Deutsche Bank Reiterates a Hold Rating on Nextera Energy Partners

By George MacDonald

In a report issued on July 28, Jonathan Arnold from Deutsche Bank reiterated a Hold rating on Nextera Energy Partners (NYSE: NEP). The company’s shares closed last Friday at $31.23.

According to TipRanks.com, Arnold is a 4-star analyst with an average return of 3.8% and a 64.6% success rate. Arnold covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Centerpoint Energy.

Nextera Energy Partners has an analyst consensus of Moderate Buy

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Based on Nextera Energy Partners` latest earnings report from March 31, the company posted quarterly revenue of $165M and quarterly net profit of $5M. In comparison, last year the company earned revenue of $107M and had a net profit of $46M.

Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NEP in relation to earlier this year. Most recently, in September 2015, Paul Cutler, a the Treasurer & Asst. Sec of GP of NEP bought 12,000 shares for a total of $312,000.

NextEra Energy Partners LP are a growth-oriented limited partnership formed by NextEra Energy, Inc. to acquires, manages and owns contracted clean energy projects with stable, long-term cash flows. The company’s objective is to invest in contracted clean energy projects that allow it to increase its cash distributions to the holders of its common units over time. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.