Royal Bank Of Canada reissued their hold rating on shares of NextEra Energy Partners, LP (NYSE:NEP) in a research report report published on Tuesday. They currently have a $39.00 price objective on the solar energy provider’s stock.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of NextEra Energy Partners, from a hold rating to a sell rating in a research note on Friday, September 29th. Barclays PLC reaffirmed an overweight rating and set a $44.00 target price (up previously from $39.00) on shares of NextEra Energy Partners, in a research note on Thursday, August 31st. BidaskClub lowered shares of NextEra Energy Partners, from a strong-buy rating to a buy rating in a research note on Thursday, August 10th. ValuEngine lowered shares of NextEra Energy Partners, from a buy rating to a hold rating in a research note on Friday, August 4th. Finally, BMO Capital Markets lifted their target price on shares of NextEra Energy Partners, from $35.00 to $45.00 and gave the company an outperform rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $38.95.

NextEra Energy Partners, (NYSE:NEP) last announced its earnings results on Wednesday, July 26th. The solar energy provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.19). The company had revenue of $204.00 million for the quarter, compared to the consensus estimate of $232.03 million. NextEra Energy Partners, had a net margin of 13.77% and a return on equity of 4.74%.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in NextEra Energy Partners, by 10.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the solar energy provider’s stock valued at $117,000 after acquiring an additional 298 shares during the period. Schroder Investment Management Group lifted its position in NextEra Energy Partners, by 3.7% during the 2nd quarter. Schroder Investment Management Group now owns 10,129 shares of the solar energy provider’s stock valued at $380,000 after acquiring an additional 366 shares during the period. Roosevelt Investment Group Inc. lifted its position in NextEra Energy Partners, by 1.9% during the 2nd quarter. Roosevelt Investment Group Inc. now owns 26,988 shares of the solar energy provider’s stock valued at $998,000 after acquiring an additional 500 shares during the period. BNP Paribas Arbitrage SA lifted its position in NextEra Energy Partners, by 14.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,800 shares of the solar energy provider’s stock valued at $178,000 after acquiring an additional 600 shares during the period. Finally, Credit Suisse AG lifted its position in NextEra Energy Partners, by 1.8% during the 1st quarter. Credit Suisse AG now owns 44,883 shares of the solar energy provider’s stock valued at $1,487,000 after acquiring an additional 772 shares during the period. 83.43% of the stock is owned by institutional investors.

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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