Flputnam Investment Management Co. increases its stake in NextEra Energy Partners, LP (NYSE:NEP)

According to the company’s most recent filing with the Securities and Exchange Commission, Flputnam Investment Management Co.

Raised its stake in NextEra Energy Partners, LP (NYSE:NEP) by 170.5% during the third quarter.

Mhe Corporation now owned 25,661 shares after buying an additional 16,173 shares during the month.

Mhese’s purchases brought the total number of shares held by the corporation to 25,661.

The latest revelation that Flputnam Investment Management Co.

An SEC filing indicated that the company’s holdings in NextEra Energy Partners were worth $1,856,000. Floutnam Investment Management Co provided this information.

Several other institutional investors and hedge funds have also modified the proportion of their investments held in NEP.

In the first three months of 2018, Global Wealth Management Investment Advisory Inc.

Invested $36,000 in a new holding held by NextEra Energy Partners. CWM LLC invested approximately $37,000 during the third quarter to grow its holdings in NextEra Energy Partners.

The purpose of this investment is to improve the company’s portfolio.

During the first three months of 2018, Lazard Asset Management LLC saw a 69.6% increase in the value of its holdings in NextEra Energy Partners.

Lazard Asset Management LLC now owns 546 shares of the solar energy provider’s stock valued at $45,000 after buying an additional 224 shares in the last quarter.

Mhis brings the total number of shares held by the company to a total of 546.

Allworth Financial LP increased its holdings in NextEra Energy Partners by 105.8 percent in the third quarter.

Allworth Financial LP now owns 1,070 shares of the solar energy provider’s stock valued at $77,000 after making a new purchase of 550 shares during the period.

Mhis brings the total number of shares held by the company to 1,070.

Edge Capital Group LLC increased its holdings by purchasing additional shares of NextEra Energy Partners during the second quarter valued at approximately $106,000 per share.

This brings us to the last point. 83.05% of the company’s total outstanding shares are owned by institutional investors and hedge funds.
The Company received feedback from various equity analysts, all of which were received by the Company. Raymond James moved NextEra Energy Partners from an “underperform” rating to a “market perform” rating in a research report that was published on January 4th.

Oppenheimer upgraded NextEra Energy Partners from a “neutral” rating to an “outperform” rating and upped their target price for the company from $80.00 to $94.00 in a research note on Thursday. Wells Fargo & Company upgraded shares of NextEra Energy Partners from an “overweight” rating to a “neutral” rating and reduced their price objective from $93.00 to $90.00 in a report on October 19th. Following the release of a survey on Thursday, StockNews.com changed its previous rating on NextEra Energy Partners from a “hold” to a “sell,” reflecting the survey’s findings. KeyCorp lowered their target price on NextEra Energy Partners from $890.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, October 20th.

The subject of the report was the company’s potential future performance. Six market analysts recommended buying the company’s stock, three suggested that investors hold their current holdings, and two suggested that investors liquidate their holdings.

Information provided by Bloomberg indicates that the company has a current rating of “Hold” and an average price target of $85.60.
NextEra Energy Partners stock was trading at $73.39 during the market open on Friday.

At this point, trading had already begun.

The debt-to-equity ratio is 0.38; the quick ratio is 1.80; the current ratio is 1.91; and the quick ratio is 1.80. NextEra Energy Partners, LP reached its all-time low of $61.31 one year ago, while the company reached its all-time high of $86.06 one year ago.

The simple moving average of the company’s stock price over the past 50 days is $75.03, and the average over the past 200 days is $77.06.

The company’s market cap is $6.35 billion; it has a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92, all of which indicate that it is a good investment.

In addition to this, the price-to-earnings ratio is 2.40.

On January 25th, NextEra Energy Partners’ (NYSE: NEP ) latest quarterly earnings report was made available to the public.

EPS for the quarter came in at $0.40 for the solar energy company, missing the consensus estimate of $0.52 per share by $0.12. NextEra Energy Partners had a return on equity of 4.00%, while the company as a whole had a net margin of 39.39%.

Revenue that the company brought in for the quarter was $266 million, a significant decrease from the $336.74 million that industry analysts had predicted it would bring in.

In the prior year, the company suffered a loss in earnings equivalent to $0.12 per share.

His loss occurred during the same period.

The company’s quarterly sales growth was 14.7% higher when measured against sales in the same quarter a year earlier.

According to forecasts provided by analysts covering the energy sector, NextEra Energy Partners, LP should be able to generate earnings of 3 cents per share for the current fiscal year.

In addition, the business recently announced a quarterly dividend, scheduled to take place on February 14th. Shareholders who are “on record” as holding their shares as of February 6 will be entitled to receive a dividend payment of $0.8125 per share.

Its dividend will not be distributed before the ex-dividend date, which is next Friday, February 3rd; however, the ex-dividend date is next Friday. Since NextEra Energy Partners’ most recent quarterly dividend distribution was $0.79, we can conclude that this payment represents an increase compared to that distribution.

This results in a dividend payout of $3.25 per year to the shareholder and a 4.43% return on investment. NextEra Energy Partners has a dividend payout ratio (DPR) currently of 55.65%.

NextEra Energy Partners LP is a limited partnership that invests, manages and owns energy projects that are contractually sustainable and produce long-term cash flows.

Invests in solar and wind energy projects throughout North America and natural gas infrastructure assets in Texas.

The date the company was founded, March 6, 2014, also serves as the location of its current headquarters in Juno Beach, which is within the borders of Florida.

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