NextEra Energy Partners, LP (NYSE:NEP) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Monday, July 31st.

Other equities analysts have also issued research reports about the company. TheStreet upgraded NextEra Energy Partners, from a “c-” rating to a “b” rating in a research note on Wednesday, July 26th. Deutsche Bank AG lifted their price objective on NextEra Energy Partners, from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, April 11th. Vetr upgraded NextEra Energy Partners, from a “sell” rating to a “buy” rating and set a $40.37 price objective for the company in a research note on Thursday, June 22nd. Zacks Investment Research upgraded NextEra Energy Partners, from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Thursday, June 22nd. Finally, Williams Capital initiated coverage on NextEra Energy Partners, in a research note on Thursday, June 1st. They set a “buy” rating and a $45.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. NextEra Energy Partners, has an average rating of “Buy” and an average target price of $38.57.

NextEra Energy Partners, (NEP) opened at 38.30 on Monday. The firm has a 50-day moving average price of $38.70 and a 200 day moving average price of $34.26. NextEra Energy Partners, has a 52 week low of $23.90 and a 52 week high of $41.49. The company has a market cap of $2.08 billion, a P/E ratio of 21.09 and a beta of 1.26.

NextEra Energy Partners, (NYSE:NEP) last released its quarterly earnings data on Wednesday, July 26th. The solar energy provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.19. The company had revenue of $204 million for the quarter, compared to analysts’ expectations of $232.03 million. NextEra Energy Partners, had a net margin of 13.77% and a return on equity of 4.74%. Analysts expect that NextEra Energy Partners, will post $1.58 EPS for the current fiscal year.

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In other news, insider Armando Pimentel, Jr. acquired 5,000 shares of the business’s stock in a transaction on Friday, July 14th. The stock was bought at an average cost of $38.23 per share, for a total transaction of $191,150.00. Following the purchase, the insider now owns 20,000 shares in the company, valued at $764,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark E. Hickson acquired 1,350 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were purchased at an average price of $37.51 per share, with a total value of $50,638.50. Following the completion of the purchase, the executive vice president now owns 4,780 shares in the company, valued at approximately $179,297.80. The disclosure for this purchase can be found here. 0.46% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. California Public Employees Retirement System raised its stake in NextEra Energy Partners, by 1.9% in the second quarter. California Public Employees Retirement System now owns 196,100 shares of the solar energy provider’s stock valued at $7,254,000 after buying an additional 3,700 shares during the period. FMR LLC raised its stake in NextEra Energy Partners, by 9.3% in the second quarter. FMR LLC now owns 1,816,194 shares of the solar energy provider’s stock valued at $67,181,000 after buying an additional 154,700 shares during the period. Vanguard Group Inc. raised its stake in NextEra Energy Partners, by 4.4% in the second quarter. Vanguard Group Inc. now owns 242,207 shares of the solar energy provider’s stock valued at $8,959,000 after buying an additional 10,256 shares during the period. Northern Trust Corp raised its stake in NextEra Energy Partners, by 19.8% in the second quarter. Northern Trust Corp now owns 19,048 shares of the solar energy provider’s stock valued at $705,000 after buying an additional 3,154 shares during the period. Finally, Citigroup Inc. raised its stake in NextEra Energy Partners, by 1,038.2% in the second quarter. Citigroup Inc. now owns 17,619 shares of the solar energy provider’s stock valued at $651,000 after buying an additional 16,071 shares during the period. Institutional investors own 85.26% of the company’s stock.

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 contracted natural gas pipeline assets.

Analyst Recommendations for NextEra Energy Partners, (NYSE:NEP)

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