NYSE:NEP NextEra Energy Partners (NEP) Stock Forecast, Price & News $62.47 +1.07 (+1.74%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$61.41▼$62.5550-Day Range$51.59▼$63.8152-Week Range$51.58▼$86.06Volume687,652 shsAverage Volume1.01 million shsMarket Capitalization$5.55 billionP/E Ratio16.57Dividend Yield5.39%Price Target$78.92 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media NextEra Energy Partners MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside26.3% Upside$78.92 Price TargetShort InterestHealthy4.77% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.05Based on 9 Articles This WeekInsider TradingAcquiring Shares$99,558 Bought Last QuarterProj. Earnings Growth23.88%From $1.34 to $1.66 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.3.25 out of 5 starsOils/Energy Sector6th out of 245 stocksElectric Services Industry1st out of 40 stocks 3.4 Analyst's Opinion Consensus RatingNextEra Energy Partners has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $78.92, NextEra Energy Partners has a forecasted upside of 26.3% from its current price of $62.47.Amount of Analyst CoverageNextEra Energy Partners has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.77% 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 3.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in NextEra Energy Partners has recently increased by 26.57%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipNextEra Energy Partners is a leading dividend payer. It pays a dividend yield of 5.39%, 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 89.39%. 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 203.01% 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 2.8 News and Social Media Coverage News SentimentNextEra Energy Partners has a news sentiment score of 1.05. 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 is a higher news sentiment than the 0.63 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 9 news articles for NextEra Energy Partners this week, compared to 5 articles on an average week.Search InterestOnly 41 people have searched for NEP on MarketBeat in the last 30 days. This is a decrease of -45% compared to the previous 30 days.MarketBeat FollowsOnly 10 people have added NextEra Energy Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -41% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, NextEra Energy Partners insiders have bought more of their company's stock than they have sold. Specifically, they have bought $99,558.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.10% of the stock of NextEra Energy Partners is held by insiders.Percentage Held by Institutions83.05% 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 3.8 Earnings and Valuation Earnings GrowthEarnings for NextEra Energy Partners are expected to grow by 23.88% in the coming year, from $1.34 to $1.66 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of NextEra Energy Partners is 16.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.58.Price to Earnings Ratio vs. SectorThe P/E ratio of NextEra Energy Partners is 16.57, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 49.67.Price to Earnings Growth RatioNextEra Energy Partners has a PEG Ratio of 4.34. 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 0.38. 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 engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.Read More 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 Stock News HeadlinesMay 30, 2023 | marketbeat.comGrowth or Income? Why Choose? Get Both with This 5.5% PayerJune 4, 2023 | americanbankingnews.comNextEra Energy Partners (NYSE:NEP) Rating Increased to Neutral at Bank of AmericaJune 4, 2023 | Behind the Markets (Ad)[BREAKING] Pentagon to Spend Billions on "Living Missile"Air Force Magazine calls it "transformational." The Wall Street Journal calls it one of the Pentagon's "highest priorities." National Defense Magazine reports "Eye-popping budget" for it. This small company won the first contract to build them!June 3, 2023 | msn.comB of A Securities Upgrades NextEra Energy Partners LP - Unit (NEP)June 1, 2023 | finance.yahoo.com2 Great Large Cap Stocks to Buy On Sale in JuneJune 1, 2023 | msn.comNextEra Energy Partners pops as BofA raises to Neutral after IDR suspensionMay 31, 2023 | finance.yahoo.comTop Stock Reports for FEMSA, NextEra Energy & SanofiMay 29, 2023 | finance.yahoo.comWhy Is Wall Street So Polarized Over This High-Yield Dividend Stock?June 4, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 29, 2023 | americanbankingnews.comNextEra Energy Partners, LP (NYSE:NEP) Receives $78.82 Consensus PT from AnalystsMay 26, 2023 | finance.yahoo.comNot A Fan Of Oil But Enjoy The High Dividends Of Energy Stocks? Here Are 2 Renewable Energy Plays Yielding Up To 5.4%May 25, 2023 | finance.yahoo.comWhy Is NextEra Energy Partners (NEP) Up 6.4% Since Last Earnings Report?May 25, 2023 | finance.yahoo.comWhy Is NextEra (NEE) Up 0.2% Since Last Earnings Report?May 22, 2023 | msn.comRBC Capital Maintains NextEra Energy Partners LP - Unit (NEP) Outperform RecommendationMay 22, 2023 | americanbankingnews.comNextEra Energy Partners (NYSE:NEP) Given New $73.00 Price Target at Royal Bank of CanadaMay 17, 2023 | msn.comWells Fargo Maintains NextEra Energy Partners LP - Unit (NEP) Overweight RecommendationMay 17, 2023 | americanbankingnews.comNextEra Energy Partners (NYSE:NEP) PT Lowered to $80.00May 14, 2023 | americanbankingnews.comNextEra Energy Partners, LP (NYSE:NEP) to Post FY2023 Earnings of $0.80 Per Share, Zacks Research ForecastsMay 13, 2023 | americanbankingnews.comNextEra Energy Partners, LP (NYSE:NEP) Expected to Earn Q2 2023 Earnings of $0.61 Per ShareMay 12, 2023 | americanbankingnews.comNextEra Energy Partners (NYSE:NEP) Price Target Cut to $74.00 by Analysts at GuggenheimMay 9, 2023 | msn.comCIBC Upgrades NextEra Energy Partners LP - Unit (NEP)May 9, 2023 | finance.yahoo.comThis 5.7%-Yielding Dividend Stock is Going All In on Renewable Energy to Power GrowthMay 9, 2023 | americanbankingnews.comCIBC Upgrades NextEra Energy Partners (NYSE:NEP) to Sector OutperformMay 8, 2023 | wsj.comNextEra Energy Partners to Sell Natural Gas Pipeline Assets, Become Renewables Pure-PlayMay 8, 2023 | seekingalpha.comNextEra Energy Partners: Management Takes Steps To Counter Short SellersMay 5, 2023 | finance.yahoo.comIDACORP's (IDA) Q1 Earnings and Revenues Surpass EstimatesMay 4, 2023 | finance.yahoo.comEversource Energy (ES) Q1 Earnings & Sales Beat EstimatesSee More Headlines NEP Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NEP Company Calendar Last Earnings4/25/2023Ex-Dividend for 5/15 Dividend5/04/2023Dividend Payable5/15/2023Today6/03/2023Next Earnings (Estimated)7/28/2023Fiscal 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$78.92 High Stock Price Forecast$94.00 Low Stock Price Forecast$60.00 Forecasted Upside/Downside+26.2%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$3.77 Trailing P/E Ratio16.57 Forward P/E Ratio46.62 P/E Growth4.26Net Income$477 million Net Margins25.91% Pretax Margin58.81% Return on Equity2.38% Return on Assets1.54% Debt Debt-to-Equity Ratio0.37 Current Ratio1.39 Quick Ratio1.33 Sales & Book Value Annual Sales$1.23 billion Price / Sales4.51 Cash Flow$12.35 per share Price / Cash Flow5.06 Book Value$162.83 per share Price / Book0.38Miscellaneous Outstanding Shares88,902,000Free Float88,813,000Market Cap$5.55 billion OptionableOptionable Beta0.89 Key ExecutivesJohn W. KetchumChairman & Chief Executive OfficerRebecca Jones KujawaPresident & DirectorTerrell Kirk CrewsChief Financial Officer & DirectorW. Scott SeeleySecretary, Head-Compliance & Vice PresidentMark E. HicksonDirector, EVP-Strategy & Corporate DevelopmentKey CompetitorsOrmat TechnologiesNYSE:ORABrookfield RenewableNYSE:BEPCClearway EnergyNYSE:CWENAtlantica Sustainable InfrastructureNASDAQ:AYReNew Energy GlobalNASDAQ:RNWView All CompetitorsInsiders & InstitutionsCoastline Trust CoSold 79,223 shares on 5/31/2023Ownership: 0.016%Ameriprise Financial Inc.Bought 77,989 shares on 5/22/2023Ownership: 1.354%JPMorgan Chase & Co.Bought 62,352 shares on 5/18/2023Ownership: 0.111%Castellan GroupBought 2,115 shares on 5/17/2023Ownership: 0.040%D L Carlson Investment Group Inc.Sold 388 shares on 5/17/2023Ownership: 0.007%View All Insider TransactionsView All Institutional Transactions NEP Stock - Frequently Asked Questions Should I buy or sell NextEra Energy Partners stock right now? 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy Partners in the last twelve months. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NEP shares. View NEP analyst ratings or view top-rated stocks. What is NextEra Energy Partners' stock price forecast for 2023? 12 brokers have issued 1-year target prices for NextEra Energy Partners' shares. Their NEP share price forecasts range from $60.00 to $94.00. On average, they anticipate the company's stock price to reach $78.92 in the next year. This suggests a possible upside of 26.3% 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 on January 1st, 2023. Since then, NEP stock has decreased by 10.9% and is now trading at $62.47. View the best growth stocks for 2023 here. Are investors shorting NextEra Energy Partners? NextEra Energy Partners saw a increase in short interest in May. As of May 15th, there was short interest totaling 4,240,000 shares, an increase of 26.6% from the April 30th total of 3,350,000 shares. Based on an average daily trading volume, of 1,150,000 shares, the days-to-cover ratio is presently 3.7 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 Friday, July 28th 2023. 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, April, 25th. The solar energy provider reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by $0.48. The solar energy provider had revenue of $301 million for the quarter, compared to the consensus estimate of $355.92 million. NextEra Energy Partners had a net margin of 25.91% and a trailing twelve-month return on equity of 2.38%. NextEra Energy Partners's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.72 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 Monday, April 24th. Stockholders of record on Friday, May 5th will be paid a dividend of $0.8425 per share on Monday, May 15th. This represents a $3.37 annualized dividend and a dividend yield of 5.39%. The ex-dividend date of this dividend is Thursday, May 4th. This is a boost from the stock's previous quarterly dividend of $0.81. 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), Gabelli Growth Innovators ETF (GGRW), Global X Renewable Energy Producers ETF (RNRG), Gabelli Love Our Planet & People ETF (LOPP), Virtus Reaves Utilities ETF (UTES), First Trust North American Energy Infrastructure Fund (EMLP), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT) and First Trust EIP Carbon Impact ETF (ECLN). Is NextEra Energy Partners a good dividend stock? NextEra Energy Partners (NYSE:NEP) pays an annual dividend of $3.37 per share and currently has a dividend yield of 5.62%. 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 89.39%. 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 210.62% 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." 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 BlackRock Inc. (8.02%), FMR LLC (5.58%), Jennison Associates LLC (3.19%), Pictet Asset Management SA (2.13%), M&G Investment Management Ltd. (2.10%) and Tortoise Capital Advisors L.L.C. (2.08%). 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. What is NextEra Energy Partners' stock price today? One share of NEP stock can currently be purchased for approximately $62.47. How much money does NextEra Energy Partners make? NextEra Energy Partners (NYSE:NEP) has a market capitalization of $5.55 billion and generates $1.23 billion in revenue each year. The solar energy provider earns $477 million in net income (profit) each year or $3.77 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 6/4/2023 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.