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

According to Zacks, “If prices of natural gas continue to fluctuate, it will hurt NextEra Energy Partners as the demand for new pipeline projects will be adversely impacted. Stringent rules and regulations, along with dependence on a limited group of customers to generate earnings are headwinds.  However, NextEra Energy Partners’ units have outperformed its industry in the past 12 months.  NextEra Energy Partners’ renewable assets in the United States have long-term contracts and enjoy the benefits of government initiatives to produce higher volume of electricity from clean sources. NextEra Energy Partners acquisition of nearly 1.4GW of renewable assets from Energy Resources diversified the partnership’s existing portfolio of renewable assets. The decision to sell its Canadian assets and focus on high quality domestic renewable assets is expected to be accretive to long-term goal.”

Several other equities analysts have also weighed in on the company. Macquarie upgraded Nextera Energy Partners from a “neutral” rating to an “outperform” rating and cut their target price for the company from $47.00 to $44.00 in a report on Monday, February 4th. Barclays started coverage on Nextera Energy Partners in a report on Thursday, February 7th. They set an “overweight” rating and a $49.00 target price on the stock. TheStreet lowered Nextera Energy Partners from a “b-” rating to a “c+” rating in a report on Friday, January 25th. Finally, ValuEngine upgraded Nextera Energy Partners from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $47.28.

NYSE NEP opened at $46.13 on Friday. Nextera Energy Partners has a fifty-two week low of $38.05 and a fifty-two week high of $50.66. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 2.43 and a beta of 0.95.

Nextera Energy Partners (NYSE:NEP) last posted its earnings results on Friday, January 25th. The solar energy provider reported ($0.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.88). Nextera Energy Partners had a net margin of 23.25% and a return on equity of 4.83%. The company had revenue of $155.00 million for the quarter, compared to the consensus estimate of $276.40 million. During the same quarter last year, the business earned $0.18 earnings per share. Analysts anticipate that Nextera Energy Partners will post 2.12 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Advisor Group Inc. increased its stake in shares of Nextera Energy Partners by 16.3% in the fourth quarter. Advisor Group Inc. now owns 2,909 shares of the solar energy provider’s stock worth $126,000 after purchasing an additional 408 shares during the period. Stephens Inc. AR increased its stake in shares of Nextera Energy Partners by 8.4% in the fourth quarter. Stephens Inc. AR now owns 5,553 shares of the solar energy provider’s stock worth $239,000 after purchasing an additional 430 shares during the period. ETF Managers Group LLC increased its stake in shares of Nextera Energy Partners by 17.5% in the fourth quarter. ETF Managers Group LLC now owns 3,308 shares of the solar energy provider’s stock worth $142,000 after purchasing an additional 492 shares during the period. Telemus Capital LLC increased its stake in shares of Nextera Energy Partners by 1.7% in the fourth quarter. Telemus Capital LLC now owns 29,227 shares of the solar energy provider’s stock worth $1,258,000 after purchasing an additional 492 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Nextera Energy Partners by 42.0% in the fourth quarter. IFP Advisors Inc now owns 2,288 shares of the solar energy provider’s stock worth $95,000 after purchasing an additional 677 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Nextera Energy Partners Company Profile

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 and solar projects with approximately 4,859 megawatts of capacity, as well as seven contracted natural gas pipeline assets.

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