NextEra Energy Partners LP (NYSE:NEP)’s share price traded down 1.2% during trading on Monday . The stock traded as low as $29.91 and last traded at $30.10, with a volume of 79,255 shares changing hands. The stock had previously closed at $30.48.

Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of NextEra Energy Partners from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Avondale Partners downgraded shares of NextEra Energy Partners from an “outperform” rating to a “market perform” rating in a report on Thursday, July 28th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $31.70.

The company has a 50-day moving average price of $30.85 and a 200 day moving average price of $28.46. The company has a market cap of $1.26 billion and a price-to-earnings ratio of 50.53.

NextEra Energy Partners (NYSE:NEP) last posted its quarterly earnings results 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 had revenue of $171 million for the quarter, compared to analysts’ expectations of $195.70 million. During the same quarter in the previous year, the firm earned $0.16 EPS. Analysts anticipate that NextEra Energy Partners LP will post $1.15 earnings per share for the current fiscal year.

The firm also recently declared 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 positive change from NextEra Energy Partners’s previous quarterly dividend of $0.32. The ex-dividend date was Tuesday, August 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 4.44%.

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.

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's FREE daily email newsletter.