What is Zacks Research's Forecast for NEP Q4 Earnings?

NextEra Energy Partners, LP (NYSE:NEP - Free Report) - Analysts at Zacks Research increased their Q4 2024 EPS estimates for shares of NextEra Energy Partners in a research report issued on Tuesday, January 14th. Zacks Research analyst J. Saha now forecasts that the solar energy provider will post earnings per share of $0.37 for the quarter, up from their previous forecast of $0.29. The consensus estimate for NextEra Energy Partners' current full-year earnings is $1.96 per share. Zacks Research also issued estimates for NextEra Energy Partners' Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.33 EPS and Q3 2026 earnings at $0.41 EPS.

A number of other equities analysts also recently issued reports on the stock. BNP Paribas began coverage on shares of NextEra Energy Partners in a research note on Tuesday, October 1st. They set an "underperform" rating and a $15.00 price objective on the stock. BMO Capital Markets reiterated a "market perform" rating and issued a $18.00 price target (down from $26.00) on shares of NextEra Energy Partners in a report on Monday. Barclays restated an "underweight" rating and set a $25.00 price objective on shares of NextEra Energy Partners in a research note on Friday, October 4th. Guggenheim downgraded shares of NextEra Energy Partners from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $37.00 to $22.00 in a report on Monday, October 28th. Finally, Evercore ISI lowered their price target on shares of NextEra Energy Partners from $32.00 to $30.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, NextEra Energy Partners presently has an average rating of "Hold" and an average price target of $24.64.

NextEra Energy Partners Stock Down 0.1 %

Shares of NEP stock traded down $0.02 on Wednesday, hitting $16.77. The stock had a trading volume of 1,593,998 shares, compared to its average volume of 1,352,435. The company has a quick ratio of 1.78, a current ratio of 2.02 and a debt-to-equity ratio of 0.37. The company has a market cap of $1.57 billion, a PE ratio of 7.69 and a beta of 1.06. The business has a 50 day moving average price of $17.60 and a 200 day moving average price of $22.57. NextEra Energy Partners has a one year low of $15.55 and a one year high of $35.15.

NextEra Energy Partners (NYSE:NEP - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The solar energy provider reported ($0.43) earnings per share 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 company had revenue of $319.00 million for the quarter, compared to the consensus estimate of $332.25 million. During the same period in the prior year, the firm posted $0.57 EPS. The business's revenue was up 3.6% on a year-over-year basis.

Institutional Investors Weigh In On NextEra Energy Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in NEP. M&G PLC boosted its holdings 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 in the last quarter. Redwood Grove Capital LLC increased its stake in shares of NextEra Energy Partners by 19.7% in 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 purchasing an additional 161,436 shares in the last quarter. abrdn plc raised its holdings in NextEra Energy Partners by 6.2% in the 3rd quarter. abrdn plc now owns 850,200 shares of the solar energy provider's stock worth $23,483,000 after purchasing an additional 49,400 shares during the period. Rockefeller Capital Management L.P. boosted its position in NextEra Energy Partners by 8.0% during the third quarter. Rockefeller Capital Management L.P. now owns 630,588 shares of the solar energy provider's stock worth $17,417,000 after purchasing an additional 46,728 shares in the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in NextEra Energy Partners in the third quarter valued at approximately $16,186,000. Institutional investors and hedge funds own 66.01% of the company's stock.

NextEra Energy Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Wednesday, November 6th were issued a $0.9175 dividend. The ex-dividend date was Wednesday, November 6th. This is an increase from NextEra Energy Partners's previous quarterly dividend of $0.91. This represents a $3.67 dividend on an annualized basis and a yield of 21.88%. NextEra Energy Partners's payout ratio is presently 168.35%.

NextEra Energy Partners Company Profile

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.