NextEra Energy Partners - NEP Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy Partners in the last year. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NEP shares.
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8 equities research analysts have issued 1-year target prices for NextEra Energy Partners' shares. Their NEP share price forecasts range from $79.00 to $93.00. On average, they predict the company's share price to reach $86.43 in the next twelve months. This suggests a possible upside of 3.4% from the stock's current price.
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NextEra Energy Partners' stock was trading at $84.40 at the beginning of the year. Since then, NEP shares have decreased by 1.0% and is now trading at $83.57.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
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NextEra Energy Partners, LP (NYSE:NEP) released its quarterly earnings data on Friday, July, 22nd. The solar energy provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $0.30 by $2.31. The solar energy provider had revenue of $362 million for 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%. The company's revenue for the quarter was up 43.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.97) EPS.

NextEra Energy Partners declared a quarterly dividend on Monday, July 25th. Investors of record on Thursday, August 4th will be paid a dividend of $0.7625 per share on Friday, August 12th. This represents a $3.05 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Wednesday, August 3rd. This is a positive change 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 3.64%. 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 121.51% 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 number of retail and institutional investors. Top institutional investors include FMR LLC (7.68%), Jennison Associates LLC (3.18%), ClearBridge Investments Ltd (2.69%), Tortoise Capital Advisors L.L.C. (2.08%), Pictet Asset Management SA (1.87%) and Kayne Anderson Capital Advisors LP (1.62%). 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 $83.57.

NextEra Energy Partners (NYSE:NEP) has a market capitalization of $7.01 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 was founded in 2014.

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.