NextEra Energy Partners (NEP) Set to Announce Earnings on Thursday

NextEra Energy Partners (NYSE:NEPGet Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, April 21st. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

NextEra Energy Partners (NYSE:NEPGet Rating) last announced its earnings results on Tuesday, January 25th. The solar energy provider reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.57). The company had revenue of $232.00 million for the quarter, compared to analyst estimates of $358.81 million. NextEra Energy Partners had a return on equity of 2.37% and a net margin of 21.57%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. On average, analysts expect NextEra Energy Partners to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NEP opened at $77.69 on Thursday. The firm has a market cap of $6.52 billion, a P/E ratio of 42.92, a PEG ratio of 0.94 and a beta of 0.82. NextEra Energy Partners has a 12 month low of $63.59 and a 12 month high of $88.80. The stock’s 50-day moving average is $78.10. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.12 and a quick ratio of 1.09.

The business also recently announced a quarterly dividend, which was paid on Monday, February 14th. Shareholders of record on Friday, February 4th were issued a dividend of $0.7075 per share. The ex-dividend date of this dividend was Thursday, February 3rd. This is an increase from NextEra Energy Partners’s previous quarterly dividend of $0.69. This represents a $2.83 annualized dividend and a yield of 3.64%. NextEra Energy Partners’s payout ratio is presently 156.35%.

A number of research analysts have recently issued reports on the company. StockNews.com raised NextEra Energy Partners from a “sell” rating to a “hold” rating in a research note on Sunday, April 3rd. Zacks Investment Research raised NextEra Energy Partners from a “hold” rating to a “strong-buy” rating and set a $91.00 price objective on the stock in a research note on Thursday, January 6th. Wells Fargo & Company dropped their price objective on NextEra Energy Partners from $96.00 to $93.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 26th. Raymond James downgraded NextEra Energy Partners from a “market perform” rating to an “underperform” rating in a research note on Tuesday, April 5th. Finally, Royal Bank of Canada boosted their price objective on NextEra Energy Partners from $80.00 to $86.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, NextEra Energy Partners has an average rating of “Hold” and a consensus target price of $93.00.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in NextEra Energy Partners by 3,310.7% in the 4th quarter. BlackRock Inc. now owns 7,253,580 shares of the solar energy provider’s stock valued at $612,202,000 after buying an additional 7,040,908 shares in the last quarter. Vident Investment Advisory LLC increased its holdings in NextEra Energy Partners by 40.4% during the 4th quarter. Vident Investment Advisory LLC now owns 5,571 shares of the solar energy provider’s stock worth $470,000 after purchasing an additional 1,603 shares in the last quarter. Virtu Financial LLC bought a new stake in NextEra Energy Partners during the 4th quarter worth approximately $259,000. Toroso Investments LLC increased its holdings in NextEra Energy Partners by 11.1% during the 4th quarter. Toroso Investments LLC now owns 3,459 shares of the solar energy provider’s stock worth $292,000 after purchasing an additional 346 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in NextEra Energy Partners by 10.0% during the 4th quarter. Deutsche Bank AG now owns 145,219 shares of the solar energy provider’s stock worth $12,257,000 after purchasing an additional 13,260 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Partners Company Profile (Get Rating)

NextEra Energy Partners LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.

See Also

Earnings History for NextEra Energy Partners (NYSE:NEP)

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