NextEra Energy Partners - NEP Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy Partners in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 12-month price targets for NextEra Energy Partners' shares. Their NEP share price forecasts range from $70.00 to $93.00. On average, they expect the company's share price to reach $86.00 in the next year. This suggests a possible upside of 13.9% from the stock's current price.
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NextEra Energy Partners' stock was trading at $84.40 at the start of the year. Since then, NEP shares have decreased by 10.5% and is now trading at $75.50.
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NextEra Energy Partners saw a increase in short interest in 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 trading volume of 478,400 shares, the days-to-cover ratio is currently 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) released its quarterly earnings data on Friday, July, 22nd. The solar energy provider reported $2.61 EPS for the quarter, topping the consensus estimate of $0.30 by $2.31. The solar energy provider earned $362 million during the quarter, compared to analysts' expectations of $345.09 million. NextEra Energy Partners had a net margin of 39.66% and a trailing twelve-month return on equity of 4.21%. NextEra Energy Partners's revenue for the quarter was up 43.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.97) EPS.

NextEra Energy Partners announced a quarterly dividend on Monday, July 25th. Shareholders 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 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Wednesday, August 3rd. This is a boost 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 4.11%. 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."

NextEra Energy Partners' stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (7.68%), Jennison Associates LLC (3.18%), ClearBridge Investments Ltd (2.69%), Price T Rowe Associates Inc. MD (2.61%), Tortoise Capital Advisors L.L.C. (2.08%) and Pictet Asset Management SA (1.87%). Insiders that own company stock include Peter H Kind and Robert J Byrne.
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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 $75.50.

NextEra Energy Partners (NYSE:NEP) has a market capitalization of $6.33 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.