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

NextEra Energy Partners (NYSE:NEP - Get Free Report) is expected to be posting its quarterly earnings results 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 - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The solar energy provider reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $332.25 million. During the same period in the prior year, the company earned $0.57 EPS. The business's quarterly revenue was up 3.6% compared to the same quarter last year. 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 Trading Down 0.1 %

Shares of NYSE NEP opened at $16.77 on Thursday. The firm has a 50 day moving average price of $17.57 and a two-hundred day moving average price of $22.53. The stock has a market cap of $1.57 billion, a P/E ratio of 7.69 and a beta of 1.06. NextEra Energy Partners has a 52-week low of $15.55 and a 52-week high of $35.15. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Wednesday, November 6th were issued a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a yield of 21.88%. 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. NextEra Energy Partners's dividend payout ratio is presently 168.35%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Scotiabank reduced their price target on NextEra Energy Partners from $26.00 to $15.00 and set a "sector perform" rating on the stock in a research report on Thursday, December 12th. BMO Capital Markets reissued a "market perform" rating and set a $18.00 target price (down previously from $26.00) on shares of NextEra Energy Partners in a research report on Monday. Guggenheim lowered shares of NextEra Energy Partners from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $37.00 to $22.00 in a report on Monday, October 28th. Morgan Stanley upgraded shares of NextEra Energy Partners from an "equal weight" rating to an "overweight" rating and set a $22.00 price objective for the company in a research report on Monday, December 2nd. Finally, Jefferies Financial Group cut their price target on shares of NextEra Energy Partners from $28.00 to $27.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Three investment 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. According to MarketBeat.com, the stock has an average 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.