On Oct 24, major Wall Street analysts update their ratings for $NextEra Energy Partners LP (NEP.US)$, with price targets ranging from $20 to $30.
Morgan Stanley analyst Robert Kad maintains with a sell rating, and maintains the target price at $20.
J.P. Morgan analyst Mark Strouse upgrades to a hold rating, and adjusts the target price from $25 to $22.
Jefferies analyst Julien Dumoulin Smith maintains with a buy rating, and adjusts the target price from $28 to $27.
Evercore analyst Michael Lonegan maintains with a buy rating, and adjusts the target price from $32 to $30.
Oppenheimer analyst Noah Kaye maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $NextEra Energy Partners LP (NEP.US)$'s main analysts recently are as follows:
NextEra Energy Partners' third-quarter results came in below expectations, mainly due to reduced wind resource availability. Significantly, the company has communicated plans to update investors by the fourth-quarter earnings call at the latest, regarding the strategic evaluation of its long-term convertible equity portfolio financing obligations and cost structure. Analysts suggest that a forthcoming announcement related to asset dropdowns, paired with a distribution revision, has the potential to act as a positive catalyst for the stock, enhancing growth prospects into fiscal 2026 and onwards.
Following the release of Q3 earnings, confirmation was received regarding an update on the company's cash deployment strategy by Q4, with strong implications of a forthcoming dividend reduction. The subsequent decline in the stock's value was attributed not just to this announcement but also to speculations about the extent of the cut. Despite this, there is no concern from analysts who believe that such an adjustment is crucial for managing substantial CEPF buyouts and for aligning the dividend yield with that of industry counterparts.
Here are the latest investment ratings and price targets for $NextEra Energy Partners LP (NEP.US)$ from 5 analysts:
Note:
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