Fintel reports that on September 19, 2024, Jefferies initiated coverage of NextEra Energy Partners, LP - Limited Partnership (NYSE:NEP) with a Buy recommendation.
Analyst Price Forecast Suggests 11.84% Upside
As of August 26, 2024, the average one-year price target for NextEra Energy Partners, LP - Limited Partnership is $28.90/share. The forecasts range from a low of $15.15 to a high of $38.85. The average price target represents an increase of 11.84% from its latest reported closing price of $25.84 / share.
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The projected annual revenue for NextEra Energy Partners, LP - Limited Partnership is 1,847MM, an increase of 59.50%. The projected annual non-GAAP EPS is 3.12.
What is the Fund Sentiment?
There are 446 funds or institutions reporting positions in NextEra Energy Partners, LP - Limited Partnership. This is an decrease of 10 owner(s) or 2.19% in the last quarter. Average portfolio weight of all funds dedicated to NEP is 0.33%, an increase of 23.88%. Total shares owned by institutions decreased in the last three months by 1.33% to 67,418K shares. 
The put/call ratio of NEP is 0.66, indicating a bullish outlook.
What are Other Shareholders Doing?
Rare Infrastructure holds 4,028K shares representing 4.31% ownership of the company. In its prior filing, the firm reported owning 4,161K shares , representing a decrease of 3.32%. The firm decreased its portfolio allocation in NEP by 8.79% over the last quarter.
M&g Investment Management holds 3,118K shares representing 3.33% ownership of the company. In its prior filing, the firm reported owning 2,395K shares , representing an increase of 23.17%. The firm increased its portfolio allocation in NEP by 3.05% over the last quarter.
M&G holds 2,566K shares representing 2.74% ownership of the company. In its prior filing, the firm reported owning 2,769K shares , representing a decrease of 7.92%. The firm decreased its portfolio allocation in NEP by 9.68% over the last quarter.
Brookfield Asset Management holds 2,180K shares representing 2.33% ownership of the company. No change in the last quarter.
Tortoise Capital Advisors, L.l.c. holds 1,941K shares representing 2.07% ownership of the company. In its prior filing, the firm reported owning 2,546K shares , representing a decrease of 31.21%. The firm decreased its portfolio allocation in NEP by 38.22% over the last quarter.
NextEra Energy Partners Background Information
(This description is provided by the company.)
NextEra Energy Partners, LP is a growth-oriented limited partnership formed by NextEra Energy, Inc. NextEra Energy Partners acquires, manages and owns contracted clean energy projects with stable, long-term cash flows. Headquartered in Juno Beach, Florida, NextEra Energy Partners owns interests in geographically diverse wind and solar projects in the U.S. as well as natural gas infrastructure assets in Texas and Pennsylvania.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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