Nextera Energy Partners LP (NEP) Analysts See $0.40 EPS

July 18, 2017 - By Dolores Ford

 Nextera Energy Partners LP (NEP) Analysts See $0.40 EPS
Investors sentiment decreased to 1.19 in Q4 2016. Its down 0.95, from 2.14 in 2016Q3. It turned negative, as 21 investors sold Nextera Energy Partners LP shares while 33 reduced holdings. 18 funds opened positions while 46 raised stakes. 43.03 million shares or 0.07% less from 43.06 million shares in 2016Q3 were reported.
Steadfast Cap Mngmt L P accumulated 0.05% or 86,501 shares. First Manhattan accumulated 200 shares. Bessemer Grp Inc owns 0% invested in Nextera Energy Partners LP (NYSE:NEP) for 4,821 shares. Citigroup has 935 shares. Gabelli Funds Lc invested in 71,000 shares. Fort Washington Investment Advsrs Inc Oh has invested 0.01% of its portfolio in Nextera Energy Partners LP (NYSE:NEP). Ecofin holds 4.97% of its portfolio in Nextera Energy Partners LP (NYSE:NEP) for 706,500 shares. Electron Capital Prtn Ltd Co, a New York-based fund reported 9,251 shares. Lehman Fin, Pennsylvania-based fund reported 511,933 shares. Wisconsin-based A D Beadell Counsel has invested 5.35% in Nextera Energy Partners LP (NYSE:NEP). Moreover, Barclays Public Limited Liability Co has 0% invested in Nextera Energy Partners LP (NYSE:NEP) for 739 shares. First Mercantile Trust Commerce invested in 40,170 shares. Moreover, Walleye Trading Lc has 0% invested in Nextera Energy Partners LP (NYSE:NEP) for 6,400 shares. Boston Common Asset Mgmt Ltd holds 15,820 shares. Fincl Architects holds 663 shares.

Investors wait Nextera Energy Partners LP (NYSE:NEP) to report on July, 26. its quarterly earnings Wall Street analysts expect $0.40 earnings per share, up $0.21 or 110.53 % from last year’s $0.19 same quarter earnings. This translates into $22.03M profit for NEP giving the stock a 24.06 P/E. This is assuming the current $0.40 EPS is accurate. Nextera Energy Partners LP’s Wall Street analysts see 81.82 % EPS growth, taking into account the $0.22 EPS reproted in the previous quarter, The stock increased 0.65% or $0.25 during the last trading session, reaching $38.5. About 86,649 shares traded. Nextera Energy Partners LP (NYSE:NEP) has risen 18.85% since July 18, 2016 and is uptrending. It has outperformed by 2.15% the S&P500.

Nextera Energy Partners LP (NYSE:NEP) Ratings Coverage

Among 18 analysts covering Nextera Energy Partners (NYSE:NEP), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Nextera Energy Partners had 25 analyst reports since July 27, 2015 according to SRatingsIntel. As per Friday, September 11, the company rating was initiated by JP Morgan. The firm earned “Outperform” rating on Monday, October 5 by BMO Capital Markets. The firm earned “Mkt Outperform” rating on Tuesday, November 1 by Avondale. Macquarie Research downgraded the stock to “Neutral” rating in Friday, March 24 report. Raymond James initiated Nextera Energy Partners LP (NYSE:NEP) rating on Friday, February 17. Raymond James has “Outperform” rating and $35 target. The stock has “Sector Perform” rating by RBC Capital Markets on Tuesday, April 5. Williams Capital Group initiated Nextera Energy Partners LP (NYSE:NEP) rating on Thursday, June 1. Williams Capital Group has “Buy” rating and $45 target. Goldman Sachs upgraded the shares of NEP in report on Monday, October 19 to “Buy” rating. Oppenheimer maintained the stock with “Buy” rating in Thursday, June 22 report. The company was initiated on Tuesday, November 17 by Howard Weil.

Nextera Energy Partners, LP is a limited partnership formed to acquire, manage and own contracted clean energy projects. The company has market cap of $2.12 billion. The Company, through its limited partnership interest in NextEra Energy Operating Partners, LP , owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets. It has a 21.79 P/E ratio. The Company’s primary business objective is to invest in contracted clean energy projects.

More recent Nextera Energy Partners LP (NYSE:NEP) news were published by: Seekingalpha.com which released: “NextEra Energy Partners: Green Energy Will Succeed Despite Trump’s Withdrawal …” on June 08, 2017. Also Nasdaq.com published the news titled: “Should Value Investors Consider NextEra Energy (NEP) Stock?” on July 06, 2017. Seekingalpha.com‘s news article titled: “Q1 2017 Yieldco Update – NextEra Energy Partners Is At The Top Of The Sector” with publication date: April 24, 2017 was also an interesting one.

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