Seaport Global analyst Angie Storozynski maintains $NextEra Energy Partners LP (NEP.US)$ with a sell rating, and adjusts the target price from $15 to $14.
According to TipRanks data, the analyst has a success rate of 66.9% and a total average return of 16.5% 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' reported Q3 results did not meet expectations largely due to diminished wind resource, as noted by an analyst. Of greater significance is the company's announcement of its intention to update investors by the latest Q4 earnings call concerning a strategic review of its long-term convertible equity portfolio financing obligations and the cost of capital. An analyst suggests that an announcement regarding dropdowns, paired with a distribution reset, may act as a catalyst for the stock, potentially enhancing growth visibility into fiscal 2026 and onward.
Following Q3 earnings, it was confirmed that an update on NextEra Energy Partners' strategy for cash deployment is expected by Q4, with strong indications of an approaching dividend reduction. The share price responded negatively, which was attributed less to the announcement itself and more to speculation regarding the extent of the impending cut. An analyst perceives this adjustment as a strategic move to manage significant CEPF acquisitions and to align the dividend yield with that of industry counterparts.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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