NextEra Energy Partners, LP (NYSE:NEP) to Post FY2025 Earnings of $0.55 Per Share, Seaport Res Ptn Forecasts

NextEra Energy Partners, LP (NYSE:NEP - Free Report) - Research analysts at Seaport Res Ptn upped their FY2025 earnings estimates for shares of NextEra Energy Partners in a report issued on Monday, March 18th. Seaport Res Ptn analyst A. Storozynski now anticipates that the solar energy provider will post earnings per share of $0.55 for the year, up from their prior forecast of $0.31. The consensus estimate for NextEra Energy Partners' current full-year earnings is $0.89 per share. Seaport Res Ptn also issued estimates for NextEra Energy Partners' FY2026 earnings at $0.28 EPS.

NEP has been the subject of a number of other research reports. Guggenheim lowered their price objective on shares of NextEra Energy Partners from $42.00 to $37.00 and set a "buy" rating for the company in a research report on Wednesday, December 6th. StockNews.com raised shares of NextEra Energy Partners to a "sell" rating in a research report on Tuesday. Mizuho decreased their price target on shares of NextEra Energy Partners from $40.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday, December 12th. CIBC cut shares of NextEra Energy Partners from a "sector outperform" rating to a "neutral" rating and set a $35.00 price target for the company. in a research report on Tuesday, January 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of NextEra Energy Partners from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $47.31.

NextEra Energy Partners Trading Down 0.6 %

Shares of NYSE:NEP traded down $0.16 during mid-day trading on Wednesday, reaching $27.10. 1,810,063 shares of the company were exchanged, compared to its average volume of 1,412,092. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.33 and a quick ratio of 1.28. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 2.05 and a beta of 1.00. The firm's 50-day simple moving average is $28.27 and its 200 day simple moving average is $29.65. NextEra Energy Partners has a 1 year low of $20.17 and a 1 year high of $64.43.

NextEra Energy Partners (NYSE:NEP - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The solar energy provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.38). The firm had revenue of $232.00 million for the quarter, compared to analyst estimates of $360.03 million. NextEra Energy Partners had a negative return on equity of 1.06% and a net margin of 16.00%.

Institutional Investors Weigh In On NextEra Energy Partners

Several hedge funds and other institutional investors have recently bought and sold shares of NEP. CWM LLC raised its stake in NextEra Energy Partners by 160.2% during the 4th quarter. CWM LLC now owns 830 shares of the solar energy provider's stock worth $25,000 after acquiring an additional 511 shares in the last quarter. Richardson Financial Services Inc. acquired a new position in NextEra Energy Partners in the fourth quarter valued at $27,000. MV Capital Management Inc. acquired a new position in NextEra Energy Partners in the fourth quarter valued at $30,000. Heritage Wealth Advisors acquired a new position in NextEra Energy Partners in the fourth quarter valued at $33,000. Finally, ORG Partners LLC increased its stake in NextEra Energy Partners by 120.3% in the third quarter. ORG Partners LLC now owns 1,227 shares of the solar energy provider's stock valued at $36,000 after purchasing an additional 670 shares during the period. 80.99% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th were paid a dividend of $0.88 per share. This is a positive change from NextEra Energy Partners's previous quarterly dividend of $0.87. This represents a $3.52 annualized dividend and a yield of 12.99%. The ex-dividend date was Monday, February 5th. NextEra Energy Partners's dividend payout ratio (DPR) is currently 165.26%.

About NextEra Energy Partners

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind, solar, and battery storage projects. The company owns contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is based in Juno Beach, Florida.