Barclays PLC reissued their overweight rating on shares of NextEra Energy Partners, LP (NYSE:NEP) in a report published on Thursday morning. Barclays PLC currently has a $44.00 target price on the solar energy provider’s stock, up from their prior target price of $39.00.

NEP has been the subject of a number of other reports. Vetr raised shares of NextEra Energy Partners, from a sell rating to a hold rating and set a $33.00 price objective for the company in a research note on Monday, May 8th. TheStreet raised shares of NextEra Energy Partners, from a c- rating to a b rating in a research note on Wednesday, July 26th. Deutsche Bank AG reissued a buy rating and issued a $42.00 price objective (up from $39.00) on shares of NextEra Energy Partners, in a research note on Thursday, July 27th. ValuEngine cut shares of NextEra Energy Partners, from a buy rating to a hold rating in a research note on Friday, August 4th. Finally, BidaskClub raised shares of NextEra Energy Partners, from a buy rating to a strong-buy rating in a research note on Monday, July 31st. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $38.95.

NextEra Energy Partners, (NEP) opened at 41.73 on Thursday. The firm has a 50-day moving average of $39.43 and a 200 day moving average of $35.24. The company has a market capitalization of $2.26 billion, a P/E ratio of 22.98 and a beta of 1.26. NextEra Energy Partners, has a one year low of $23.90 and a one year high of $42.48.

NextEra Energy Partners, (NYSE:NEP) last announced its quarterly earnings data on Wednesday, July 26th. The solar energy provider reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.19. The firm had revenue of $204 million during the quarter, compared to analysts’ expectations of $232.03 million. NextEra Energy Partners, had a return on equity of 4.74% and a net margin of 13.77%. On average, equities analysts forecast that NextEra Energy Partners, will post $1.52 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were given a dividend of $0.38 per share. This is a positive change from NextEra Energy Partners,’s previous quarterly dividend of $0.37. The ex-dividend date was Thursday, August 3rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.64%. NextEra Energy Partners,’s dividend payout ratio is currently 76.38%.

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

A number of hedge funds have recently added to or reduced their stakes in the business. EP Wealth Advisors LLC bought a new position in NextEra Energy Partners, during the second quarter valued at $263,000. State Street Corp lifted its position in NextEra Energy Partners, by 8.3% during the second quarter. State Street Corp now owns 59,566 shares of the solar energy provider’s stock valued at $2,202,000 after purchasing an additional 4,540 shares during the last quarter. Janus Henderson Group PLC bought a new position in NextEra Energy Partners, during the second quarter valued at $17,150,000. Williams Jones & Associates LLC lifted its position in NextEra Energy Partners, by 370.3% during the second quarter. Williams Jones & Associates LLC now owns 71,725 shares of the solar energy provider’s stock valued at $2,653,000 after purchasing an additional 56,475 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in NextEra Energy Partners, by 7.5% during the second quarter. Goldman Sachs Group Inc. now owns 331,732 shares of the solar energy provider’s stock valued at $12,270,000 after purchasing an additional 23,159 shares during the last quarter. Institutional investors and hedge funds own 83.43% of the company’s stock.

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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