Nextera Energy Partners LP Company Profile (NYSE:NEP)

About Nextera Energy Partners LP (NYSE:NEP)

Nextera Energy Partners LP logoNextera Energy Partners, LP is a limited partnership formed to acquire, manage and own contracted clean energy projects. The Company, through its limited partnership interest in NextEra Energy Operating Partners, LP (NEP OpCo), owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets. The Company's primary business objective is to invest in contracted clean energy projects. As of December 31, 2016, the Company's project portfolio of clean, contracted renewable energy assets (initial portfolio) included approximately 989 megawatts (MW) of wind and solar energy generating facilities located in the United States and Canada. As of December 31, 2016, the Company's portfolio included Genesis, Northern Colorado, Tuscola Bay, Elk City, Perrin Ranch, Bluewater, Moore, Sombra, Shafter, Palo Duro, Stateline, Mammoth Plains, Jericho, Cedar Bluff Wind and Golden Hills Wind.

Industry, Sector and Symbol: Capitalization:
  • Market Cap: $1.87 billion
  • Outstanding Shares: 54,247,000
Average Prices:
  • 50 Day Moving Avg: $33.45
  • 200 Day Moving Avg: $29.72
  • 52 Week Range: $23.90 - $35.13
P/E:
  • Trailing P/E Ratio: 18.83
  • Foreward P/E Ratio: 18.49
  • P/E Growth: 0.52
Sales & Book Value:
  • Annual Revenue: $719 million
  • Price / Sales: 2.60
  • Book Value: $32.02 per share
  • Price / Book: 1.07
Dividend:
  • Annual Dividend: $1.41
  • Dividend Yield: 4.4%
Profitability:
  • EBIDTA: $491 million
  • Net Margins: 12.89%
  • Return on Equity: 4.72%
  • Return on Assets: 1.30%
Debt:
  • Debt-to-Equity Ratio: 1.65%
  • Current Ratio: 1.37%
  • Quick Ratio: 1.37%
Misc:
  • Average Volume: 241,182 shs.
  • Beta: 1.31
  • Short Ratio: 2.54
 

Frequently Asked Questions for Nextera Energy Partners LP (NYSE:NEP)

What is Nextera Energy Partners LP's stock symbol?

Nextera Energy Partners LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEP."

How often does Nextera Energy Partners LP pay dividends? What is the dividend yield for Nextera Energy Partners LP?

Nextera Energy Partners LP declared a quarterly dividend on Friday, April 21st. Stockholders of record on Monday, May 8th will be paid a dividend of $0.365 per share on Monday, May 15th. This represents a $1.46 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Thursday, May 4th. This is a positive change from Nextera Energy Partners LP's previous quarterly dividend of $0.35. View Nextera Energy Partners LP's Dividend History.

How were Nextera Energy Partners LP's earnings last quarter?

Nextera Energy Partners LP (NYSE:NEP) issued its quarterly earnings data on Friday, April, 21st. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.40 by $0.18. The business had revenue of $175 million for the quarter, compared to the consensus estimate of $232.06 million. Nextera Energy Partners LP had a net margin of 12.89% and a return on equity of 4.72%. During the same quarter last year, the business posted $0.14 EPS. View Nextera Energy Partners LP's Earnings History.

When will Nextera Energy Partners LP make its next earnings announcement?

Nextera Energy Partners LP is scheduled to release their next quarterly earnings announcement on Tuesday, July, 25th 2017. View Earnings Estimates for Nextera Energy Partners LP.

Where is Nextera Energy Partners LP's stock going? Where will Nextera Energy Partners LP's stock price be in 2017?

10 brokerages have issued twelve-month target prices for Nextera Energy Partners LP's stock. Their forecasts range from $33.00 to $40.00. On average, they anticipate Nextera Energy Partners LP's stock price to reach $35.38 in the next year. View Analyst Ratings for Nextera Energy Partners LP.

What are analysts saying about Nextera Energy Partners LP stock?

Here are some recent quotes from research analysts about Nextera Energy Partners LP stock:

  • 1. According to Zacks Investment Research, "NextEra Energy Partners, LP engages in owning, operating and acquiring contracted clean energy projects. It owns interests in wind and solar projects primarily in North America. The Company's initial Portfolio consists of Northern Colorado, Elk City, Moore, Sombra, Perrin Ranch, Conestogo, Tuscola Bay, Summerhaven, and Genesis. NextEra Energy Partners, LP is headquartered in Juno Beach, Florida. " (4/26/2017)
  • 2. Credit Suisse Group AG analysts commented, "We initiate coverage of NextEra Energy Partners (NEE Partners) with an Outperform rating and a $33 target price. We see compelling upside from best-in-class dividend growth visibility, improving acquisitions returns, and near-term capital structure flexibility. Leader of the Pack: We view NEE Partners as the premier vehicle in the YieldCo sector to finance the acquisition of long-term and heavily contracted cash flows. Investments primarily in renewable energy assets provide attractive dividend growth for shareholders. Growth visibility is driven by over $2 billion in EBITDA originated by its parent company NextEra Energy and available for dropdown to NEE Partners at increasingly attractive returns. A Plethora of Catalysts to Unlock Value: These include (1) 1Q17 dropdowns at attractive returns and requiring limited equity, (2) NET pipeline expansion update (February 2017), (3) PTC repowering opportunities for wind PPA projects and development of NextEra Energy’s wind and solar pipeline, and (4) growth opportunities in contracted energy storage assets. Risks: The following represent risks to our Outperform rating: (1) rising interest rates, (2) asset performance, (3) capital market needs and access, and (4) relative cost of capital disadvantage given IDR splits. Valuation: We project an above-consensus dividend CAGR of 16% through 2020 and believe NEP’s growth prospects at the end of our forecast period will be comparable with today. Our dividend yield based valuation methodology reflects that view." (11/17/2016)

Who are some of Nextera Energy Partners LP's key competitors?

Who owns Nextera Energy Partners LP stock?

Nextera Energy Partners LP's stock is owned by many different of institutional and retail investors. Top institutional investors include Neuberger Berman Group LLC (14.78%), BlackRock Inc. (5.47%), Massachusetts Financial Services Co. MA (5.12%), Jennison Associates LLC (4.35%), Bank of New York Mellon Corp (3.74%) and FMR LLC (3.06%). Company insiders that own Nextera Energy Partners LP stock include Armando Pimentel, Jr and Paul I Cutler. View Institutional Ownership Trends for Nextera Energy Partners LP.

Who sold Nextera Energy Partners LP stock? Who is selling Nextera Energy Partners LP stock?

Nextera Energy Partners LP's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, UBS Group AG, Ecofin Ltd., Evergreen Capital Management LLC, Weiss Multi Strategy Advisers LLC, Tiedemann Wealth Management LLC, Morgan Stanley and Westwood Holdings Group Inc.. View Insider Buying and Selling for Nextera Energy Partners LP.

Who bought Nextera Energy Partners LP stock? Who is buying Nextera Energy Partners LP stock?

Nextera Energy Partners LP's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Neuberger Berman Group LLC, Reaves W H & Co. Inc., Bank of New York Mellon Corp, Wexford Capital LP, Doyle Wealth Management, Kayne Anderson Capital Advisors LP and Beach Investment Counsel Inc. PA. Company insiders that have bought Nextera Energy Partners LP stock in the last two years include Armando Pimentel, Jr and Paul I Cutler. View Insider Buying and Selling for Nextera Energy Partners LP.

How do I buy Nextera Energy Partners LP stock?

Shares of Nextera Energy Partners LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Nextera Energy Partners LP stock cost?

One share of Nextera Energy Partners LP stock can currently be purchased for approximately $34.40.

Analyst Ratings

Consensus Ratings for Nextera Energy Partners LP (NYSE:NEP) (?)
Ratings Breakdown: 3 Hold Ratings, 7 Buy Ratings
Consensus Rating:Buy (Score: 2.70)
Consensus Price Target: $35.38 (2.83% upside)

Analysts' Ratings History for Nextera Energy Partners LP (NYSE:NEP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/23/2017Barclays PLCReiterated RatingOverweight$34.00 -> $39.00HighView Rating Details
4/11/2017Deutsche Bank AGBoost Price TargetBuy$33.00 -> $35.00LowView Rating Details
3/29/2017Goldman Sachs Group IncDowngradeBuy -> Neutral$34.00MediumView Rating Details
3/23/2017MacquarieDowngradeOutperform -> NeutralMediumView Rating Details
3/11/2017Credit Suisse Group AGSet Price TargetBuy$33.00 -> $40.00N/AView Rating Details
2/17/2017Raymond James Financial, Inc.Initiated CoverageOutperform$35.00N/AView Rating Details
1/31/2017Royal Bank of CanadaSet Price TargetHold$33.00N/AView Rating Details
11/21/2016GabelliUpgradeHold -> BuyN/AView Rating Details
11/1/2016Avondale PartnersUpgradeMarket Perform -> Outperform$33.00N/AView Rating Details
9/8/2016Oppenheimer Holdings Inc.Initiated CoverageOutperform$34.00N/AView Rating Details
2/23/2016JPMorgan Chase & Co.Boost Price TargetNeutral$25.00 -> $29.00N/AView Rating Details
1/29/2016BMO Capital MarketsLower Price TargetOutperform$34.00 -> $31.00N/AView Rating Details
11/17/2015ScotiabankReiterated RatingSector Perform$32.00N/AView Rating Details
11/17/2015Howard WeilInitiated CoverageSector Perform$32.00N/AView Rating Details
8/31/2015KeyCorpUpgradeSector Weight -> Overweight$38.00N/AView Rating Details
8/25/2015Robert W. BairdInitiated CoverageOutperform$43.00N/AView Rating Details
8/4/2015MizuhoLower Price TargetBuy$56.00 -> $47.00N/AView Rating Details
7/27/2015Wells Fargo & CoUpgradeMarket Perform -> OutperformN/AView Rating Details
7/6/2015Sanford C. BernsteinInitiated CoverageOutperformN/AView Rating Details
(Data available from 5/24/2015 forward)

Earnings

Earnings History for Nextera Energy Partners LP (NYSE:NEP)
Earnings by Quarter for Nextera Energy Partners LP (NYSE:NEP)
Earnings History by Quarter for Nextera Energy Partners LP (NYSE:NEP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/25/2017        
4/21/2017Q1 2017$0.40$0.22$232.06 million$175.00 millionViewN/AView Earnings Details
1/27/2017Q416$0.32$0.91$230.29 million$176.00 millionViewN/AView Earnings Details
10/31/2016Q316$0.33$0.62$195.67 million$188.00 millionViewListenView Earnings Details
7/27/2016Q116$0.33$0.19$195.70 million$171.00 millionViewListenView Earnings Details
4/28/2016Q415$0.33$0.14$181.70 million$165.00 millionViewListenView Earnings Details
10/28/2015Q315$0.26$0.05$131.43 million$103.00 millionViewListenView Earnings Details
8/3/2015Q215$0.26$0.16$114.37 million$107.00 millionViewN/AView Earnings Details
4/29/2015Q115$0.22$0.08$88.30 million$74.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Nextera Energy Partners LP (NYSE:NEP)
2017 EPS Consensus Estimate: $0.84
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.17$0.26$0.22
Q2 20172$0.16$0.22$0.19
Q3 20172$0.15$0.20$0.18
Q4 20172$0.25$0.26$0.26
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Nextera Energy Partners LP (NYSE:NEP)
Most Recent Dividend:5/15/2017
Annual Dividend:$1.41
Dividend Yield:4.10%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:75.81% (Trailing 12 Months of Earnings)
106.82% (Based on This Year's Estimates)
75.81% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Nextera Energy Partners LP (NYSE:NEP)

Dividend History by Quarter for Nextera Energy Partners LP (NYSE:NEP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/21/2017Quarterly$0.374.31%5/4/20175/8/20175/15/2017
1/27/2017quarterly$0.352/3/20172/7/20172/14/2017
11/1/2016quarterly$0.345.16%11/4/201611/8/201611/14/2016
7/27/2016quarterly$0.334.24%8/2/20168/4/20168/12/2016
4/28/2016quarterly$0.324.41%5/4/20165/6/20165/13/2016
1/28/2016quarterly$0.314%2/3/20162/5/20162/12/2016
10/28/2015quarterly$0.274.2%11/3/201511/5/201511/13/2015
8/3/2015quarterly$0.242.88%8/7/20158/11/20158/14/2015
4/29/2015quarterly$0.211.94%5/1/20155/5/20155/15/2015
1/27/2015quarterly$0.201.95%2/2/20152/4/20152/13/2015
10/30/2014quarterly$0.1911/3/201411/5/201411/14/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Nextera Energy Partners LP (NYSE:NEP)
Institutional Ownership Percentage: 83.78%
Insider Trades by Quarter for Nextera Energy Partners LP (NYSE:NEP)
Institutional Ownership by Quarter for Nextera Energy Partners LP (NYSE:NEP)
Insider Trades by Quarter for Nextera Energy Partners LP (NYSE:NEP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/11/2015Paul I CutlerTreasurerBuy12,000$26.00$312,000.00View SEC Filing  
8/28/2015Armando Pimentel, Jr.insiderBuy5,000$29.97$149,850.00View SEC Filing  
7/1/2014Armando Pimentel JrInsiderBuy10,000$25.00$250,000.00View SEC Filing  
7/1/2014Charles E SievingGeneral CounselBuy23,358$25.00$583,950.00View SEC Filing  
7/1/2014Chris N FroggattCAOBuy5,837$25.00$145,925.00View SEC Filing  
7/1/2014James L RoboCEOBuy143,576$28.68$4,117,759.68View SEC Filing  
7/1/2014Mark E HicksonVPBuy3,430$25.00$85,750.00View SEC Filing  
7/1/2014Moray P DewhurstCFOBuy25,000$25.00$625,000.00View SEC Filing  
7/1/2014Paul I CutlerTreasurerBuy24,525$25.00$613,125.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Nextera Energy Partners LP (NYSE:NEP)
Latest Headlines for Nextera Energy Partners LP (NYSE:NEP)
Source:
DateHeadline
finance.yahoo.com logoNextEra (NEE) Unit to Close SJRPP Coal Plant, Upgrade Fleet
finance.yahoo.com - May 23 at 6:18 PM
finance.yahoo.com logoFPL seeks OK to build clean energy center in Dania Beach, shutter coal plant in Jacksonville
finance.yahoo.com - May 23 at 6:17 PM
finance.yahoo.com logoHot Energy Stocks: Yieldcos Making a Quiet Recovery
finance.yahoo.com - May 23 at 6:17 PM
prnewswire.com logoFPL files plans to shutter third coal-fired power plant and continue modernizing its generation fleet, cutting ... - PR Newswire (press release)
www.prnewswire.com - May 23 at 10:16 AM
finance.yahoo.com logoTexas regulators still opposed to NextEra's $18 bln Oncor deal
finance.yahoo.com - May 19 at 11:32 AM
finance.yahoo.com logo[$$] Texas Regulators Not Likely to Revive Oncor Deal
finance.yahoo.com - May 19 at 11:32 AM
finance.yahoo.com logoStrong 2017 Prompts Vetr To Call Buy On NextEra Energy Partners
finance.yahoo.com - May 16 at 10:15 AM
finance.yahoo.com logoAnalyzing NextEra Energy’s Dividend Yield
finance.yahoo.com - May 12 at 7:26 PM
finance.yahoo.com logoComparing NextEra Energy’s Dividend Statistics with Its Peers
finance.yahoo.com - May 12 at 7:26 PM
finance.yahoo.com logo[$$] Energy Future Backs NextEra in Bid to Save Oncor Deal
finance.yahoo.com - May 12 at 7:26 PM
americanbankingnews.com logoNextera Energy Partners LP (NEP) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - May 12 at 10:36 AM
americanbankingnews.com logoNextera Energy Partners (NEP) Given Daily Coverage Optimism Rating of 0.23
www.americanbankingnews.com - May 12 at 12:57 AM
finance.yahoo.com logoDUK, SO, and NEE: Inside the Top Utilities’ Payout Ratios
finance.yahoo.com - May 12 at 12:18 AM
finance.yahoo.com logo[$$] Elliott Sues to Open Up Energy Future Bankruptcy
finance.yahoo.com - May 11 at 7:15 PM
finance.yahoo.com logoElliott sues Energy Future for chance to offer bankruptcy alternatives
finance.yahoo.com - May 11 at 7:15 PM
prnewswire.com logoNextEra Energy schedules live webcast of company's 2017 annual meeting of shareholders - PR Newswire (press release)
www.prnewswire.com - May 11 at 9:28 AM
finance.yahoo.com logoNextEra Energy schedules live webcast of company's 2017 annual meeting of shareholders
finance.yahoo.com - May 11 at 9:28 AM
finance.yahoo.com logoNextEra Energy Honored as One of America's Best Employers
finance.yahoo.com - May 9 at 6:25 PM
prnewswire.com logoEntergy, NextEra Energy Resources break ground on Arkansas' largest universal solar energy project - PR Newswire (press release)
www.prnewswire.com - May 9 at 11:34 AM
americanbankingnews.com logoNextera Energy Partners (NEP) Given Daily News Sentiment Rating of 0.26
www.americanbankingnews.com - May 8 at 11:45 PM
finance.yahoo.com logoNextEra Gives Texas 14 Reasons to Revisit Oncor Takeover
finance.yahoo.com - May 8 at 6:17 PM
finance.yahoo.com logo[$$] NextEra Energy Seeks New Hearing on Oncor Takeover
finance.yahoo.com - May 8 at 6:17 PM
americanbankingnews.com logoNextera Energy Partners (NEP) Receiving Favorable Press Coverage, Report Shows
www.americanbankingnews.com - May 5 at 10:35 PM
nasdaq.com logoNextEra Energy Partners, LP (NEP) Ex-Dividend Date Scheduled for May 04, 2017 - Nasdaq
www.nasdaq.com - May 5 at 7:03 PM
finance.yahoo.com logoNextEra Energy Partners LP : NEP-US: Dividend Analysis : May 08th, 2017 (record date) : By the numbers : May 4, 2017
finance.yahoo.com - May 4 at 6:50 PM
seekingalpha.com logoNextEra Energy Partners goes ex-dividend tomorrow
seekingalpha.com - May 3 at 5:49 PM
americanbankingnews.com logoNextera Energy Partners (NEP) Given Daily Media Sentiment Rating of 0.16
www.americanbankingnews.com - May 3 at 1:05 AM
finance.yahoo.com logoNextEra shares could return 20 percent over next 12 months -Barron's
finance.yahoo.com - April 30 at 7:58 PM
americanbankingnews.com logoNextera Energy Partners (NEP) Given News Sentiment Rating of 0.18
www.americanbankingnews.com - April 29 at 8:29 PM
americanbankingnews.com logoNextera Energy Partners LP (NEP) Expected to Announce Quarterly Sales of $238.04 Million
www.americanbankingnews.com - April 29 at 9:10 AM
finance.yahoo.com logo[$$] NextEra: Steady Growth and a Rising Dividend
finance.yahoo.com - April 29 at 12:48 AM
americanbankingnews.com logoNextera Energy Partners LP (NEP) Lowered to Sell at Vetr Inc.
www.americanbankingnews.com - April 28 at 8:04 PM
finance.yahoo.com logo[$$] NextEra May Face Elliott Management in Deal Talks on Oncor
finance.yahoo.com - April 28 at 7:48 PM
americanbankingnews.com logoNextera Energy Partners LP (NEP) Downgraded to "Sell" at Vetr Inc.
www.americanbankingnews.com - April 28 at 1:06 AM
americanbankingnews.com logo$0.40 Earnings Per Share Expected for Nextera Energy Partners LP (NEP) This Quarter
www.americanbankingnews.com - April 27 at 1:18 PM
americanbankingnews.com logoNextera Energy Partners (NEP) Given Coverage Optimism Score of 0.17
www.americanbankingnews.com - April 26 at 10:22 PM
finance.yahoo.com logoETFs with exposure to NextEra Energy Partners LP : April 26, 2017
finance.yahoo.com - April 26 at 6:28 PM
finance.yahoo.com logoNextEra Energy Partners LP :NEP-US: Earnings Analysis: Q1, 2017 By the Numbers : April 25, 2017
finance.yahoo.com - April 25 at 6:03 PM
finance.yahoo.com logoNextEra Beats on Q1 Earnings: ETFs in Focus
finance.yahoo.com - April 25 at 6:03 PM
finance.yahoo.com logoNextEra Energy Could Be an Attractive Investment Proposition
finance.yahoo.com - April 25 at 8:53 AM
finance.yahoo.com logoEdited Transcript of NEP earnings conference call or presentation 21-Apr-17 1:00pm GMT
finance.yahoo.com - April 24 at 1:50 PM
finance.yahoo.com logoWhat Drove NextEra Energy’s 1Q17 Earnings?
finance.yahoo.com - April 24 at 1:50 PM
finance.yahoo.com logoNextEra Energy Stock Looks Appealing despite Being Pricey
finance.yahoo.com - April 24 at 1:50 PM
americanbankingnews.com logoNextera Energy Partners LP (NEP) Announces Quarterly Earnings Results, Misses Expectations By $0.18 EPS
www.americanbankingnews.com - April 24 at 1:06 PM
americanbankingnews.com logoNextera Energy Partners LP (nep) Announces Dividend Increase - $0.37 Per Share
www.americanbankingnews.com - April 24 at 10:56 AM
americanbankingnews.com logoNextera Energy Partners (NEP) Getting Somewhat Favorable News Coverage, Study Shows
www.americanbankingnews.com - April 23 at 8:55 PM
americanbankingnews.com logoNextera Energy Partners' (NEP) "Overweight" Rating Reiterated at Barclays PLC
www.americanbankingnews.com - April 23 at 2:02 PM
finance.yahoo.com logoNextEra Energy Partners, LP first-quarter 2017 financial results available on partnership's website - Yahoo Finance
finance.yahoo.com - April 22 at 6:10 PM
finance.yahoo.com logoNextEra Energy (NEE) Beats Q1 Earnings, Revenue Estimates
finance.yahoo.com - April 21 at 6:38 PM
nasdaq.com logoNextEra Energy Partners LP Q1 Profit Rises 140%
www.nasdaq.com - April 21 at 9:38 AM

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Chart

Nextera Energy Partners LP (NEP) Chart for Wednesday, May, 24, 2017

This page was last updated on 5/24/2017 by MarketBeat.com Staff