NextEra Energy Partners LP (NYSE:NEP)’s share price traded down 1.3% on Monday . The stock traded as low as $30.68 and last traded at $30.81, with a volume of 131,227 shares changing hands. The stock had previously closed at $31.23.

Several equities analysts have weighed in on the company. Zacks Investment Research cut NextEra Energy Partners from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 20th. Royal Bank Of Canada assumed coverage on NextEra Energy Partners in a report on Tuesday, April 5th. They issued a “sector perform” rating and a $29.00 price objective for the company. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $28.00 price objective on shares of NextEra Energy Partners in a report on Tuesday, April 19th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. NextEra Energy Partners currently has a consensus rating of “Buy” and a consensus price target of $33.92.

The stock has a market capitalization of $1.29 billion and a price-to-earnings ratio of 63.29. The stock has a 50-day moving average price of $29.51 and a 200 day moving average price of $27.74.

NextEra Energy Partners (NYSE:NEP) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.21. Equities analysts forecast that NextEra Energy Partners LP will post $1.25 earnings per share for the current year.

Several institutional investors recently bought and sold shares of the company. Artemis Investment Management LLP raised its position in NextEra Energy Partners by 23.1% in the fourth quarter. Artemis Investment Management LLP now owns 44,593 shares of the company’s stock worth $1,331,000 after buying an additional 8,375 shares during the last quarter. PNC Financial Services Group Inc. raised its position in NextEra Energy Partners by 7,147.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 81,175 shares of the company’s stock worth $2,423,000 after buying an additional 80,055 shares during the last quarter. BBT Capital Management LLC bought a new position in NextEra Energy Partners during the fourth quarter worth approximately $4,014,000. Neuberger Berman Group LLC raised its position in 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 during the last quarter. Finally, Reaves W H & Co. Inc. raised its position in 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 during 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.