Shares of Nextera Energy Partners LP (NYSE:NEP) have received an average recommendation of “Buy” from the ten research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $51.07.

Several research firms recently commented on NEP. Goldman Sachs Group upgraded shares of Energizer from a “neutral” rating to a “buy” rating and upped their price target for the company from $48.00 to $60.00 in a research note on Sunday, March 31st. ValuEngine cut shares of Welbilt from a “hold” rating to a “sell” rating in a research report on Friday. Barclays cut their price objective on shares of Zions Bancorporation NA from $60.00 to $56.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Zacks Investment Research cut shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th.

Shares of NEP stock traded up $0.45 on Wednesday, hitting $49.13. The company’s stock had a trading volume of 170,400 shares, compared to its average volume of 179,176. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.38 and a quick ratio of 0.38. The business has a 50 day simple moving average of $48.62. Nextera Energy Partners has a fifty-two week low of $39.35 and a fifty-two week high of $50.99. The company has a market cap of $2.73 billion, a P/E ratio of 16.88, a PEG ratio of 8.50 and a beta of 0.93.

Nextera Energy Partners (NYSE:NEP) last released its quarterly earnings results on Wednesday, July 24th. The solar energy provider reported ($0.49) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.97). Nextera Energy Partners had a negative net margin of 2.88% and a negative return on equity of 0.44%. The business had revenue of $219.00 million during the quarter, compared to analyst estimates of $292.21 million. On average, sell-side analysts anticipate that Nextera Energy Partners will post 0.64 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th will be given a dividend of $0.502 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $2.01 annualized dividend and a yield of 4.09%. Nextera Energy Partners’s dividend payout ratio is 66.32%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Neuberger Berman Group LLC lifted its holdings in shares of Nextera Energy Partners by 4.4% in the first quarter. Neuberger Berman Group LLC now owns 8,000,975 shares of the solar energy provider’s stock worth $373,166,000 after acquiring an additional 337,264 shares during the last quarter. FMR LLC lifted its holdings in shares of Nextera Energy Partners by 20.8% in the first quarter. FMR LLC now owns 1,784,636 shares of the solar energy provider’s stock worth $83,236,000 after acquiring an additional 307,378 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Nextera Energy Partners by 9.3% in the first quarter. Jennison Associates LLC now owns 3,245,942 shares of the solar energy provider’s stock worth $151,391,000 after acquiring an additional 275,136 shares during the last quarter. Clearbridge Investments LLC bought a new position in shares of Nextera Energy Partners in the first quarter worth about $12,118,000. Finally, Avalon Advisors LLC bought a new position in shares of Nextera Energy Partners in the first quarter worth about $11,680,000. 83.45% of the stock is owned by institutional investors and hedge funds.

About Nextera Energy Partners

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.

Featured Article: How is diluted EPS different from basic EPS?

Analyst Recommendations for Nextera Energy Partners (NYSE:NEP)

Receive News & Ratings for Nextera Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nextera Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.