Shoreline Belief Co lowered its place in NextEra Power Companions, LP (NYSE: NEP – Get Score ) by 5.9% within the third quarter, in line with its most up-to-date Type 13F submitting with the Securities & Alternate Fee. The fund owned 109,745 shares of the photo voltaic vitality supplier’s inventory after promoting 6,870 shares through the quarter. NextEra Power 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 Power Companions value $7,935,000 on the finish of the newest reporting interval.
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Various different institutional buyers have additionally just lately added to or lowered their stakes in NEP. Raised by JPMorgan Chase & Co. its place in shares of NextEra Power Companions by 2.8% through the 1st quarter. JPMorgan Chase & Co. now owns 29,854 shares of the photo voltaic vitality supplier’s inventory value $2,488,000 after shopping for an extra 800 shares within the final quarter. Raised by Cambridge Funding Analysis Advisors Inc. its place in shares of NextEra Power 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 value $790,000 after shopping for an extra 2,858 shares within the final quarter. Non-public Advisor Group LLC lifted its place in shares of NextEra Power Companions by 123.8% through the 1st quarter. Non-public Advisor Group LLC now owns 5,466 shares of the photo voltaic vitality supplier’s inventory valued at $456,000 after buying an extra 3,024 shares within the final quarter. Raised by PNC Monetary Providers Group Inc. their place in shares of NextEra Power 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 value $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 Power 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 buyers personal 83.05% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A number of brokerages have just lately commented on NEP. Credit score Suisse Group reduce their worth goal on shares of NextEra Power Companions from $90.00 to $87.00 and set an “outperform” score on the inventory in a report on Wednesday, November 2nd. KeyCorp reduce their worth goal on shares of NextEra Power Companions from $89.00 to $83.00 and set an “obese” score on the inventory in a report on Thursday, October twentieth. Wells Fargo & Firm reduce the lifted their goal worth on shares of NextEra Power Companions from $93.00 to $90.00 and set an “obese” score on the inventory in a report on Wednesday, October nineteenth. Goldman Sachs Group reduce their goal worth to shares of NextEra Power Companions from $102.00 to $88.00 and set a “purchase” score on the inventory in a report on Thursday, September twenty second. Lastly, StockNews.com started protection on shares of NextEra Power Companions in a analysis notice on Wednesday, October twelfth. They issued a “maintain” score on the inventory. One equities analysis analyst has rated the inventory with a promote score, 4 have given a maintain score and 5 have issued a purchase score on the corporate. Primarily based on knowledge from MarketBeat.com, the corporate at the moment has a mean score of “Maintain” and a consensus worth goal of $84.89.
NextEra Power 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 have 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 Power Companions, LP has a 1-year low of $61.31 and a 1-year excessive of $86.06. The corporate’s fifty day shifting common worth is $75.43 and its 200 day shifting 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 Power 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 Power Companions has a internet margin of 36.70% and a return on fairness of three.71%. On common, sell-side analysts anticipate that NextEra Power Companions, LP will publish 5.76 earnings per share for the present fiscal 12 months.
NextEra Power Companions Raises Dividend
The enterprise additionally just lately introduced a quarterly dividend, which was paid on Monday, November 14th. Shareholders of file on Friday, November 4th got a dividend of $0.788 per share. This can be a constructive change from NextEra Power 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 Power Companions’s payout ratio is at the moment 61.28%.
Profile of NextEra Power Companions
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NextEra Power Companions LP engages within the acquisition, administration, and possession of contracted clear vitality initiatives with long-term money circulation. It owns pursuits in wind and photo voltaic initiatives in North America, in addition to pure fuel infrastructure belongings in Texas. The corporate was based on March 6, 2014 and is positioned in Juno Seashore, FL.
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