NextEra Energy Partners LP (NEP) Sees Unusually-High Trading Volume
NextEra Energy Partners LP (NYSE:NEP) saw strong trading volume on Friday . 152,763 shares changed hands during mid-day trading, a decline of 7% from the previous session’s volume of 164,455 shares.The stock last traded at $30.73 and had previously closed at $30.64.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised NextEra Energy Partners from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Thursday, April 28th. Avondale Partners lowered NextEra Energy Partners from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 28th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. NextEra Energy Partners currently has an average rating of “Hold” and an average price target of $32.73.
The company’s 50 day moving average is $30.86 and its 200-day moving average is $28.38. The firm has a market capitalization of $1.30 billion and a PE ratio of 52.41.
NextEra Energy Partners (NYSE:NEP) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.14. The company earned $171 million during the quarter, compared to the consensus estimate of $195.70 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. On average, equities research analysts expect that NextEra Energy Partners LP will post $1.15 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Thursday, August 4th were given a dividend of $0.33 per share. This is a boost from NextEra Energy Partners’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend was Tuesday, August 2nd.
An institutional investor recently raised its position in NextEra Energy Partners stock. Morgan Stanley increased its position in shares of NextEra Energy Partners LP (NYSE:NEP) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 696,043 shares of the company’s stock after buying an additional 10,309 shares during the period. Morgan Stanley owned 2.27% of NextEra Energy Partners worth $20,776,000 at the end of the most recent reporting period.
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 approximately seven contracted natural gas pipeline assets.
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