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NextEra Energy Partners (NYSE:NEP) Hits New 52-Week Low at $60.69

NextEra Energy Partners (NYSE:NEP) Hits New 52-Week Low at .69

Shares of NextEra Vitality Companions, LP (NYSE:NEP – Get Ranking) reached a brand new 52-week low on Monday . The corporate traded as little as $60.69 and final traded at $61.84, with a quantity of 188319 shares traded. The inventory had beforehand closed at $62.42.

Wall Avenue Analyst Weigh In

A number of brokerages have commented on NEP. Morgan Stanley dropped their value goal on shares of NextEra Vitality Companions from $88.00 to $86.00 and set an “equal weight” score on the inventory in a analysis word on Monday, January twenty third. TheStreet lowered shares of NextEra Vitality Companions from a “b-” score to a “c+” score in a analysis word on Tuesday, March seventh. Royal Financial institution of Canada dropped their value goal on shares of NextEra Vitality Companions from $89.00 to $87.00 and set an “outperform” score on the inventory in a analysis word on Monday, January thirtieth. Oppenheimer elevated their value goal on shares of NextEra Vitality Companions from $88.00 to $94.00 and gave the corporate an “outperform” score in a analysis word on Thursday, January twenty sixth. Lastly, Wells Fargo & Firm dropped their value goal on shares of NextEra Vitality Companions from $90.00 to $85.00 and set an “chubby” score on the inventory in a analysis word on Thursday, March 2nd. Two funding analysts have rated the inventory with a promote score, three have assigned a maintain score and 6 have issued a purchase score to the inventory. In line with knowledge from MarketBeat.com, the inventory has a consensus score of “Maintain” and a consensus value goal of $84.90.

NextEra Vitality Companions Buying and selling Up 2.9 %

The corporate has a fast ratio of 1.37, a present ratio of 1.40 and a debt-to-equity ratio of 0.36. The corporate has a fifty day transferring common of $70.92 and a two-hundred day transferring common of $74.45. The inventory has a market capitalization of $5.42 billion, a price-to-earnings ratio of 11.07, a P/E/G ratio of two.68 and a beta of 0.91.

NextEra Vitality Companions (NYSE:NEP – Get Ranking) final issued its quarterly earnings outcomes on Wednesday, January twenty fifth. The photo voltaic vitality supplier reported $0.40 earnings per share for the quarter, lacking the consensus estimate of $0.52 by ($0.12). NextEra Vitality Companions had a return on fairness of three.78% and a internet margin of 39.39%. The corporate had income of $266.00 million for the quarter, in comparison with analyst estimates of $336.74 million. Throughout the identical interval within the prior yr, the enterprise earned ($0.12) earnings per share. NextEra Vitality Companions’s income for the quarter was up 14.7% in comparison with the identical quarter final yr. On common, analysis analysts anticipate that NextEra Vitality Companions, LP will put up 2.33 EPS for the present yr.

NextEra Vitality Companions Will increase Dividend

The enterprise additionally not too long ago declared a quarterly dividend, which was paid on Tuesday, February 14th. Buyers of file on Monday, February sixth have been issued a dividend of $0.8125 per share. The ex-dividend date of this dividend was Friday, February third. This is a rise from NextEra Vitality Companions’s earlier quarterly dividend of $0.79. This represents a $3.25 annualized dividend and a dividend yield of 5.19%. NextEra Vitality Companions’s dividend payout ratio (DPR) is at present 57.42%.

Institutional Buyers Weigh In On NextEra Vitality Companions

Hedge funds have not too long ago modified their holdings of the inventory. Premier Fund Managers Ltd lifted its holdings in NextEra Vitality Companions by 24,547.1% within the fourth quarter. Premier Fund Managers Ltd now owns 949,160 shares of the photo voltaic vitality supplier’s inventory valued at $67,224,000 after buying an extra 945,309 shares in the course of the interval. ClearBridge Investments Ltd lifted its holdings in NextEra Vitality Companions by 94.8% within the first quarter. ClearBridge Investments Ltd now owns 1,541,145 shares of the photo voltaic vitality supplier’s inventory valued at $128,470,000 after buying an extra 750,144 shares in the course of the interval. Marshall Wace LLP acquired a brand new stake in NextEra Vitality Companions within the third quarter valued at $42,935,000. Worldwide Belongings Funding Administration LLC lifted its holdings in NextEra Vitality Companions by 18,031.2% within the fourth quarter. Worldwide Belongings Funding Administration LLC now owns 568,593 shares of the photo voltaic vitality supplier’s inventory valued at $834,000 after buying an extra 565,457 shares in the course of the interval. Lastly, Citigroup Inc. lifted its holdings in NextEra Vitality Companions by 920.4% within the fourth quarter. Citigroup Inc. now owns 499,979 shares of the photo voltaic vitality supplier’s inventory valued at $35,044,000 after buying an extra 450,982 shares in the course of the interval. 83.05% of the inventory is owned by institutional traders and hedge funds.

NextEra Vitality Companions Firm Profile

(Get Ranking)

NextEra Vitality Companions LP engages within the acquisition, administration, and possession of contracted clear vitality initiatives with long-term money flows. It owns pursuits in wind and photo voltaic initiatives in North America and pure gasoline infrastructure belongings in Texas. The corporate was based on March 6, 2014 and is headquartered in Juno Seashore, FL.

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