Zacks Research Has Positive Forecast for NEP Q4 Earnings

NextEra Energy Partners, LP (NYSE:NEP) – Research analysts at Zacks Research boosted their Q4 2024 EPS estimates for NextEra Energy Partners in a research report issued on Tuesday, January 14th. Zacks Research analyst J. Saha now expects that the solar energy provider will earn $0.37 per share for the quarter, up from their previous estimate 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.

NextEra Energy Partners (NYSE:NEP) last released its quarterly earnings results 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 negative return on equity of 1.07% and a net margin of 17.47%. The business had revenue of $319.00 million for the quarter, compared to the consensus estimate of $332.25 million. During the same quarter last year, the company earned $0.57 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis.

A number of other brokerages have also commented on NEP. Morgan Stanley raised shares of NextEra Energy Partners from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a report on Monday, December 2nd. Mizuho decreased their price target on shares of 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. Scotiabank dropped their price objective on shares of NextEra Energy Partners from $26.00 to $15.00 and set a “sector perform” rating for the company in a research report on Thursday, December 12th. CIBC reduced their price objective on NextEra Energy Partners from $26.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $18.00 target price (down from $26.00) on shares of NextEra Energy Partners in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, NextEra Energy Partners has a consensus rating of “Hold” and a consensus target price of $24.64.

NextEra Energy Partners Price Performance

Shares of NEP stock opened at $16.82 on Wednesday. The stock’s fifty day moving average is $17.60 and its 200-day moving average is $22.57. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. NextEra Energy Partners has a 52 week low of $15.55 and a 52 week high of $35.15. The stock has a market capitalization of $1.57 billion, a PE ratio of 7.72 and a beta of 1.06.

NextEra Energy Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Wednesday, November 6th were given a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a dividend yield of 21.82%. This is an increase from NextEra Energy Partners’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, November 6th. NextEra Energy Partners’s dividend payout ratio (DPR) is currently 168.35%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in NextEra Energy Partners by 150.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,665 shares of the solar energy provider’s stock worth $46,000 after acquiring an additional 1,000 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of NextEra Energy Partners during the second quarter worth about $51,000. Eastern Bank bought a new position in shares of NextEra Energy Partners during the 3rd quarter valued at about $57,000. McIlrath & Eck LLC acquired a new position in shares of NextEra Energy Partners in the 3rd quarter valued at approximately $63,000. Finally, Central Pacific Bank Trust Division increased its stake in NextEra Energy Partners by 153.1% during the 4th quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock worth $110,000 after purchasing an additional 3,750 shares in the last quarter. 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.