NextEra Energy Partners, LP Company Profile (NYSE:NEP)

About NextEra Energy Partners, LP (NYSE:NEP)

NextEra Energy Partners, LP logoNextera Energy Partners, LP is a limited partnership formed to acquire, manage and own contracted clean energy projects. The Company, through its limited partnership interest in NextEra Energy Operating Partners, LP (NEP OpCo), owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets. The Company's primary business objective is to invest in contracted clean energy projects. As of December 31, 2016, the Company's project portfolio of clean, contracted renewable energy assets (initial portfolio) included approximately 989 megawatts (MW) of wind and solar energy generating facilities located in the United States and Canada. As of December 31, 2016, the Company's portfolio included Genesis, Northern Colorado, Tuscola Bay, Elk City, Perrin Ranch, Bluewater, Moore, Sombra, Shafter, Palo Duro, Stateline, Mammoth Plains, Jericho, Cedar Bluff Wind and Golden Hills Wind.

Industry, Sector and Symbol: Capitalization:
  • Market Cap: $2.24328 billion
  • Outstanding Shares: 54,250,000
Average Prices:
  • 50 Day Moving Avg: $40.35
  • 200 Day Moving Avg: $36.19
  • 52 Week Range: $23.90 - $43.68
P/E:
  • Trailing P/E Ratio: 22.77
  • Foreward P/E Ratio: 24.38
  • P/E Growth: 1.61
Sales & Book Value:
  • Annual Revenue: $736 million
  • Price / Sales: 3.05
  • Book Value: $32.04 per share
  • Price / Book: 1.29
Dividend:
  • Annual Dividend: $1.52
  • Dividend Yield: 3.7%
Profitability:
  • EBIDTA: $495 million
  • Net Margins: 13.77%
  • Return on Equity: 4.74%
  • Return on Assets: 1.40%
Debt:
  • Debt-to-Equity Ratio: 1.87%
  • Current Ratio: 1.78%
  • Quick Ratio: 1.78%
Misc:
  • Average Volume: 211,566 shs.
  • Beta: 1.26
  • Short Ratio: 3.07
 

Frequently Asked Questions for NextEra Energy Partners, LP (NYSE:NEP)

What is NextEra Energy Partners, LP's stock symbol?

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

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

NextEra Energy Partners, LP declared a quarterly dividend on Wednesday, July 26th. Stockholders of record on Monday, August 7th will be given a dividend of $0.38 per share on Monday, August 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Thursday, August 3rd. This is an increase from NextEra Energy Partners, LP's previous quarterly dividend of $0.37. View NextEra Energy Partners, LP's Dividend History.

How were NextEra Energy Partners, LP's earnings last quarter?

NextEra Energy Partners, LP (NYSE:NEP) issued its earnings results on Wednesday, July, 26th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.43 by $0.19. The firm had revenue of $204 million for the quarter, compared to the consensus estimate of $232.03 million. NextEra Energy Partners, LP had a net margin of 13.77% and a return on equity of 4.74%. View NextEra Energy Partners, LP's Earnings History.

When will NextEra Energy Partners, LP make its next earnings announcement?

NextEra Energy Partners, LP is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for NextEra Energy Partners, LP.

Where is NextEra Energy Partners, LP's stock going? Where will NextEra Energy Partners, LP's stock price be in 2017?

11 analysts have issued 1-year price objectives for NextEra Energy Partners, LP's stock. Their predictions range from $33.00 to $45.00. On average, they expect NextEra Energy Partners, LP's share price to reach $39.56 in the next twelve months. View Analyst Ratings for NextEra Energy Partners, LP.

Who are some of NextEra Energy Partners, LP's key competitors?

Who are NextEra Energy Partners, LP's key executives?

NextEra Energy Partners, LP's management team includes the folowing people:

  • James L. Robo, Chairman of the Board, Chief Executive Officer of General Partner
  • Armando Pimentel Jr., President, Director of General Partner
  • John W. Ketchum, Chief Financial Officer, Director of General Partner
  • Mark E. Hickson, Executive Vice President-Strategy and Corporate Development Director
  • Terrell Kirk Crews II, Chief Accounting Officer, Principal Accounting Officer, Controller of the General Partner
  • Charles E. Sieving, General Counsel, Director of General Partner
  • Paul I. Cutler, Treasurer, Assistant Secretary of General Partner
  • Susan Davenport Austin, Independent Director of the General Partner
  • Peter H. Kind, Independent Director of the General Partner
  • James Suciu, Independent Director of the General Partner

Who owns NextEra Energy Partners, LP stock?

NextEra Energy Partners, LP's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Neuberger Berman Group LLC (14.57%), BlackRock Inc. (6.01%), Jennison Associates LLC (4.48%), Bank of New York Mellon Corp (3.63%), FMR LLC (3.35%) and Reaves W H & Co. Inc. (2.58%). Company insiders that own NextEra Energy Partners, LP stock include Armando Pimentel Jr and Mark E Hickson. View Institutional Ownership Trends for NextEra Energy Partners, LP.

Who sold NextEra Energy Partners, LP stock? Who is selling NextEra Energy Partners, LP stock?

NextEra Energy Partners, LP's stock was sold by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Marshall Wace North America L.P., Bank of New York Mellon Corp, Ecofin Ltd., FIL Ltd, Tiverton Asset Management LLC, HighTower Advisors LLC and MAI Capital Management. View Insider Buying and Selling for NextEra Energy Partners, LP.

Who bought NextEra Energy Partners, LP stock? Who is buying NextEra Energy Partners, LP stock?

NextEra Energy Partners, LP's stock was acquired by a variety of institutional investors in the last quarter, including Beach Investment Management LLC., Duff & Phelps Investment Management Co., Janus Henderson Group PLC, BlackRock Inc., Eaton Vance Management, FMR LLC, Kayne Anderson Capital Advisors LP and Jennison Associates LLC. Company insiders that have bought NextEra Energy Partners, LP stock in the last two years include Armando Pimentel Jr and Mark E Hickson. View Insider Buying and Selling for NextEra Energy Partners, LP.

How do I buy NextEra Energy Partners, LP stock?

Shares of NextEra Energy Partners, LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is NextEra Energy Partners, LP's stock price today?

One share of NextEra Energy Partners, LP stock can currently be purchased for approximately $41.44.


MarketBeat Community Rating for NextEra Energy Partners, LP (NYSE NEP)
Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  174 (Vote Outperform)
Underperform Votes:  175 (Vote Underperform)
Total Votes:  349
MarketBeat's community ratings are surveys of what our community members think about NextEra Energy Partners, LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for NextEra Energy Partners, LP (NYSE:NEP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 8 Buy Ratings
Consensus Rating:Buy (Score: 2.73)
Consensus Price Target: $39.56 (4.55% downside)

Analysts' Ratings History for NextEra Energy Partners, LP (NYSE:NEP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/31/2017Barclays PLCReiterated RatingOverweight$39.00 -> $44.00HighView Rating Details
7/28/2017BMO Capital MarketsBoost Price TargetOutperform$35.00 -> $45.00LowView Rating Details
7/27/2017Deutsche Bank AGReiterated RatingBuy$39.00 -> $42.00MediumView Rating Details
7/7/2017Royal Bank Of CanadaReiterated RatingHold$34.00 -> $38.00LowView Rating Details
6/1/2017Williams CapitalInitiated CoverageBuy -> Buy$45.00LowView Rating Details
3/29/2017Goldman Sachs Group, Inc. (The)DowngradeBuy -> Neutral$34.00MediumView Rating Details
3/23/2017MacquarieDowngradeOutperform -> NeutralMediumView Rating Details
3/11/2017Credit Suisse GroupSet Price TargetBuy$33.00 -> $40.00N/AView Rating Details
2/17/2017Raymond James Financial, Inc.Initiated CoverageOutperform$35.00N/AView Rating Details
11/21/2016GabelliUpgradeHold -> BuyN/AView Rating Details
11/1/2016Avondale PartnersUpgradeMarket Perform -> Outperform$33.00N/AView Rating Details
9/8/2016Oppenheimer Holdings, Inc.Initiated CoverageOutperform$34.00N/AView Rating Details
2/23/2016J P Morgan Chase & CoBoost Price TargetNeutral$25.00 -> $29.00N/AView Rating Details
11/17/2015ScotiabankReiterated RatingSector Perform$32.00N/AView Rating Details
11/17/2015Howard WeilInitiated CoverageSector Perform$32.00N/AView Rating Details
(Data available from 9/21/2015 forward)

Earnings

Earnings History for NextEra Energy Partners, LP (NYSE:NEP)
Earnings by Quarter for NextEra Energy Partners, LP (NYSE:NEP)
Earnings History by Quarter for NextEra Energy Partners, LP (NYSE NEP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/30/2017$0.34N/AView Earnings Details
7/26/2017Q2 2017$0.43$0.24$232.03 million$204.00 millionViewN/AView Earnings Details
4/21/2017Q1 2017$0.40$0.22$232.06 million$175.00 millionViewN/AView Earnings Details
1/27/2017Q416$0.32$0.91$230.29 million$176.00 millionViewN/AView Earnings Details
10/31/2016Q316$0.33$0.62$195.67 million$188.00 millionViewListenView Earnings Details
7/27/2016Q116$0.33$0.19$195.70 million$171.00 millionViewListenView Earnings Details
4/28/2016Q415$0.33$0.14$181.70 million$165.00 millionViewListenView Earnings Details
10/28/2015Q315$0.26$0.05$131.43 million$103.00 millionViewListenView Earnings Details
8/3/2015Q215$0.26$0.16$114.37 million$107.00 millionViewN/AView Earnings Details
4/29/2015Q115$0.22$0.08$88.30 million$74.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for NextEra Energy Partners, LP (NYSE:NEP)
2017 EPS Consensus Estimate: $1.13
2018 EPS Consensus Estimate: $2.49
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.17$0.26$0.22
Q2 20173$0.16$0.38$0.25
Q3 20173$0.15$0.50$0.30
Q4 20173$0.25$0.55$0.35
Q1 20181$0.33$0.33$0.33
Q2 20181$0.49$0.49$0.49
Q3 20181$0.80$0.80$0.80
Q4 20181$0.87$0.87$0.87
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for NextEra Energy Partners, LP (NYSE:NEP)
Most Recent Dividend:8/14/2017
Annual Dividend:$1.52
Dividend Yield:3.67%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:76.38% (Trailing 12 Months of Earnings)
115.15% (Based on This Year's Estimates)
89.41% (Based on Next Year's Estimates)
Dividend Payments by Quarter for NextEra Energy Partners, LP (NYSE:NEP)

Dividend History by Quarter for NextEra Energy Partners, LP (NYSE NEP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/26/2017Quarterly$0.383.87%8/3/20178/7/20178/14/2017
4/21/2017Quarterly$0.374.31%5/4/20175/8/20175/15/2017
1/27/2017quarterly$0.352/3/20172/7/20172/14/2017
11/1/2016quarterly$0.345.16%11/4/201611/8/201611/14/2016
7/27/2016quarterly$0.334.24%8/2/20168/4/20168/12/2016
4/28/2016quarterly$0.324.41%5/4/20165/6/20165/13/2016
1/28/2016quarterly$0.314%2/3/20162/5/20162/12/2016
10/28/2015quarterly$0.274.2%11/3/201511/5/201511/13/2015
8/3/2015quarterly$0.242.88%8/7/20158/11/20158/14/2015
4/29/2015quarterly$0.211.94%5/1/20155/5/20155/15/2015
1/27/2015quarterly$0.201.95%2/2/20152/4/20152/13/2015
10/30/2014quarterly$0.1911/3/201411/5/201411/14/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for NextEra Energy Partners, LP (NYSE:NEP)
Insider Ownership Percentage: 0.46%
Institutional Ownership Percentage: 83.43%
Insider Trades by Quarter for NextEra Energy Partners, LP (NYSE:NEP)
Institutional Ownership by Quarter for NextEra Energy Partners, LP (NYSE:NEP)
Insider Trades by Quarter for NextEra Energy Partners, LP (NYSE:NEP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/14/2017Armando Pimentel JrInsiderBuy5,000$38.23$191,150.00View SEC Filing  
7/5/2017Mark E HicksonEVPBuy1,350$37.51$50,638.50View SEC Filing  
9/11/2015Paul I CutlerTreasurerBuy12,000$26.00$312,000.00View SEC Filing  
8/28/2015Armando Pimentel, Jr.insiderBuy5,000$29.97$149,850.00View SEC Filing  
7/1/2014Armando Pimentel JrInsiderBuy10,000$25.00$250,000.00View SEC Filing  
7/1/2014Charles E SievingGeneral CounselBuy23,358$25.00$583,950.00View SEC Filing  
7/1/2014Chris N FroggattCAOBuy5,837$25.00$145,925.00View SEC Filing  
7/1/2014James L RoboCEOBuy143,576$28.68$4,117,759.68View SEC Filing  
7/1/2014Mark E HicksonVPBuy3,430$25.00$85,750.00View SEC Filing  
7/1/2014Moray P DewhurstCFOBuy25,000$25.00$625,000.00View SEC Filing  
7/1/2014Paul I CutlerTreasurerBuy24,525$25.00$613,125.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for NextEra Energy Partners, LP (NYSE:NEP)
Latest Headlines for NextEra Energy Partners, LP (NYSE:NEP)
Source:
DateHeadline
finance.yahoo.com logoNextEra Energy Partners, LP announces the pricing of $550 million of 4.25 percent senior notes due 2024 and $550 million of 4.50 percent senior unsecured notes due 2027
finance.yahoo.com - September 20 at 6:51 AM
prnewswire.com logoNextEra Energy Partners, LP announces the offering of $1.1 billion in ...
www.prnewswire.com - September 19 at 2:40 AM
americanbankingnews.com logoNextEra Energy Partners, LP (NEP) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - September 16 at 1:02 PM
finance.yahoo.com logoIs NextEra Energy Inc’s (NEE) PE Ratio A Signal To Buy For Investors?
finance.yahoo.com - September 16 at 6:53 AM
finance.yahoo.com logoNextEra Energy Foundation donates $1 million to Florida Disaster Fund for Hurricane Irma relief and will match donations by employees of Florida Power & Light and other NextEra Energy companies
finance.yahoo.com - September 16 at 6:53 AM
nasdaq.com logoNextEra Energy Partners Issues Debt to Fund Asset Purchase - Nasdaq
www.nasdaq.com - September 13 at 6:59 AM
finance.yahoo.com logoNextEra Energy Partners, LP announces closing of the sale of $300 million in aggregate principal amount of 1.50 percent convertible senior notes due 2020
finance.yahoo.com - September 12 at 5:43 AM
americanbankingnews.com logoZacks: Analysts Expect NextEra Energy Partners, LP (NEP) Will Post Quarterly Sales of $236.80 Million
www.americanbankingnews.com - September 10 at 5:42 AM
finance.yahoo.com logoNextEra Energy Partners LP : NEP-US: Dividend Analysis : August 07th, 2017 (record date) : By the numbers : September 9, 2017
finance.yahoo.com - September 9 at 6:39 AM
streetinsider.com logoNextEra Energy Partners (NEP) Prices $300M in Aggregate Principal Amount of 1.50% Convertible Senior Notes due ... - StreetInsider.com
www.streetinsider.com - September 8 at 6:17 AM
streetinsider.com logoNextEra Energy Partners (NEP) Plans Offering of $300M in Aggregate Principal Amount of Convertible Senior Notes ... - StreetInsider.com
www.streetinsider.com - September 7 at 6:39 AM
americanbankingnews.com logoNextEra Energy Partners, LP (NEP) Given New $44.00 Price Target at Barclays PLC
www.americanbankingnews.com - August 31 at 5:02 PM
finance.yahoo.com logoSouthern Company Offers the Highest Yield among Its Peers
finance.yahoo.com - August 31 at 7:42 AM
finance.yahoo.com logoFree Cash Flows Show Southern Company’s Struggling Financials
finance.yahoo.com - August 30 at 7:10 AM
finance.yahoo.com logoIs Southern Company’s Leverage a Cause for Concern?
finance.yahoo.com - August 30 at 7:09 AM
finance.yahoo.com logoWhy Is NextEra Energy (NEE) Up 3.7% Since the Last Earnings Report?
finance.yahoo.com - August 29 at 5:16 AM
streetinsider.com logoForm 8-K NextEra Energy Partners, For: Aug 24
www.streetinsider.com - August 25 at 9:08 AM
finance.yahoo.com logoHow Dominion Energy’s Dividend Yield Compares with Peers
finance.yahoo.com - August 25 at 9:08 AM
americanbankingnews.com logoNextEra Energy Partners, LP (NEP) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - August 22 at 12:50 PM
americanbankingnews.com logo$236.80 Million in Sales Expected for NextEra Energy Partners, LP (NEP) This Quarter
www.americanbankingnews.com - August 22 at 3:22 AM
finance.yahoo.com logoWind Energy Tax Credits Not At Risk Despite All The Hot Air In D.C.
finance.yahoo.com - August 21 at 10:22 PM
finance.yahoo.com logoETFs with exposure to NextEra Energy Partners LP : August 11, 2017
finance.yahoo.com - August 12 at 6:13 AM
fool.com logo3 Dividend Stocks for Retirement - Motley Fool
www.fool.com - August 9 at 3:04 AM
streetinsider.com logoForm 8-A12B/A NextEra Energy Partners, - StreetInsider.com
www.streetinsider.com - August 8 at 4:15 AM
streetinsider.com logoForm 8-A12B/A NextEra Energy Partners,
www.streetinsider.com - August 7 at 11:11 PM
reuters.com logoBRIEF-Nextera Energy says starting with 2017 annual meeting 3 of NEP board members to be appointed by NEP GP
www.reuters.com - August 7 at 11:11 PM
americanbankingnews.com logoNextEra Energy Partners, LP (NYSE:NEP) Downgraded by ValuEngine to Hold
www.americanbankingnews.com - August 6 at 10:02 AM
americanbankingnews.com logo$236.80 Million in Sales Expected for Nextera Energy Partners LP (NEP) This Quarter
www.americanbankingnews.com - August 4 at 8:36 AM
nasdaq.com logoNextEra Energy Partners, LP (NEP) Ex-Dividend Date Scheduled for August 03, 2017 - Nasdaq
www.nasdaq.com - August 3 at 6:13 AM
americanbankingnews.com logoNextEra Energy Partners, LP (NYSE:NEP) Expected to Announce Earnings of $0.37 Per Share
www.americanbankingnews.com - August 2 at 2:50 PM
americanbankingnews.com logoFinancial Analysis: Brookfield Renewable Partners L.P. (BEP) & NextEra Energy Partners, (NYSE:NEP)
www.americanbankingnews.com - August 2 at 2:46 PM
americanbankingnews.com logoFY2018 EPS Estimates for NextEra Energy Partners, LP (NYSE:NEP) Decreased by Oppenheimer Holdings
www.americanbankingnews.com - July 31 at 9:44 AM
americanbankingnews.com logoNextEra Energy Partners, LP (NEP) Expected to Post FY2017 Earnings of $1.51 Per Share
www.americanbankingnews.com - July 31 at 8:15 AM
americanbankingnews.com logoNextEra Energy Partners, LP (NEP) Upgraded to B by TheStreet
www.americanbankingnews.com - July 30 at 8:33 PM
nasdaq.com logoNextEra Energy Partners LP Named Top Dividend Stock With Insider Buying and 3.85% Yield
www.nasdaq.com - July 29 at 5:15 AM
finance.yahoo.com logoNextEra Energy Partners LP :NEP-US: Earnings Analysis: Q2, 2017 By the Numbers : July 28, 2017
finance.yahoo.com - July 29 at 5:15 AM
americanbankingnews.com logoNextEra Energy Partners, LP (NEP) Price Target Increased to $45.00 by Analysts at BMO Capital Markets
www.americanbankingnews.com - July 28 at 9:09 PM
americanbankingnews.com logoNextEra Energy Partners, LP (NEP) Given Consensus Recommendation of "Buy" by Analysts
www.americanbankingnews.com - July 28 at 12:55 PM
americanbankingnews.com logoQ3 2017 EPS Estimates for NextEra Energy Partners, LP Lowered by Analyst (NYSE:NEP)
www.americanbankingnews.com - July 28 at 11:00 AM
americanbankingnews.com logoWilliams Capital Analysts Cut Earnings Estimates for NextEra Energy Partners, LP (NEP)
www.americanbankingnews.com - July 28 at 11:00 AM
americanbankingnews.com logoDeutsche Bank AG Reiterates "Buy" Rating for NextEra Energy Partners, LP (NYSE:NEP)
www.americanbankingnews.com - July 27 at 10:27 PM
americanbankingnews.com logoNextEra Energy Partners, LP (NEP) Issues Earnings Results
www.americanbankingnews.com - July 27 at 9:09 PM
americanbankingnews.com logoNextEra Energy Partners, LP (NYSE:NEP) Declares Quarterly Dividend of $0.38
www.americanbankingnews.com - July 27 at 11:16 AM
seekingalpha.com logoNextEra Energy Partners, LP 2017 Q2 - Results - Earnings Call Slides
seekingalpha.com - July 27 at 4:41 AM
finance.yahoo.com logoNextEra Energy second-quarter 2017 financial results available on company's website
finance.yahoo.com - July 27 at 4:41 AM
finance.yahoo.com logoNextEra Energy Partners, LP second-quarter 2017 financial results available on partnership's website
finance.yahoo.com - July 27 at 4:41 AM
finance.yahoo.com logoNextEra Energy (NEE) Beats Q2 Earnings, Revenue Estimates
finance.yahoo.com - July 27 at 4:41 AM
finance.yahoo.com logoNextEra Energy (NEE) Beats on Q2 Earnings, Keeps '17 View
finance.yahoo.com - July 27 at 4:41 AM
finance.yahoo.com logoDominion Energy Stock Looks Attractive despite Being Pricey
finance.yahoo.com - July 27 at 4:41 AM
finance.yahoo.com logoNextEra Energy Partners posts 2Q profit
finance.yahoo.com - July 27 at 4:41 AM

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Chart

NextEra Energy Partners, LP (NEP) Chart for Thursday, September, 21, 2017

This page was last updated on 9/21/2017 by MarketBeat.com Staff