NextEra Energy Partners LP (NYSE:NEP) Given Average Rating of “Hold” by Analysts
Shares of NextEra Energy Partners LP (NYSE:NEP) have been given an average recommendation of “Hold” by the eleven analysts that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $31.22.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of NextEra Energy Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Avondale Partners downgraded shares of NextEra Energy Partners from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 28th. Oppenheimer Holdings Inc. began coverage on shares of NextEra Energy Partners in a research report on Thursday, September 8th. They set an “outperform” rating and a $34.00 target price for the company. Finally, Barclays PLC restated a “buy” rating and set a $34.00 target price on shares of NextEra Energy Partners in a research report on Monday, September 12th.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC boosted its position in NextEra Energy Partners by 1.0% in the second quarter. Cubist Systematic Strategies LLC now owns 3,304 shares of the company’s stock worth $100,000 after buying an additional 32 shares during the last quarter. Royal Bank of Canada boosted its position in NextEra Energy Partners by 2,439.2% in the first quarter. Royal Bank of Canada now owns 5,510 shares of the company’s stock worth $150,000 after buying an additional 5,293 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in NextEra Energy Partners during the second quarter worth approximately $355,000. BlackRock Fund Advisors boosted its position in NextEra Energy Partners by 158.7% in the first quarter. BlackRock Fund Advisors now owns 13,643 shares of the company’s stock worth $371,000 after buying an additional 8,370 shares during the last quarter. Finally, Boston Common Asset Management LLC purchased a new position in NextEra Energy Partners during the second quarter worth approximately $386,000. 68.24% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Partners (NYSE:NEP) traded up 0.989% on Friday, hitting $27.055. 371,932 shares of the company’s stock traded hands. The stock has a market cap of $1.14 billion, a PE ratio of 45.934 and a beta of 1.34. The stock has a 50-day moving average of $29.10 and a 200-day moving average of $28.95. NextEra Energy Partners has a one year low of $22.25 and a one year high of $32.42.
NextEra Energy Partners (NYSE:NEP) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.14. NextEra Energy Partners had a return on equity of 1.12% and a net margin of 3.28%. The company had revenue of $171 million for the quarter, compared to analyst estimates of $195.70 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. On average, equities analysts forecast that NextEra Energy Partners will post $1.05 earnings per share for the current fiscal year.
NextEra Energy Partners Company Profile
Nextera Energy Partners, LP is a limited partnership formed to acquire, manage and own contracted clean energy projects. The Company, through its limited partnership interest in NextEra Energy Operating Partners, LP (NEP OpCo), owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as approximately seven contracted natural gas pipeline assets.
Receive News & Stock Ratings for NextEra Energy Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Partners LP and related stocks with our FREE daily email newsletter.