NextEra Energy Partners (NEP) Projected to Post Quarterly Earnings on Thursday

NextEra Energy Partners (NYSE:NEP) is expected to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect NextEra Energy Partners to post earnings of $0.79 per share and revenue of $329,970.00 billion for the quarter.

NextEra Energy Partners (NYSE:NEP) last posted its earnings results on Wednesday, October 23rd. The solar energy provider reported ($0.43) 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 for the quarter, compared to analysts’ expectations of $332.25 million. During the same period in the previous year, the company earned $0.57 EPS. The company’s revenue was up 3.6% on a year-over-year basis. On average, analysts expect NextEra Energy Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NextEra Energy Partners Price Performance

NYSE NEP opened at $16.77 on Thursday. The firm’s fifty day simple moving average is $17.57 and its two-hundred day simple moving average is $22.53. The firm has a market capitalization of $1.57 billion, a P/E ratio of 7.69 and a beta of 1.06. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. NextEra Energy Partners has a 12-month low of $15.55 and a 12-month high of $35.15.

NextEra Energy Partners Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Mizuho decreased their price target on NextEra Energy Partners from $33.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $18.00 price objective (down from $26.00) on shares of NextEra Energy Partners in a research report on Monday. CIBC dropped their target price on shares of NextEra Energy Partners from $26.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley raised shares of NextEra Energy Partners from an “equal weight” rating to an “overweight” rating and set a $22.00 price target for the company in a report on Monday, December 2nd. Finally, Jefferies Financial Group lowered their price objective on shares of NextEra Energy Partners from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy Partners has a consensus rating of “Hold” and a consensus target price of $24.64.

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.