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NYSE:NEP

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

$31.86
-2.69 (-7.79%)
(As of 03:15 PM ET)
Today's Range
$31.62
$33.99
50-Day Range
$26.99
$34.60
52-Week Range
$20.17
$63.89
Volume
3.01 million shs
Average Volume
1.44 million shs
Market Capitalization
$2.98 billion
P/E Ratio
10.45
Dividend Yield
11.21%
Price Target
$39.36

NextEra Energy Partners MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
22.3% Upside
$39.29 Price Target
Short Interest
Bearish
6.03% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.03mentions of NextEra Energy Partners in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-48.04%
From $1.79 to $0.93 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.56 out of 5 stars

Utilities Sector

59th out of 89 stocks

Utilities - Renewable Industry

1st out of 1 stocks

NEP stock logo

About NextEra Energy Partners Stock (NYSE:NEP)

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.

NEP Stock Price History

NEP Stock News Headlines

NextEra Energy Partners Appoints Bolster As CFO
NextEra Energy Partners Shines in Q1
Oppenheimer Keeps Their Hold Rating on Nextera Energy Partners (NEP)
Prosperity Bancshares: Q1 Earnings Snapshot
See More Headlines
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Company Calendar

Last Earnings
4/22/2024
Ex-Dividend for 5/15 Dividend
5/06/2024
Dividend Payable
5/15/2024
Today
5/23/2024
Next Earnings (Estimated)
7/23/2024
Fiscal Year End
12/31/2024

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 Target
$39.29
High Stock Price Target
$81.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+20.1%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
15 Analysts

Profitability

Net Income
$200 million
Pretax Margin
-1.41%

Debt

Sales & Book Value

Annual Sales
$1.08 billion
Cash Flow
$3.99 per share
Book Value
$149.43 per share

Miscellaneous

Free Float
93,408,000
Market Cap
$3.06 billion
Optionable
Optionable
Beta
1.01
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Key Executives

  • Mr. John W. Ketchum (Age 53)
    Chairman & CEO
  • Ms. Rebecca J. Kujawa (Age 48)
    President & Director
  • Mr. Brian W. Bolster
    CFO & Director
  • Mr. James Michael May (Age 47)
    Controller & Chief Accounting Officer
  • Mr. Charles E. Sieving (Age 51)
    General Counsel
  • Mr. Mark E. Hickson (Age 56)
    Executive VP of Strategy & Corporate Development and Director
  • Mr. William Scott Seeley
    Corporate Secretary
  • Mr. Michael H. Dunne (Age 48)
    Treasurer & Assistant Secretary

NEP Stock Analysis - Frequently Asked Questions

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

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy Partners in the last year. There are currently 1 sell rating, 9 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NEP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NEP, but not buy additional shares or sell existing shares.
View NEP analyst ratings
or view top-rated stocks.

What is NextEra Energy Partners' stock price target for 2024?

15 Wall Street research analysts have issued 12-month target prices for NextEra Energy Partners' stock. Their NEP share price targets range from $20.00 to $81.00. On average, they predict the company's share price to reach $39.29 in the next twelve months. This suggests a possible upside of 22.3% 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 2024?

NextEra Energy Partners' stock was trading at $30.41 at the beginning of 2024. Since then, NEP stock has increased by 5.7% and is now trading at $32.13.
View the best growth stocks for 2024 here
.

When is NextEra Energy Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our NEP earnings forecast
.

How were NextEra Energy Partners' earnings last quarter?

NextEra Energy Partners, LP (NYSE:NEP) issued its quarterly earnings data on Monday, April, 22nd. The solar energy provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.12 by $0.63. The solar energy provider had revenue of $257 million for the quarter, compared to analyst estimates of $331.78 million. NextEra Energy Partners had a negative trailing twelve-month return on equity of 0.48% and a net margin of 23.55%. The business's revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.17) EPS.

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

NextEra Energy Partners declared a quarterly dividend on Tuesday, April 23rd. Investors of record on Tuesday, May 7th will be paid a dividend of $0.8925 per share on Wednesday, May 15th. This represents a $3.57 annualized dividend and a yield of 11.11%. The ex-dividend date of this dividend is Monday, May 6th. This is an increase from the stock's previous quarterly dividend of $0.88.
Read our dividend analysis for NEP
.

Is NextEra Energy Partners a good dividend stock?

NextEra Energy Partners (NYSE:NEP) pays an annual dividend of $3.57 per share and currently has a dividend yield of 10.53%. 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 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 117.05%. 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 383.87% 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?
Who are NextEra Energy Partners' major shareholders?

NextEra Energy Partners' stock is owned by a number of institutional and retail investors. Top institutional shareholders include ClearBridge Investments Ltd (4.45%), M&G Plc (2.96%), 1832 Asset Management L.P. (2.04%), Energy Income Partners LLC (1.76%), Redwood Grove Capital LLC (0.83%) and Raymond James & Associates (0.81%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NEP) was last updated on 5/23/2024 by MarketBeat.com Staff

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