JP Energy Partners LP (NYSE:JPEP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.
Advertisement
Nextera Energy Partners, LP is a limited partnership formed to acquire, manage and own contracted clean energy projects. The Company’s operations consist of four business segments: crude oil pipelines and storage; crude oil supply and logistics; refined products terminals and storage; NGL distribution and sales. “NextEra Energy Partners, in our view, remains the premier YieldCo in the space”.
NEP has been the topic of several other research reports. Simmons began coverage on Spectra Energy Partners, in a report on Monday, August 1st. They issued a “hold” rating on the stock. According to a research note published on Oct 19, 2015, analysts at Goldman have upped their rating on the company stock from Neutral to Buy. Finally, Avondale Partners lowered shares of NextEra Energy Partners from an outperform rating to a market perform rating in a research report on Thursday, July 28th. And roundups of analyst notes show that 0 are rating the stock a buy while 0 rate NEP a strong buy. The company presently has a consensus rating of “Buy” and an average price target of $53.92.
Nextera Energy Partners LP opened for trading at $29.17 and hit $29.37 on the upside on Thursday, eventually ending the session at $29.14, with a gain of 0.03% or 0.01 points. 91,030 shares of the company’s stock were exchanged. The firm has a market capitalization of $13.19 billion, a price-to-earnings ratio of 13.72 and a beta of 0.66. The stock’s 50-day moving average price is $8.08 and its 200-day moving average price is $7.18.
NextEra Energy Partners (NYSE:NEP) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. The company had revenue of $171 million for the quarter, compared to analyst estimates of $195.70 million.
The $476 million deal (includes $258 million of non-recourse project debt) will expand NextEra Energy Partners’ portfolio of contracted renewable energy projects to roughly 2,788 megawatts (MW).
Advertisement
In Energy Transfer Equity LP (NYSE:ETE)’s most recent quarter, EPS moved to $0.23 from $0.30 in prior quarter and revenues reached at $9,344.00M versus $7,682.00M. That is compared with the $0.28 in earnings per share it reported during the same period past year. The rating firm gave a Sector Perform rating to this stock in a research note on April 5, 2016.Scotia Howard Weil analysts issued their verdict on Nextera Energy Partners LP (NYSE:NEP) recently. The Hedge Fund company now holds 69,600 shares of NEP which is valued at $2,175,000.Td Asset Management Inc reduced its stake in NEP by selling 106,900 shares or 68.13% in the most recent quarter. Price Michael F increased its position in JP Energy Partners by 41.6% in the first quarter. Its Director, 10% Owner WARREN KELCY L Purchased 2,485,000 company shares for $41300000.7, in a transaction on 2015-12-09. BlackRock Fund Advisors boosted its position in shares of NextEra Energy Partners by 158.7% in the first quarter. Royal Bank of Canada now owns 5,510 shares of the company’s stock worth $150,000 after buying an additional 5,293 shares during the last quarter.
