Somewhat Positive Press Coverage Somewhat Unlikely to Impact NextEra Energy Partners, (NYSE:NEP) Share Price
News stories about NextEra Energy Partners, (NYSE:NEP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NextEra Energy Partners, earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the solar energy provider an impact score of 46.7327579123045 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- ETFs with exposure to NextEra Energy Partners LP : August 11, 2017 (finance.yahoo.com)
- Parametric Portfolio Associates LLC Takes Position in NextEra Energy Partners, LP (NEP) (lazeresportes.com)
- 3 Dividend Stocks for Retirement – Motley Fool (fool.com)
- Form 8-A12B/A NextEra Energy Partners, – StreetInsider.com (streetinsider.com)
Several brokerages have weighed in on NEP. Vetr upgraded NextEra Energy Partners, from a “sell” rating to a “hold” rating and set a $33.00 price objective on the stock in a research note on Monday, May 8th. TheStreet upgraded NextEra Energy Partners, from a “c-” rating to a “b” rating in a research note on Wednesday, July 26th. Barclays PLC restated an “overweight” rating and set a $39.00 price objective (up from $34.00) on shares of NextEra Energy Partners, in a research note on Sunday, April 23rd. UBS AG restated a “neutral” rating and set a $32.00 price objective (up from $31.00) on shares of NextEra Energy Partners, in a research note on Tuesday, April 25th. Finally, Zacks Investment Research cut NextEra Energy Partners, from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. NextEra Energy Partners, has a consensus rating of “Buy” and a consensus price target of $38.57.
NextEra Energy Partners, (NEP) traded up 1.32% during midday trading on Friday, hitting $38.30. The stock had a trading volume of 403,499 shares. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 21.09 and a beta of 1.26. The firm has a 50 day moving average of $38.70 and a 200 day moving average of $34.26. NextEra Energy Partners, has a 52 week low of $23.90 and a 52 week high of $41.49.
NextEra Energy Partners, (NYSE:NEP) last announced its quarterly earnings results on Wednesday, July 26th. The solar energy provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by $0.19. The business had revenue of $204 million for the quarter, compared to the consensus estimate of $232.03 million. NextEra Energy Partners, had a net margin of 13.77% and a return on equity of 4.74%. Equities research analysts predict that NextEra Energy Partners, will post $1.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.38 per share. This is an increase from NextEra Energy Partners,’s previous quarterly dividend of $0.37. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, August 3rd. NextEra Energy Partners,’s dividend payout ratio is presently 76.38%.
In other news, EVP Mark E. Hickson bought 1,350 shares of the stock in a transaction on Wednesday, July 5th. The shares were bought at an average price of $37.51 per share, with a total value of $50,638.50. Following the completion of the acquisition, the executive vice president now owns 4,780 shares in the company, valued at $179,297.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Armando Pimentel, Jr. bought 5,000 shares of the stock in a transaction on Friday, July 14th. The stock was purchased at an average cost of $38.23 per share, for a total transaction of $191,150.00. Following the acquisition, the insider now owns 20,000 shares of the company’s stock, valued at approximately $764,600. The disclosure for this purchase can be found here. 0.46% of the stock is currently owned by corporate insiders.
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NextEra Energy Partners, Company Profile
Nextera Energy Partners, LP 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 contracted natural gas pipeline assets.
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