NYSE:NEP

NextEra Energy Partners Stock Forecast, Price & News

$82.34

+0.76 (+0.93 %)

(As of 01/15/2021 12:00 AM ET)

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Today's Range

$80.57

Now: $82.34▼

$82.90

50-Day Range

$62.05

MA: $67.87▼

$81.94

52-Week Range

$29.01

Now: $82.34▼

$83.55

Volume1.05 million shs

Average Volume891,170 shs

Market Capitalization$6.01 billion

P/E RatioN/A

Dividend Yield2.92%

Beta0.83

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, as well as contracted natural gas pipeline assets. The company was founded in 2014 and is headquartered in Juno Beach, Florida.

MarketRank^™

Overall MarketRank^™

1.87 out of 5 stars

Oils/Energy Sector

58th out of 539 stocks

Electric Services Industry

22nd out of 71 stocks

2.4 Analyst's Opinion

Consensus Rating
NextEra Energy Partners has received a consensus rating of Buy. The company's average rating score is 2.77, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $68.58, NextEra Energy Partners has a forecasted downside of 16.7% from its current price of $82.34.
Amount of Analyst Coverage
NextEra Energy Partners has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.4 Community Rank

Outperform Votes
NextEra Energy Partners has received 354 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
NextEra Energy Partners has received 375 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
NextEra Energy Partners has received 51.44% “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.

1.7 Dividend Strength

Dividend Yield
NextEra Energy Partners pays a meaningful dividend of 2.92%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
NextEra Energy Partners has been increasing its dividend for 5 years.
Dividend Sustainability
Based on EPS estimates, NextEra Energy Partners will have a dividend payout ratio of 114.42% in the coming year. This indicates that NextEra Energy Partners may not be able to sustain their current dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NextEra Energy Partners insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.20% of the stock of NextEra Energy Partners is held by insiders.
Percentage Held by Institutions
81.00% 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.

1.3 Earnings and Valuation

Earnings Growth
Earnings for NextEra Energy Partners are expected to grow in the coming year, from ($1.17) to $2.08 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NextEra Energy Partners is -57.18, 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. Sector
The P/E ratio of NextEra Energy Partners is -57.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
NextEra Energy Partners has a PEG Ratio of 1.54. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
NextEra Energy Partners has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

Phone561-694-4000

EmployeesN/A

Debt

Debt-to-Equity Ratio0.59

Current Ratio1.32

Quick Ratio1.25

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E Growth1.54

Sales & Book Value

Annual Sales$855 million

Price / Sales7.03

Cash Flow$3.75 per share

Price / Cash Flow21.96

Book Value$113.16 per share

Price / Book0.73

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares73,000,000

Market Cap$6.01 billion

Next Earnings Date1/26/2021 (Confirmed)

OptionableOptionable

$82.34

+0.76 (+0.93 %)

(As of 01/15/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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NextEra Energy Partners (NYSE:NEP) Frequently Asked Questions

How has NextEra Energy Partners' stock price been impacted by Coronavirus?

NextEra Energy Partners' stock was trading at $53.56 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, NEP shares have increased by 53.7% and is now trading at $82.34.
View which stocks have been most impacted by COVID-19.

Is NextEra Energy Partners a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy Partners in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NextEra Energy Partners stock.
View analyst ratings for NextEra Energy Partners or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than NextEra Energy Partners?

Wall Street analysts have given NextEra Energy Partners a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but NextEra Energy Partners wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is NextEra Energy Partners' next earnings date?

NextEra Energy Partners is scheduled to release its next quarterly earnings announcement on Tuesday, January 26th 2021.
View our earnings forecast for NextEra Energy Partners.

How can I listen to NextEra Energy Partners' earnings call?

NextEra Energy Partners will be holding an earnings conference call on Tuesday, January 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were NextEra Energy Partners' earnings last quarter?

NextEra Energy Partners, LP (NYSE:NEP) released its quarterly earnings data on Wednesday, October, 21st. The solar energy provider reported $0.76 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.62 by $0.14. The solar energy provider earned $240 million during the quarter, compared to analysts' expectations of $330.08 million. During the same period in the previous year, the company posted $2.39 earnings per share.
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 Thursday, October 22nd. Shareholders of record on Thursday, November 5th will be paid a dividend of $0.595 per share on Friday, November 13th. This represents a $2.38 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Wednesday, November 4th. This is an increase from NextEra Energy Partners's previous quarterly dividend of $0.58.
View NextEra Energy Partners' dividend history.

Is NextEra Energy Partners a good dividend stock?

NextEra Energy Partners pays an annual dividend of $2.38 per share and currently has a dividend yield of 2.92%.
View NextEra Energy Partners' dividend history.

What price target have analysts set for NEP?

13 Wall Street analysts have issued 12-month target prices for NextEra Energy Partners' shares. Their forecasts range from $49.00 to $83.00. On average, they expect NextEra Energy Partners' stock price to reach $68.58 in the next twelve months. This suggests that the stock has a possible downside of 16.7%.
View analysts' price targets for NextEra Energy Partners or view Wall Street analyst' top-rated stocks.

Are investors shorting NextEra Energy Partners?

NextEra Energy Partners saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 1,020,000 shares, an increase of 327.9% from the December 15th total of 238,400 shares. Based on an average daily trading volume, of 485,100 shares, the days-to-cover ratio is currently 2.1 days.
View NextEra Energy Partners' Short Interest.

Who are some of NextEra Energy Partners' key competitors?

Some companies that are related to NextEra Energy Partners include EDP - Energias de Portugal (EDPFY), CLP (CLPHY), DTE Energy (DTE), PPL (PPL), SSE (SSEZY), Fortis (FTS), Entergy (ETR), FirstEnergy (FE), Korea Electric Power (KEP), Tenaga Nasional Berhad (TNABY), Avangrid (AGR), Brookfield Renewable Partners (BEP), CenterPoint Energy (CNP), Red Eléctrica Corporación (RDEIY) and Vistra (VST).
View all of NEP's 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 Co. (ATH.TO) (ATH), Och-Ziff Capital Management Group (OZM), Precision Drilling Co. (PD.TO) (PD) and Transocean (RIG).

Who are NextEra Energy Partners' key executives?

NextEra Energy Partners' management team includes the following people:

Mr. James L. Robo, Chairman & CEO (Age 57)
Mr. John W. Ketchum, Pres & Director (Age 49)
Ms. Rebecca J. Kujawa, CFO & Director (Age 44)
Mr. James Michael May, Controller & Chief Accounting Officer (Age 43)
Matthew Roskot, Director of Investor Relations
Mr. Charles E. Sieving, Gen. Counsel (Age 47)
Mr. Mark E. Hickson, Exec. VP of Strategy & Corp. Devel. and Director (Age 52)
Mr. Paul I. Cutler, Treasurer & Assistant Sec. (Age 60)
Mr. William Scott Seeley, Corp. Sec. of Nextera Energy Partners GP Inc

What is NextEra Energy Partners' stock symbol?

NextEra Energy Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEP."

Who are NextEra Energy Partners' major shareholders?

NextEra Energy Partners' stock is owned by a number of retail and institutional investors. Top institutional investors include A. D. Beadell Investment Counsel Inc. (0.20%), OneAscent Financial Services LLC (0.02%), Raymond James Trust N.A. (0.02%) and Kovack Advisors Inc. (0.01%). Company insiders that own NextEra Energy Partners stock include Peter H Kind and Robert J Byrne.
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 A. D. Beadell Investment Counsel Inc..
View insider buying and selling activity for NextEra Energy Partners or view top insider-selling stocks.

Which major investors are buying NextEra Energy Partners stock?

NEP stock was acquired by a variety of institutional investors in the last quarter, including Kovack Advisors Inc., OneAscent Financial Services LLC, and Raymond James Trust N.A.. Company insiders that have bought NextEra Energy Partners stock in the last two years include Peter H Kind, and Robert J Byrne.
View insider buying and selling activity for NextEra Energy Partners or or view top insider-buying stocks.

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 WeBull, 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 $82.34.

How big of a company is NextEra Energy Partners?

NextEra Energy Partners has a market capitalization of $6.01 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 1/17/2021 by MarketBeat.com Staff

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