NextEra Energy Partners (NYSE:NEP) Price Target Lowered to $15.00 at Jefferies Financial Group

NextEra Energy Partners (NYSE:NEP) had its price target lowered by Jefferies Financial Group from $25.00 to $15.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the solar energy provider’s stock.

A number of other analysts also recently commented on the company. JPMorgan Chase & Co. decreased their price target on NextEra Energy Partners from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. BNP Paribas assumed coverage on NextEra Energy Partners in a research report on Tuesday, October 1st. They set an “underperform” rating and a $15.00 target price for the company. CIBC cut their price target on shares of NextEra Energy Partners from $26.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Barclays restated an “underweight” rating and set a $25.00 price objective on shares of NextEra Energy Partners in a report on Friday, October 4th. Finally, Mizuho dropped their target price on shares of NextEra Energy Partners from $33.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy Partners has an average rating of “Hold” and an average target price of $22.07.

NextEra Energy Partners Stock Down 11.2 %

Shares of NextEra Energy Partners stock opened at $10.51 on Wednesday. The firm has a market cap of $982.53 million, a price-to-earnings ratio of 4.82 and a beta of 1.06. The stock’s 50-day moving average is $17.31 and its 200 day moving average is $21.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. NextEra Energy Partners has a one year low of $10.32 and a one year high of $35.15.

NextEra Energy Partners (NYSE:NEP) last released its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.20. NextEra Energy Partners had a net margin of 17.47% and a negative return on equity of 1.07%. Equities research analysts anticipate that NextEra Energy Partners will post 2.06 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Brown Miller Wealth Management LLC lifted its position in NextEra Energy Partners by 2.4% during the third quarter. Brown Miller Wealth Management LLC now owns 18,459 shares of the solar energy provider’s stock valued at $509,000 after buying an additional 433 shares during the period. Apollon Wealth Management LLC increased its stake in shares of NextEra Energy Partners by 5.7% in the 3rd quarter. Apollon Wealth Management LLC now owns 12,306 shares of the solar energy provider’s stock worth $340,000 after acquiring an additional 667 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in NextEra Energy Partners by 150.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,665 shares of the solar energy provider’s stock worth $46,000 after purchasing an additional 1,000 shares during the period. Creative Planning increased its stake in shares of NextEra Energy Partners by 15.2% during the second quarter. Creative Planning now owns 11,307 shares of the solar energy provider’s stock valued at $313,000 after purchasing an additional 1,490 shares in the last quarter. Finally, Pathway Financial Advisers LLC lifted its holdings in shares of NextEra Energy Partners by 3.6% during the third quarter. Pathway Financial Advisers LLC now owns 50,110 shares of the solar energy provider’s stock valued at $1,384,000 after purchasing an additional 1,747 shares during the last quarter. Hedge funds and other institutional investors own 66.01% of the company’s stock.

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, solar, and battery storage projects. The company owns contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is based in Juno Beach, Florida.