NextEra Energy Partners - NEP Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy Partners in the last year. There are currently 2 sell ratings, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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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9 brokerages have issued 1-year price objectives for NextEra Energy Partners' stock. Their NEP share price forecasts range from $70.00 to $93.00. On average, they anticipate the company's share price to reach $86.00 in the next year. This suggests a possible upside of 17.1% from the stock's current price.
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NextEra Energy Partners' stock was trading at $84.40 at the beginning of 2022. Since then, NEP stock has decreased by 13.0% and is now trading at $73.42.
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NextEra Energy Partners saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 4,470,000 shares, an increase of 23.8% from the August 31st total of 3,610,000 shares. Based on an average daily trading volume, of 478,400 shares, the short-interest ratio is presently 9.3 days.
View NextEra Energy Partners' Short Interest.

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

NextEra Energy Partners, LP (NYSE:NEP) issued its 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 earned $362 million during 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 firm's revenue was up 43.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.97) EPS.

NextEra Energy Partners declared 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 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Wednesday, August 3rd. This is a positive change from the stock's previous quarterly dividend of $0.73.
Read our dividend analysis for NEP.

NextEra Energy Partners (NYSE:NEP) pays an annual dividend of $3.05 per share and currently has a dividend yield of 4.04%. 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 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 110.11% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for NEP.

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."

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 $73.42.

NextEra Energy Partners (NYSE:NEP) has a market capitalization of $6.16 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.

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.