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

About NextEra Energy Partners, LP

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 approximately seven contracted natural gas pipeline assets. The Company's contracted renewable energy projects portfolio includes approximately 2,656 megawatts (MW). The Company's natural gas pipelines in the portfolio serve power producers and municipalities in South Texas; processing plants and producers in the Eagle Ford Shale, and residential, commercial and industrial customers in the Houston area. The Company is a subsidiary of NextEra Energy, Inc., which is a clean energy company.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Diversified Utilities
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: NEP
  • CUSIP:
Key Metrics:
  • Previous Close: $30.79
  • 50 Day Moving Average: $28.27
  • 200 Day Moving Average: $27.96
  • 52-Week Range: $54,200,000.00 - $23.90
  • Trailing P/E Ratio: 14.98
  • Foreward P/E Ratio: 15.79
  • P/E Growth: 0.39
  • Market Cap: $1.67B
  • Outstanding Shares: 54,200,000
  • Beta: 1.31
Profitability:
  • Net Margins: 12.89%
  • Return on Equity: 4.72%
  • Return on Assets: 1.30%
Debt:
  • Debt-to-Equity Ratio: 1.65%
  • Current Ratio: 1.37%
  • Quick Ratio: 1.37%
Additional Links:
Companies Related to NextEra Energy Partners, LP:

Analyst Ratings

Consensus Ratings for NextEra Energy Partners, LP (NYSE:NEP) (?)
Ratings Breakdown: 3 Hold Ratings, 7 Buy Ratings
Consensus Rating:Buy (Score: 2.70)
Consensus Price Target: $32.56 (5.73% upside)

Analysts' Ratings History for NextEra Energy Partners, LP (NYSE:NEP)
Show:
DateFirmActionRatingPrice TargetDetails
2/17/2017Raymond James Financial, Inc.Initiated CoverageOutperform$35.00View Rating Details
1/31/2017RBC Capital MarketsSet Price TargetHold$33.00View Rating Details
1/30/2017Deutsche Bank AGUpgradeHold -> Buy$29.00 -> $33.00View Rating Details
11/21/2016GabelliUpgradeHold -> BuyView Rating Details
11/17/2016Credit Suisse GroupInitiated CoverageOutperform$33.00View Rating Details
11/1/2016Avondale PartnersUpgradeMarket Perform -> Outperform$33.00View Rating Details
9/12/2016Barclays PLCReiterated RatingBuy$34.00View Rating Details
9/8/2016Oppenheimer Holdings, Inc.Initiated CoverageOutperform$34.00View Rating Details
4/5/2016Royal Bank Of CanadaInitiated CoverageSector Perform$29.00View Rating Details
2/23/2016J P Morgan Chase & CoBoost Price TargetNeutral$25.00 -> $29.00View Rating Details
1/29/2016BMO Capital MarketsLower Price TargetOutperform$34.00 -> $31.00View Rating Details
11/17/2015ScotiabankReiterated RatingSector Perform$32.00View Rating Details
11/17/2015Howard WeilInitiated CoverageSector Perform$32.00View Rating Details
10/19/2015Goldman Sachs Group, Inc. (The)UpgradeNeutral -> Buy$32.00View Rating Details
8/31/2015KeyCorpUpgradeSector Weight -> Overweight$38.00View Rating Details
8/25/2015Robert W. BairdInitiated CoverageOutperform$43.00View Rating Details
8/4/2015MizuhoLower Price TargetBuy$56.00 -> $47.00View Rating Details
7/27/2015Wells Fargo & CompanyUpgradeMarket Perform -> OutperformView Rating Details
7/6/2015Sanford C. BernsteinInitiated CoverageOutperformView Rating Details
(Data available from 2/19/2015 forward)

Earnings

Earnings History for NextEra Energy Partners, LP (NYSE:NEP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/26/2017        
1/27/2017Q416$0.32$0.91$231.99 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$0.35$0.14$179.57 millionViewListenView Earnings Details
1/28/2016Q415$0.38$0.46$185.27 millionViewListenView Earnings Details
10/28/2015Q315$0.26$0.05$131.43 million$103.00 millionViewListenView Earnings Details
8/3/2015Q215$0.22$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)
Current Year EPS Consensus Estimate: $1.42 EPS
Next Year EPS Consensus Estimate: $1.95 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.37$0.37$0.37
Q2 20161$0.35$0.35$0.35
Q3 20162$0.20$0.25$0.23
Q4 20161$0.22$0.22$0.22
Q1 20172$0.17$0.26$0.22
Q2 20172$0.16$0.22$0.19
Q3 20172$0.15$0.20$0.18
Q4 20172$0.25$0.26$0.26
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for NextEra Energy Partners, LP (NYSE:NEP)
Annual Dividend:$1.41
Dividend Yield:4.58%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:75.81% (Based on Trailing 12 Months of Earnings)
99.30% (Based on Current Year Consensus EPS Estimate)
72.31% (Based on Next Year Consensus EPS Estimate)

Dividend History for NextEra Energy Partners, LP (NYSE:NEP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for NextEra Energy Partners, LP (NYSE:NEP)
Institutional Ownership Percentage: 83.78%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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

Latest Headlines for NextEra Energy Partners, LP (NYSE:NEP)
DateHeadline
us.rd.yahoo.com logoCoverage initiated on NextEra Energy Partners by Raymond James (NYSE:NEP)
us.rd.yahoo.com - February 19 at 9:46 AM
News IconNextera Energy Partners LP (NEP) is Initiated by Raymond James to “Outperform” - Highland Mirror (NYSE:NEP)
www.highlandmirror.com - February 17 at 3:22 PM
finance.yahoo.com logoZacks.com featured highlights: Teck Resources, Teradyne, Western Digital, ArcelorMittal and NextEra Energy Partners (NYSE:NEP)
finance.yahoo.com - February 17 at 3:22 PM
wsj.com logo[$$] Energy Future Wins Chapter 11 Plan Confirmation (NYSE:NEP)
www.wsj.com - February 17 at 3:22 PM
News IconWall Street Consensus Watch on NextEra Energy Partners, LP (NYSE:NEP) - Rockville Register (NYSE:NEP)
rockvilleregister.com - February 14 at 9:26 PM
finance.yahoo.com logoEnergy Future begins bankruptcy exit hearing with key deal (NYSE:NEP)
finance.yahoo.com - February 14 at 9:26 PM
bizjournals.com logoHawaiian Electric Industries reports profit of $248M in 2016 (NYSE:NEP)
www.bizjournals.com - February 14 at 9:26 PM
finance.yahoo.com logoNextEra Energy and NextEra Energy Partners to meet with investors during the month of February (NYSE:NEP)
finance.yahoo.com - February 13 at 7:57 PM
realistinvestor.com logoResearch Analysts Set NextEra Energy Partners, LP (NYSE:NEP) Price Target at $32.555 - RealistInvestor.com (NYSE:NEP)
www.realistinvestor.com - February 12 at 11:41 PM
News IconGuild Investment Management adds Nextera Energy Partners LP (NEP) by $3313626 (NYSE:NEP)
cote-ivoire.com - February 10 at 7:41 PM
marketrealist.com logoWill NextEra Energy Increase Dividends in 2017? (NYSE:NEP)
marketrealist.com - February 10 at 7:41 PM
marketrealist.com logoWhich Utility Will Pay Higher Dividends in 2017? (NYSE:NEP)
marketrealist.com - February 10 at 7:41 PM
News IconThe Yieldco Comeback: NextEra Energy Partners LP Jumps 24% in January - Madison.com (NYSE:NEP)
host.madison.com - February 7 at 8:29 PM
realistinvestor.com logoNextEra Energy Partners, LP (NYSE:NEP) Mean Rating At $1.6 - RealistInvestor.com (NYSE:NEP)
www.realistinvestor.com - February 5 at 6:33 PM
capitalcube.com logoETFs with exposure to NextEra Energy Partners LP : February 2, 2017 (NYSE:NEP)
www.capitalcube.com - February 2 at 7:41 PM
finance.yahoo.com logoCan The Uptrend Continue for NextEra Energy Partners (NEP)? (NYSE:NEP)
finance.yahoo.com - February 1 at 7:52 PM
istreetwire.com logo3 Notable Runners: NextEra Energy Partners, LP (NEP), Under ... - iStreetWire (NYSE:NEP)
istreetwire.com - February 1 at 5:44 AM
News IconFirms & Funds Maintain Significant Positions In NextEra Energy Partners, LP (NYSE:NEP) - Wall Street Beacon (NYSE:NEP)
wsbeacon.com - February 1 at 5:44 AM
News IconOverbuying Stock Buzz: Nextera Energy Partners LP (NYSE:NEP) (NYSE:NEP)
thecelebritytruth.com - February 1 at 12:43 AM
finance.yahoo.com logoNextEra Energy Partners (NEP) Looks Good: Stock Up 12.6% (NYSE:NEP)
finance.yahoo.com - January 31 at 7:42 PM
capitalcube.com logoNextEra Energy Partners LP :NEP-US: Earnings Analysis: 2016 By the Numbers : January 31, 2017 (NYSE:NEP)
www.capitalcube.com - January 31 at 7:42 PM
News IconBurning Stock on the move: NextEra Energy Partners, LP (NYSE:NEP) (NYSE:NEP)
brassale.net - January 31 at 5:29 AM
News IconStock Scrambling Higher Out of The Gate: NextEra Energy Partners ... - Aiken Advocate (NYSE:NEP)
aikenadvocate.com - January 30 at 7:28 PM
News IconTrading Scope: ADX and CCI Review for Nextera Energy Partners LP (NEP) - Springdale Times (NYSE:NEP)
springdaletimes.com - January 30 at 7:28 PM
fool.com logoWhy NextEra Energy Partners LP's Shares Jumped 13% Today - Motley Fool (NYSE:NEP)
www.fool.com - January 30 at 7:27 PM
finance.yahoo.com logoWPPI Energy, NextEra Energy Resources announce plans to build Wisconsin's largest solar energy center (NYSE:NEP)
finance.yahoo.com - January 30 at 7:27 PM
marketrealist.com logoHow Analysts Rate American Electric following Its 4Q16 Earnings (NYSE:NEP)
marketrealist.com - January 30 at 9:14 AM
News IconStocks Wilt on Friday But Pull Off Positive Week, How Did This One Fare: NextEra Energy Partners, LP (NYSE:NEP) - Wall Street Beacon (NYSE:NEP)
wsbeacon.com - January 30 at 12:19 AM
News IconTracking the Numbers for NextEra Energy Partners, LP (NYSE:NEP) - The Tribune (NYSE:NEP)
lakecitytribune.com - January 30 at 12:19 AM
News IconNextEra Energy Partners, LP (NASDAQ:NEP) Expected To Report Earnings On Friday (NYSE:NEP)
myhealthbowl.com - January 29 at 7:17 PM
News IconTrading Focus: Checking ATR Levels for Nextera Energy Partners LP (NEP) - Sherwood Daily (NYSE:NEP)
sherwooddaily.com - January 29 at 5:04 AM
News IconTechnical Buzz on NextEra Energy Partners, LP (NYSE:NEP) - The Tribune (NYSE:NEP)
lakecitytribune.com - January 29 at 5:04 AM
News IconNextEra Energy Partners, LP (NYSE:NEP) to Post $0.37 Earnings Per Share: Analysts - Wall Street Beacon (NYSE:NEP)
wsbeacon.com - January 29 at 5:04 AM
seekingalpha.com logoNextEra Energy Partners' (NEP) CEO James Robo on Q4 2016 Results - Earnings Call Transcript (NYSE:NEP)
seekingalpha.com - January 28 at 6:56 PM
4-traders.com logoNextera Energy Partners LP : posts 4Q profit (NYSE:NEP)
www.4-traders.com - January 28 at 3:00 AM
nasdaq.com logoNextEra Energy Partners LP Q4 Profit Climbs 900% (NYSE:NEP)
www.nasdaq.com - January 28 at 3:00 AM
seekingalpha.com logoNextEra Energy Partners, LP 2016 Q4 - Results - Earnings Call Slides (NYSE:NEP)
seekingalpha.com - January 28 at 3:00 AM
finance.yahoo.com logoNextEra Energy Partners, LP fourth-quarter and full-year 2016 financial results available on partnership's website (NYSE:NEP)
finance.yahoo.com - January 28 at 3:00 AM
us.rd.yahoo.com logoNextEra Energy fourth-quarter and full-year 2016 financial results available on company's website (NYSE:NEP)
us.rd.yahoo.com - January 28 at 3:00 AM
biz.yahoo.com logoNEXTERA ENERGY PARTNERS, LP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements a (NYSE:NEP)
us.rd.yahoo.com - January 28 at 3:00 AM
sg.finance.yahoo.com logoNextEra misses 4Q profit forecasts (NYSE:NEP)
us.rd.yahoo.com - January 28 at 3:00 AM
sg.finance.yahoo.com logoNextEra Energy Partners posts 4Q profit (NYSE:NEP)
sg.finance.yahoo.com - January 28 at 3:00 AM
finance.yahoo.com logoNextEra Energy (NEE) Misses Q4 Earnings and Revenues (NYSE:NEP)
finance.yahoo.com - January 28 at 3:00 AM
biz.yahoo.com logoNextera Energy Partners LP and NextEra Energy Inc Earnings Call scheduled for 9:00 am ET today (NYSE:NEP)
biz.yahoo.com - January 28 at 3:00 AM
finance.yahoo.com logoNextEra Energy (NEE) Misses Q4 Earnings, Issues Outlook (NYSE:NEP)
finance.yahoo.com - January 28 at 3:00 AM
finance.yahoo.com logoEdited Transcript of NEP earnings conference call or presentation 27-Jan-17 2:00pm GMT (NYSE:NEP)
finance.yahoo.com - January 28 at 3:00 AM
News IconTechnical Level Spotcheck on Shares of Nextera Energy Partners LP (NEP) - Market Point (NYSE:NEP)
mtptnews.com - January 26 at 11:14 PM
News IconDoes This Dividend Rockstar Have Potential Upside? Analysts Weigh in on NextEra Energy Partners, LP (NYSE:NEP) - Aiken Advocate (NYSE:NEP)
aikenadvocate.com - January 23 at 7:06 PM
marketrealist.com logoUnderstanding NextEra Energy Stock ahead of Its 4Q16 Results (NYSE:NEP)
marketrealist.com - January 23 at 9:54 AM
marketrealist.com logoInside NextEra Energy’s Latest Price Targets (NYSE:NEP)
marketrealist.com - January 23 at 9:54 AM

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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 announced a quarterly dividend on Friday, January 27th. Stockholders of record on Tuesday, February 7th will be given a dividend of $0.3525 per share on Tuesday, February 14th. This represents a $1.41 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Friday, February 3rd. This is a positive change from NextEra Energy Partners, LP's previous quarterly dividend of $0.34.

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

10 analysts have issued 1 year price targets for NextEra Energy Partners, LP's shares. Their predictions range from $29.00 to $35.00. On average, they anticipate NextEra Energy Partners, LP's stock price to reach $32.56 in the next twelve months.

When will NextEra Energy Partners, LP announce their earnings?

NextEra Energy Partners, LP is scheduled to release their next quarterly earnings announcement on Wednesday, April, 26th 2017.

What are analysts saying about NextEra Energy Partners, LP stock?

Here are some recent quotes from research analysts about NextEra Energy Partners, LP stock:

  • According to Zacks Investment Research, "NextEra Energy Partners, LP engages in owning, operating and acquiring contracted clean energy projects. It owns interests in wind and solar projects primarily in North America. The Company's initial Portfolio consists of Northern Colorado, Elk City, Moore, Sombra, Perrin Ranch, Conestogo, Tuscola Bay, Summerhaven, and Genesis. NextEra Energy Partners, LP is headquartered in Juno Beach, Florida. " (2/1/2017)

  • Credit Suisse Group analysts commented, "We initiate coverage of NextEra Energy Partners (NEE Partners) with an Outperform rating and a $33 target price. We see compelling upside from best-in-class dividend growth visibility, improving acquisitions returns, and near-term capital structure flexibility. Leader of the Pack: We view NEE Partners as the premier vehicle in the YieldCo sector to finance the acquisition of long-term and heavily contracted cash flows. Investments primarily in renewable energy assets provide attractive dividend growth for shareholders. Growth visibility is driven by over $2 billion in EBITDA originated by its parent company NextEra Energy and available for dropdown to NEE Partners at increasingly attractive returns. A Plethora of Catalysts to Unlock Value: These include (1) 1Q17 dropdowns at attractive returns and requiring limited equity, (2) NET pipeline expansion update (February 2017), (3) PTC repowering opportunities for wind PPA projects and development of NextEra Energy’s wind and solar pipeline, and (4) growth opportunities in contracted energy storage assets. Risks: The following represent risks to our Outperform rating: (1) rising interest rates, (2) asset performance, (3) capital market needs and access, and (4) relative cost of capital disadvantage given IDR splits. Valuation: We project an above-consensus dividend CAGR of 16% through 2020 and believe NEP’s growth prospects at the end of our forecast period will be comparable with today. Our dividend yield based valuation methodology reflects that view." (11/17/2016)

Who owns NextEra Energy Partners, LP stock?

NextEra Energy Partners, LP's stock is owned by a number of of retail and institutional investors. Top institutional investors include Energy Income Partners LLC (9.75%), FMR LLC (5.75%), Zimmer Partners LP (4.57%), RidgeWorth Capital Management LLC (2.96%), Eventide Asset Management LLC (1.46%) and Ecofin Ltd. (1.30%). Company insiders that own NextEra Energy Partners, LP stock include Armando Pimentel, Jr and Paul I Cutler.

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 RidgeWorth Capital Management LLC, Marshall Wace LLP, GRT Capital Partners L.L.C. and Barrington Strategic Wealth Management Group LLC.

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

NextEra Energy Partners, LP's stock was bought by a variety of institutional investors in the last quarter, including Energy Income Partners LLC, Zimmer Partners LP, Advisory Research Inc., Russell Investments Group Ltd., FMR LLC, Eventide Asset Management LLC, Baird Financial Group Inc. and Elkfork Partners LLC. Company insiders that have bought NextEra Energy Partners, LP stock in the last two years include Armando Pimentel, Jr and Paul I Cutler.

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.

How much does a share of NextEra Energy Partners, LP stock cost?

One share of NextEra Energy Partners, LP stock can currently be purchased for approximately $30.79.

NextEra Energy Partners, LP (NYSE:NEP) Chart for Sunday, February, 19, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for NextEra Energy Partners, LP (NYSE:NEP)

Earnings History Chart

Earnings by Quarter for NextEra Energy Partners, LP (NYSE:NEP)

Dividend History Chart

Dividend Payments by Quarter for NextEra Energy Partners, LP (NYSE:NEP)

Last Updated on 2/19/2017 by MarketBeat.com Staff