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
Stock Exchange NYSE
Industry Electric services
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:NEP
CUSIPN/A
Phone561-694-4000
Debt
Debt-to-Equity Ratio1.05
Current Ratio4.59
Quick Ratio4.59
Price-To-Earnings
Trailing P/E Ratio72.15
Forward P/E Ratio17.19
P/E Growth1.89
Sales & Book Value
Annual Sales$807 million
Price / Sales3.20
Cash Flow$4.8691 per share
Price / Cash9.78
Book Value$30.57 per share
Price / Book1.56
Profitability
EPS (Most Recent Fiscal Year)$0.66
Net Income$-62,000,000.00
Net Margins8.88%
Return on Equity6.86%
Return on Assets2.15%
Miscellaneous
Employees8
Outstanding Shares54,310,000
Market Cap$2.56 billion
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 Thursday, July 26th. Stockholders of record on Monday, August 6th will be given a dividend of $0.4375 per share on Tuesday, August 14th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Friday, August 3rd. This is an increase from Nextera Energy Partners's previous quarterly dividend of $0.42. View Nextera Energy Partners' Dividend History.
How were Nextera Energy Partners' earnings last quarter?
Nextera Energy Partners LP (NYSE:NEP) announced its earnings results on Wednesday, July, 25th. The solar energy provider reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.95. The solar energy provider earned $225 million during the quarter, compared to the consensus estimate of $278.31 million. Nextera Energy Partners had a net margin of 8.88% and a return on equity of 6.86%. 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 1-year price objectives for Nextera Energy Partners' stock. Their predictions range from $35.00 to $54.50. On average, they expect Nextera Energy Partners' stock price to reach $44.3889 in the next year. This suggests that the stock has a possible downside of 6.8%. View Analyst Price Targets for Nextera Energy Partners.
What is the consensus analysts' recommendation for Nextera Energy Partners?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nextera Energy Partners in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 Huaneng Power International (HNP), Enel Americas (ENIA), Pinnacle West Capital (PNW), CHINA RESOURES/ADR (CRPJY), OGE Energy (OGE), Great Plains Energy (GXP), ENGIE BRASIL EN/S (EGIEY), Enel Generacion Chile (EOCC), Brookfield Renewable Partners (BEP), CPFL Energia (CPL), CENTRAIS ELETRI/S (EBR), Enel Chile (ENIC), IDACORP (IDA), Algonquin Power & Utilities (AQN) and Portland General Electric (POR).
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)
- Matthew Roskot, Director of Investor Relations
Has Nextera Energy Partners been receiving favorable news coverage?
Headlines about NEP stock have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of 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 and rumor sentiment score of 0.21 on Accern's scale. They also gave press coverage about the solar energy provider an impact score of 47.40 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View Recent Headlines for Nextera Energy Partners.
Who are Nextera Energy Partners' major shareholders?
Nextera Energy Partners' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.65%), Jennison Associates LLC (4.35%), Massachusetts Financial Services Co. MA (3.98%), FMR LLC (2.38%), Beach Investment Counsel Inc. PA (2.36%) and Bank of New York Mellon Corp (1.76%). 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 institutional investors are selling Nextera Energy Partners stock?
NEP stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Millennium Management LLC, Bank of America Corp DE, Bank of New York Mellon Corp, Kayne Anderson Capital Advisors LP, BlackRock Inc., Massachusetts Financial Services Co. MA and Lehman Financial Resources Inc.. View Insider Buying and Selling for Nextera Energy Partners.
Which institutional investors are buying Nextera Energy Partners stock?
NEP stock was bought by a variety of institutional investors in the last quarter, including Raymond James & Associates, CHURCHILL MANAGEMENT Corp, Bank of Montreal Can, Renaissance Technologies LLC, Wells Fargo & Company MN, Jennison Associates LLC, TD Asset Management Inc. and Natixis. 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 $47.62.
How big of a company is Nextera Energy Partners?
Nextera Energy Partners has a market capitalization of $2.56 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 (NYSE 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.
