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

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy Partners in the last twelve months. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NEP shares.
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14 analysts have issued 1-year target prices for NextEra Energy Partners' stock. Their NEP share price forecasts range from $40.00 to $81.00. On average, they predict the company's stock price to reach $63.69 in the next twelve months. This suggests a possible upside of 114.5% from the stock's current price.
View analysts price targets for NEP or view top-rated stocks among Wall Street analysts.

NextEra Energy Partners' stock was trading at $70.09 on January 1st, 2023. Since then, NEP stock has decreased by 57.6% and is now trading at $29.70.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our NEP earnings forecast.

NextEra Energy Partners, LP (NYSE:NEP) posted its earnings results on Tuesday, July, 25th. The solar energy provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.72 by $0.19. The solar energy provider had revenue of $350 million for the quarter, compared to analyst estimates of $392.92 million. NextEra Energy Partners had a trailing twelve-month return on equity of 1.06% and a net margin of 12.22%. During the same quarter in the prior year, the company earned $2.61 earnings per share.

NextEra Energy Partners announced a quarterly dividend on Monday, July 24th. Investors of record on Friday, August 4th will be given a dividend of $0.854 per share on Monday, August 14th. This represents a $3.42 annualized dividend and a dividend yield of 11.50%. The ex-dividend date of this dividend is Thursday, August 3rd. This is an increase from the stock's previous quarterly dividend of $0.84.
Read our dividend analysis for NEP.

ETFs with the largest weight of NextEra Energy Partners (NYSE:NEP) stock in their portfolio include ALPS Clean Energy ETF (ACES), First Trust EIP Carbon Impact ETF (ECLN), Gabelli Love Our Planet & People ETF (LOPP), Global X Renewable Energy Producers ETF (RNRG), ClearBridge Sustainable Infrastructure ETF (INFR), First Trust North American Energy Infrastructure Fund (EMLP), BNY Mellon Global Infrastructure Income ETF (BKGI) and Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT).

NextEra Energy Partners (NYSE:NEP) pays an annual dividend of $3.42 per share and currently has a dividend yield of 11.50%. 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 202.37%. 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 211.11% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for NEP.

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).

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

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.
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One share of NEP stock can currently be purchased for approximately $29.70.

NextEra Energy Partners (NYSE:NEP) has a market capitalization of $2.77 billion and generates $1.21 billion in revenue each year. The solar energy provider earns $477 million in net income (profit) each year or $1.69 on an earnings per share basis.

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.