NextEra Energy Partners (NEP) to Release Earnings on Tuesday

NextEra Energy Partners (NYSE:NEP - Get Free Report) is scheduled to release its earnings data before the market opens on Tuesday, April 23rd. Analysts expect NextEra Energy Partners to post earnings of $0.17 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

NextEra Energy Partners (NYSE:NEP - Get Free Report) last issued its quarterly earnings data 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). NextEra Energy Partners had a negative return on equity of 1.06% and a net margin of 16.00%. The business had revenue of $232.00 million during the quarter, compared to the consensus estimate of $360.03 million. On average, analysts expect NextEra Energy Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NextEra Energy Partners Stock Performance

Shares of NYSE:NEP traded down $0.08 on Tuesday, hitting $26.99. The company's stock had a trading volume of 1,563,630 shares, compared to its average volume of 1,370,994. NextEra Energy Partners has a 12 month low of $20.17 and a 12 month high of $64.43. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 12.86 and a beta of 1.00. The stock's 50-day moving average is $28.39 and its two-hundred day moving average is $27.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.28 and a current ratio of 1.33.

NextEra Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 13.04%. The ex-dividend date of this dividend was Monday, February 5th. This is a positive change from NextEra Energy Partners's previous quarterly dividend of $0.87. NextEra Energy Partners's dividend payout ratio is currently 165.26%.

Analyst Ratings Changes

Several research analysts have recently issued reports on NEP shares. Marathon Capitl reiterated an "equal weight" rating on shares of NextEra Energy Partners in a report on Tuesday, March 26th. StockNews.com raised NextEra Energy Partners to a "sell" rating in a research note on Tuesday, March 19th. Raymond James decreased their target price on NextEra Energy Partners from $50.00 to $45.00 and set an "outperform" rating for the company in a research note on Wednesday, April 3rd. CIBC cut NextEra Energy Partners from a "sector outperform" rating to a "neutral" rating and set a $35.00 target price for the company. in a research note on Tuesday, January 9th. Finally, JPMorgan Chase & Co. raised their target price on NextEra Energy Partners from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $45.53.

Institutional Trading of NextEra Energy Partners

Several institutional investors have recently made changes to their positions in NEP. Advisory Services Network LLC boosted its stake in shares of NextEra Energy Partners by 15.0% during the 1st quarter. Advisory Services Network LLC now owns 2,896 shares of the solar energy provider's stock valued at $241,000 after buying an additional 377 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in NextEra Energy Partners during the fourth quarter valued at $230,000. Fiduciary Group LLC acquired a new stake in NextEra Energy Partners during the first quarter valued at $219,000. Virginia Retirement Systems ET AL acquired a new stake in NextEra Energy Partners during the second quarter valued at $205,000. Finally, Castleview Partners LLC boosted its position in NextEra Energy Partners by 110.1% during the second quarter. Castleview Partners LLC now owns 2,479 shares of the solar energy provider's stock valued at $145,000 after purchasing an additional 1,299 shares during the last quarter. 66.01% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Partners Company Profile

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.