Lehman & Derafelo Financial Resources LLC decreased its stake in Nextera Energy Partners LP (NYSE:NEP) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 443,669 shares of the solar energy provider’s stock after selling 17,079 shares during the quarter. Nextera Energy Partners makes up 7.9% of Lehman & Derafelo Financial Resources LLC’s portfolio, making the stock its 2nd biggest holding. Lehman & Derafelo Financial Resources LLC owned 0.68% of Nextera Energy Partners worth $22,751,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of NEP. CWM LLC purchased a new stake in Nextera Energy Partners in the first quarter worth about $31,000. Endurance Wealth Management Inc. purchased a new stake in shares of Nextera Energy Partners during the second quarter worth about $36,000. Financial Management Professionals Inc. purchased a new stake in shares of Nextera Energy Partners during the second quarter worth about $42,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Nextera Energy Partners by 36.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 887 shares of the solar energy provider’s stock worth $46,000 after purchasing an additional 235 shares in the last quarter. Finally, Spirit of America Management Corp NY purchased a new stake in shares of Nextera Energy Partners during the second quarter worth about $51,000. Institutional investors and hedge funds own 82.66% of the company’s stock.

Several research firms recently issued reports on NEP. Royal Bank of Canada reiterated a “hold” rating and set a $50.00 target price on shares of Nextera Energy Partners in a research report on Wednesday, May 6th. Goldman Sachs Group upgraded Nextera Energy Partners from a “neutral” rating to a “buy” rating and increased their target price for the stock from $63.00 to $65.00 in a research report on Tuesday, June 30th. ValuEngine cut Nextera Energy Partners from a “buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Credit Suisse Group dropped their price target on Nextera Energy Partners from $58.00 to $54.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. Finally, Zacks Investment Research raised Nextera Energy Partners from a “sell” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $58.71.

NEP traded down $0.42 during trading on Friday, hitting $62.20. 1,236,816 shares of the stock were exchanged, compared to its average volume of 581,596. The firm has a 50 day simple moving average of $54.57 and a 200 day simple moving average of $51.67. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of -18.24 and a beta of 1.11. Nextera Energy Partners LP has a 1 year low of $29.01 and a 1 year high of $63.26. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.46.

Nextera Energy Partners (NYSE:NEP) last released its quarterly earnings data on Friday, July 24th. The solar energy provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.36 by $0.33. The company had revenue of $253.00 million for the quarter, compared to the consensus estimate of $337.58 million. Nextera Energy Partners had a negative return on equity of 2.11% and a negative net margin of 14.18%. Nextera Energy Partners’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period last year, the business posted ($0.49) EPS. As a group, equities analysts anticipate that Nextera Energy Partners LP will post -1.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, August 6th will be issued a dividend of $0.5775 per share. This is an increase from Nextera Energy Partners’s previous quarterly dividend of $0.56. This represents a $2.31 annualized dividend and a yield of 3.71%. The ex-dividend date is Wednesday, August 5th. Nextera Energy Partners’s dividend payout ratio (DPR) is presently -147.02%.

Nextera Energy Partners 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 and solar projects with approximately 4,859 megawatts of capacity, as well as seven contracted natural gas pipeline assets.

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

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