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NYSE:NEP

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

$26.71
-0.39 (-1.44%)
(As of 09:46 AM ET)
Today's Range
$26.55
$27.00
50-Day Range
$26.09
$31.48
52-Week Range
$20.17
$67.81
Volume
187,162 shs
Average Volume
1.45 million shs
Market Capitalization
$2.50 billion
P/E Ratio
12.54
Dividend Yield
13.18%
Price Target
$47.31

NextEra Energy Partners MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
74.6% Upside
$47.31 Price Target
Short Interest
Healthy
3.31% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.36mentions of NextEra Energy Partners in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.64%
From $0.61 to $0.60 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.

4.44 out of 5 stars

Oils/Energy Sector

30th out of 239 stocks

Electric Services Industry

9th out of 39 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, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida.

NEP Stock Price History

NEP Stock News Headlines

Call a Cop! This Elite 11.8% Dividend is a Steal
7 Overlooked Renewable Energy Stocks to Watch Now
Blue Chips And Billionaires Quietly Investing In "The New Oil"
They're as essential to the tech and AI revolutions as oil was to the industrial revolution. Known as rare earth elements or REEs, these relatively unheard of commodities are essential to semiconductor chips, renewable energy, electric vehicles, and more.
NextEra Energy: Dividend Insights
Blue Chips And Billionaires Quietly Investing In "The New Oil"
They're as essential to the tech and AI revolutions as oil was to the industrial revolution. Known as rare earth elements or REEs, these relatively unheard of commodities are essential to semiconductor chips, renewable energy, electric vehicles, and more.
EONGY or NEE: Which Is the Better Value Stock Right Now?
12 Best Quality Dividend Stocks To Invest In
Q4 2023 Nextera Energy Partners LP Earnings Call
See More Headlines
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Company Calendar

Last Earnings
1/25/2024
Ex-Dividend for 2/14 Dividend
2/05/2024
Dividend Payable
2/14/2024
Today
2/25/2024
Next Earnings (Estimated)
4/23/2024
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
$47.31
High Stock Price Target
$81.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+74.6%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
13 Analysts

Profitability

Net Income
$200 million
Pretax Margin
-23.84%

Debt

Sales & Book Value

Annual Sales
$1.08 billion
Cash Flow
$4.12 per share
Book Value
$150.45 per share

Miscellaneous

Free Float
93,339,000
Market Cap
$2.53 billion
Optionable
Optionable
Beta
1.03
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Key Executives

  • Mr. John W. Ketchum (Age 53)
    Chairman & CEO
  • Ms. Rebecca J. Kujawa (Age 48)
    President & Director
  • Mr. Terrell Kirk Crews II (Age 46)
    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?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy Partners in the last year. There are currently 8 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?

13 brokerages have issued 1 year price targets for NextEra Energy Partners' stock. Their NEP share price targets range from $20.00 to $81.00. On average, they anticipate the company's stock price to reach $47.31 in the next twelve months. This suggests a possible upside of 74.6% 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 decreased by 10.9% and is now trading at $27.10.
View the best growth stocks for 2024 here
.

Are investors shorting NextEra Energy Partners?

NextEra Energy Partners saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 3,090,000 shares, an increase of 10.0% from the January 15th total of 2,810,000 shares. Based on an average trading volume of 1,710,000 shares, the days-to-cover ratio is currently 1.8 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 Tuesday, April 23rd 2024.
View our NEP earnings forecast
.

How were NextEra Energy Partners' earnings last quarter?

NextEra Energy Partners, LP (NYSE:NEP) announced its earnings results on Thursday, January, 25th. The solar energy provider reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of $0.03 by $0.38. The solar energy provider had revenue of $232 million for the quarter, compared to analyst estimates of $360.03 million. NextEra Energy Partners had a net margin of 16.00% and a negative trailing twelve-month return on equity of 1.06%.

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 Wednesday, January 24th. Stockholders of record on Tuesday, February 6th will be given a dividend of $0.88 per share on Wednesday, February 14th. This represents a $3.52 annualized dividend and a yield of 12.99%. The ex-dividend date of this dividend is Monday, February 5th. This is a positive change from the stock's previous quarterly dividend of $0.87.
Read our dividend analysis for NEP
.

Is NextEra Energy Partners a good dividend stock?

NextEra Energy Partners (NYSE:NEP) pays an annual dividend of $3.52 per share and currently has a dividend yield of 12.99%. 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 165.26%. 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 586.67% 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 retail and institutional investors. Top institutional shareholders include ClearBridge Investments Ltd (4.19%), M&G Investment Management Ltd. (3.26%), 1832 Asset Management L.P. (2.79%), Kayne Anderson Capital Advisors LP (1.78%), Beach Investment Counsel Inc. PA (1.35%) and Cbre Investment Management Listed Real Assets LLC (1.16%).
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 2/26/2024 by MarketBeat.com Staff