Evercore analyst Michael Lonegan maintains $NextEra Energy Partners LP (NEP.US)$ with a buy rating, and adjusts the target price from $32 to $30.
According to TipRanks data, the analyst has a success rate of 59.1% and a total average return of 6.1% over the past year.
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' Q3 results did not meet expectations, mainly due to reduced wind resource availability. Additionally, the company plans to update investors on the strategic review of its long-term convertible equity portfolio financing obligations and cost of capital by the Q4 earnings call at the latest. It's anticipated that a dropdown announcement paired with a distribution reset may act as a catalyst for the stock, potentially enhancing growth visibility into fiscal 2026 and beyond.
In the context of the recent Q3 earnings, it was confirmed that an update on the cash deployment strategy for NextEra Energy Partners would be forthcoming by Q4, with strong indications of an impending dividend reduction. The subsequent decline in the stock's value was less a reaction to this news and more of a response to speculation regarding the extent of the dividend decrease. An analyst voiced a lack of concern over this development, suggesting that a dividend cut may be prudent to manage significant CEPF buyouts and could serve as a chance to align the dividend yield with that of industry counterparts.
Note:
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