JPMorgan downgraded the company to Neutral from Overweight and cut its price target to $40.00 from $69.00. According to the firm, the reason for the rating change is that the company has substantially lowered its expected distribution per unit (DPU) growth. This reduction is attributed to the inability to accretively add drop-downs from its parent company Nextera Energy (NYSE:NEE), due to a higher cost of capital.