NextEra Energy Partners (NEP) Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy Partners in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NEP shares.
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12 Wall Street analysts have issued twelve-month target prices for NextEra Energy Partners' shares. Their NEP share price forecasts range from $60.00 to $94.00. On average, they predict the company's stock price to reach $78.91 in the next twelve months. This suggests a possible upside of 25.2% from the stock's current price.
View analysts price targets for NEP or view top-rated stocks among Wall Street analysts.

NextEra Energy Partners' stock was trading at $70.09 at the beginning of the year. Since then, NEP stock has decreased by 10.1% and is now trading at $63.04.
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NextEra Energy Partners saw a increase in short interest in May. As of May 15th, there was short interest totaling 4,240,000 shares, an increase of 26.6% from the April 30th total of 3,350,000 shares. Based on an average daily trading volume, of 1,150,000 shares, the days-to-cover ratio is presently 3.7 days.
View NextEra Energy Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, July 28th 2023.
View our NEP earnings forecast.

NextEra Energy Partners, LP (NYSE:NEP) posted its quarterly earnings results on Tuesday, April, 25th. The solar energy provider reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by $0.48. The solar energy provider had revenue of $301 million for the quarter, compared to analyst estimates of $355.92 million. NextEra Energy Partners had a net margin of 25.91% and a trailing twelve-month return on equity of 2.38%. NextEra Energy Partners's revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.72 earnings per share.

NextEra Energy Partners announced a quarterly dividend on Monday, April 24th. Shareholders of record on Friday, May 5th will be paid a dividend of $0.8425 per share on Monday, May 15th. This represents a $3.37 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend is Thursday, May 4th. This is a positive change from the stock's previous quarterly dividend of $0.81.
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), First Trust EIP Carbon Impact ETF (ECLN), First Trust North American Energy Infrastructure Fund (EMLP), Global X Renewable Energy Producers ETF (RNRG), Gabelli Love Our Planet & People ETF (LOPP), Virtus Reaves Utilities ETF (UTES) and Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT).

NextEra Energy Partners (NYSE:NEP) pays an annual dividend of $3.37 per share and currently has a dividend yield of 5.39%. 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 89.39%. 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 203.01% 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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.02%), FMR LLC (5.58%), Jennison Associates LLC (3.19%), Pictet Asset Management SA (2.13%), M&G Investment Management Ltd. (2.10%) and Tortoise Capital Advisors L.L.C. (2.08%).
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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 $63.04.

NextEra Energy Partners (NYSE:NEP) has a market capitalization of $5.60 billion and generates $1.21 billion in revenue each year. The solar energy provider earns $477 million in net income (profit) each year or $3.77 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.