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 Ratio68.88
Forward P/E Ratio25.75
P/E Growth2.77
Sales & Book Value
Annual Sales$807 million
Price / Sales3.15
Cash Flow$4.9798 per share
Price / Cash9.41
Book Value$30.57 per share
Price / Book1.53
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 announced a quarterly dividend on Wednesday, April 25th. Stockholders of record on Monday, May 7th will be given a dividend of $0.42 per share on Tuesday, May 15th. This represents a $1.68 annualized dividend and a dividend yield of 3.59%. 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 LP (NYSE:NEP) released its earnings results on Tuesday, April, 24th. The solar energy provider reported $1.21 EPS for the quarter, beating the Zacks' consensus estimate of $0.40 by $0.81. The solar energy provider had revenue of $212 million for the quarter, compared to the consensus estimate of $273.98 million. Nextera Energy Partners had a positive return on equity of 4.38% and a negative net margin of 0.51%. View Nextera Energy Partners' Earnings History.
When is Nextera Energy Partners' next earnings date?
What price target have analysts set for NEP?
9 analysts have issued twelve-month price targets for Nextera Energy Partners' shares. Their forecasts range from $39.00 to $47.00. On average, they anticipate Nextera Energy Partners' share price to reach $43.2222 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 NRG Energy (NRG), Pinnacle West Capital (PNW), OGE Energy (OGE), Great Plains Energy (GXP), CPFL Energia (CPL), Enel Generacion Chile (EOCC), ENGIE BRASIL EN/S (EGIEY), Brookfield Renewable Partners (BEP), Enel Chile (ENIC), CENTRAIS ELETRI/S (EBR), IDACORP (IDA), Algonquin Power & Utilities (AQN), Portland General Electric (POR), Hawaiian Electric Industries (HE) and Black Hills (BKH).
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 M. Finnis, Director, Investor Relations
Has Nextera Energy Partners been receiving favorable news coverage?
Press coverage about NEP stock has trended somewhat positive recently, according to Accern. The research firm rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nextera Energy Partners earned a news sentiment score of 0.08 on Accern's scale. They also gave media coverage about the solar energy provider an impact score of 45.95 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Nextera Energy Partners' major shareholders?
Nextera Energy Partners' stock is owned by a variety of of institutional and retail investors. Top institutional investors 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 $46.86.
How big of a company is Nextera Energy Partners?
Nextera Energy Partners has a market capitalization of $2.47 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.
