Shoreline Belief Co lowered its place in NextEra Vitality Companions, LP (NYSE: NEP – Get Score ) by 5.9% within the third quarter, based on its most up-to-date Kind 13F submitting with the Securities & Trade Fee. The fund owned 109,745 shares of the photo voltaic vitality supplier’s inventory after promoting 6,870 shares through the quarter. NextEra Vitality Companions makes up about 1.3% of Shoreline Belief Co’s holdings, making the inventory its twelfth largest holding. Shoreline Belief Co owned about 0.13% of NextEra Vitality Companions price $7,935,000 on the finish of the newest reporting interval.
A lot of different institutional traders have additionally not too long ago added to or lowered their stakes in NEP. Raised by JPMorgan Chase & Co. its place in shares of NextEra Vitality Companions by 2.8% through the 1st quarter. JPMorgan Chase & Co. now owns 29,854 shares of the photo voltaic vitality supplier’s inventory price $2,488,000 after shopping for an extra 800 shares over the last quarter. Raised by Cambridge Funding Analysis Advisors Inc. its place in shares of NextEra Vitality Companions by 43.2% through the 1st quarter. Cambridge Funding Analysis Advisors Inc. now owns 9,474 shares of the photo voltaic vitality supplier’s inventory price $790,000 after shopping for an extra 2,858 shares over the last quarter. Personal Advisor Group LLC lifted its place in shares of NextEra Vitality Companions by 123.8% through the 1st quarter. Personal Advisor Group LLC now owns 5,466 shares of the photo voltaic vitality supplier’s inventory valued at $456,000 after shopping for an extra 3,024 shares within the final quarter. Raised by PNC Monetary Providers Group Inc. their place in shares of NextEra Vitality Companions by 8.7% through the 1st quarter. PNC Monetary Providers Group Inc. now owns 4,860 shares of the photo voltaic vitality supplier’s inventory price $406,000 after shopping for an extra 390 shares over the last quarter. Lastly, Financial institution of Montreal Can elevated its holdings in shares of NextEra Vitality Companions by 0.6% within the 1st quarter. Financial institution of Montreal Can now owns 65,199 shares of the photo voltaic vitality supplier’s inventory valued at $5,488,000 after buying an extra 402 shares through the interval. Hedge funds and different institutional traders personal 83.05% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A number of brokerages have not too long ago commented on NEP. Credit score Suisse Group lower their worth goal on shares of NextEra Vitality Companions from $90.00 to $87.00 and set an “outperform” ranking on the inventory in a report on Wednesday, November 2nd. KeyCorp lower their worth goal on shares of NextEra Vitality Companions from $89.00 to $83.00 and set an “chubby” ranking on the inventory in a report on Thursday, October twentieth. Wells Fargo & Firm lower the lifted their goal worth on shares of NextEra Vitality Companions from $93.00 to $90.00 and set an “chubby” ranking on the inventory in a report on Wednesday, October nineteenth. Goldman Sachs Group lower their goal worth to shares of NextEra Vitality Companions from $102.00 to $88.00 and set a “purchase” ranking on the inventory in a report on Thursday, September twenty second. Lastly, StockNews.com started protection on shares of NextEra Vitality Companions in a analysis observe on Wednesday, October twelfth. They issued a “maintain” ranking on the inventory. One equities analysis analyst has rated the inventory with a promote ranking, 4 have given a maintain ranking and 5 have issued a purchase ranking on the corporate. Primarily based on knowledge from MarketBeat.com, the corporate presently has a median ranking of “Maintain” and a consensus worth goal of $84.89.
NextEra Vitality Companions Worth Efficiency
Shares of NYSE NEP traded up $0.20 throughout buying and selling on Friday, hitting $73.84. 11,839 shares of the corporate had been exchanged, in comparison with its common quantity of 596,564. The corporate has a market cap of $6.39 billion, a price-to-earnings ratio of 14.40, a PEG ratio of two.54 and a beta of 0.92. NextEra Vitality Companions, LP has a 1-year low of $61.31 and a 1-year excessive of $86.06. The corporate’s fifty day transferring common worth is $75.43 and its 200 day transferring common worth is $77.13. The corporate has a debt-to-equity ratio of 0.38, a present ratio of 1.91 and a fast ratio of 1.80.
NextEra Vitality Companions (NYSE: NEP – Get Score ) final launched its earnings outcomes on Friday, October 28. The photo voltaic vitality supplier reported $0.93 EPS for the quarter, topping the consensus estimate of $0.63 by $0.30. . The corporate had income of $302.00 million for the quarter, in comparison with analyst estimates of $394.15 million. NextEra Vitality Companions has a internet margin of 36.70% and a return on fairness of three.71%. On common, sell-side analysts anticipate that NextEra Vitality Companions, LP will submit 5.76 earnings per share for the present fiscal 12 months.
NextEra Vitality Companions Raises Dividend
The enterprise additionally not too long ago introduced a quarterly dividend, which was paid on Monday, November 14th. Shareholders of document on Friday, November 4th got a dividend of $0.788 per share. It is a constructive change from NextEra Vitality Companions’ earlier quarterly dividend of $0.76. It pays a $3.15 annual dividend and yields 4.27%. The ex-dividend date is Thursday, November 3. NextEra Vitality Companions’s payout ratio is presently 61.28%.
Profile of NextEra Vitality Companions
(Get Score)
NextEra Vitality Companions LP engages within the acquisition, administration, and possession of contracted clear vitality tasks with long-term money move. It owns pursuits in wind and photo voltaic tasks in North America, in addition to pure fuel infrastructure belongings in Texas. The corporate was based on March 6, 2014 and is situated in Juno Seaside, FL.
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