Fort Sheridan Advisors LLC Sells 331 Shares of NextEra Energy Partners, LP (NYSE:NEP)

Fort Sheridan Advisors LLC lowered its position in shares of NextEra Energy Partners, LP (NYSE:NEPGet Rating) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,198 shares of the solar energy provider’s stock after selling 331 shares during the period. NextEra Energy Partners makes up approximately 0.8% of Fort Sheridan Advisors LLC’s portfolio, making the stock its 25th largest position. Fort Sheridan Advisors LLC’s holdings in NextEra Energy Partners were worth $2,767,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cassady Schiller Wealth Management LLC bought a new stake in NextEra Energy Partners in the 4th quarter worth approximately $25,000. Lazard Asset Management LLC bought a new stake in shares of NextEra Energy Partners during the 4th quarter valued at $27,000. Creative Financial Designs Inc. ADV bought a new stake in shares of NextEra Energy Partners during the 1st quarter valued at $36,000. Exane Derivatives purchased a new position in shares of NextEra Energy Partners during the 1st quarter valued at $63,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in shares of NextEra Energy Partners during the 4th quarter valued at $65,000. Institutional investors own 81.32% of the company’s stock.

NextEra Energy Partners Stock Performance

Shares of NYSE:NEP opened at $81.67 on Friday. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 2.06 and a beta of 0.86. NextEra Energy Partners, LP has a 12 month low of $61.31 and a 12 month high of $88.80. The firm’s 50-day moving average is $75.23 and its 200 day moving average is $74.55. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.40.

NextEra Energy Partners (NYSE:NEPGet Rating) last issued its earnings results on Friday, July 22nd. The solar energy provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $2.31. The business had revenue of $362.00 million for the quarter, compared to the consensus estimate of $345.09 million. NextEra Energy Partners had a net margin of 39.66% and a return on equity of 4.21%. The company’s revenue for the quarter was up 43.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.97) EPS. Research analysts predict that NextEra Energy Partners, LP will post 3.9 EPS for the current year.

NextEra Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Thursday, August 4th will be paid a $0.7625 dividend. This is an increase from NextEra Energy Partners’s previous quarterly dividend of $0.73. This represents a $3.05 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Wednesday, August 3rd. NextEra Energy Partners’s dividend payout ratio is currently 68.54%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NEP shares. TheStreet upgraded shares of NextEra Energy Partners from a “c” rating to a “b-” rating in a research note on Thursday, June 30th. UBS Group set a $90.00 price target on shares of NextEra Energy Partners in a research note on Monday, June 20th. KeyCorp boosted their price target on shares of NextEra Energy Partners from $83.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 19th. Morgan Stanley decreased their price target on shares of NextEra Energy Partners from $93.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Monday, June 13th. Finally, CIBC began coverage on shares of NextEra Energy Partners in a research note on Thursday, June 9th. They issued a “neutral” rating and a $79.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $86.00.

NextEra Energy Partners Company Profile

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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 and solar projects, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida.

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

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