Zacks Research Issues Positive Estimate for NEP Earnings

NextEra Energy Partners, LP (NYSE:NEP) – Zacks Research boosted their Q4 2024 earnings per share estimates for NextEra Energy Partners in a report issued on Tuesday, January 14th. Zacks Research analyst J. Saha now expects that the solar energy provider will post earnings of $0.37 per share for the quarter, up from their prior forecast of $0.29. The consensus estimate for NextEra Energy Partners’ current full-year earnings is $1.96 per share. Zacks Research also issued estimates for NextEra Energy Partners’ Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.33 EPS and Q3 2026 earnings at $0.41 EPS.

NextEra Energy Partners (NYSE:NEP) last announced its earnings results on Wednesday, October 23rd. The solar energy provider reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.94). NextEra Energy Partners had a net margin of 17.47% and a negative return on equity of 1.07%. The firm had revenue of $319.00 million during the quarter, compared to analyst estimates of $332.25 million. During the same period in the prior year, the business posted $0.57 EPS. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year.

Several other equities research analysts have also issued reports on NEP. UBS Group lowered their price target on shares of NextEra Energy Partners from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, September 30th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $18.00 target price (down previously from $26.00) on shares of NextEra Energy Partners in a research report on Monday. Morgan Stanley upgraded NextEra Energy Partners from an “equal weight” rating to an “overweight” rating and set a $22.00 target price on the stock in a report on Monday, December 2nd. Evercore ISI decreased their price target on NextEra Energy Partners from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, BNP Paribas initiated coverage on NextEra Energy Partners in a research note on Tuesday, October 1st. They set an “underperform” rating and a $15.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.64.

NextEra Energy Partners Price Performance

NYSE NEP opened at $16.82 on Wednesday. The firm’s 50 day moving average is $17.60 and its 200-day moving average is $22.57. The company has a quick ratio of 1.78, a current ratio of 2.02 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $1.57 billion, a PE ratio of 7.72 and a beta of 1.06. NextEra Energy Partners has a 12-month low of $15.55 and a 12-month high of $35.15.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NEP. Thrivent Financial for Lutherans acquired a new position in shares of NextEra Energy Partners in the third quarter valued at approximately $16,186,000. Two Sigma Advisers LP acquired a new stake in shares of NextEra Energy Partners during the third quarter worth $15,310,000. M&G PLC boosted its position in shares of NextEra Energy Partners by 19.3% in the third quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider’s stock valued at $85,738,000 after acquiring an additional 496,383 shares during the period. Fred Alger Management LLC acquired a new position in shares of NextEra Energy Partners in the second quarter valued at about $5,452,000. Finally, Redwood Grove Capital LLC grew its stake in shares of NextEra Energy Partners by 19.7% in the third quarter. Redwood Grove Capital LLC now owns 982,235 shares of the solar energy provider’s stock valued at $27,129,000 after acquiring an additional 161,436 shares in the last quarter. 66.01% of the stock is owned by institutional investors.

NextEra Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Wednesday, November 6th were issued a dividend of $0.9175 per share. This is an increase from NextEra Energy Partners’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, November 6th. This represents a $3.67 annualized dividend and a dividend yield of 21.82%. NextEra Energy Partners’s payout ratio is presently 168.35%.

About NextEra Energy Partners

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.