Shares of NextEra Energy Partners, LP (NYSE:NEP) have been assigned a consensus rating of “Buy” from the eighteen brokerages that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $38.57.

A number of equities research analysts recently issued reports on the stock. Vetr upgraded shares of NextEra Energy Partners, from a “sell” rating to a “hold” rating and set a $33.00 target price for the company in a report on Monday, May 8th. TheStreet upgraded shares of NextEra Energy Partners, from a “c-” rating to a “b” rating in a report on Wednesday, July 26th. Deutsche Bank AG restated a “buy” rating and issued a $42.00 target price (up from $39.00) on shares of NextEra Energy Partners, in a report on Thursday, July 27th. ValuEngine downgraded shares of NextEra Energy Partners, from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, BidaskClub upgraded shares of NextEra Energy Partners, from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st.

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In other news, EVP Mark E. Hickson bought 1,350 shares of NextEra Energy Partners, stock in a transaction dated Wednesday, July 5th. The shares were acquired at an average cost of $37.51 per share, with a total value of $50,638.50. Following the completion of the transaction, the executive vice president now owns 4,780 shares in the company, valued at approximately $179,297.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Armando Pimentel, Jr. bought 5,000 shares of NextEra Energy Partners, stock in a transaction dated Friday, July 14th. The shares were purchased at an average cost of $38.23 per share, for a total transaction of $191,150.00. Following the completion of the transaction, the insider now owns 20,000 shares of the company’s stock, valued at approximately $764,600. The disclosure for this purchase can be found here. Insiders own 0.46% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in NextEra Energy Partners, by 99.0% in the first quarter. Ameriprise Financial Inc. now owns 29,581 shares of the solar energy provider’s stock valued at $980,000 after buying an additional 14,714 shares in the last quarter. Beach Investment Counsel Inc. PA boosted its stake in NextEra Energy Partners, by 17.8% in the first quarter. Beach Investment Counsel Inc. PA now owns 1,329,958 shares of the solar energy provider’s stock valued at $44,062,000 after buying an additional 201,172 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in NextEra Energy Partners, by 148.2% in the first quarter. Meadow Creek Investment Management LLC now owns 39,060 shares of the solar energy provider’s stock valued at $1,294,000 after buying an additional 23,324 shares in the last quarter. Swiss National Bank boosted its stake in NextEra Energy Partners, by 5.3% in the first quarter. Swiss National Bank now owns 89,400 shares of the solar energy provider’s stock valued at $2,962,000 after buying an additional 4,500 shares in the last quarter. Finally, BNP Paribas Arbitrage SA bought a new stake in NextEra Energy Partners, during the first quarter valued at about $139,000. 86.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of NextEra Energy Partners, (NEP) traded down 1.14% during mid-day trading on Tuesday, reaching $38.92. 82,150 shares of the company’s stock traded hands. NextEra Energy Partners, has a 12-month low of $23.90 and a 12-month high of $41.49. The company’s 50-day moving average price is $39.03 and its 200-day moving average price is $34.86. The stock has a market capitalization of $2.11 billion, a PE ratio of 21.43 and a beta of 1.26.

NextEra Energy Partners, (NYSE:NEP) last released its earnings results on Wednesday, July 26th. The solar energy provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by $0.19. NextEra Energy Partners, had a net margin of 13.77% and a return on equity of 4.74%. The company had revenue of $204 million during the quarter, compared to analysts’ expectations of $232.03 million. Analysts anticipate that NextEra Energy Partners, will post $1.52 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were given a dividend of $0.38 per share. This is a boost from NextEra Energy Partners,’s previous quarterly dividend of $0.37. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend was Thursday, August 3rd. NextEra Energy Partners,’s payout ratio is presently 76.38%.

About NextEra Energy Partners,

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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