NextEra Energy Partners (NEP) Stock Price, News & Analysis

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy Partners in the last twelve months. There are currently 10 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NEP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NEP, but not buy additional shares or sell existing shares.
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15 analysts have issued 1 year price targets for NextEra Energy Partners' shares. Their NEP share price targets range from $20.00 to $81.00. On average, they anticipate the company's stock price to reach $43.88 in the next year. This suggests a possible upside of 62.1% from the stock's current price.
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NextEra Energy Partners' stock was trading at $30.41 on January 1st, 2024. Since then, NEP shares have decreased by 11.0% and is now trading at $27.07.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
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NextEra Energy Partners will be holding an earnings conference call on Tuesday, April 23rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

NextEra Energy Partners, LP (NYSE:NEP) announced its earnings results on Thursday, January, 25th. The solar energy provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.38. The solar energy provider earned $232 million during the quarter, compared to analyst estimates of $360.03 million. NextEra Energy Partners had a negative trailing twelve-month return on equity of 1.06% and a net margin of 16.00%.

NextEra Energy Partners announced a quarterly dividend on Wednesday, January 24th. Shareholders of record on Tuesday, February 6th will be paid a dividend of $0.88 per share on Wednesday, February 14th. This represents a $3.52 dividend on an annualized basis and a yield of 13.00%. The ex-dividend date is Monday, February 5th. This is a positive change from the stock's previous quarterly dividend of $0.87.
Read our dividend analysis for NEP.

NextEra Energy Partners (NYSE:NEP) pays an annual dividend of $3.52 per share and currently has a dividend yield of 13.04%. NEP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 165.26%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, NEP will have a dividend payout ratio of 348.51% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for NEP.

ETFs with the largest weight of NextEra Energy Partners (NYSE:NEP) stock in their portfolio include BNY Mellon Global Infrastructure Income ETF (BKGI), Gabelli Love Our Planet & People ETF (LOPP), ALPS Clean Energy ETF (ACES), ClearBridge Sustainable Infrastructure ETF (INFR), First Trust EIP Carbon Impact ETF (ECLN), Goldman Sachs ETF Trust Goldman (GPOW), First Trust North American Energy Infrastructure Fund (EMLP) and Global X Renewable Energy Producers ETF (RNRG).

Based on aggregate information from My MarketBeat watchlists, some companies that other NextEra Energy Partners investors own include Xtrackers California Municipal Bond ETF (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Hawkins (HWKN), Athabasca Oil (ATH), Och-Ziff Capital Management Group (OZM), Precision Drilling (PD) and Transocean (RIG).

NextEra Energy Partners' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Walnut Private Equity Partners LLC (0.14%), Miller Howard Investments Inc. NY (0.06%), Ervin Investment Management LLC (0.03%), Brown Miller Wealth Management LLC (0.02%), &PARTNERS (0.01%) and Counterpoint Mutual Funds LLC (0.01%).
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Shares of NEP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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