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

July 18, 2017 - By Vivian Currie

 Nextera Energy Partners LP (NEP) Analysts See $0.40 EPS
Investors sentiment decreased to 1.19 in 2016 Q4. Its down 0.95, from 2.14 in 2016Q3. It worsened, 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.
Comml Bank Of Montreal Can reported 0% stake. 14,800 are held by Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Corp. Walleye Trading Lc owns 6,400 shares. Deutsche Fincl Bank Ag holds 0.01% of its portfolio in Nextera Energy Partners LP (NYSE:NEP) for 250,000 shares. Grt Capital Limited Liability Corporation invested in 28,899 shares or 0.21% of the stock. Bessemer accumulated 4,821 shares. Miller Howard Invests New York holds 153,155 shares. Fmr Llc accumulated 3.12M shares. Old Mutual (Uk) Limited holds 0.01% or 19,838 shares in its portfolio. Hbk Invests L P invested 0% in Nextera Energy Partners LP (NYSE:NEP). Sei owns 49,839 shares for 0.01% of their portfolio. Steadfast Cap Mngmt Lp accumulated 0.05% or 86,501 shares. Blackrock Institutional Trust Na owns 58,728 shares or 0% of their US portfolio. Zimmer Partners L P holds 2.48M shares or 1.99% of its portfolio. Evergreen Capital Mngmt Limited Liability Com owns 345,725 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. On Thursday, June 1 the stock rating was initiated by Williams Capital Group with “Buy”. The company was downgraded on Wednesday, March 29 by Goldman Sachs. The stock has “Outperform” rating by BMO Capital Markets on Monday, October 5. The stock of Nextera Energy Partners LP (NYSE:NEP) has “Sector Perform” rating given on Tuesday, April 5 by RBC Capital Markets. UBS upgraded Nextera Energy Partners LP (NYSE:NEP) on Monday, October 17 to “Buy” rating. JP Morgan initiated it with “Neutral” rating and $29 target in Friday, September 11 report. The rating was initiated by Robert W. Baird with “Outperform” on Tuesday, August 25. The stock of Nextera Energy Partners LP (NYSE:NEP) has “Hold” rating given on Monday, October 5 by Deutsche Bank. The stock of Nextera Energy Partners LP (NYSE:NEP) has “Buy” rating given on Tuesday, August 4 by Mizuho. The rating was initiated by Raymond James with “Outperform” on Friday, February 17.

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

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