Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on Nextera Energy Partners (NYSE:NEP) on Monday, setting a price target of $95, which is approximately 8.61% above the present share price of $87.47.
Byrd expects Nextera Energy Partners to post earnings per share (EPS) of $0.24 for the fourth quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Nextera Energy Partners, with an average price target of $94.33.
The analysts price targets range from a high of $103 to a low of $83.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $252 million and a net profit of $64 million. The company's market cap is $6.7 billion.
According to TipRanks.com, Morgan Stanley analyst Stephen Byrd is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.7% and a 60.73% success rate.
NextEra Energy (NYSE:NEE) Partners LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.