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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
NYSE:NEP

NextEra Energy Partners (NEP) Stock Forecast, Price & News

$62.47
+1.07 (+1.74%)
(As of 06/2/2023 ET)
Compare
Today's Range
$61.41
$62.55
50-Day Range
$51.59
$63.81
52-Week Range
$51.58
$86.06
Volume
687,652 shs
Average Volume
1.01 million shs
Market Capitalization
$5.55 billion
P/E Ratio
16.57
Dividend Yield
5.39%
Price Target
$78.92

NextEra Energy Partners MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
26.3% Upside
$78.92 Price Target
Short Interest
Healthy
4.77% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.05mentions of NextEra Energy Partners in the last 14 days
Based on 9 Articles This Week
Insider Trading
Acquiring Shares
$99,558 Bought Last Quarter
Proj. Earnings Growth
23.88%
From $1.34 to $1.66 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.25 out of 5 stars

Oils/Energy Sector

6th out of 245 stocks

Electric Services Industry

1st out of 40 stocks


NEP stock logo

About NextEra Energy Partners (NYSE:NEP) Stock

NextEra Energy 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 and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.

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NEP Stock News Headlines

[BREAKING] Pentagon to Spend Billions on "Living Missile"
Air Force Magazine calls it "transformational." The Wall Street Journal calls it one of the Pentagon's "highest priorities." National Defense Magazine reports "Eye-popping budget" for it. This small company won the first contract to build them!
2 Great Large Cap Stocks to Buy On Sale in June
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
NextEra Energy Partners (NYSE:NEP) PT Lowered to $80.00
See More Headlines

NEP Price History

NEP Company Calendar

Last Earnings
4/25/2023
Ex-Dividend for 5/15 Dividend
5/04/2023
Dividend Payable
5/15/2023
Today
6/03/2023
Next Earnings (Estimated)
7/28/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Fax
N/A
Employees
N/A
Year Founded
2014

Price Target and Rating

Average Stock Price Forecast
$78.92
High Stock Price Forecast
$94.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+26.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Net Income
$477 million
Pretax Margin
58.81%

Debt

Sales & Book Value

Annual Sales
$1.23 billion
Cash Flow
$12.35 per share
Book Value
$162.83 per share

Miscellaneous

Free Float
88,813,000
Market Cap
$5.55 billion
Optionable
Optionable
Beta
0.89

Key Executives

  • John W. Ketchum
    Chairman & Chief Executive Officer
  • Rebecca Jones Kujawa
    President & Director
  • Terrell Kirk Crews
    Chief Financial Officer & Director
  • W. Scott Seeley
    Secretary, Head-Compliance & Vice President
  • Mark E. Hickson
    Director, EVP-Strategy & Corporate Development













NEP Stock - Frequently Asked Questions

Should I buy or sell NextEra Energy Partners stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy Partners in the last twelve months. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NEP shares.
View NEP analyst ratings
or view top-rated stocks.

What is NextEra Energy Partners' stock price forecast for 2023?

12 brokers have issued 1-year target prices for NextEra Energy Partners' shares. Their NEP share price forecasts range from $60.00 to $94.00. On average, they anticipate the company's stock price to reach $78.92 in the next year. This suggests a possible upside of 26.3% from the stock's current price.
View analysts price targets for NEP
or view top-rated stocks among Wall Street analysts.

How have NEP shares performed in 2023?

NextEra Energy Partners' stock was trading at $70.09 on January 1st, 2023. Since then, NEP stock has decreased by 10.9% and is now trading at $62.47.
View the best growth stocks for 2023 here
.

Are investors shorting NextEra Energy Partners?

NextEra Energy Partners saw a increase in short interest in May. As of May 15th, there was short interest totaling 4,240,000 shares, an increase of 26.6% from the April 30th total of 3,350,000 shares. Based on an average daily trading volume, of 1,150,000 shares, the days-to-cover ratio is presently 3.7 days.
View NextEra Energy Partners' Short Interest
.

When is NextEra Energy Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 28th 2023.
View our NEP earnings forecast
.

How were NextEra Energy Partners' earnings last quarter?

NextEra Energy Partners, LP (NYSE:NEP) announced its earnings results on Tuesday, April, 25th. The solar energy provider reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by $0.48. The solar energy provider had revenue of $301 million for the quarter, compared to the consensus estimate of $355.92 million. NextEra Energy Partners had a net margin of 25.91% and a trailing twelve-month return on equity of 2.38%. NextEra Energy Partners's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.72 EPS.

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

NextEra Energy Partners announced a quarterly dividend on Monday, April 24th. Stockholders of record on Friday, May 5th will be paid a dividend of $0.8425 per share on Monday, May 15th. This represents a $3.37 annualized dividend and a dividend yield of 5.39%. The ex-dividend date of this dividend is Thursday, May 4th. This is a boost from the stock's previous quarterly dividend of $0.81.
Read our dividend analysis for NEP
.

Is NextEra Energy Partners a good dividend stock?

NextEra Energy Partners (NYSE:NEP) pays an annual dividend of $3.37 per share and currently has a dividend yield of 5.62%. NEP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 89.39%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, NEP will have a dividend payout ratio of 210.62% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for NEP.

What other stocks do shareholders of NextEra Energy Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other NextEra Energy Partners investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Hawkins (HWKN), Athabasca Oil (ATH), Och-Ziff Capital Management Group (OZM), Precision Drilling (PD) and Transocean (RIG).

What is NextEra Energy Partners' stock symbol?

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

Who are NextEra Energy Partners' major shareholders?

NextEra Energy Partners' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.02%), FMR LLC (5.58%), Jennison Associates LLC (3.19%), Pictet Asset Management SA (2.13%), M&G Investment Management Ltd. (2.10%) and Tortoise Capital Advisors L.L.C. (2.08%).
View institutional ownership trends
.

How do I buy shares of NextEra Energy Partners?

Shares of NEP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is NextEra Energy Partners' stock price today?

One share of NEP stock can currently be purchased for approximately $62.47.

How much money does NextEra Energy Partners make?

NextEra Energy Partners (NYSE:NEP) has a market capitalization of $5.55 billion and generates $1.23 billion in revenue each year. The solar energy provider earns $477 million in net income (profit) each year or $3.77 on an earnings per share basis.

How can I contact NextEra Energy Partners?

NextEra Energy Partners' mailing address is 700 UNIVERSE BOULEVARD, JUNO BEACH FL, 33408. The official website for the company is www.nexteraenergy.com. The solar energy provider can be reached via phone at (561) 694-4000 or via email at investors@nexteraenergypartners.com.

This page (NYSE:NEP) was last updated on 6/4/2023 by MarketBeat.com Staff

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