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NYSE:NEP

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

$24.59
-5.11 (-17.21%)
(As of 03:57 PM ET)
Compare
Today's Range
$24.25
$29.37
50-Day Range
$29.70
$58.99
52-Week Range
$24.25
$81.32
Volume
13.70 million shs
Average Volume
1.12 million shs
Market Capitalization
$2.30 billion
P/E Ratio
14.55
Dividend Yield
13.91%
Price Target
$63.69

NextEra Energy Partners MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
134.9% Upside
$57.77 Price Target
Short Interest
Healthy
3.06% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.42mentions of NextEra Energy Partners in the last 14 days
Based on 36 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
27.56%
From $1.27 to $1.62 Per Share

Overall MarketRank

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

3.30 out of 5 stars

Oils/Energy Sector

1st out of 251 stocks

Electric Services Industry

2nd out of 40 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, 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 Price History

NEP Stock News Headlines

A Utility Resurgence? 6 Stocks Yielding up to 8.9%
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.
JP Morgan Downgrades NextEra Energy Partners
NextEra Energy Partners Sees Unusually High Options Volume (NYSE:NEP)
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.
NextEra Energy Partners (NYSE:NEP) PT Lowered to $58.00 at Scotiabank
NextEra Energy Partners (NYSE:NEP) Price Target Cut to $40.00
NextEra Energy Partners (NYSE:NEP) Downgraded by Oppenheimer
NextEra Energy Slashes Growth Outlook
NextEra Energy Partners (NYSE:NEP) PT Lowered to $65.00
See More Headlines
Receive NEP Stock News and Ratings via Email

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NEP Company Calendar

Last Earnings
7/25/2023
Ex-Dividend for 8/14 Dividend
8/03/2023
Dividend Payable
8/14/2023
Today
10/02/2023
Next Earnings (Estimated)
10/27/2023
Fiscal Year End
12/31/2023

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
$57.77
High Stock Price Forecast
$81.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+158.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
14 Analysts

Profitability

Net Income
$477 million
Pretax Margin
17.31%

Debt

Sales & Book Value

Annual Sales
$1.21 billion
Cash Flow
$10.06 per share
Book Value
$169.54 per share

Miscellaneous

Free Float
93,340,000
Market Cap
$2.30 billion
Optionable
Optionable
Beta
0.98
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Key Executives

  • Mr. John W. Ketchum (Age 52)
    Chairman & CEO
  • Ms. Rebecca J. Kujawa (Age 47)
    Pres & 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)
    Gen. Counsel
  • Mr. Mark E. Hickson (Age 55)
    Exec. VP of Strategy & Corp. Devel. and Director
  • Mr. William Scott Seeley
    Corp. Sec.
  • Mr. Michael H. Dunne (Age 47)
    Treasurer & Assistant Sec.













NEP Stock - Frequently Asked Questions

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

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy Partners in the last twelve months. There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NEP shares.
View NEP analyst ratings
or view top-rated stocks.

What is NextEra Energy Partners' stock price forecast for 2023?

14 brokers have issued 1-year target prices for NextEra Energy Partners' shares. Their NEP share price forecasts range from $30.00 to $81.00. On average, they predict the company's share price to reach $57.77 in the next twelve months. This suggests a possible upside of 134.4% 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 start of the year. Since then, NEP shares have decreased by 64.8% and is now trading at $24.65.
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 Friday, October 27th 2023.
View our NEP earnings forecast
.

How were NextEra Energy Partners' earnings last quarter?

NextEra Energy Partners, LP (NYSE:NEP) announced its quarterly earnings results on Tuesday, July, 25th. The solar energy provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.72 by $0.19. The solar energy provider had revenue of $350 million for the quarter, compared to analysts' expectations of $392.92 million. NextEra Energy Partners had a trailing twelve-month return on equity of 1.06% and a net margin of 12.22%. During the same quarter in the previous year, the firm posted $2.61 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, July 24th. Shareholders of record on Friday, August 4th will be paid a dividend of $0.854 per share on Monday, August 14th. This represents a $3.42 dividend on an annualized basis and a dividend yield of 13.86%. The ex-dividend date of this dividend is Thursday, August 3rd. This is a positive change from the stock's previous quarterly dividend of $0.84.
Read our dividend analysis for NEP
.

Is NextEra Energy Partners a good dividend stock?

NextEra Energy Partners (NYSE:NEP) pays an annual dividend of $3.42 per share and currently has a dividend yield of 11.50%. 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 202.37%. 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 211.11% 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."

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 $24.65.

How much money does NextEra Energy Partners make?

NextEra Energy Partners (NYSE:NEP) has a market capitalization of $2.30 billion and generates $1.21 billion in revenue each year. The solar energy provider earns $477 million in net income (profit) each year or $1.69 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 10/2/2023 by MarketBeat.com Staff

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