Investment Analysts’ Recent Ratings Updates for NextEra Energy Partners (NEP)

NextEra Energy Partners (NYSE: NEP) has recently received a number of price target changes and ratings updates:

• 1/29/2025 – NextEra Energy Partners had its price target lowered by analysts at Scotiabank from $15.00 to $12.00. They now have a “sector perform” rating on the stock.
• 1/29/2025 – NextEra Energy Partners had its price target lowered by analysts at Guggenheim from $17.00 to $12.00. They now have a “neutral” rating on the stock.
• 1/29/2025 – NextEra Energy Partners had its price target lowered by analysts at Wells Fargo & Company from $33.00 to $13.00. They now have an “equal weight” rating on the stock.
• 1/29/2025 – NextEra Energy Partners had its price target lowered by analysts at Jefferies Financial Group Inc. from $25.00 to $15.00. They now have a “buy” rating on the stock.
• 1/23/2025 – NextEra Energy Partners had its price target lowered by analysts at JPMorgan Chase & Co. from $22.00 to $20.00. They now have a “neutral” rating on the stock.
• 1/13/2025 – NextEra Energy Partners had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $18.00 price target on the stock, down previously from $26.00.
• 1/8/2025 – NextEra Energy Partners had its price target lowered by analysts at CIBC from $26.00 to $21.00. They now have a “neutral” rating on the stock.
• 12/12/2024 – NextEra Energy Partners had its price target lowered by analysts at Scotiabank from $26.00 to $15.00. They now have a “sector perform” rating on the stock.
• 12/2/2024 – NextEra Energy Partners was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $22.00 price target on the stock.

NextEra Energy Partners Stock Down 0.6 %

Shares of NextEra Energy Partners stock opened at $10.43 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. The stock has a market cap of $975.05 million, a price-to-earnings ratio of -104.25 and a beta of 1.06. The firm’s 50-day moving average is $17.20 and its two-hundred day moving average is $21.68. NextEra Energy Partners, LP has a 1 year low of $9.98 and a 1 year high of $35.15.

NextEra Energy Partners (NYSE:NEP) last announced its quarterly earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.20. NextEra Energy Partners had a negative net margin of 0.73% and a positive return on equity of 1.34%. As a group, research analysts expect that NextEra Energy Partners, LP will post 1.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NextEra Energy Partners

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of NextEra Energy Partners by 150.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,665 shares of the solar energy provider’s stock valued at $46,000 after buying an additional 1,000 shares during the last quarter. Eastern Bank purchased a new stake in NextEra Energy Partners during the third quarter valued at approximately $57,000. McIlrath & Eck LLC purchased a new stake in NextEra Energy Partners during the third quarter valued at approximately $63,000. Avion Wealth boosted its stake in NextEra Energy Partners by 610.2% in the fourth quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock valued at $47,000 after acquiring an additional 2,270 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its holdings in NextEra Energy Partners by 153.1% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock worth $110,000 after purchasing an additional 3,750 shares during the last quarter. Institutional investors own 66.01% of the company’s stock.

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.