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China July exports rise, with trade surplus at record-high
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Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
NYSE:NEP

NextEra Energy Partners - NEP Stock Forecast, Price & News

$81.67
+1.52 (+1.90%)
(As of 08/5/2022 12:00 AM ET)
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Compare
Today's Range
$79.22
$81.70
50-Day Range
$67.20
$82.74
52-Week Range
$61.31
$88.80
Volume
449,142 shs
Average Volume
598,050 shs
Market Capitalization
$6.85 billion
P/E Ratio
18.35
Dividend Yield
3.73%
Price Target
$86.00

NextEra Energy Partners MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
5.3% Upside
$86.00 Price Target
Short Interest
Healthy
3.99% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.35mentions of NextEra Energy Partners in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-35.64%
From $3.90 to $2.51 Per Share

Overall MarketRank

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

2.51 out of 5 stars

Oils/Energy Sector

75th out of 336 stocks

Electric Services Industry

7th out of 54 stocks

NEP stock logo

About NextEra Energy Partners (NYSE:NEP) Stock

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 and solar projects, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida.

NextEra Energy Partners Trading Up 1.9 %

Shares of NextEra Energy Partners stock opened at $81.67 on Friday. NextEra Energy Partners has a 1 year low of $61.31 and a 1 year high of $88.80. The firm has a market cap of $6.85 billion, a PE ratio of 18.35, a PEG ratio of 2.09 and a beta of 0.86. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.34 and a quick ratio of 1.30. The company has a 50 day simple moving average of $75.23 and a two-hundred day simple moving average of $74.56.

NextEra Energy Partners (NYSE:NEP - Get Rating) last announced its earnings results on Friday, July 22nd. The solar energy provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $2.31. NextEra Energy Partners had a net margin of 39.66% and a return on equity of 4.21%. The business had revenue of $362.00 million during the quarter, compared to analyst estimates of $345.09 million. During the same period in the previous year, the business posted ($0.97) earnings per share. NextEra Energy Partners's revenue for the quarter was up 43.1% on a year-over-year basis. Analysts expect that NextEra Energy Partners will post 3.9 earnings per share for the current fiscal year.

NextEra Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Thursday, August 4th will be given a dividend of $0.7625 per share. The ex-dividend date of this dividend is Wednesday, August 3rd. This is a positive change from NextEra Energy Partners's previous quarterly dividend of $0.73. This represents a $3.05 annualized dividend and a yield of 3.73%. NextEra Energy Partners's payout ratio is presently 68.54%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NEP shares. CIBC started coverage on shares of NextEra Energy Partners in a research note on Thursday, June 9th. They issued a "neutral" rating and a $79.00 target price for the company. UBS Group set a $90.00 target price on shares of NextEra Energy Partners in a research note on Monday, June 20th. KeyCorp lifted their target price on shares of NextEra Energy Partners from $83.00 to $86.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 19th. Credit Suisse Group lifted their target price on shares of NextEra Energy Partners from $74.00 to $79.00 and gave the stock an "outperform" rating in a research note on Monday, July 25th. Finally, Morgan Stanley cut their price objective on shares of NextEra Energy Partners from $93.00 to $86.00 and set an "equal weight" rating for the company in a research report on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $86.00.

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NEP Stock News Headlines

27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
What's Going on With NextEra Energy's Profitability?
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
NextEra Energy Partners: A Yielding Growth Play
What 6 Analyst Ratings Have To Say About NextEra Energy Partners
3 Top Trends to Invest $1,000 in Right Now
See More Headlines
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NEP Company Calendar

Ex-Dividend for 5/12 Dividend
5/04/2022
Dividend Payable
5/12/2022
Last Earnings
7/22/2022
Ex-Dividend for 8/12 Dividend
8/03/2022
Today
8/07/2022
Dividend Payable
8/12/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

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 Forecast
$86.00
High Stock Price Forecast
$93.00
Low Stock Price Forecast
$79.00
Forecasted Upside/Downside
+5.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$137 million
Pretax Margin
93.97%

Debt

Sales & Book Value

Annual Sales
$982 million
Cash Flow
$6.46 per share
Book Value
$142.53 per share

Miscellaneous

Free Float
83,720,000
Market Cap
$6.85 billion
Optionable
Optionable
Beta
0.86

Key Executives

  • Mr. John W. Ketchum (Age 51)
    Chairman & CEO
  • Ms. Rebecca J. Kujawa (Age 46)
    Pres & Director
  • Mr. Terrell Kirk Crews II (Age 44)
    CFO & Director
  • Mr. James Michael May (Age 45)
    Controller & Chief Accounting Officer
  • Matthew Roskot
    Director of Investor Relations
  • Mr. Charles E. Sieving (Age 49)
    Gen. Counsel
  • Mr. Mark E. Hickson (Age 54)
    Exec. VP of Strategy & Corp. Devel. and Director
  • Mr. Paul I. Cutler (Age 62)
    Treasurer & Assistant Sec.
  • Mr. William Scott Seeley
    Corp. Sec.













NEP Stock - Frequently Asked Questions

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy Partners in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NextEra Energy Partners stock.
View analyst ratings for NextEra Energy Partners
or view top-rated stocks.

What is NextEra Energy Partners' stock price forecast for 2022?

8 Wall Street analysts have issued 12-month target prices for NextEra Energy Partners' stock. Their NEP stock forecasts range from $79.00 to $93.00. On average, they expect NextEra Energy Partners' share price to reach $86.00 in the next year. This suggests a possible upside of 5.3% from the stock's current price.
View analysts' price targets for NextEra Energy Partners
or view top-rated stocks among Wall Street analysts.

How has NextEra Energy Partners' stock price performed in 2022?

NextEra Energy Partners' stock was trading at $84.40 at the beginning of the year. Since then, NEP stock has decreased by 3.2% and is now trading at $81.67.
View the best growth stocks for 2022 here
.

When is NextEra Energy Partners' next earnings date?

NextEra Energy Partners is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our earnings forecast for NextEra Energy Partners
.

How were NextEra Energy Partners' earnings last quarter?

NextEra Energy Partners, LP (NYSE:NEP) released its quarterly earnings data on Friday, July, 22nd. The solar energy provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $2.31. The solar energy provider earned $362 million during the quarter, compared to analysts' expectations of $345.09 million. NextEra Energy Partners had a trailing twelve-month return on equity of 4.21% and a net margin of 39.66%. The business's revenue for the quarter was up 43.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.97) EPS.

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

NextEra Energy Partners declared a quarterly dividend on Monday, July 25th. Investors of record on Thursday, August 4th will be paid a dividend of $0.7625 per share on Friday, August 12th. This represents a $3.05 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Wednesday, August 3rd. This is a boost from NextEra Energy Partners's previous quarterly dividend of $0.73.
View NextEra Energy Partners' dividend history
.

Is NextEra Energy Partners a good dividend stock?

NextEra Energy Partners(NYSE:NEP) pays an annual dividend of $3.05 per share and currently has a dividend yield of 3.73%. NextEra Energy Partners has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of NextEra Energy Partners is 68.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, NextEra Energy Partners will have a dividend payout ratio of 121.51% in the coming year. This indicates that NextEra Energy Partners may not be able to sustain their current dividend.
View NextEra Energy Partners' dividend history.

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 Jennison Associates LLC (3.18%), Kayne Anderson Capital Advisors LP (1.62%), CIBC Private Wealth Group LLC (1.29%), Artemis Investment Management LLP (1.16%), Lehman & Derafelo Financial Resources LLC (0.43%) and abrdn plc (0.30%). Company insiders that own NextEra Energy Partners stock include Peter H Kind and Robert J Byrne.
View institutional ownership trends for NextEra Energy Partners
.

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 $81.67.

How much money does NextEra Energy Partners make?

NextEra Energy Partners (NYSE:NEP) has a market capitalization of $6.85 billion and generates $982 million in revenue each year. The solar energy provider earns $137 million in net income (profit) each year or $4.45 on an earnings per share basis.

When was NextEra Energy Partners founded?

NextEra Energy Partners was founded in 2014.

How can I contact NextEra Energy Partners?

NextEra Energy Partners' mailing address is 700 UNIVERSE BOULEVARD, JUNO BEACH FL, 33408. The official website for NextEra Energy Partners 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 8/7/2022 by MarketBeat.com Staff

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