Zacks Research Issues Optimistic Forecast for NEP Earnings

NextEra Energy Partners, LP (NYSE:NEP) – Equities researchers at Zacks Research increased their Q4 2024 earnings per share (EPS) estimates for shares of NextEra Energy Partners in a research note issued to investors on Tuesday, January 14th. Zacks Research analyst J. Saha now anticipates that the solar energy provider will earn $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 posted its quarterly earnings results on Wednesday, October 23rd. The solar energy provider reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.94). The company had revenue of $319.00 million during the quarter, compared to analyst estimates of $332.25 million. NextEra Energy Partners had a net margin of 17.47% and a negative return on equity of 1.07%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS.

Several other analysts also recently commented on the company. Scotiabank dropped their price objective on NextEra Energy Partners from $26.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Thursday, December 12th. CIBC dropped their price target on NextEra Energy Partners from $26.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley raised NextEra Energy Partners from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a research note on Monday, December 2nd. Jefferies Financial Group dropped their price target on NextEra Energy Partners from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised NextEra Energy Partners from an “underweight” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $22.00 in a research note on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.64.

NextEra Energy Partners Stock Performance

Shares of NextEra Energy Partners stock opened at $16.77 on Wednesday. The company has a market capitalization of $1.57 billion, a PE ratio of 7.69 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. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $17.57 and its 200 day simple moving average is $22.53.

NextEra Energy Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Wednesday, November 6th were given a dividend of $0.9175 per share. The ex-dividend date was Wednesday, November 6th. This is an increase from NextEra Energy Partners’s previous quarterly dividend of $0.91. This represents a $3.67 annualized dividend and a yield of 21.88%. NextEra Energy Partners’s dividend payout ratio (DPR) is 168.35%.

Institutional Investors Weigh In On NextEra Energy Partners

Hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in NextEra Energy Partners by 150.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,665 shares of the solar energy provider’s stock worth $46,000 after acquiring an additional 1,000 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in NextEra Energy Partners during the second quarter worth approximately $51,000. Eastern Bank acquired a new stake in NextEra Energy Partners during the third quarter worth approximately $57,000. McIlrath & Eck LLC acquired a new stake in shares of NextEra Energy Partners in the third quarter valued at approximately $63,000. Finally, Central Pacific Bank Trust Division raised its position in shares of NextEra Energy Partners by 153.1% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock valued at $110,000 after buying an additional 3,750 shares in the last quarter. 66.01% of the stock is currently owned by institutional investors and hedge funds.

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.