NextEra Energy Partners - NEP Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy Partners in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NEP shares.
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10 analysts have issued 1 year target prices for NextEra Energy Partners' stock. Their NEP share price forecasts range from $70.00 to $94.00. On average, they anticipate the company's stock price to reach $84.90 in the next twelve months. This suggests a possible upside of 39.4% from the stock's current price.
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NextEra Energy Partners' stock was trading at $70.09 on January 1st, 2023. Since then, NEP shares have decreased by 13.1% and is now trading at $60.91.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
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NextEra Energy Partners, LP (NYSE:NEP) released its quarterly earnings data on Wednesday, January, 25th. The solar energy provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.52 by $0.12. The solar energy provider had revenue of $266 million for the quarter, compared to analyst estimates of $336.74 million. NextEra Energy Partners had a net margin of 39.39% and a trailing twelve-month return on equity of 3.78%. NextEra Energy Partners's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.12) earnings per share.

NextEra Energy Partners announced a quarterly dividend on Wednesday, January 25th. Investors of record on Monday, February 6th will be given a dividend of $0.8125 per share on Tuesday, February 14th. This represents a $3.25 annualized dividend and a yield of 5.34%. The ex-dividend date is Friday, February 3rd. This is an increase from the stock's previous quarterly dividend of $0.79.
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), Gabelli Growth Innovators ETF (GGRW), Global X Renewable Energy Producers ETF (RNRG), Gabelli Love Our Planet & People ETF (LOPP), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT), Virtus Reaves Utilities ETF (UTES), First Trust North American Energy Infrastructure Fund (EMLP) and First Trust EIP Carbon Impact ETF (ECLN).

NextEra Energy Partners (NYSE:NEP) pays an annual dividend of $3.25 per share and currently has a dividend yield of 5.32%. 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 57.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, NEP will have a dividend payout ratio of 119.05% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for NEP.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEP."

NextEra Energy Partners' stock is owned by a number of institutional and retail investors. Top institutional investors include Neuberger Berman Group LLC (4.93%), Jennison Associates LLC (3.18%), Energy Income Partners LLC (2.48%), Tortoise Capital Advisors L.L.C. (2.07%), T. Rowe Price Investment Management Inc. (2.07%) and 1832 Asset Management L.P. (1.73%).
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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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One share of NEP stock can currently be purchased for approximately $60.91.

NextEra Energy Partners (NYSE:NEP) has a market capitalization of $5.27 billion and generates $1.21 billion in revenue each year. The solar energy provider earns $477 million in net income (profit) each year or $5.66 on an earnings per share basis.

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.