Morgan Stanley upgraded shares of NextEra Energy Partners (NYSE:NEP) from an equal weight rating to an overweight rating in a research note released on Tuesday morning, Marketbeat Ratings reports. Morgan Stanley currently has $47.00 price target on the solar energy provider’s stock.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada reiterated a hold rating and issued a $39.00 price target on shares of NextEra Energy Partners in a research note on Tuesday, October 10th. J P Morgan Chase & Co decreased their price target on NextEra Energy Partners from $39.00 to $38.00 and set a neutral rating on the stock in a research note on Thursday, October 12th. Zacks Investment Research lowered NextEra Energy Partners from a hold rating to a sell rating in a research note on Friday, September 29th. TheStreet lowered NextEra Energy Partners from a b rating to a c+ rating in a research note on Thursday, October 26th. Finally, Credit Suisse Group started coverage on NextEra Energy Partners in a research note on Thursday, December 7th. They issued an outperform rating and a $44.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $40.03.

Shares of NextEra Energy Partners (NEP) traded up $0.99 on Tuesday, hitting $42.18. The stock had a trading volume of 343,400 shares, compared to its average volume of 275,244. NextEra Energy Partners has a one year low of $23.90 and a one year high of $44.00. The company has a debt-to-equity ratio of 2.04, a quick ratio of 3.20 and a current ratio of 3.20. The company has a market cap of $2,234.60, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 4.22 and a beta of 1.19.

NextEra Energy Partners (NYSE:NEP) last issued its quarterly earnings results on Thursday, October 26th. The solar energy provider reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.36). NextEra Energy Partners had a net margin of 10.38% and a return on equity of 3.57%. The business had revenue of $177.00 million during the quarter, compared to the consensus estimate of $243.16 million. equities analysts expect that NextEra Energy Partners will post 0.91 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 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 in the last quarter. Schroder Investment Management Group boosted its holdings in shares of 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 in the last quarter. Roosevelt Investment Group Inc. boosted its holdings in shares of 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 in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of 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 in the last quarter. Finally, Credit Suisse AG boosted its holdings in shares of 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 in the last quarter. 83.49% of the stock is currently owned by institutional investors.

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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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