The stock of Nextera Energy Partners LP (NYSE:NEP) is a huge mover today! The stock decreased 2.72% or $0.76 during the last trading session, hitting $27.21. About 550,961 shares traded hands or 7.00% up from the average. Nextera Energy Partners LP (NYSE:NEP) has risen 4.33% since March 1, 2016 and is uptrending. It has underperformed by 7.88% the S&P500.
The move comes after 7 months negative chart setup for the $1.16 billion company. It was reported on Oct, 4 by Barchart.com. We have $25.03 PT which if reached, will make NYSE:NEP worth $92.80 million less.
Analysts await Nextera Energy Partners LP (NYSE:NEP) to report earnings on October, 26. They expect $0.22 earnings per share, up 340.00% or $0.17 from last year’s $0.05 per share. NEP’s profit will be $9.38M for 30.92 P/E if the $0.22 EPS becomes a reality. After $0.19 actual earnings per share reported by Nextera Energy Partners LP for the previous quarter, Wall Street now forecasts 15.79% EPS growth.
Nextera Energy Partners LP (NYSE:NEP) Ratings Coverage
Out of 11 analysts covering Nextera Energy Partners (NYSE:NEP), 7 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 64% are positive. Nextera Energy Partners has been the topic of 14 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank on Monday, October 5 with “Hold”. As per Tuesday, August 4, the company rating was maintained by Mizuho. The stock has “Outperform” rating given by BMO Capital Markets on Monday, October 5. The firm has “Overweight” rating given on Monday, August 31 by KeyBanc Capital Markets. Howard Weil initiated it with “Sector Perform” rating and $32 target price in Tuesday, November 17 report. The company was initiated on Tuesday, August 25 by Robert W. Baird. The rating was initiated by RBC Capital Markets with “Sector Perform” on Tuesday, April 5. The firm earned “Hold” rating on Tuesday, September 1 by Deutsche Bank. The rating was upgraded by Wells Fargo to “Outperform” on Monday, July 27. The firm earned “Buy” rating on Monday, October 19 by Goldman Sachs.
According to Zacks Investment Research, “NextEra Energy Partners, LP engages in owning, operating and acquiring contracted clean energy projects. It owns interests in wind and solar projects primarily in North America. The Company’s initial Portfolio consists of Northern Colorado, Elk City, Moore, Sombra, Perrin Ranch, Conestogo, Tuscola Bay, Summerhaven, and Genesis. NextEra Energy Partners, LP is headquartered in Juno Beach, Florida.”
Insitutional Activity: The institutional sentiment decreased to 0.98 in Q2 2016. Its down 0.75, from 1.73 in 2016Q1. The ratio turned negative, as 14 funds sold all Nextera Energy Partners LP shares owned while 39 reduced positions. 15 funds bought stakes while 37 increased positions. They now own 33.94 million shares or 7.23% less from 36.59 million shares in 2016Q1.
Moreover, Bbt Capital Ltd has 0.49% invested in Nextera Energy Partners LP (NYSE:NEP) for 103,543 shares. Moreover, Manufacturers Life Insur The has 0% invested in Nextera Energy Partners LP (NYSE:NEP) for 969 shares. Deutsche National Bank & Trust Ag, a Germany-based fund reported 49,496 shares. Reaves W H Company reported 622,050 shares or 0.66% of all its holdings. Hite Hedge Asset Ltd Liability Co accumulated 120,918 shares or 1.49% of the stock. First Mercantile Tru Com owns 48,199 shares or 0.18% of their US portfolio. Weiss Multi has 0.24% invested in the company for 100,727 shares. Nuveen Asset Management Limited Liability Company has 474,408 shares for 0.09% of their US portfolio. Advisory, a Illinois-based fund reported 337,905 shares. Steadfast Limited Partnership has invested 0.54% of its portfolio in Nextera Energy Partners LP (NYSE:NEP). Cubist Systematic Strategies accumulated 0.01% or 3,304 shares. Blackrock Advsr Llc holds 0.05% or 1.60 million shares in its portfolio. Boston Common Asset Mgmt Limited Liability owns 12,720 shares or 0.02% of their US portfolio. Moreover, Clinton Group has 0.03% invested in Nextera Energy Partners LP (NYSE:NEP) for 24,803 shares. Great West Life Assurance Can accumulated 2,089 shares or 0% of the stock.
More notable recent Nextera Energy Partners LP (NYSE:NEP) news were published by: Prnewswire.com which released: “NextEra Energy Partners, LP announces offering of common units” on September 08, 2016, also Prnewswire.com with their article: “NextEra Energy Partners, LP completes the acquisition of natural gas pipelines …” published on October 05, 2015, Prnewswire.com published: “NextEra Energy Partners, LP announces approximately 285-megawatt acquisition …” on July 05, 2016. More interesting news about Nextera Energy Partners LP (NYSE:NEP) were released by: Prnewswire.com and their article: “NextEra Energy Partners, LP launches public offering of common units” published on September 10, 2015 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Starbucks, KB Home and NextEra Energy Partners” with publication date: July 29, 2016.
NEP Company Profile
Nextera Energy Partners, LP, incorporated on March 6, 2014, 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 approximately seven contracted natural gas pipeline assets.
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