FY2026 Earnings Forecast for NEP Issued By Scotiabank

NextEra Energy Partners, LP (NYSE:NEP - Free Report) - Research analysts at Scotiabank issued their FY2026 earnings estimates for shares of NextEra Energy Partners in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst A. Weisel expects that the solar energy provider will earn $3.03 per share for the year. Scotiabank currently has a "Sector Perform" rating and a $15.00 target price on the stock. The consensus estimate for NextEra Energy Partners' current full-year earnings is $1.96 per share.

Several other equities research analysts also recently commented on the stock. Jefferies Financial Group reduced their target price on shares of 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. Mizuho lowered their target price 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. UBS Group reduced their price objective on NextEra Energy Partners from $28.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, September 30th. Guggenheim cut shares of NextEra Energy Partners from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $37.00 to $22.00 in a research note on Monday, October 28th. Finally, CIBC dropped their target price on shares of NextEra Energy Partners from $26.00 to $21.00 and set a "neutral" rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, NextEra Energy Partners has an average rating of "Hold" and a consensus price target of $25.21.

NextEra Energy Partners Price Performance

Shares of NEP stock traded down $0.15 during mid-day trading on Friday, reaching $18.11. The company's stock had a trading volume of 953,163 shares, compared to its average volume of 1,122,377. The company has a market cap of $1.69 billion, a P/E ratio of 8.31 and a beta of 1.06. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. NextEra Energy Partners has a 1-year low of $15.55 and a 1-year high of $35.15. The firm's 50-day moving average is $17.76 and its two-hundred day moving average is $22.87.

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

NextEra Energy Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Wednesday, November 6th were paid a $0.9175 dividend. This is an increase 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 annualized dividend and a dividend yield of 20.27%. NextEra Energy Partners's dividend payout ratio (DPR) is currently 168.35%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NEP. Northwestern Mutual Wealth Management Co. grew its stake in shares of NextEra Energy Partners by 150.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,665 shares of the solar energy provider's stock valued at $46,000 after buying an additional 1,000 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in NextEra Energy Partners in the 2nd quarter valued at about $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 during the 3rd quarter worth $63,000. Finally, Central Pacific Bank Trust Division increased its holdings in NextEra Energy Partners by 153.1% in the 4th 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 during the period. 66.01% of the stock is owned by institutional investors and hedge funds.

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.