Shares of NextEra Energy Partners, LP (NYSE:NEP) have earned an average recommendation of “Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $39.03.

A number of analysts have recently commented on NEP shares. BidaskClub cut NextEra Energy Partners, from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. TheStreet upgraded NextEra Energy Partners, from a “c-” rating to a “b” rating in a research report on Wednesday, July 26th. Barclays PLC restated an “overweight” rating and issued a $44.00 price objective (up from $39.00) on shares of NextEra Energy Partners, in a research report on Thursday, August 31st. Royal Bank Of Canada restated a “hold” rating and issued a $38.00 price objective (up from $34.00) on shares of NextEra Energy Partners, in a research report on Friday, July 7th. Finally, Vetr upgraded NextEra Energy Partners, from a “sell” rating to a “buy” rating and set a $40.37 price objective for the company in a research report on Thursday, June 22nd.

In other news, insider Armando Pimentel, Jr. purchased 5,000 shares of the stock in a transaction dated Friday, July 14th. The shares were purchased at an average cost of $38.23 per share, with a total value of $191,150.00. Following the completion of the purchase, the insider now directly owns 20,000 shares of the company’s stock, valued at approximately $764,600. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.46% of the company’s stock.

Large investors have recently modified their holdings of the company. Adell Harriman & Carpenter Inc. boosted its stake in shares of NextEra Energy Partners, by 159.4% in the second quarter. Adell Harriman & Carpenter Inc. now owns 25,550 shares of the solar energy provider’s stock worth $945,000 after acquiring an additional 15,700 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of NextEra Energy Partners, by 1.8% in the first quarter. Vanguard Group Inc. now owns 231,951 shares of the solar energy provider’s stock worth $7,685,000 after acquiring an additional 4,021 shares during the last quarter. Partnervest Advisory Services LLC acquired a new stake in shares of NextEra Energy Partners, in the second quarter worth approximately $311,000. Loomis Sayles & Co. L P boosted its stake in shares of NextEra Energy Partners, by 28.0% in the first quarter. Loomis Sayles & Co. L P now owns 25,569 shares of the solar energy provider’s stock worth $847,000 after acquiring an additional 5,587 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. acquired a new stake in shares of NextEra Energy Partners, in the second quarter worth approximately $28,000,000. 83.43% of the stock is currently owned by hedge funds and other institutional investors.

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NextEra Energy Partners, (NEP) traded down 1.54% during midday trading on Wednesday, hitting $41.55. 85,606 shares of the stock traded hands. The stock has a market cap of $2.25 billion, a PE ratio of 20.67 and a beta of 1.24. NextEra Energy Partners, has a 12 month low of $23.90 and a 12 month high of $43.68. The company has a 50-day moving average of $40.97 and a 200-day moving average of $37.17.

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 Zacks’ consensus estimate of $0.43 by ($0.19). The business had revenue of $204.00 million during the quarter, compared to analysts’ expectations of $232.03 million. NextEra Energy Partners, had a net margin of 13.77% and a return on equity of 4.74%. On average, equities research analysts anticipate that NextEra Energy Partners, will post $1.44 earnings per share for the current year.

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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