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

Company Overview

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.

Key Stats

• Today's Range: $16.93 to $17.68
• 50-Day Range: $15.85 to $26.44
• 52-Week Range: $15.55 to $35.15
• Volume: 1.54 million shs
• Average Volume: 1.58 million shs
• Market Capitalization: $1.65 billion
• P/E Ratio: 8.08
• Dividend Yield: 20.84%
• Price Target: $26.00
• Consensus Rating: Hold

NextEra Energy Partners Stock Analysis - MarketRank™

NextEra Energy Partners scored higher than 77% of companies evaluated by MarketBeat, and ranked 87th out of 272 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.1 / 5
• Analyst Rating: Hold

Consensus Rating

NextEra Energy Partners has received a consensus rating of Hold. The company's average rating score is 2.12, and is based on 4 buy ratings, 11 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

NextEra Energy Partners has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -21.43%

Earnings Growth

Earnings for NextEra Energy Partners are expected to decrease by -21.43% in the coming year, from $1.96 to $1.54 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of NextEra Energy Partners is 8.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.41.

Price to Earnings Ratio vs. Sector

The P/E ratio of NextEra Energy Partners is 8.08, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.15.

Price to Book Value per Share Ratio

NextEra Energy Partners has a P/B Ratio of 0.12. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.05% of the outstanding shares of NextEra Energy Partners have been sold short.

Short Interest Ratio / Days to Cover

NextEra Energy Partners has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in NextEra Energy Partners has recently increased by 7.67%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

NextEra Energy Partners is a leading dividend payer. It pays a dividend yield of 20.79%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

NextEra Energy Partners does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of NextEra Energy Partners is 168.35%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, NextEra Energy Partners will have a dividend payout ratio of 238.31% in the coming year. This indicates that NextEra Energy Partners may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.05% of the outstanding shares of NextEra Energy Partners have been sold short.

Short Interest Ratio / Days to Cover

NextEra Energy Partners has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in NextEra Energy Partners has recently increased by 7.67%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.5 / 5
• News Sentiment: 0.72

News Sentiment

NextEra Energy Partners has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for NextEra Energy Partners this week, compared to 7 articles on an average week.

Search Interest

Only 42 people have searched for NEP on MarketBeat in the last 30 days. This is a decrease of -48% compared to the previous 30 days.

MarketBeat Follows

Only 17 people have added NextEra Energy Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -51% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, NextEra Energy Partners insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.14% of the stock of NextEra Energy Partners is held by insiders.

Percentage Held by Institutions

66.01% of the stock of NextEra Energy Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NEP Stock Analysis - Frequently Asked Questions

How have NEP shares performed this year?

NextEra Energy Partners' stock was trading at $30.41 on January 1st, 2024. Since then, NEP stock has decreased by 42.1% and is now trading at $17.61.
View the best growth stocks for 2024 here.

How were NextEra Energy Partners' earnings last quarter?

NextEra Energy Partners, LP (NYSE:NEP) released its quarterly earnings data on Wednesday, October, 23rd. The solar energy provider reported ($0.43) earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by $0.94. The firm's quarterly revenue was up 3.6% compared to the same quarter last year.

Who are NextEra Energy Partners' major shareholders?

NextEra Energy Partners' top institutional shareholders include FMR LLC (3.45%), M&G PLC (3.27%), Redwood Grove Capital LLC (1.05%) and abrdn plc (0.91%).
View institutional ownership trends.

How do I buy shares of NextEra Energy Partners?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of NextEra Energy Partners own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NextEra Energy Partners investors own include Xtrackers California Municipal Bond ETF (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Enterprise Products Partners (EPD), Chevron (CVX) and Hawkins (HWKN).

Company Calendar

• Last Earnings: 10/23/2024
• Ex-Dividend for 11/14 Dividend: 11/06/2024
• Dividend Payable: 11/14/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Electric services
• Sub-Industry: Utilities
• Current Symbol: NYSE:NEP
• CUSIP: N/A
• CIK: 1603145
• Web: www.nexteraenergy.com
• Phone: (561) 694-4000
• Fax: N/A
• Employees: N/A
• Year Founded: 2014

Price Target and Rating

• Average Stock Price Target: $26.00
• High Stock Price Target: $45.00
• Low Stock Price Target: $15.00
• Potential Upside/Downside: +47.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.12
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.18
• Trailing P/E Ratio: 8.08
• Forward P/E Ratio: 8.98
• P/E Growth: N/A
• Net Income: $200 million
• Net Margins: 17.47%
• Pretax Margin: -16.35%
• Return on Equity: -1.07%
• Return on Assets: -0.68%

Debt

• Debt-to-Equity Ratio: 0.37
• Current Ratio: 2.02
• Quick Ratio: 1.78

Sales & Book Value

• Annual Sales: $1.17 billion
• Price / Sales: 1.41
• Cash Flow: $4.06 per share
• Price / Cash Flow: 4.34
• Book Value: $150.50 per share
• Price / Book: 0.12

Miscellaneous

• Outstanding Shares: 93,534,000
• Free Float: 93,403,000
• Market Cap: $1.65 billion
• Optionable: Optionable
• Beta: 1.07