Equities research analysts expect that Nextera Energy Partners LP (NYSE:NEP) will announce earnings per share of $0.49 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Nextera Energy Partners’ earnings. The highest EPS estimate is $0.55 and the lowest is $0.45. Nextera Energy Partners posted earnings per share of ($0.39) in the same quarter last year, which indicates a positive year over year growth rate of 225.6%. The business is scheduled to issue its next earnings results on Friday, January 24th.

On average, analysts expect that Nextera Energy Partners will report full-year earnings of ($1.43) per share for the current fiscal year, with EPS estimates ranging from ($1.63) to ($1.06). For the next financial year, analysts forecast that the company will report earnings of $2.01 per share, with EPS estimates ranging from $1.35 to $2.71. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Nextera Energy Partners.

Nextera Energy Partners (NYSE:NEP) last released its quarterly earnings data on Tuesday, October 22nd. The solar energy provider reported ($1.21) EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($1.61). Nextera Energy Partners had a negative return on equity of 2.49% and a negative net margin of 16.67%. The company had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $354.51 million. During the same period in the prior year, the firm posted $0.58 EPS.

Several equities research analysts have weighed in on NEP shares. Zacks Investment Research upgraded Nextera Energy Partners from a “strong sell” rating to a “hold” rating and set a $55.00 price objective for the company in a report on Thursday, October 3rd. Credit Suisse Group upped their target price on Nextera Energy Partners from $52.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. ValuEngine cut Nextera Energy Partners from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays raised Nextera Energy Partners from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $52.00 to $61.00 in a research note on Tuesday, October 8th. Finally, Wells Fargo & Co raised their price objective on Nextera Energy Partners from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $54.00.

Shares of Nextera Energy Partners stock traded up $0.15 during trading hours on Tuesday, reaching $52.50. The stock had a trading volume of 4,770 shares, compared to its average volume of 302,741. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 18.05 and a beta of 0.89. Nextera Energy Partners has a 1 year low of $39.35 and a 1 year high of $53.90. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.64. The firm has a 50 day simple moving average of $51.93 and a two-hundred day simple moving average of $49.83.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Wednesday, November 6th were paid a dividend of $0.517 per share. This is a boost from Nextera Energy Partners’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, November 5th. This represents a $2.07 dividend on an annualized basis and a yield of 3.94%. Nextera Energy Partners’s payout ratio is presently 71.13%.

In related news, Director Peter H. Kind purchased 1,000 shares of the stock in a transaction dated Friday, October 25th. The stock was purchased at an average price of $51.78 per share, with a total value of $51,780.00. Following the transaction, the director now directly owns 19,590 shares in the company, valued at $1,014,370.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Several large investors have recently bought and sold shares of the company. AGF Investments LLC purchased a new stake in Nextera Energy Partners in the second quarter worth approximately $49,000. CWM LLC purchased a new position in shares of Nextera Energy Partners during the 3rd quarter worth $53,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Nextera Energy Partners during the 2nd quarter worth $57,000. Cubist Systematic Strategies LLC bought a new stake in shares of Nextera Energy Partners during the 2nd quarter valued at $57,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Nextera Energy Partners by 394.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,587 shares of the solar energy provider’s stock valued at $77,000 after acquiring an additional 1,266 shares during the period. Hedge funds and other institutional investors own 76.83% 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 and solar projects with approximately 4,859 megawatts of capacity, as well as seven contracted natural gas pipeline assets.

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

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