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 year. 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.
View NEP analyst ratings or view top-rated stocks.

10 Wall Street analysts have issued 12 month target prices for NextEra Energy Partners' shares. Their NEP share price forecasts range from $70.00 to $94.00. On average, they anticipate the company's stock price to reach $85.40 in the next twelve months. This suggests a possible upside of 17.0% 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 on January 1st, 2023. Since then, NEP stock has increased by 4.1% and is now trading at $72.99.
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NextEra Energy Partners saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 5,310,000 shares, an increase of 9.9% from the November 30th total of 4,830,000 shares. Based on an average trading volume of 491,800 shares, the short-interest ratio is currently 10.8 days.
View NextEra Energy Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our NEP earnings forecast.

NextEra Energy Partners, LP (NYSE:NEP) announced its quarterly earnings data on Wednesday, January, 25th. The solar energy provider reported $0.40 earnings per share (EPS) 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 the consensus estimate of $336.74 million. NextEra Energy Partners had a net margin of 39.39% and a trailing twelve-month return on equity of 4.00%. The firm's revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) EPS.

NextEra Energy Partners declared a quarterly dividend on Wednesday, January 25th. Shareholders of record on Monday, February 6th will be paid a dividend of $0.8125 per share on Tuesday, February 14th. This represents a $3.25 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Friday, February 3rd. This is a positive change from the stock's previous quarterly dividend of $0.79.
Read our dividend analysis for NEP.

NextEra Energy Partners (NYSE:NEP) pays an annual dividend of $3.15 per share and currently has a dividend yield of 4.38%. 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 55.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, NEP will have a dividend payout ratio of 102.94% 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 shareholders include M&G Investment Management Ltd. (1.69%), Artemis Investment Management LLP (1.17%), International Assets Investment Management LLC (0.66%), Lehman & Derafelo Financial Resources LLC (0.41%), DekaBank Deutsche Girozentrale (0.22%) and Hall Private Wealth Advisors (0.15%).
View institutional ownership trends.

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 $72.99.

NextEra Energy Partners (NYSE:NEP) has a market capitalization of $6.32 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.