Shares of NextEra Energy Partners, LP (NYSE:NEP) dropped 5.1% during mid-day trading on Tuesday . The company traded as low as $36.97 and last traded at $36.97. Approximately 504,800 shares traded hands during mid-day trading, an increase of 83% from the average daily volume of 275,850 shares. The stock had previously closed at $38.97.

NEP has been the subject of a number of research analyst reports. Bank of America restated an “underperform” rating and issued a $35.00 target price on shares of NextEra Energy Partners in a report on Tuesday, October 24th. Barclays restated an “overweight” rating and issued a $44.00 target price (up previously from $39.00) on shares of NextEra Energy Partners in a report on Thursday, August 31st. BidaskClub lowered NextEra Energy Partners from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. TheStreet lowered NextEra Energy Partners from a “b” rating to a “c+” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research lowered NextEra Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $39.45.

The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 2.04. The company has a market cap of $2,041.46, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 3.85 and a beta of 1.19.

NextEra Energy Partners (NYSE:NEP) last posted its earnings results on Thursday, October 26th. The solar energy provider reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.36). NextEra Energy Partners had a net margin of 10.38% and a return on equity of 3.57%. The company had revenue of $177.00 million for the quarter, compared to the consensus estimate of $243.16 million. equities analysts forecast that NextEra Energy Partners, LP will post 0.91 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th were given a $0.3925 dividend. This is an increase from NextEra Energy Partners’s previous quarterly dividend of $0.38. This represents a $1.57 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Friday, November 3rd. NextEra Energy Partners’s dividend payout ratio (DPR) is currently 113.77%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in NextEra Energy Partners by 10.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the solar energy provider’s stock worth $117,000 after buying an additional 298 shares in the last quarter. Schroder Investment Management Group grew its position in NextEra Energy Partners by 3.7% during the second quarter. Schroder Investment Management Group now owns 10,129 shares of the solar energy provider’s stock worth $380,000 after buying an additional 366 shares in the last quarter. Roosevelt Investment Group Inc. grew its position in NextEra Energy Partners by 1.9% during the second quarter. Roosevelt Investment Group Inc. now owns 26,988 shares of the solar energy provider’s stock worth $998,000 after buying an additional 500 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in NextEra Energy Partners by 14.3% during the second quarter. BNP Paribas Arbitrage SA now owns 4,800 shares of the solar energy provider’s stock worth $178,000 after buying an additional 600 shares in the last quarter. Finally, Credit Suisse AG grew its position in NextEra Energy Partners by 1.8% during the first quarter. Credit Suisse AG now owns 44,883 shares of the solar energy provider’s stock worth $1,487,000 after buying an additional 772 shares in the last quarter. 83.49% of the stock is currently owned by institutional investors and hedge funds.

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About NextEra Energy Partners

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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