2 weeks Ago By Defense World Staff
Shares of NextEra Energy Partners, LP ( NYSE:NEP – Get Free Report ) have been assigned a consensus rating of “Hold” from the sixteen research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $26.
69. A number of brokerages have weighed in on NEP. BMO Capital Markets decreased their price target on shares of NextEra Energy Partners from $28.
00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. UBS Group lowered their price target on NextEra Energy Partners from $28.
00 to $27.00 and set a “neutral” rating for the company in a research report on Monday, September 30th. Jefferies Financial Group cut their price objective 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. Evercore ISI decreased their target price on NextEra Energy Partners from $32.
00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co.
upgraded shares of NextEra Energy Partners from an “underweight” rating to a “neutral” rating and cut their price target for the company from $25.00 to $22.00 in a report on Thursday, October 24th.
Read Our Latest Research Report on NEP Institutional Investors Weigh In On NextEra Energy Partners NextEra Energy Partners Stock Performance NextEra Energy Partners stock opened at $16.78 on Friday. The stock has a fifty day moving average price of $22.
55 and a 200 day moving average price of $26.18. NextEra Energy Partners has a 52 week low of $15.
55 and a 52 week high of $35.15. The firm has a market capitalization of $1.
57 billion, a P/E ratio of 7.70 and a beta of 1.10.
The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.
37. 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).
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 analyst estimates of $332.25 million.
During the same period in the prior year, the company earned $0.57 EPS. The company’s revenue was up 3.
6% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy Partners will post 1.36 earnings per share for the current year.
NextEra Energy Partners Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Wednesday, November 6th were paid a $0.9175 dividend.
This is a boost from NextEra Energy Partners’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, November 6th.
This represents a $3.67 annualized dividend and a dividend yield of 21.87%.
NextEra Energy Partners’s payout ratio is 168.35%. About NextEra Energy Partners ( Get Free Report 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.
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