Analysts expect NextEra Energy Partners, LP (NYSE:NEP) to post sales of $248.44 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for NextEra Energy Partners’ earnings, with the lowest sales estimate coming in at $167.30 million and the highest estimate coming in at $308.05 million. NextEra Energy Partners reported sales of $176.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 41.2%. The business is scheduled to announce its next earnings report on Friday, January 26th.

According to Zacks, analysts expect that NextEra Energy Partners will report full year sales of $248.44 million for the current year, with estimates ranging from $644.00 million to $1.11 billion. For the next financial year, analysts anticipate that the company will post sales of $1.15 billion per share, with estimates ranging from $801.70 million to $1.39 billion. Zacks’ sales averages are an average based on a survey of research analysts that cover NextEra Energy Partners.

NextEra Energy Partners (NYSE:NEP) last posted 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). The firm had revenue of $177.00 million during the quarter, compared to analyst estimates of $243.16 million. NextEra Energy Partners had a net margin of 10.38% and a return on equity of 3.57%.

NEP has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of NextEra Energy Partners from a “hold” rating to a “sell” rating in a research report on Friday, September 29th. Royal Bank of Canada reissued a “hold” rating and issued a $39.00 price objective on shares of NextEra Energy Partners in a research report on Tuesday, October 10th. JPMorgan Chase & Co. cut 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 research report on Thursday, October 12th. Bank of America reissued an “underperform” rating and issued a $35.00 price objective on shares of NextEra Energy Partners in a research report on Tuesday, October 24th. Finally, TheStreet lowered shares of NextEra Energy Partners from a “b” rating to a “c+” rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. NextEra Energy Partners has an average rating of “Hold” and an average price target of $40.03.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in NextEra Energy Partners by 9.9% during the second quarter. BlackRock Inc. now owns 3,262,280 shares of the solar energy provider’s stock worth $120,672,000 after purchasing an additional 293,830 shares during the last quarter. Jennison Associates LLC increased its position in NextEra Energy Partners by 2.7% during the third quarter. Jennison Associates LLC now owns 2,493,394 shares of the solar energy provider’s stock worth $100,459,000 after purchasing an additional 64,760 shares during the last quarter. FMR LLC increased its position in NextEra Energy Partners by 9.3% during the second quarter. FMR LLC now owns 1,816,194 shares of the solar energy provider’s stock worth $67,181,000 after purchasing an additional 154,700 shares during the last quarter. Reaves W H & Co. Inc. increased its position in NextEra Energy Partners by 3.3% during the third quarter. Reaves W H & Co. Inc. now owns 1,444,248 shares of the solar energy provider’s stock worth $58,189,000 after purchasing an additional 46,025 shares during the last quarter. Finally, Beach Investment Management LLC. increased its position in shares of NextEra Energy Partners by 1,005.7% in the second quarter. Beach Investment Management LLC. now owns 1,329,958 shares of the solar energy provider’s stock worth $49,195,000 after acquiring an additional 1,209,675 shares in the last quarter. 83.49% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Partners (NYSE:NEP) opened at $43.11 on Friday. The company has a debt-to-equity ratio of 2.04, a current ratio of 3.20 and a quick ratio of 3.20. The firm has a market cap of $2,340.00, a P/E ratio of 34.49, a PEG ratio of 4.21 and a beta of 1.19. NextEra Energy Partners has a 52-week low of $25.17 and a 52-week high of $44.00.

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

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