NextEra Energy Partners (NEP) to Release Quarterly Earnings on Tuesday

NextEra Energy Partners (NYSE:NEP) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect NextEra Energy Partners to post earnings of $0.17 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

NextEra Energy Partners (NYSE:NEP) last released its quarterly earnings data on Thursday, January 25th. The solar energy provider reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.38). The company had revenue of $232.00 million during the quarter, compared to analyst estimates of $360.03 million. NextEra Energy Partners had a net margin of 16.00% and a negative return on equity of 1.06%. On average, analysts expect NextEra Energy Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NextEra Energy Partners Price Performance

Shares of NEP opened at $27.14 on Friday. The firm has a market capitalization of $2.54 billion, a PE ratio of 12.74 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.33 and a quick ratio of 1.28. The company’s 50-day moving average is $28.31 and its 200-day moving average is $27.19. NextEra Energy Partners has a fifty-two week low of $20.17 and a fifty-two week high of $64.43.

NextEra Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th were issued a $0.88 dividend. This is a boost from NextEra Energy Partners’s previous quarterly dividend of $0.87. This represents a $3.52 annualized dividend and a yield of 12.97%. The ex-dividend date of this dividend was Monday, February 5th. NextEra Energy Partners’s dividend payout ratio is currently 165.26%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. StockNews.com raised NextEra Energy Partners to a “sell” rating in a research report on Tuesday, March 19th. CIBC lowered NextEra Energy Partners from a “sector outperform” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a report on Tuesday, January 9th. Raymond James dropped their target price on NextEra Energy Partners from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, April 3rd. Barclays started coverage on shares of NextEra Energy Partners in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 target price for the company. Finally, Marathon Capitl reaffirmed an “equal weight” rating on shares of NextEra Energy Partners in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $43.88.

Institutional Investors Weigh In On NextEra Energy Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of NextEra Energy Partners by 2.8% during the 1st quarter. JPMorgan Chase & Co. now owns 29,854 shares of the solar energy provider’s stock worth $2,488,000 after buying an additional 800 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in NextEra Energy Partners by 43.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,474 shares of the solar energy provider’s stock worth $790,000 after acquiring an additional 2,858 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of NextEra Energy Partners by 123.8% in the first quarter. Private Advisor Group LLC now owns 5,466 shares of the solar energy provider’s stock worth $456,000 after acquiring an additional 3,024 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of NextEra Energy Partners by 8.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the solar energy provider’s stock valued at $406,000 after purchasing an additional 390 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of NextEra Energy Partners by 0.6% during the 1st quarter. Bank of Montreal Can now owns 65,199 shares of the solar energy provider’s stock valued at $5,488,000 after purchasing an additional 402 shares during the last quarter. 66.01% of the stock is currently owned by institutional investors.

NextEra Energy Partners Company Profile

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, solar, and battery storage projects. The company owns contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is based in Juno Beach, Florida.