NextEra Energy Partners (NYSE:NEP) released its earnings results on Monday. The solar energy provider reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.55, MarketWatch Earnings reports. The firm had revenue of $212.00 million for the quarter, compared to analyst estimates of $352.54 million. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS.
NYSE NEP traded down $4.17 on Wednesday, reaching $76.75. The company’s stock had a trading volume of 1,427,061 shares, compared to its average volume of 1,249,483. The firm has a market cap of $5.60 billion, a PE ratio of -53.30, a price-to-earnings-growth ratio of 1.54 and a beta of 0.83. The business has a 50-day moving average price of $72.67 and a 200 day moving average price of $64.51. NextEra Energy Partners has a 52 week low of $29.01 and a 52 week high of $88.29. The company has a current ratio of 1.32, a quick ratio of 1.25 and a debt-to-equity ratio of 0.59.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 12th. Investors of record on Friday, February 5th will be paid a $0.615 dividend. The ex-dividend date of this dividend is Thursday, February 4th. This represents a $2.46 dividend on an annualized basis and a yield of 3.21%. This is a boost from NextEra Energy Partners’s previous quarterly dividend of $0.60. NextEra Energy Partners’s payout ratio is presently -157.62%.
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 and solar projects, as well as contracted natural gas pipeline assets. The company was founded in 2014 and is headquartered in Juno Beach, Florida.
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