wealth Management LLC’s holdings in NextEra Energy Partners were worth $380,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Beacon Pointe Advisors LLC lifted its stake in shares of NextEra Energy Partners by 2.9% during the first quarter. Beacon Pointe Advisors LLC now owns 7,125 shares of the solar energy provider’s stock valued at $594,000 after buying an additional 200 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of NextEra Energy Partners by 40.1% during the second quarter. Parkside Financial Bank & Trust now owns 754 shares of the solar energy provider’s stock worth $44,000 after purchasing an additional 216 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of NextEra Energy Partners by 69.6% in the first quarter. Lazard Asset Management LLC now owns 546 shares of the solar energy provider’s stock valued at $45,000 after purchasing an additional 224 shares during the period. State of Wyoming increased its stake in NextEra Energy Partners by 28.2% in the second quarter. State of Wyoming now owns 1,137 shares of the solar energy provider’s stock valued at $67,000 after purchasing an additional 250 shares during the last quarter. Finally, Vident Investment Advisory LLC increased its stake in NextEra Energy Partners by 6.7% in the fourth quarter. Vident Investment Advisory LLC now owns 4,547 shares of the solar energy provider’s stock valued at $319,000 after purchasing an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 66.01% of the company’s stock.

NextEra Energy Partners Stock Performance

NEP stock traded up $1.10 during midday trading on Thursday, reaching $30.10. The company had a trading volume of 1,540,290 shares, compared to its average volume of 1,404,888. The company has a quick ratio of 1.28, a current ratio of 1.33 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $28.33 and a 200 day moving average price of $28.96. The firm has a market capitalization 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, LP has a fifty-two week low of $20.17 and a fifty-two week high of $64.43.

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

NextEra Energy Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 11.69%. This is a positive change from NextEra Energy Partners’s previous quarterly dividend of $0.87. The ex-dividend date was Monday, February 5th. NextEra Energy Partners’s payout ratio is presently 165.26%.

Wall Street Analyst Weigh In

NEP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped 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 note on Friday, January 26th. Guggenheim reduced their target price on NextEra Energy Partners from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, December 6th. StockNews.com upgraded NextEra Energy Partners to a “sell” rating in a research note on Tuesday, March 19th. Evercore ISI assumed coverage on shares of NextEra Energy Partners in a research report on Tuesday, February 13th. They set an “outperform” rating and a $43.00 price target on the stock. Finally, Mizuho cut their target price on shares of NextEra Energy Partners from $40.00 to $33.00 and set a “buy” rating on the stock in a research note on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, NextEra Energy Partners presently has a consensus rating of “Hold” and a consensus price target of $47.31.

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.