NextEra Energy Partners, LP (NYSE:NEP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

According to Zacks, “NextEra Energy Partners LP is engages in acquire, manage and own contracted clean energy projects. The company owns interests in wind and solar projects primarily in North America, as well as natural gas infrastructure assets in Texas. NextEra Energy Partners LP, formerly known as NextEra Energy, is based in Juno Beach, Florida. “

Other analysts have also issued reports about the company. TheStreet upgraded NextEra Energy Partners, from a “c-” rating to a “b” rating in a research report on Wednesday, July 26th. Williams Capital started coverage on NextEra Energy Partners, in a report on Thursday, June 1st. They set a “buy” rating and a $45.00 target price on the stock. BidaskClub cut NextEra Energy Partners, from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Vetr upgraded NextEra Energy Partners, from a “sell” rating to a “buy” rating and set a $40.37 target price on the stock in a report on Thursday, June 22nd. Finally, Deutsche Bank AG restated a “buy” rating and set a $42.00 target price (up previously from $39.00) on shares of NextEra Energy Partners, in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. NextEra Energy Partners, has an average rating of “Buy” and a consensus price target of $39.36.

Shares of NextEra Energy Partners, (NEP) opened at 40.29 on Friday. NextEra Energy Partners, has a one year low of $23.90 and a one year high of $43.68. The firm has a 50-day moving average of $40.35 and a 200-day moving average of $36.19. The firm has a market capitalization of $2.19 billion, a P/E ratio of 22.19 and a beta of 1.26.

NextEra Energy Partners, (NYSE:NEP) last announced 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 firm had revenue of $204.00 million during the quarter, compared to analyst estimates of $232.03 million. NextEra Energy Partners, had a return on equity of 4.74% and a net margin of 13.77%. On average, equities analysts predict that NextEra Energy Partners, will post $1.44 earnings per share for the current fiscal year.

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In other NextEra Energy Partners, news, insider Armando Pimentel, Jr. acquired 5,000 shares of the business’s stock in a transaction dated Friday, July 14th. The shares were acquired at an average price of $38.23 per share, for a total transaction of $191,150.00. Following the acquisition, the insider now directly owns 20,000 shares of the company’s stock, valued at approximately $764,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark E. Hickson acquired 1,350 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were acquired at an average price of $37.51 per share, for a total transaction of $50,638.50. Following the acquisition, the executive vice president now directly owns 4,780 shares in the company, valued at $179,297.80. The disclosure for this purchase can be found here. Insiders own 0.46% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 purchasing an additional 298 shares in the last quarter. Schroder Investment Management Group lifted 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 purchasing an additional 366 shares in the last quarter. Roosevelt Investment Group Inc. lifted 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 purchasing an additional 500 shares in the last quarter. BNP Paribas Arbitrage SA lifted 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 purchasing an additional 600 shares in the last quarter. Finally, Credit Suisse AG lifted 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 purchasing an additional 772 shares in the last quarter. Institutional investors and hedge funds own 83.43% of the company’s stock.

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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