NextEra Energy Partners, LP (NEP) Rating Lowered to C+ at TheStreet

TheStreet cut shares of NextEra Energy Partners, LP (NYSE:NEP) from a b rating to a c+ rating in a research note issued to investors on Thursday, October 26th.

A number of other brokerages also recently issued reports on NEP. Royal Bank Of Canada reaffirmed a hold rating and set a $38.00 price target (up from $34.00) on shares of NextEra Energy Partners, in a report on Friday, July 7th. J P Morgan Chase & Co reduced their target price on NextEra Energy Partners, from $39.00 to $38.00 and set a neutral rating for the company in a report on Thursday, October 12th. Bank of America Corporation reissued an underperform rating and issued a $35.00 target price on shares of NextEra Energy Partners, in a report on Tuesday, October 24th. BidaskClub downgraded NextEra Energy Partners, from a strong-buy rating to a buy rating in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded NextEra Energy Partners, from a hold rating to a sell rating in a research note on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. NextEra Energy Partners, has a consensus rating of Hold and an average price target of $39.11.

Shares of NextEra Energy Partners, (NYSE:NEP) opened at $38.38 on Thursday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 3.20 and a current ratio of 3.20. The stock has a market capitalization of $2,082.15, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 2.83 and a beta of 1.22. NextEra Energy Partners, has a one year low of $23.90 and a one year high of $44.00.

NextEra Energy Partners, (NYSE:NEP) last released its earnings results on Thursday, October 26th. The solar energy provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.36). NextEra Energy Partners, had a return on equity of 3.57% and a net margin of 10.38%. The company had revenue of $177.00 million for the quarter, compared to analyst estimates of $243.16 million. equities analysts expect that NextEra Energy Partners, will post 1.03 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This story was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://ledgergazette.com/2017/11/13/nextera-energy-partners-lp-nep-downgraded-by-thestreet-to-c.html.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Monday, November 6th will be paid a $0.3925 dividend. The ex-dividend date is Friday, November 3rd. This represents a $1.57 dividend on an annualized basis and a yield of 4.09%. This is a positive change from NextEra Energy Partners,’s previous quarterly dividend of $0.38. NextEra Energy Partners,’s dividend payout ratio is presently 113.77%.

Institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 worth $117,000 after purchasing an additional 298 shares during the period. US Bancorp DE lifted its stake in shares of NextEra Energy Partners, by 2,000.0% during the 2nd quarter. US Bancorp DE now owns 4,200 shares of the solar energy provider’s stock worth $155,000 after purchasing an additional 4,000 shares during the period. BNP Paribas Arbitrage SA lifted its stake 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 worth $178,000 after purchasing an additional 600 shares during the period. Stratos Wealth Partners LTD. purchased a new position in shares of NextEra Energy Partners, in the 3rd quarter worth $203,000. Finally, Stephens Inc. AR purchased a new position in shares of NextEra Energy Partners, in the 3rd quarter worth $206,000. 82.09% of the stock is currently owned by institutional investors.

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)

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply