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

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our NEP earnings forecast.

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.

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.

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.

ETFs with the largest weight of NextEra Energy Partners (NYSE:NEP) stock in their portfolio include ALPS Clean Energy ETF (ACES), First Trust EIP Carbon Impact ETF (ECLN), Gabelli Love Our Planet & People ETF (LOPP), Global X Renewable Energy Producers ETF (RNRG), ClearBridge Sustainable Infrastructure ETF (INFR), First Trust North American Energy Infrastructure Fund (EMLP), BNY Mellon Global Infrastructure Income ETF (BKGI) and Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT).

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).

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.

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.
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