Shares of NextEra Energy Partners LP (NYSE:NEP) shot up 2.5% during trading on Tuesday . The stock traded as high as $31.31 and last traded at $31.10, with a volume of 264,598 shares trading hands. The stock had previously closed at $30.34.

Several brokerages recently commented on NEP. Zacks Investment Research upgraded shares of NextEra Energy Partners from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Thursday, April 28th. Deutsche Bank AG reiterated a “hold” rating and issued a $28.00 price objective on shares of NextEra Energy Partners in a research note on Tuesday, April 19th. Finally, Royal Bank Of Canada began coverage on shares of NextEra Energy Partners in a research note on Tuesday, April 5th. They issued a “sector perform” rating and a $29.00 price objective for the company. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. NextEra Energy Partners has an average rating of “Buy” and a consensus target price of $33.92.

The firm’s 50-day moving average price is $28.86 and its 200-day moving average price is $27.69. The stock has a market capitalization of $1.31 billion and a price-to-earnings ratio of 64.28.

NextEra Energy Partners (NYSE:NEP) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.35 by $0.21. On average, equities research analysts forecast that NextEra Energy Partners LP will post $1.31 EPS for the current year.

Other institutional investors recently made changes to their positions in the company. Jennison Associates LLC raised its position in shares of NextEra Energy Partners by 2.4% in the fourth quarter. Jennison Associates LLC now owns 2,225,812 shares of the company’s stock worth $66,440,000 after buying an additional 51,264 shares in the last quarter. Morgan Stanley raised its position in shares of NextEra Energy Partners by 1.5% in the fourth quarter. Morgan Stanley now owns 696,043 shares of the company’s stock worth $20,776,000 after buying an additional 10,309 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of NextEra Energy Partners by 61.8% in the fourth quarter. Teacher Retirement System of Texas now owns 597,646 shares of the company’s stock worth $17,840,000 after buying an additional 228,319 shares in the last quarter. Reaves W H & Co. Inc. raised its position in shares of NextEra Energy Partners by 19.6% in the fourth quarter. Reaves W H & Co. Inc. now owns 369,350 shares of the company’s stock worth $11,025,000 after buying an additional 60,450 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of NextEra Energy Partners by 128.6% in the fourth quarter. Neuberger Berman Group LLC now owns 210,782 shares of the company’s stock worth $6,292,000 after buying an additional 118,579 shares in the last quarter.

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, owns a portfolio of contracted renewable generation assets consisting of wind and solar projects.

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