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NextEra Energy Partners, LP (NYSE:NEP) Growth in Focus
July 20 2018, 08:19 | Alonzo Simpson
As the regular session came to an end, the price changed by 0.21% to $161.13. Teachers Advisors LLC raised its stake in shares of Nextera Energy Partners by 181.3% during the fourth quarter. Sold All: 10 Reduced: 41 Increased: 46 New Position: 27.
Advisory Services Network Llc increased Praxair Inc (PX) stake by 221.82% reported in 2017Q4 SEC filing. The Tokio Marine Asset Management Co Ltd holds 39,600 shares with $5.44M value, down from 61,400 last quarter. West Pharmaceutical Svsc Inc now has $6.81 billion valuation. The stock decreased 1.44% or $0.51 during the last trading session, reaching $34.89. There is no guarantee that when share prices reach a 52 week low, the stock will begin to trade higher - it could break down to an even lower level. Signature Bank (NASDAQ:SBNY) has declined 1.22% since April 23, 2017 and is downtrending. It has underperformed by 5.18% the S&P500. Riverhead Cap Mngmt Ltd Llc invested 0.06% in NextEra Energy, Inc. (NYSE:WST) for 3,700 shares. Cme Group Inc (NASDAQ:CME) was raised too. For the Current month, 7 analysts have assigned this stock as Buy where 3 assigned Outperform, 15 analysts believe it's a Hold, 0 said Underperform and only 0 assigned Sell rating. Therefore 66% are positive. Google had 192 analyst reports since August 8, 2015 according to SRatingsIntel. On Tuesday, January 30 the stock rating was maintained by Jefferies with "Buy". The rating was maintained by Morgan Stanley with "Overweight" on Monday, April 16. Leerink Swann maintained the stock with "Outperform" rating in Tuesday, November 7 report. The stock now has a consensus rating of "Buy" and an average target price of $168.85. RBC Capital Markets maintained it with "Buy" rating and $156.0 target in Sunday, November 5 report. KeyBanc Capital Markets maintained it with "Overweight" rating and $168 target in Wednesday, April 18 report. The company rating was maintained by Morgan Stanley on Wednesday, December 13. On Tuesday, April 10 the firm has "Neutral" rating given by JP Morgan.
NextEra Energy Partners LP (NEP) revealed earnings for its first quarter that climbed from past year. The institutional investor held 8,935 shares of the public utilities company at the end of 2017Q4, valued at $1.40 million, up from 6,988 at the end of the previous reported quarter. WST's profit will be $48.07M for 35.39 P/E if the $0.65 EPS becomes a reality.
Among 8 analysts covering NextEra Energy Inc (NYSE:NEE), 8 have Buy rating, 0 Sell and 0 Hold. The stock is now trading -2.96% away from the 52-week high and separated 54.53% from the 52-week low. (NYSE:RJF), we can see that the average consensus target price based on contributing analysts is now $100.75. NEP was included in 4 notes of analysts from October 17, 2016. The firm has "Outperform" rating given on Monday, May 2 by Macquarie Research.
NextEra Energy Partners, LP acquires, owns, and operates contracted clean energy projects. JP Morgan has "Neutral" rating and $169 target. The rating was upgraded by Zacks to "Hold" on Monday, August 31. Birch Hill Inv Advsrs Limited Co holds 0.2% of its portfolio in NextEra Energy, Inc.
NextEra, whose 13.1GW of U.S. wind capacity is equal to the market's numbers two and three owners combined, is planning to add at least 10GW and as much as 16GW of new North American wind and solar by the end of 2020, as it looks to take advantage of the fading production and investment tax credits. Moreover, A. D. Beadell Investment Counsel Inc. has 5.51% invested in the company for 155,798 shares. Pictet Asset Management Ltd who had been investing in Nextera Energy Inc for a number of months, seems to be less bullish one the $75.76B market cap company. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities.
Is its earnings sufficient to payout dividend at the current rate? Nextera Energy Partners had a return on equity of 4.72% and a net margin of 12.89%. NextEra Energy Partners, LP's EPS for the trailing 12 months is 0.66. Since April 24, 2017 NEP has risen 24.04% and is uptrending. It has outperformed by 12.47% the S&P500.
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