NextEra Energy Partners (NYSE:NEP) Earns Outperform Rating from Analysts at Evercore ISI

Evercore ISI assumed coverage on shares of NextEra Energy Partners (NYSE:NEPGet Free Report) in a report issued on Tuesday, Briefing.com reports. The firm set an “outperform” rating and a $43.00 price target on the solar energy provider’s stock. Evercore ISI’s target price points to a potential upside of 47.06% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. Mizuho decreased their price objective on shares of NextEra Energy Partners from $40.00 to $33.00 and set a “buy” rating for the company in a research note on Tuesday, December 12th. Guggenheim decreased their price objective on shares of NextEra Energy Partners from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, December 6th. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. CIBC lowered shares of NextEra Energy Partners from a “sector outperform” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research report on Tuesday, January 9th. Finally, StockNews.com raised shares of NextEra Energy Partners to a “sell” rating in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $47.31.

Read Our Latest Report on NEP

NextEra Energy Partners Stock Up 4.1 %

Shares of NYSE:NEP opened at $29.24 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 2.63 and a beta of 1.03. NextEra Energy Partners has a 12 month low of $20.17 and a 12 month high of $73.33. The company has a 50-day moving average price of $28.91 and a 200 day moving average price of $33.46.

Institutional Trading of NextEra Energy Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC increased its holdings in NextEra Energy Partners by 160.2% in the 4th quarter. CWM LLC now owns 830 shares of the solar energy provider’s stock valued at $25,000 after purchasing an additional 511 shares during the last quarter. MV Capital Management Inc. acquired a new position in shares of NextEra Energy Partners in the fourth quarter worth $30,000. Heritage Wealth Advisors acquired a new position in shares of NextEra Energy Partners in the fourth quarter worth $33,000. ORG Partners LLC grew its stake in shares of NextEra Energy Partners by 120.3% in the third quarter. ORG Partners LLC now owns 1,227 shares of the solar energy provider’s stock worth $36,000 after acquiring an additional 670 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of NextEra Energy Partners by 60.2% in the third quarter. Parkside Financial Bank & Trust now owns 1,208 shares of the solar energy provider’s stock worth $36,000 after acquiring an additional 454 shares in the last quarter. Institutional investors and hedge funds own 80.99% of the company’s stock.

NextEra Energy Partners Company Profile

(Get Free Report)

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind, solar, and battery storage projects, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida.

Further Reading

Analyst Recommendations for NextEra Energy Partners (NYSE:NEP)

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