NextEra Energy Partners (NYSE:NEP) was upgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Tuesday. The firm presently has a $47.00 price objective on the solar energy provider’s stock. Morgan Stanley’s target price points to a potential upside of 14.11% from the company’s current price.

A number of other research firms have also weighed in on NEP. J P Morgan Chase & Co dropped their price target on shares of NextEra Energy Partners from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, October 12th. TheStreet lowered shares of NextEra Energy Partners from a “b” rating to a “c+” rating in a research report on Thursday, October 26th. Bank of America reiterated an “underperform” rating and issued a $35.00 price target on shares of NextEra Energy Partners in a research report on Tuesday, October 24th. Zacks Investment Research lowered shares of NextEra Energy Partners from a “hold” rating to a “sell” rating in a research report on Friday, September 29th. Finally, Barclays reiterated an “overweight” rating and issued a $44.00 price target (up from $39.00) on shares of NextEra Energy Partners in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $40.03.

NextEra Energy Partners (NYSE NEP) opened at $41.19 on Tuesday. The firm has a market cap of $2,172.75, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 4.10 and a beta of 1.19. NextEra Energy Partners has a 12-month low of $23.90 and a 12-month high of $44.00. The company has a debt-to-equity ratio of 2.04, a current ratio of 3.20 and a quick ratio of 3.20.

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

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in NextEra Energy Partners by 1.8% during the first quarter. Vanguard Group Inc. now owns 231,951 shares of the solar energy provider’s stock valued at $7,685,000 after purchasing an additional 4,021 shares in the last quarter. Credit Suisse AG raised its stake in NextEra Energy Partners by 1.8% during the first 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. US Bancorp DE raised its stake in NextEra Energy Partners by 2,000.0% during the second quarter. US Bancorp DE now owns 4,200 shares of the solar energy provider’s stock valued at $155,000 after purchasing an additional 4,000 shares in the last quarter. Beach Investment Management LLC. raised its stake in NextEra Energy Partners by 1,005.7% during the second quarter. Beach Investment Management LLC. now owns 1,329,958 shares of the solar energy provider’s stock valued at $49,195,000 after purchasing an additional 1,209,675 shares in the last quarter. Finally, Global X Management Co. LLC raised its stake in NextEra Energy Partners by 47.9% during the second quarter. Global X Management Co. LLC now owns 17,704 shares of the solar energy provider’s stock valued at $655,000 after purchasing an additional 5,733 shares in the last quarter. 83.49% of the stock is currently owned by hedge funds and other 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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