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NYSE:NEP

NextEra Energy Partners - NEP Stock Forecast, Price & News

$83.57
-0.12 (-0.14%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$82.94
$84.31
50-Day Range
$67.20
$83.81
52-Week Range
$61.31
$88.80
Volume
765,781 shs
Average Volume
531,601 shs
Market Capitalization
$7.01 billion
P/E Ratio
18.78
Dividend Yield
3.64%
Price Target
$86.00

NextEra Energy Partners MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
3.4% Upside
$86.43 Price Target
Short Interest
Bearish
4.41% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.24mentions of NextEra Energy Partners in the last 14 days
Based on 4 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.

2.39 out of 5 stars

Oils/Energy Sector

91st out of 255 stocks

Electric Services Industry

10th out of 43 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.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley cut their price target on NextEra Energy Partners from $93.00 to $86.00 and set an "equal weight" rating on the stock in a report on Monday, June 13th. Royal Bank of Canada upgraded NextEra Energy Partners from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $86.00 to $89.00 in a research note on Friday, June 17th. KeyCorp lifted their price target on NextEra Energy Partners from $86.00 to $89.00 and gave the company an "overweight" rating in a research report on Thursday. TheStreet raised NextEra Energy Partners from a "c" rating to a "b-" rating in a research note on Thursday, June 30th. Finally, CIBC began coverage on NextEra Energy Partners in a research note on Thursday, June 9th. They set a "neutral" rating and a $79.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy Partners has a consensus rating of "Hold" and a consensus price target of $86.43.

NextEra Energy Partners Trading Down 0.1 %

NEP traded down $0.08 during trading on Friday, hitting $83.61. 2,695 shares of the stock were exchanged, compared to its average volume of 624,177. The firm has a 50 day simple moving average of $76.06 and a 200 day simple moving average of $74.83. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 2.15 and a beta of 0.86. NextEra Energy Partners has a 1 year low of $61.31 and a 1 year high of $88.80. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.30 and a current ratio of 1.34.

NextEra Energy Partners (NYSE:NEP - Get Rating) last posted its quarterly earnings data on Friday, July 22nd. The solar energy provider reported $2.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $2.31. NextEra Energy Partners had a return on equity of 4.21% and a net margin of 39.66%. The firm had revenue of $362.00 million during the quarter, compared to analysts' expectations of $345.09 million. During the same quarter last year, the firm earned ($0.97) EPS. The business's quarterly revenue was up 43.1% on a year-over-year basis. As a group, equities analysts expect that NextEra Energy Partners will post 3.9 EPS for the current year.

NextEra Energy Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Thursday, August 4th will be paid a $0.7625 dividend. This represents a $3.05 annualized dividend and a dividend yield of 3.65%. 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. NextEra Energy Partners's payout ratio is currently 68.54%.

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NEP Stock News Headlines

What's Going on With NextEra Energy's Profitability?
NextEra Energy Partners: A Yielding Growth Play
What 6 Analyst Ratings Have To Say About NextEra Energy Partners
See More Headlines
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NEP Company Calendar

Last Earnings
7/22/2022
Ex-Dividend for 8/12 Dividend
8/03/2022
Today
8/12/2022
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
$86.43
High Stock Price Forecast
$93.00
Low Stock Price Forecast
$79.00
Forecasted Upside/Downside
+2.9%
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
$6.44 per share
Book Value
$142.53 per share

Miscellaneous

Free Float
83,720,000
Market Cap
$7.01 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" NEP shares.
View NEP analyst ratings
or view top-rated stocks.

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

8 equities research analysts have issued 12 month price targets for NextEra Energy Partners' shares. Their NEP share price forecasts range from $79.00 to $93.00. On average, they anticipate the company's stock price to reach $86.43 in the next year. This suggests a possible upside of 3.8% 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 2022?

NextEra Energy Partners' stock was trading at $84.40 at the beginning of 2022. Since then, NEP shares have decreased by 1.3% and is now trading at $83.27.
View the best growth stocks for 2022 here
.

When is NextEra Energy Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our NEP earnings forecast
.

How were NextEra Energy Partners' earnings last quarter?

NextEra Energy Partners, LP (NYSE:NEP) posted its quarterly earnings results on Friday, July, 22nd. The solar energy provider reported $2.61 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $2.31. The solar energy provider had revenue of $362 million for the quarter, compared to analyst estimates 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 company's quarterly revenue was up 43.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.97) earnings per share.

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 25th. Stockholders of record on Thursday, August 4th will be given a dividend of $0.7625 per share on Friday, August 12th. This represents a $3.05 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Wednesday, August 3rd. This is a boost from the stock's previous quarterly dividend of $0.73.
Read our dividend analysis for NEP
.

Is NextEra Energy Partners a good dividend stock?

NextEra Energy Partners (NYSE:NEP) pays an annual dividend of $3.05 per share and currently has a dividend yield of 3.64%. The company 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 is 68.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, NEP will have a dividend payout ratio of 121.51% 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 many different retail and institutional investors. Top institutional investors include FMR LLC (7.68%), Jennison Associates LLC (3.18%), ClearBridge Investments Ltd (2.69%), Tortoise Capital Advisors L.L.C. (2.08%), Pictet Asset Management SA (1.87%) and Kayne Anderson Capital Advisors LP (1.62%). Insiders that own company stock include Peter H Kind and Robert J Byrne.
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 $83.27.

How much money does NextEra Energy Partners make?

NextEra Energy Partners (NYSE:NEP) has a market capitalization of $6.99 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 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 8/12/2022 by MarketBeat.com Staff

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