NYSE:NEP Nextera Energy Partners Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Nextera Energy Partners LP Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $59.96 +0.93 (+1.58 %) (As of 09/30/2020 12:00 AM ET) Add Compare Share Today's Range$58.37Now: $59.96▼$60.6850-Day Range$55.26MA: $59.32▼$62.7652-Week Range$29.01Now: $59.96▼$64.41Volume563,287 shsAverage Volume593,644 shsMarket Capitalization$3.93 billionP/E RatioN/ADividend Yield3.91%Beta1.07 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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 with approximately 4,859 megawatts of capacity, as well as seven contracted natural gas pipeline assets. The company was founded in 2014 and is headquartered in Juno Beach, Florida.Read More Beat the Market (BTM) Rank™ 1.3 Analyst's Opinion Consensus RatingNextera Energy Partners has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 8 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $59.96, Nextera Energy Partners has a forecasted downside of 0.0% from its current price of $59.96.Amount of Analyst CoverageNextera Energy Partners has only been the subject of 3 research reports in the past 90 days. Previous Next 2.4 Community Rank Outperform VotesNextera Energy Partners has received 344 “outperform” votes. (Add your “outperform” vote.)Underperform VotesNextera Energy Partners has received 371 “underperform” votes. (Add your “underperform” vote.)Community SentimentNextera Energy Partners has received 51.89% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Nextera Energy Partners and other stocks. Vote “Outperform” if you believe NEP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe NEP will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 1.7 Dividend Strength Dividend YieldNextera Energy Partners pays a meaningful dividend of 3.91%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthNextera Energy Partners has been increasing its dividend for 5 years.Dividend SustainabilityBased on EPS estimates, Nextera Energy Partners will have a dividend payout ratio of 102.21% in the coming year. This indicates that Nextera Energy Partners may not be able to sustain their current dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Nextera Energy Partners insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.20% of the stock of Nextera Energy Partners is held by insiders.Percentage Held by Institutions82.65% of the stock of Nextera Energy Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Nextera Energy Partners are expected to grow in the coming year, from ($1.42) to $2.26 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Nextera Energy Partners is -17.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Nextera Energy Partners is -17.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioNextera Energy Partners has a P/B Ratio of 0.53. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.3Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.53 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Electric services Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:NEP Previous Symbol CUSIPN/A CIK1603145 Webwww.nexteraenergy.com Phone561-694-4000Debt Debt-to-Equity Ratio0.69 Current Ratio1.46 Quick Ratio1.38Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$855 million Price / Sales4.60 Cash Flow$3.83 per share Price / Cash Flow15.67 Book Value$113.16 per share Price / Book0.53Profitability EPS (Most Recent Fiscal Year)($1.51) Net Income$-71,000,000.00 Net Margins-14.18% Return on Equity-2.11% Return on Assets-1.08%Miscellaneous EmployeesN/A Outstanding Shares65,529,000Market Cap$3.93 billion Next Earnings Date10/27/2020 (Estimated) OptionableOptionable $59.96 +0.93 (+1.58 %) (As of 09/30/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive NEP News and Ratings via Email Sign-up to receive the latest news and ratings for NEP and its competitors with MarketBeat's FREE daily newsletter. Nextera Energy Partners (NYSE:NEP) Frequently Asked Questions How has Nextera Energy Partners' stock been impacted by COVID-19 (Coronavirus)? Nextera Energy Partners' stock was trading at $53.56 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NEP stock has increased by 11.9% and is now trading at $59.96. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Nextera Energy Partners? 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nextera Energy Partners in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Nextera Energy Partners. When is Nextera Energy Partners' next earnings date? Nextera Energy Partners is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020. View our earnings forecast for Nextera Energy Partners. How were Nextera Energy Partners' earnings last quarter? Nextera Energy Partners LP (NYSE:NEP) issued its quarterly earnings results on Friday, July, 24th. The solar energy provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.33. The solar energy provider had revenue of $253 million for the quarter, compared to the consensus estimate of $337.58 million. Nextera Energy Partners had a negative net margin of 14.18% and a negative return on equity of 2.11%. Nextera Energy Partners's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.49) EPS. View Nextera Energy Partners' earnings history. 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 27th. Shareholders of record on Thursday, August 6th will be paid a dividend of $0.5775 per share on Friday, August 14th. This represents a $2.31 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Wednesday, August 5th. This is a boost from Nextera Energy Partners's previous quarterly dividend of $0.56. View Nextera Energy Partners' dividend history. What price target have analysts set for NEP? 12 brokerages have issued 12-month target prices for Nextera Energy Partners' shares. Their forecasts range from $49.00 to $73.00. On average, they anticipate Nextera Energy Partners' share price to reach $59.96 in the next twelve months. This suggests that the stock has a possible downside of 0.0%. View analysts' price targets for Nextera Energy Partners. Who are some of Nextera Energy Partners' key competitors? Some companies that are related to Nextera Energy Partners include Avangrid (AGR), FirstEnergy (FE), Tenaga Nasional Bhd (TNABY), Korea Electric Power (KEP), CenterPoint Energy (CNP), RED ELECTRICA C/ADR (RDEIY), Brookfield Renewable Partners (BEP), Vistra Energy (VST), Algonquin Power & Utilities (AQN), Pinnacle West Capital (PNW), NRG Energy (NRG), CENTRAIS ELETRI/S (EBR), Enel Americas (ENIA), CENTRAIS ELETRI/S (EBR.B) and Brookfield Renewable (BEPC). View all competitors. 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 Gran Tierra Energy (GTE). Who are Nextera Energy Partners' key executives? Nextera Energy Partners' management team includes the following people: Mr. James L. Robo, Chairman & CEO (Age 56)Mr. John W. Ketchum, Pres & Director (Age 48)Ms. Rebecca J. Kujawa, CFO & Director (Age 43)Mr. James Michael May, Controller & Chief Accounting Officer (Age 42)Matthew Roskot, Director of Investor Relations What is Nextera Energy Partners' stock symbol? Nextera Energy Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEP." How do I buy shares of Nextera Energy Partners? Shares of NEP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Nextera Energy Partners' stock price today? One share of NEP stock can currently be purchased for approximately $59.96. How big of a company is Nextera Energy Partners? Nextera Energy Partners has a market capitalization of $3.93 billion and generates $855 million in revenue each year. The solar energy provider earns $-71,000,000.00 in net income (profit) each year or ($1.51) on an earnings per share basis. What is Nextera Energy Partners' official website? The official website for Nextera Energy Partners is www.nexteraenergy.com. How can I contact Nextera Energy Partners? Nextera Energy Partners' mailing address is 700 UNIVERSE BOULEVARD, JUNO BEACH FL, 33408. The solar energy provider can be reached via phone at 561-694-4000 or via email at [email protected] This page was last updated on 10/1/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
