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UBS covered NextEra Energy Partners (NYSE:NEP), hiking its price target to $31.00 today

Showing a price of $27.04, NextEra Energy Partners (NYSE:NEP) traded 1.04% higher on the day. With the last closing price down -5.63% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $28.40 and a 200-day moving average of $28.95. 260,309 shares of NEP traded, down from an avg. volume of 390,974

UBS bumped up the target of NextEra Energy Partners (NYSE:NEP) to $31.00 indicating a possible upside of 0.15%.

See Chart Below

NextEra Energy Partners (NYSE:NEP)

NextEra Energy Partners has a 52 week low of $22.25 and a 52 week high of $32.42 with a PE ratio of 46.38 NEP’s total market value is presently $0.

A total of 16 brokerages have issued a ratings update on the company. zero analysts rating the company a strong buy, 0 firms rating the company a buy, zero brokers rating the stock a hold, zero analysts rating the company a underperform, and finally 0 brokerages rating the company a sell with a one year target of $34.63.

More About NextEra Energy Partners (NYSE:NEP)

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. The Company's contracted renewable energy projects portfolio includes approximately 2,656 megawatts (MW). The Company's natural gas pipelines in the portfolio serve power producers and municipalities in South Texas; processing plants and producers in the Eagle Ford Shale, and residential, commercial and industrial customers in the Houston area. The Company is a subsidiary of NextEra Energy, Inc., which is a clean energy company.

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