NextEra Energy Partners, LP (NYSE:NEP) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

A number of other research analysts have also commented on the stock. ValuEngine lowered shares of NextEra Energy Partners, from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. BMO Capital Markets boosted their price target on shares of NextEra Energy Partners, from $35.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. TheStreet upgraded shares of NextEra Energy Partners, from a “c-” rating to a “b” rating in a research report on Wednesday, July 26th. Deutsche Bank AG restated a “buy” rating and set a $42.00 price target (up from $39.00) on shares of NextEra Energy Partners, in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $38.00 price target (up from $34.00) on shares of NextEra Energy Partners, in a research report on Friday, July 7th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $38.57.

NextEra Energy Partners, (NEP) traded down 1.55% during trading on Thursday, hitting $38.02. The stock had a trading volume of 24,050 shares. NextEra Energy Partners, has a 1-year low of $23.90 and a 1-year high of $41.49. The firm has a market capitalization of $2.06 billion, a PE ratio of 20.94 and a beta of 1.26. The firm has a 50 day moving average price of $38.59 and a 200-day moving average price of $34.16.

NextEra Energy Partners, (NYSE:NEP) last released its quarterly earnings results on Wednesday, July 26th. The solar energy provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by $0.19. The firm had revenue of $204 million for 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 expect that NextEra Energy Partners, will post $1.58 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “BidaskClub Downgrades NextEra Energy Partners, LP (NEP) to Buy” was reported by Watch List News and is owned by of Watch List News. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://www.watchlistnews.com/bidaskclub-downgrades-nextera-energy-partners-lp-nep-to-buy/1468764.html.

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

A number of hedge funds have recently bought and sold shares of NEP. Doyle Wealth Management acquired a new stake in NextEra Energy Partners, during the first quarter valued at $7,391,000. Glen Harbor Capital Management LLC increased its stake in NextEra Energy Partners, by 148.2% in the first quarter. Glen Harbor Capital Management LLC now owns 47,430 shares of the solar energy provider’s stock valued at $1,571,000 after buying an additional 28,322 shares in the last quarter. Tealwood Asset Management Inc. acquired a new stake in NextEra Energy Partners, during the first quarter valued at $2,106,000. Miller Howard Investments Inc. NY increased its stake in NextEra Energy Partners, by 12.6% in the first quarter. Miller Howard Investments Inc. NY now owns 172,485 shares of the solar energy provider’s stock valued at $5,714,000 after buying an additional 19,330 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. acquired a new stake in NextEra Energy Partners, during the first quarter valued at $326,000. 85.26% of the stock is owned by institutional investors and hedge funds.

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)

Receive News & Ratings for NextEra Energy Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.