$0.33 Earnings Per Share Expected for NextEra Energy Partners, LP (NYSE:NEP) This Quarter

Equities analysts forecast that NextEra Energy Partners, LP (NYSE:NEP) will report earnings of $0.33 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for NextEra Energy Partners’ earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.61. NextEra Energy Partners posted earnings per share of ($3.39) during the same quarter last year, which would suggest a positive year-over-year growth rate of 109.7%. The company is expected to issue its next earnings results before the market opens on Wednesday, April 28th.

On average, analysts expect that NextEra Energy Partners will report full year earnings of $2.16 per share for the current fiscal year, with EPS estimates ranging from $1.19 to $2.97. For the next year, analysts anticipate that the business will report earnings of $2.44 per share, with EPS estimates ranging from $1.32 to $3.37. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for NextEra Energy Partners.

NextEra Energy Partners (NYSE:NEP) last issued its earnings results on Monday, January 25th. The solar energy provider reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.55. The company had revenue of $212.00 million for the quarter, compared to the consensus estimate of $352.54 million. During the same quarter last year, the business posted $0.50 EPS. NextEra Energy Partners’s quarterly revenue was up 2.9% on a year-over-year basis.

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on NextEra Energy Partners from $76.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, January 27th. Mizuho boosted their target price on NextEra Energy Partners from $57.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, January 11th. Morgan Stanley lowered their price target on NextEra Energy Partners from $79.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 16th. Credit Suisse Group boosted their price target on NextEra Energy Partners from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 27th. Finally, Raymond James boosted their price target on NextEra Energy Partners from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, January 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. NextEra Energy Partners presently has a consensus rating of “Buy” and an average target price of $72.92.

Hedge funds have recently made changes to their positions in the stock. Blackstone Group Inc acquired a new position in NextEra Energy Partners in the 3rd quarter worth about $57,308,000. Epoch Investment Partners Inc. acquired a new position in NextEra Energy Partners in the 4th quarter worth about $56,026,000. Premier Fund Managers Ltd increased its holdings in NextEra Energy Partners by 248.1% in the 4th quarter. Premier Fund Managers Ltd now owns 764,040 shares of the solar energy provider’s stock worth $50,664,000 after purchasing an additional 544,571 shares in the last quarter. First Trust Advisors LP increased its holdings in NextEra Energy Partners by 157.1% in the 4th quarter. First Trust Advisors LP now owns 552,435 shares of the solar energy provider’s stock worth $37,041,000 after purchasing an additional 337,588 shares in the last quarter. Finally, Strs Ohio acquired a new position in NextEra Energy Partners in the 3rd quarter worth about $17,328,000. Institutional investors and hedge funds own 81.00% of the company’s stock.

NYSE:NEP opened at $72.43 on Monday. NextEra Energy Partners has a fifty-two week low of $40.08 and a fifty-two week high of $88.29. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.25. The stock has a market capitalization of $5.50 billion, a PE ratio of -50.30, a price-to-earnings-growth ratio of 1.54 and a beta of 0.83. The business’s 50-day simple moving average is $72.84 and its 200-day simple moving average is $69.99.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 12th. Investors of record on Friday, February 5th were given a dividend of $0.615 per share. This is an increase from NextEra Energy Partners’s previous quarterly dividend of $0.60. This represents a $2.46 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Thursday, February 4th. NextEra Energy Partners’s dividend payout ratio is currently -162.91%.

NextEra Energy Partners Company Profile

NextEra Energy Partners LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.

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Earnings History and Estimates for NextEra Energy Partners (NYSE:NEP)

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