NextEra Energy Partners, LP (NYSE:NEP) – Equities research analysts at Oppenheimer Holdings dropped their FY2017 earnings estimates for NextEra Energy Partners, in a report issued on Thursday. Oppenheimer Holdings analyst C. Rusch now anticipates that the solar energy provider will earn $0.49 per share for the year, down from their prior estimate of $0.98. Oppenheimer Holdings also issued estimates for NextEra Energy Partners,’s Q4 2017 earnings at $0.01 EPS, FY2018 earnings at $1.21 EPS, FY2019 earnings at $2.20 EPS and FY2020 earnings at $3.26 EPS.
A number of other brokerages have also issued reports on NEP. Royal Bank Of Canada reissued a “hold” rating and issued a $38.00 price objective (up previously from $34.00) on shares of NextEra Energy Partners, in a report on Friday, July 7th. J P Morgan Chase & Co dropped their price objective on shares of NextEra Energy Partners, from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 12th. TheStreet lowered shares of NextEra Energy Partners, from a “b” rating to a “c+” rating in a report on Thursday, October 26th. Bank of America Corporation reissued an “underperform” rating and issued a $35.00 price objective on shares of NextEra Energy Partners, in a report on Tuesday, October 24th. Finally, BidaskClub lowered shares of NextEra Energy Partners, from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $38.64.
NextEra Energy Partners, (NYSE NEP) opened at 39.34 on Monday. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 21.66 and a beta of 1.24. NextEra Energy Partners, has a 1-year low of $23.90 and a 1-year high of $44.00. The company has a 50-day moving average of $41.18 and a 200-day moving average of $38.02.
NextEra Energy Partners, (NYSE:NEP) last released its quarterly earnings data on Thursday, October 26th. The solar energy provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.36). NextEra Energy Partners, had a net margin of 10.38% and a return on equity of 3.55%. The business had revenue of $177.00 million during the quarter, compared to analysts’ expectations of $243.16 million.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th will be given a $0.3925 dividend. The ex-dividend date is Friday, November 3rd. This represents a $1.57 dividend on an annualized basis and a yield of 3.99%. This is a boost from NextEra Energy Partners,’s previous quarterly dividend of $0.38. NextEra Energy Partners,’s dividend payout ratio is presently 110.15%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in NextEra Energy Partners, by 10.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the solar energy provider’s stock valued at $117,000 after buying an additional 298 shares during the last quarter. US Bancorp DE lifted its position in NextEra Energy Partners, by 2,000.0% in the second quarter. US Bancorp DE now owns 4,200 shares of the solar energy provider’s stock valued at $155,000 after buying an additional 4,000 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in NextEra Energy Partners, by 14.3% in the second quarter. BNP Paribas Arbitrage SA now owns 4,800 shares of the solar energy provider’s stock valued at $178,000 after buying an additional 600 shares during the last quarter. RiverPoint Capital Management LLC acquired a new position in NextEra Energy Partners, in the second quarter valued at about $213,000. Finally, Gilman Hill Asset Management LLC acquired a new stake in shares of NextEra Energy Partners, during the second quarter worth about $259,000. 83.37% of the stock is currently owned by institutional investors.
About NextEra Energy Partners,
Nextera Energy Partners, LP is a limited partnership formed to acquire, manage and own contracted clean energy projects. The Company, through its limited partnership interest in NextEra Energy Operating Partners, LP (NEP OpCo), owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets.
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