NYSE:NEP NextEra Energy Partners (NEP) Stock Forecast, Price & News $25.74 -3.96 (-13.33%) (As of 01:03 PM ET) Add Compare Share Share Today's Range$24.25▼$29.3750-Day Range$29.70▼$58.9952-Week Range$24.25▼$81.32Volume8.43 million shsAverage Volume1.10 million shsMarket Capitalization$2.40 billionP/E Ratio15.23Dividend Yield13.29%Price Target$63.69 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media NextEra Energy Partners MarketRank™ ForecastAnalyst RatingModerate Buy2.64 Rating ScoreUpside/Downside131.6% Upside$60.08 Price TargetShort InterestHealthy3.06% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.56Based on 35 Articles This WeekInsider TradingN/AProj. Earnings Growth27.56%From $1.27 to $1.62 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.31 out of 5 starsOils/Energy Sector1st out of 251 stocksElectric Services Industry2nd out of 40 stocks 4.3 Analyst's Opinion Consensus RatingNextEra Energy Partners has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 8 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $60.08, NextEra Energy Partners has a forecasted upside of 131.6% from its current price of $25.94.Amount of Analyst CoverageNextEra Energy Partners has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.06% of the outstanding shares of NextEra Energy Partners have been sold short.Short Interest Ratio / Days to CoverNextEra Energy Partners has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in NextEra Energy Partners has recently decreased by 4.67%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend LeadershipNextEra Energy Partners is a leading dividend payer. It pays a dividend yield of 11.50%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthNextEra Energy Partners has been increasing its dividend for 9 years.Dividend CoverageThe dividend payout ratio of NextEra Energy Partners is 202.37%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, NextEra Energy Partners will have a dividend payout ratio of 211.11% in the coming year. This indicates that NextEra Energy Partners may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NEP. Previous Next 2.5 News and Social Media Coverage News SentimentNextEra Energy Partners has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 35 news articles for NextEra Energy Partners this week, compared to 5 articles on an average week.Search Interest53 people have searched for NEP on MarketBeat in the last 30 days. This is an increase of 13% compared to the previous 30 days.MarketBeat FollowsOnly 23 people have added NextEra Energy Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -21% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, NextEra Energy Partners insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.10% of the stock of NextEra Energy Partners is held by insiders.Percentage Held by Institutions80.99% of the stock of NextEra Energy Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for NextEra Energy Partners are expected to grow by 27.56% in the coming year, from $1.27 to $1.62 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of NextEra Energy Partners is 15.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.60.Price to Earnings Ratio vs. SectorThe P/E ratio of NextEra Energy Partners is 15.35, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.19.Price to Earnings Growth RatioNextEra Energy Partners has a PEG Ratio of 1.89. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioNextEra Energy Partners has a P/B Ratio of 0.15. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About NextEra Energy Partners (NYSE:NEP) StockNextEra 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, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida.Read More NEP Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NEP Stock News HeadlinesSeptember 28, 2023 | marketbeat.comA Utility Resurgence? 6 Stocks Yielding up to 8.9%October 2, 2023 | baystreet.caWhy NextEra Energy Partners Plunged from $48 to $30October 2, 2023 | Behind the Markets (Ad)U.S. Loses to China in Shocking WAR GAMES=== BREAKING === U.S. Loses to China in Shocking WAR GAMES Pentagon says new "living missile" key to winning a future conflict. Investors stand to reap 35,960% on shares of the small defense contractor that makes powerful new weapon. Get the name of the stock here >>>October 2, 2023 | markets.businessinsider.comHold Rating on Nextera Energy Partners: Uncertain Future and Refinancing RisksOctober 1, 2023 | seekingalpha.comNextEra Energy Partners Makes For A Great Prospect Following Its PlungeSeptember 30, 2023 | 247wallst.comJP Morgan Downgrades NextEra Energy PartnersSeptember 30, 2023 | americanbankingnews.comNextEra Energy Partners Sees Unusually High Options Volume (NYSE:NEP)September 30, 2023 | americanbankingnews.comNextEra Energy Partners (NYSE:NEP) Given New $47.00 Price Target at BMO Capital MarketsOctober 2, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!September 30, 2023 | americanbankingnews.comNextEra Energy Partners (NYSE:NEP) Downgraded to Neutral at JPMorgan Chase & Co.September 30, 2023 | americanbankingnews.comNextEra Energy Partners (NYSE:NEP) PT Lowered to $58.00 at ScotiabankSeptember 30, 2023 | americanbankingnews.comNextEra Energy Partners (NYSE:NEP) Price Target Cut to $40.00September 29, 2023 | msn.comMizuho Maintains NextEra Energy Partners LP - Unit (NEP) Buy RecommendationSeptember 29, 2023 | americanbankingnews.comNextEra Energy Partners (NYSE:NEP) Downgraded by OppenheimerSeptember 28, 2023 | finance.yahoo.comNextEra Energy Partners (NEP) Cuts Distribution Rate, Units DropSeptember 28, 2023 | msn.comNextEra Energy receives 2 downgrades after revising estimates: 4 big analyst cutsSeptember 28, 2023 | americanbankingnews.comTraders Buy Large Volume of Put Options on NextEra Energy Partners (NYSE:NEP)September 27, 2023 | marketwatch.comNextEra Energy Partners Shares Shed 16% on Growth Outlook CutSeptember 27, 2023 | marketwatch.comNextEra Energy Partners Cuts Distribution Growth Outlook, Citing Interest RatesSeptember 27, 2023 | msn.comWhy NextEra Energy Partners Stock Is Diving Today?September 27, 2023 | msn.comNextEra Energy Partners cuts long-term growth outlook roughly in halfSeptember 27, 2023 | seekingalpha.comNextEra Energy Partners: Resetting Growth Expectations (Rating Downgrade)September 27, 2023 | markets.businessinsider.comNextEra Energy Slashes Growth OutlookSeptember 26, 2023 | americanbankingnews.comAnalysts Set NextEra Energy Partners, LP (NYSE:NEP) Price Target at $71.20September 26, 2023 | americanbankingnews.comNextEra Energy Partners, LP (NYSE:NEP) Given Average Rating of "Moderate Buy" by AnalystsSeptember 25, 2023 | msn.comNextEra: Shares Fall To GARP Status, Technical Risks Remain In PlaySeptember 22, 2023 | americanbankingnews.comNextEra Energy Partners (NYSE:NEP) PT Lowered to $65.00See More Headlines Receive NEP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for NextEra Energy Partners and its competitors with MarketBeat's FREE daily newsletter. Email Address NEP Company Calendar Last Earnings7/25/2023Ex-Dividend for 8/14 Dividend8/03/2023Dividend Payable8/14/2023Today10/02/2023Next Earnings (Estimated)10/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:NEP CUSIPN/A CIK1603145 Webwww.nexteraenergy.com Phone(561) 694-4000FaxN/AEmployeesN/AYear Founded2014Price Target and Rating Average Stock Price Forecast$63.69 High Stock Price Forecast$81.00 Low Stock Price Forecast$40.00 Forecasted Upside/Downside+114.5%Consensus RatingModerate Buy Rating Score (0-4)2.64 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)$1.69 Trailing P/E Ratio17.57 Forward P/E Ratio23.39 P/E Growth1.89Net Income$477 million Net Margins12.22% Pretax Margin17.31% Return on Equity1.06% Return on Assets0.68% Debt Debt-to-Equity Ratio0.41 Current Ratio1.22 Quick Ratio1.16 Sales & Book Value Annual Sales$1.21 billion Price / Sales2.29 Cash Flow$12.12 per share Price / Cash Flow2.45 Book Value$169.54 per share Price / Book0.18Miscellaneous Outstanding Shares93,430,000Free Float93,340,000Market Cap$2.77 billion OptionableOptionable Beta0.86 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. John W. Ketchum (Age 52)Chairman & CEO Ms. Rebecca J. Kujawa (Age 47)Pres & Director Mr. Terrell Kirk Crews II (Age 45)CFO & Director Mr. James Michael May (Age 46)Controller & Chief Accounting Officer Mr. Charles E. Sieving (Age 50)Gen. Counsel Mr. Mark E. Hickson (Age 55)Exec. VP of Strategy & Corp. Devel. and Director Mr. William Scott SeeleyCorp. Sec.Mr. Michael H. Dunne (Age 47)Treasurer & Assistant Sec. More ExecutivesKey CompetitorsOrmat TechnologiesNYSE:ORAClearway EnergyNYSE:CWENBrookfield RenewableNYSE:BEPCAtlantica Sustainable InfrastructureNASDAQ:AYReNew Energy GlobalNASDAQ:RNWView All CompetitorsInsiders & InstitutionsFarther Finance Advisors LLCBought 364 shares on 9/12/2023Ownership: 0.001%Wolverine Trading LLCBought 100 shares on 8/23/2023Ownership: 0.000%Virginia Retirement Systems ET ALBought 3,500 shares on 8/22/2023Ownership: 0.004%Osaic Holdings Inc.Bought 10,396 shares on 8/21/2023Ownership: 0.050%VisionPoint Advisory Group LLCBought 20,544 shares on 8/21/2023Ownership: 0.030%View All Insider TransactionsView All Institutional Transactions NEP Stock - Frequently Asked Questions Should I buy or sell NextEra Energy Partners stock right now? 14 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" NEP shares. View NEP analyst ratings or view top-rated stocks. What is NextEra Energy Partners' stock price forecast for 2023? 14 analysts have issued 1 year price objectives for NextEra Energy Partners' stock. Their NEP share price forecasts range from $40.00 to $81.00. On average, they expect the company's share price to reach $63.69 in the next year. 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. How have NEP shares performed in 2023? NextEra Energy Partners' stock was trading at $70.09 at the start of the year. Since then, NEP shares have decreased by 57.6% and is now trading at $29.70. View the best growth stocks for 2023 here. When is NextEra Energy Partners' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023. View our NEP earnings forecast. How were NextEra Energy Partners' earnings last quarter? NextEra Energy Partners, LP (NYSE:NEP) announced its quarterly earnings results on Tuesday, July, 25th. The solar energy provider reported $0.53 earnings per share 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 the consensus estimate 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 period in the previous year, the business posted $2.61 earnings per share. 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, July 24th. Stockholders of record on Friday, August 4th will be paid 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. What ETFs hold NextEra Energy Partners' stock? 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). Is NextEra Energy Partners a good dividend stock? 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. 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." 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 $29.70. How much money does NextEra Energy Partners make? 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. 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 10/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding NextEra Energy Partners, LP Please log in to your account or sign up in order to add this asset to your watchlist. 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