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About NextEra Energy Partners (NYSE:NEP)
NextEra Energy Partners, LP acquires, owns, and operates contracted clean energy projects in the United States and Canada. It owns a portfolio of contracted renewable generation assets consisting of wind and solar projects with approximately 3,867 megawatts of capacity, as well as seven contracted natural gas pipeline assets. The company was founded in 2014 and is based in Juno Beach, Florida.
Industry, Sector and Symbol
Industry Electric services
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:NEP
CUSIPN/A
Phone561-694-4000
Debt
Debt-to-Equity Ratio1.17
Current Ratio1.30
Quick Ratio1.30
Price-To-Earnings
Trailing P/E Ratio66.30
Forward P/E Ratio24.03
P/E Growth2.64
Sales & Book Value
Annual Sales$807 million
Price / Sales2.94
Cash Flow$4.8751 per share
Price / Cash8.97
Book Value$55.55 per share
Price / Book0.79
Profitability
EPS (Most Recent Fiscal Year)$0.66
Net Income$-62,000,000.00
Net Margins-0.51%
Return on Equity4.38%
Return on Assets1.21%
Miscellaneous
Employees8
Outstanding Shares54,310,000
NextEra Energy Partners (NYSE:NEP) Frequently Asked Questions
What is NextEra Energy Partners' stock symbol?
NextEra Energy Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEP."
How often does NextEra Energy Partners pay dividends? What is the dividend yield for NextEra Energy Partners?
NextEra Energy Partners declared a quarterly dividend on Wednesday, April 25th. Shareholders of record on Monday, May 7th will be paid a dividend of $0.42 per share on Tuesday, May 15th. This represents a $1.68 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Friday, May 4th. This is an increase from NextEra Energy Partners's previous quarterly dividend of $0.41. View NextEra Energy Partners' Dividend History.
How were NextEra Energy Partners' earnings last quarter?
NextEra Energy Partners (NYSE:NEP) issued its quarterly earnings data on Tuesday, April, 24th. The solar energy provider reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.81. The solar energy provider earned $212 million during the quarter, compared to the consensus estimate of $273.98 million. NextEra Energy Partners had a negative net margin of 0.51% and a positive return on equity of 4.38%. View NextEra Energy Partners' Earnings History.
When is NextEra Energy Partners' next earnings date?
What price target have analysts set for NEP?
10 brokers have issued 12-month price objectives for NextEra Energy Partners' stock. Their predictions range from $39.00 to $47.00. On average, they anticipate NextEra Energy Partners' share price to reach $43.40 in the next year. View Analyst Ratings for NextEra Energy Partners.
Who are some of NextEra Energy Partners' key competitors?
Some companies that are related to NextEra Energy Partners include Pinnacle West Capital (PNW), Great Plains Energy (GXP), Eletrobras (EBR), OGE Energy (OGE), ENGIE BRASIL EN/S (EGIEY), CPFL Energia (CPL), Enel Generación Chile (EOCC), Brookfield Renewable Partners (BEP), Enel Chile (ENIC), Algonquin Power & Utilities (AQN), Idacorp (IDA), Pampa Energia (PAM), Hawaiian Electric Industries (HE), Portland General Electric (POR) and NRG Yield (NYLD).
Who are NextEra Energy Partners' key executives?
NextEra Energy Partners' management team includes the folowing people:
- Mr. James L. Robo, Chairman & CEO (Age 55)
- Mr. Armando Pimentel Jr., Pres & Director (Age 55)
- Mr. John W. Ketchum, CFO & Director (Age 47)
- Mr. Terrell Kirk Crews II, Controller & Chief Accounting Officer (Age 40)
- Ms. Amanda Finnis, Director, Investor Relations
Has NextEra Energy Partners been receiving favorable news coverage?
News coverage about NEP stock has been trending positive on Thursday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NextEra Energy Partners earned a media sentiment score of 0.25 on Accern's scale. They also gave news articles about the solar energy provider an impact score of 45.24 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are NextEra Energy Partners' major shareholders?
NextEra Energy Partners' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Neuberger Berman Group LLC (15.52%), BlackRock Inc. (4.84%), Massachusetts Financial Services Co. MA (4.15%), Summit Trail Advisors LLC (3.86%), Reaves W H & Co. Inc. (3.06%) and Eventide Asset Management LLC (1.48%). Company insiders that own NextEra Energy Partners stock include Armando Pimentel Jr and Mark E Hickson. View Institutional Ownership Trends for NextEra Energy Partners.
Which major investors are selling NextEra Energy Partners stock?
NEP stock was sold by a variety of institutional investors in the last quarter, including Reaves W H & Co. Inc., Eaton Vance Management, Evergreen Capital Management LLC, JPMorgan Chase & Co., Tiverton Asset Management LLC, Tortoise Capital Advisors L.L.C., Tortoise Capital Advisors L.L.C. and Otter Creek Advisors LLC. View Insider Buying and Selling for NextEra Energy Partners.
Which major investors are buying NextEra Energy Partners stock?
NEP stock was acquired by a variety of institutional investors in the last quarter, including Summit Trail Advisors LLC, Neuberger Berman Group LLC, Neumeier Poma Investment Counsel LLC, Kayne Anderson Capital Advisors LP, Millennium Management LLC, Wexford Capital LP, Stifel Financial Corp and Tiedemann Advisors LLC. Company insiders that have bought NextEra Energy Partners stock in the last two years include Armando Pimentel Jr and Mark E Hickson. View Insider Buying and Selling for NextEra Energy Partners.
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, Scottrade, Fidelity and Charles Schwab.
What is NextEra Energy Partners' stock price today?
One share of NEP stock can currently be purchased for approximately $43.73.
How big of a company is NextEra Energy Partners?
NextEra Energy Partners has a market capitalization of $2.35 billion and generates $807 million in revenue each year. The solar energy provider earns $-62,000,000.00 in net income (profit) each year or $0.66 on an earnings per share basis. NextEra Energy Partners employs 8 workers across the globe.
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]
MarketBeat Community Rating for NextEra Energy Partners (NEP)
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.
NextEra Energy Partners (NYSE:NEP) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
10 Wall Street analysts have issued ratings and price targets for NextEra Energy Partners in the last 12 months. Their average twelve-month price target is $43.40, suggesting that the stock has a possible downside of 0.75%. The high price target for NEP is $47.00 and the low price target for NEP is $39.00. There are currently 2 hold ratings and 8 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Hold | Hold |
| Consensus Rating Score: | 2.80 | 2.73 | 2.46 | 2.42 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
5 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
5 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $43.40 | $42.1818 | $40.8333 | $39.00 |
| Price Target Upside: | 0.75% downside | 6.76% upside | 5.28% downside | 5.55% downside |
NextEra Energy Partners (NYSE:NEP) Consensus Price Target History
NextEra Energy Partners (NYSE:NEP) Analyst Ratings History
Show:
(Data available from 5/24/2016 forward)
NextEra Energy Partners (NYSE:NEP) Dividend Information
NextEra Energy Partners pays an annual dividend of $1.68 per share, with a dividend yield of 3.84%. NEP's most recent quarterly dividend payment was Tuesday, May 15. The company has grown its dividend for the last 2 consecutive years and is increasing its dividend by an average of 99.60% each year. NextEra Energy Partners pays out 254.55% of its earnings out as a dividend.
| Most Recent Dividend: | 5/15/2018 |
| Annual Dividend: | $1.68 |
| Dividend Yield: | 3.84% |
| Dividend Growth: | 99.60% (3 Year Average) |
| Payout Ratio(s): | 254.55% (Trailing 12 Months of Earnings)
92.31% (Based on This Year's Estimates)
78.87% (Based on Next Year's Estimates)
34.46% (Based on Cash Flow)
|
| Track Record: | 2 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
NextEra Energy Partners (NYSE:NEP) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/25/2018 | quarterly | $0.42 | 4.04% | 5/4/2018 | 5/7/2018 | 5/15/2018 |
| 1/26/2018 | quarterly | $0.4050 | 4.05% | 2/2/2018 | 2/5/2018 | 2/14/2018 |
| 10/27/2017 | quarterly | $0.3925 | 4% | 11/3/2017 | 11/6/2017 | 11/14/2017 |
| 7/26/2017 | Quarterly | $0.38 | 3.87% | 8/3/2017 | 8/7/2017 | 8/14/2017 |
| 4/21/2017 | Quarterly | $0.3650 | 4.31% | 5/4/2017 | 5/8/2017 | 5/15/2017 |
| 1/27/2017 | quarterly | $0.3525 | | 2/3/2017 | 2/7/2017 | 2/14/2017 |
| 11/1/2016 | quarterly | $0.3410 | 5.16% | 11/4/2016 | 11/8/2016 | 11/14/2016 |
| 7/27/2016 | quarterly | $0.33 | 4.24% | 8/2/2016 | 8/4/2016 | 8/12/2016 |
| 4/28/2016 | quarterly | $0.3188 | 4.41% | 5/4/2016 | 5/6/2016 | 5/13/2016 |
| 1/28/2016 | quarterly | $0.3075 | 4% | 2/3/2016 | 2/5/2016 | 2/12/2016 |
| 10/28/2015 | quarterly | $0.27 | 4.2% | 11/3/2015 | 11/5/2015 | 11/13/2015 |
| 8/3/2015 | quarterly | $0.2350 | 2.88% | 8/7/2015 | 8/11/2015 | 8/14/2015 |
| 4/29/2015 | quarterly | $0.2050 | 1.94% | 5/1/2015 | 5/5/2015 | 5/15/2015 |
| 1/27/2015 | quarterly | $0.1950 | 1.95% | 2/2/2015 | 2/4/2015 | 2/13/2015 |
| 10/30/2014 | quarterly | $0.1875 | | 11/3/2014 | 11/5/2014 | 11/14/2014 |
(Data available from 1/1/2013 forward)
NextEra Energy Partners (NYSE NEP) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.46%
Institutional Ownership Percentage: 83.67%
NextEra Energy Partners (NYSE NEP) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 7/14/2017 | Armando Pimentel Jr | Insider | Buy | 5,000 | $38.23 | $191,150.00 | 20,000 |  |
| 7/5/2017 | Mark E Hickson | EVP | Buy | 1,350 | $37.51 | $50,638.50 | 4,780 | |
| 9/11/2015 | Paul I Cutler | Treasurer | Buy | 12,000 | $26.00 | $312,000.00 | 36,525 | |
| 8/28/2015 | Armando Pimentel, Jr. | insider | Buy | 5,000 | $29.97 | $149,850.00 | 15,000 | |
| 7/1/2014 | Armando Pimentel Jr | Insider | Buy | 10,000 | $25.00 | $250,000.00 | | |
| 7/1/2014 | Charles E Sieving | General Counsel | Buy | 23,358 | $25.00 | $583,950.00 | | |
| 7/1/2014 | Chris N Froggatt | CAO | Buy | 5,837 | $25.00 | $145,925.00 | | |
| 7/1/2014 | James L Robo | CEO | Buy | 143,576 | $28.68 | $4,117,759.68 | | |
| 7/1/2014 | Mark E Hickson | VP | Buy | 3,430 | $25.00 | $85,750.00 | | |
| 7/1/2014 | Moray P Dewhurst | CFO | Buy | 25,000 | $25.00 | $625,000.00 | | |
| 7/1/2014 | Paul I Cutler | Treasurer | Buy | 24,525 | $25.00 | $613,125.00 | | |
(Data available from 1/1/2013 forward)
NextEra Energy Partners (NYSE NEP) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | NextEra Energy: 5th Time Is The Charm
seekingalpha.com - May 24 at 8:58 AM |
 | Contrasting Houston Lighting & Power (CNP) & NextEra Energy Partners (NEP)
www.americanbankingnews.com - May 21 at 5:33 AM |
| $278.31 Million in Sales Expected for NextEra Energy Partners (NEP) This Quarter
www.americanbankingnews.com - May 15 at 2:46 AM |
| $0.42 Earnings Per Share Expected for NextEra Energy Partners (NEP) This Quarter
www.americanbankingnews.com - May 13 at 3:17 PM |
 | The Zacks Analyst Blog Highlights: Schwab, NextEra, MetLife, Anadarko Petroleum and Williams Partners
finance.yahoo.com - May 11 at 9:49 AM |
| Financial Survey: NextEra Energy Partners (NEP) & The Competition
www.americanbankingnews.com - May 5 at 7:24 PM |
| NextEra Energy Partners (NEP) versus The Competition Head to Head Contrast
www.americanbankingnews.com - May 5 at 1:58 AM |
| Zacks Industry Outlook Highlights: NextEra Energy, SCANA and Dominion Energy
finance.yahoo.com - May 3 at 4:59 PM |
| Reviewing NextEra Energy Partners (NEP) and Its Peers
www.americanbankingnews.com - May 3 at 4:02 PM |
| 1 Dividend Stock I’d Buy Today
finance.yahoo.com - April 30 at 9:57 AM |
| NextEra Energy Partners (NEP) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - April 29 at 9:38 AM |
| Contrasting NextEra Energy Partners (NEP) & Its Rivals
www.americanbankingnews.com - April 28 at 9:16 PM |
| $272.61 Million in Sales Expected for NextEra Energy Partners (NEP) This Quarter
www.americanbankingnews.com - April 28 at 4:38 AM |
| This Will Be America's Top Renewable Energy Source by 2019
finance.yahoo.com - April 27 at 9:10 AM |
| NextEra Energy Partners (NEP) to Post Q2 2018 Earnings of $0.07 Per Share, Oppenheimer Forecasts
www.americanbankingnews.com - April 27 at 7:14 AM |
| Oppenheimer Weighs in on NextEra Energy Partners' FY2020 Earnings (NEP)
www.americanbankingnews.com - April 26 at 11:28 AM |
| Zacks Investment Research Upgrades NextEra Energy Partners (NEP) to "Hold"
www.americanbankingnews.com - April 26 at 10:08 AM |
| NextEra Energy Partners (NEP) PT Raised to $40.00
www.americanbankingnews.com - April 26 at 9:00 AM |
| Zacks: Analysts Anticipate NextEra Energy Partners (NEP) to Post $0.50 Earnings Per Share
www.americanbankingnews.com - April 26 at 3:14 AM |
| NextEra Energy Partners (NEP) Raises Dividend to $0.42 Per Share
www.americanbankingnews.com - April 25 at 5:22 PM |
| NextEra Energy Partners: Strong Q1 Performance Supports Continued Dividend Growth
seekingalpha.com - April 25 at 4:58 PM |
| NextEra Energy Partners (NEP) Announces Quarterly Earnings Results, Beats Estimates By $0.76 EPS
www.americanbankingnews.com - April 25 at 10:16 AM |
| Edited Transcript of NEP earnings conference call or presentation 24-Apr-18 1:00pm GMT
finance.yahoo.com - April 25 at 9:10 AM |
 | NextEra Energy Partners: 1Q Earnings Snapshot
www.cnbc.com - April 24 at 4:55 PM |
| NextEra Energy Partners EPS of $1.21
seekingalpha.com - April 24 at 8:49 AM |
 | NextEra Energy first-quarter 2018 financial results available on company's website
www.bizjournals.com - April 24 at 8:49 AM |
 | NextEra Energy profit more than doubles
www.marketwatch.com - April 24 at 8:49 AM |
 | NextEra Energy Partners LP Profit Climbs In Q1
www.nasdaq.com - April 24 at 8:49 AM |
| NextEra Energy Partners, LP first-quarter 2018 financial results available on partnership's website
www.bizjournals.com - April 24 at 8:49 AM |
| NextEra: 1Q Earnings Snapshot
finance.yahoo.com - April 24 at 8:49 AM |
| Is It Time To Buy NextEra Energy Partners LP (NYSE:NEP)?
finance.yahoo.com - April 24 at 8:49 AM |
| Comparing NextEra Energy Partners (NEP) & The Competition
www.americanbankingnews.com - April 21 at 11:12 AM |
| What's in Store for NextEra Energy (NEE) in Q1 Earnings?
finance.yahoo.com - April 20 at 5:02 PM |
 | Research Report Identifies Antero Midstream Partners LP, Genesis Energy, NextEra Energy Partners, LP, Wabash ...
globenewswire.com - April 20 at 8:42 AM |
| Research Report Identifies Antero Midstream Partners LP, Genesis Energy, NextEra Energy Partners, LP, Wabash National, FuelCell Energy, and Brown-Forman with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
finance.yahoo.com - April 20 at 8:42 AM |
| Head-To-Head Survey: Nextera Energy Partners (NEP) versus The Competition
www.americanbankingnews.com - April 17 at 7:13 PM |
| Zacks Industry Outlook Highlights: Jinko Solar, Azure Power Global, Dominion Midstream, SunPower and NextEra Energy Partners
finance.yahoo.com - April 17 at 8:48 AM |
| Zacks Industry Outlook Highlights: AES, NextEra Energy, JinkoSolar Holding and First Solar
finance.yahoo.com - April 16 at 9:20 AM |
| Nextera Energy Partners (NEP) Upgraded at BidaskClub
www.americanbankingnews.com - April 14 at 10:18 PM |
| Nextera Energy Partners (NEP) Set to Announce Earnings on Thursday
www.americanbankingnews.com - April 12 at 1:02 AM |
| NextEra Energy Partners, LP announces date for release of first-quarter 2018 financial results
finance.yahoo.com - April 11 at 9:24 AM |
| NextEra Energy announces date for release of first-quarter 2018 financial results
finance.yahoo.com - April 11 at 9:24 AM |
| Nextera Energy Partners (NEP) Downgraded by Zacks Investment Research
www.americanbankingnews.com - April 11 at 9:21 AM |
| Nextera Energy Partners LP (NEP) Expected to Post Quarterly Sales of $283.71 Million
www.americanbankingnews.com - April 11 at 4:38 AM |
| Nextera Energy Partners (NEP) Downgraded by BidaskClub to "Buy"
www.americanbankingnews.com - April 10 at 9:26 PM |
| JPMorgan Chase Cuts Nextera Energy Partners (NEP) Price Target to $38.00
www.americanbankingnews.com - April 10 at 10:57 AM |
| Why NextEra Energy Partners Sold $1.3 Billion of Canadian Assets
finance.yahoo.com - April 10 at 8:53 AM |
| Nextera Energy Partners LP (NEP) Expected to Announce Earnings of $0.41 Per Share
www.americanbankingnews.com - April 9 at 5:21 AM |
| Nextera Energy Partners (NEP) Stock Rating Reaffirmed by Royal Bank of Canada
www.americanbankingnews.com - April 7 at 8:19 PM |
| The State of Solar Today
finance.yahoo.com - April 7 at 4:55 PM |
NextEra Energy Partners (NYSE:NEP) SEC Filings
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NextEra Energy Partners (NYSE:NEP) Income Statement, Balance Sheet and Cash Flow Statement
NextEra Energy Partners (NYSE NEP) Stock Chart for Thursday, May, 24, 2018
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