B. Riley Wealth Advisors Inc. Acquires 1,179 Shares of NextEra Energy Partners, LP (NYSE:NEP)

B. Riley Wealth Advisors Inc. raised its holdings in shares of NextEra Energy Partners, LP (NYSE:NEP) by 15.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,763 shares of the solar energy provider’s stock after purchasing an additional 1,179 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in NextEra Energy Partners were worth $266,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Clearbridge Investments LLC bought a new stake in shares of NextEra Energy Partners during the fourth quarter valued at approximately $6,818,000. Benjamin F. Edwards & Company Inc. increased its position in shares of NextEra Energy Partners by 13.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 9,720 shares of the solar energy provider’s stock valued at $296,000 after acquiring an additional 1,130 shares in the last quarter. Otter Creek Advisors LLC bought a new stake in shares of NextEra Energy Partners during the fourth quarter valued at approximately $3,061,000. Tudor Investment Corp Et Al increased its position in shares of NextEra Energy Partners by 477.2% during the third quarter. Tudor Investment Corp Et Al now owns 238,288 shares of the solar energy provider’s stock valued at $7,077,000 after acquiring an additional 197,002 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in shares of NextEra Energy Partners during the fourth quarter valued at approximately $1,509,000. Institutional investors own 66.01% of the company’s stock.

NextEra Energy Partners Trading Down 0.9 %

Shares of NextEra Energy Partners stock opened at $28.16 on Thursday. The company’s fifty day simple moving average is $30.90 and its 200-day simple moving average is $29.50. The stock has a market capitalization of $2.63 billion, a PE ratio of 9.23 and a beta of 1.07. NextEra Energy Partners, LP has a 1-year low of $20.17 and a 1-year high of $59.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.36 and a quick ratio of 1.31.

NextEra Energy Partners (NYSE:NEP) last issued its quarterly earnings results on Monday, April 22nd. The solar energy provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.63. NextEra Energy Partners had a net margin of 23.55% and a negative return on equity of 0.48%. The business had revenue of $257.00 million for the quarter, compared to analysts’ expectations of $331.78 million. During the same quarter last year, the company posted ($0.17) EPS. The company’s revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that NextEra Energy Partners, LP will post 1.89 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, May 15th. Investors of record on Tuesday, May 7th were paid a dividend of $0.8925 per share. This is a boost from NextEra Energy Partners’s previous quarterly dividend of $0.88. The ex-dividend date was Monday, May 6th. This represents a $3.57 dividend on an annualized basis and a dividend yield of 12.68%. NextEra Energy Partners’s payout ratio is 117.05%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NEP. JPMorgan Chase & Co. reissued an “underweight” rating and set a $25.00 price target on shares of NextEra Energy Partners in a research report on Thursday, May 23rd. Raymond James cut their target price on shares of NextEra Energy Partners from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, April 3rd. Mizuho downgraded shares of NextEra Energy Partners from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research report on Wednesday, June 12th. Oppenheimer reaffirmed a “market perform” rating on shares of NextEra Energy Partners in a research report on Wednesday, April 24th. Finally, StockNews.com raised shares of NextEra Energy Partners to a “sell” rating in a research report on Tuesday, March 19th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $38.79.

About NextEra Energy Partners

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.