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S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
2 energy drink makers to wake up your portfolio
Snowflake’s bullish tailwind is turning into a gale-force wind
New CBOE “special perk” helps traders target income every weekend (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
2 energy drink makers to wake up your portfolio
Snowflake’s bullish tailwind is turning into a gale-force wind
New CBOE “special perk” helps traders target income every weekend (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
2 energy drink makers to wake up your portfolio
Snowflake’s bullish tailwind is turning into a gale-force wind
New CBOE “special perk” helps traders target income every weekend (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?

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

$24.23
-1.18 (-4.64%)
(As of 12/4/2023 ET)
Compare
Today's Range
$24.13
$25.57
50-Day Range
$20.58
$46.90
52-Week Range
$20.17
$79.56
Volume
2.26 million shs
Average Volume
1.47 million shs
Market Capitalization
$2.26 billion
P/E Ratio
18.22
Dividend Yield
14.32%
Price Target
$50.20

NextEra Energy Partners MarketRank™ Stock Analysis

Analyst Rating
Hold
2.46 Rating Score
Upside/​Downside
107.2% Upside
$50.20 Price Target
Short Interest
Healthy
2.79% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.31mentions of NextEra Energy Partners in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-4.96%
From $1.21 to $1.15 Per Share

Overall MarketRank

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

2.81 out of 5 stars

Oils/Energy Sector

37th out of 225 stocks

Electric Services Industry

4th out of 40 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

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Should You Invest in NextEra Energy (NEE)?
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20 Most Climatically Diverse Countries in the World
Ignore Crypto: These Stocks Could Make You Rich
NextEra Energy Inc's Dividend Analysis
20 States That Produce Most Wind Energy
NextEra Energy (NEE) Q3 2023 Earnings Call Transcript
See More Headlines
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Company Calendar

Last Earnings
10/24/2023
Ex-Dividend for 11/14 Dividend
11/03/2023
Dividend Payable
11/14/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/24/2024

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
$50.20
High Stock Price Target
$81.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+107.2%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
13 Analysts

Profitability

Net Income
$477 million
Pretax Margin
7.55%

Debt

Sales & Book Value

Annual Sales
$1.21 billion
Cash Flow
$11.59 per share
Book Value
$169.54 per share

Miscellaneous

Free Float
93,340,000
Market Cap
$2.26 billion
Optionable
Optionable
Beta
0.91
12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. John W. Ketchum (Age 52)
    Chairman & CEO
  • Ms. Rebecca J. Kujawa (Age 47)
    President & 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)
    General Counsel
  • Mr. Mark E. Hickson (Age 55)
    Executive VP of Strategy & Corporate Development and Director
  • Mr. William Scott Seeley
    Corporate Secretary
  • Mr. Michael H. Dunne (Age 47)
    Treasurer & Assistant Secretary














NEP Stock Analysis - Frequently Asked Questions

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

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy Partners in the last year. There are currently 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research 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 Wall Street analysts have issued 12-month price objectives for NextEra Energy Partners' shares. Their NEP share price targets range from $20.00 to $81.00. On average, they predict the company's stock price to reach $50.20 in the next twelve months. This suggests a possible upside of 107.2% 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 beginning of the year. Since then, NEP stock has decreased by 65.4% and is now trading at $24.23.
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 Wednesday, January 24th 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 Tuesday, October, 24th. The solar energy provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.09. The solar energy provider had revenue of $367 million for the quarter, compared to analyst estimates of $414.16 million. NextEra Energy Partners had a trailing twelve-month return on equity of 0.85% and a net margin of 9.58%. The firm's revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 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 Tuesday, October 24th. Stockholders of record on Monday, November 6th will be given a dividend of $0.8675 per share on Tuesday, November 14th. This represents a $3.47 annualized dividend and a dividend yield of 14.32%. The ex-dividend date of this dividend is Friday, November 3rd. This is a positive change from the stock's previous quarterly dividend of $0.85.
Read our dividend analysis for NEP
.

Is NextEra Energy Partners a good dividend stock?

NextEra Energy Partners (NYSE:NEP) pays an annual dividend of $3.47 per share and currently has a dividend yield of 13.66%. 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 260.90%. 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 301.74% 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).

Who are NextEra Energy Partners' major shareholders?

NextEra Energy Partners' stock is owned by a number of retail and institutional investors. Top institutional investors include FMR LLC (5.21%), ClearBridge Investments Ltd (3.84%), Electron Capital Partners LLC (1.60%), Morgan Stanley (1.56%), Kayne Anderson Capital Advisors LP (1.50%) and Jennison Associates LLC (1.39%).
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.

This page (NYSE:NEP) was last updated on 12/5/2023 by MarketBeat.com Staff

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