What is Zacks Research's Estimate for NEP FY2024 Earnings?

NextEra Energy Partners, LP (NYSE:NEP - Free Report) - Analysts at Zacks Research raised their FY2024 earnings per share estimates for shares of NextEra Energy Partners in a research note issued to investors on Tuesday, January 14th. Zacks Research analyst J. Saha now expects that the solar energy provider will post earnings per share of $1.35 for the year, up from their prior forecast of $1.27. The consensus estimate for NextEra Energy Partners' current full-year earnings is $2.04 per share. Zacks Research also issued estimates for NextEra Energy Partners' Q1 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.54 EPS, FY2025 earnings at $1.49 EPS, Q1 2026 earnings at $0.21 EPS, Q2 2026 earnings at $0.37 EPS, Q4 2026 earnings at $0.50 EPS and FY2026 earnings at $1.50 EPS.

NEP has been the topic of several other reports. UBS Group cut their target price on shares of NextEra Energy Partners from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Monday, September 30th. Barclays reissued an "underweight" rating and set a $25.00 price target on shares of NextEra Energy Partners in a research report on Friday, October 4th. Guggenheim downgraded NextEra Energy Partners from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $37.00 to $22.00 in a research note on Monday, October 28th. Mizuho lowered their target price on NextEra Energy Partners from $33.00 to $26.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group dropped their target price on NextEra Energy Partners from $28.00 to $27.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $24.64.

NextEra Energy Partners Trading Up 0.6 %

Shares of NYSE:NEP traded up $0.11 during mid-day trading on Thursday, hitting $16.88. The stock had a trading volume of 1,358,436 shares, compared to its average volume of 1,353,334. The company's 50 day moving average is $17.54 and its 200-day moving average is $22.49. NextEra Energy Partners has a 12-month low of $15.55 and a 12-month 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. The company has a market cap of $1.58 billion, a PE ratio of 7.74 and a beta of 1.06.

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

NextEra Energy Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Wednesday, November 6th were given a $0.9175 dividend. This represents a $3.67 annualized dividend and a yield of 21.75%. This is an increase from NextEra Energy Partners's previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, November 6th. NextEra Energy Partners's payout ratio is currently 168.35%.

Institutional Investors Weigh In On NextEra Energy Partners

Several institutional investors and hedge funds have recently modified their holdings of the business. M&G PLC increased its position in NextEra Energy Partners by 19.3% during the third quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider's stock worth $85,738,000 after buying an additional 496,383 shares during the last quarter. Redwood Grove Capital LLC increased its holdings in shares of NextEra Energy Partners by 19.7% during the 3rd quarter. Redwood Grove Capital LLC now owns 982,235 shares of the solar energy provider's stock valued at $27,129,000 after acquiring an additional 161,436 shares during the last quarter. abrdn plc increased its holdings in shares of NextEra Energy Partners by 6.2% during the 3rd quarter. abrdn plc now owns 850,200 shares of the solar energy provider's stock valued at $23,483,000 after acquiring an additional 49,400 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of NextEra Energy Partners by 8.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 630,588 shares of the solar energy provider's stock valued at $17,417,000 after acquiring an additional 46,728 shares in the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in NextEra Energy Partners in the 3rd quarter worth approximately $16,186,000. Institutional investors and hedge funds own 66.01% of the company's stock.

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.