NextEra Energy Partners, LP (NYSE:NEP) has earned an average rating of “Buy” from the seventeen ratings firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $39.36.

Several research analysts have recently commented on the stock. 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 previously from $39.00) on shares of NextEra Energy Partners, in a research note on Thursday, July 27th. Barclays PLC reissued an “overweight” rating and issued a $44.00 price objective (up previously from $39.00) on shares of NextEra Energy Partners, in a research note on Thursday, August 31st. ValuEngine lowered 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.

Shares of NextEra Energy Partners, (NYSE:NEP) traded up 1.95% during midday trading on Friday, hitting $42.89. 224,564 shares of the stock traded hands. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 23.62 and a beta of 1.26. NextEra Energy Partners, has a 52-week low of $23.90 and a 52-week high of $43.40. The stock has a 50-day moving average of $40.30 and a 200-day moving average of $35.95.

NextEra Energy Partners, (NYSE:NEP) last posted its quarterly earnings data on Wednesday, July 26th. The solar energy provider reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $204.00 million during the quarter, compared to analysts’ expectations of $232.03 million. On average, equities analysts predict that NextEra Energy Partners, will post $1.44 earnings per share for the current fiscal year.

In other NextEra Energy Partners, news, EVP Mark E. Hickson acquired 1,350 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were acquired at an average cost of $37.51 per share, for a total transaction 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Armando Pimentel, Jr. acquired 5,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $764,600. The disclosure for this purchase can be found here. 0.46% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC boosted its position in shares of NextEra Energy Partners, by 34.4% in the 1st quarter. Neuberger Berman Group LLC now owns 8,015,035 shares of the solar energy provider’s stock worth $265,538,000 after buying an additional 2,050,427 shares in the last quarter. BlackRock Inc. boosted its position in shares of NextEra Energy Partners, by 9.9% in the 2nd quarter. BlackRock Inc. now owns 3,262,280 shares of the solar energy provider’s stock worth $120,672,000 after buying an additional 293,830 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of NextEra Energy Partners, by 3.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,778,945 shares of the solar energy provider’s stock worth $92,067,000 after buying an additional 99,295 shares in the last quarter. Jennison Associates LLC boosted its position in shares of NextEra Energy Partners, by 3.0% in the 2nd quarter. Jennison Associates LLC now owns 2,428,634 shares of the solar energy provider’s stock worth $89,835,000 after buying an additional 70,719 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of NextEra Energy Partners, by 18.4% in the 1st quarter. Bank of New York Mellon Corp now owns 2,029,099 shares of the solar energy provider’s stock worth $67,225,000 after buying an additional 315,649 shares in the last quarter. Institutional investors and hedge funds own 83.43% of the company’s stock.

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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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