GSA Capital Partners LLP Has $1.27 Million Stock Position in NextEra Energy Partners, LP (NYSE:NEP)

GSA Capital Partners LLP boosted its holdings in NextEra Energy Partners, LP (NYSE:NEP) by 266.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,856 shares of the solar energy provider’s stock after buying an additional 33,353 shares during the quarter. GSA Capital Partners LLP’s holdings in NextEra Energy Partners were worth $1,267,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of NextEra Energy Partners by 150.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,665 shares of the solar energy provider’s stock worth $46,000 after buying an additional 1,000 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in NextEra Energy Partners in the second quarter valued at about $51,000. Eastern Bank bought a new position in NextEra Energy Partners in the third quarter valued at about $57,000. Central Bank & Trust Co. acquired a new stake in shares of NextEra Energy Partners during the second quarter valued at about $99,000. Finally, International Assets Investment Management LLC bought a new stake in shares of NextEra Energy Partners during the second quarter worth about $104,000. Institutional investors own 66.01% of the company’s stock.

Analyst Ratings Changes

NEP has been the subject of a number of research reports. CIBC dropped their price objective on shares of NextEra Energy Partners from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. UBS Group lowered their price target on shares of NextEra Energy Partners from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, September 30th. Evercore ISI reduced their price objective on shares of NextEra Energy Partners from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. StockNews.com raised shares of NextEra Energy Partners to a “sell” rating in a research note on Thursday, July 25th. Finally, Jefferies Financial Group cut their price target on shares of NextEra Energy Partners from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $26.69.

NextEra Energy Partners Stock Performance

Shares of NEP opened at $16.98 on Friday. NextEra Energy Partners, LP has a 1 year low of $15.55 and a 1 year high of $35.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. The stock’s fifty day moving average price is $23.73 and its two-hundred day moving average price is $26.80. The firm has a market cap of $1.59 billion, a PE ratio of 7.79 and a beta of 1.10.

NextEra Energy Partners (NYSE:NEP) last released its quarterly earnings data on Wednesday, October 23rd. The solar energy provider reported ($0.43) EPS for the quarter, missing the consensus estimate of $0.51 by ($0.94). The business had revenue of $319.00 million for the quarter, compared to analysts’ expectations of $332.25 million. NextEra Energy Partners had a net margin of 17.47% and a negative return on equity of 1.07%. NextEra Energy Partners’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. On average, equities research analysts forecast that NextEra Energy Partners, LP will post 1.41 EPS for the current year.

NextEra Energy Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Wednesday, November 6th were paid a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a yield of 21.61%. This is a positive change from NextEra Energy Partners’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, November 6th. NextEra Energy Partners’s payout ratio is currently 168.35%.

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.