Wall Street brokerages expect NextEra Energy Partners, LP (NYSE: NEP) to post $ 0.26 per share (EPS) for the current fiscal quarter, Zacks carryforwards. Five analysts have provided estimates for NextEra Energy Partners’ earnings. The lowest EPS is $ 0.01 and the highest is $ 0.59. NextEra Energy Partners reported earnings of $ 0.91 per share in the same quarter last year, which would suggest a negative growth rate of 71.4%. The firm is expected to report its next earnings report before the market opens on Friday, January 26th.
On average, analysts expect that NextEra Energy Partners will report full-year earnings of $ 0.91 per share for the current year, with EPS rates ranging from $ 0.49 to $ 1.59. For the next financial year, analysts forecast that the business will post earnings of $ 1.89 per share, with EPS rates ranging from $ 1.15 to $ 2.69. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that provide coverage for NextEra Energy Partners.
NextEra Energy Partners (NYSE: NEP) last released its quarterly earnings on Thursday, October 26th. The solar energy provider reported $ 0.01 per share for the quarter, missing the consensus estimate of $ 0.37 by ($ 0.36). The firm had revenue of $ 177.00 million for the quarter, compared to analysts’ expectations of $ 243.16 million. NextEra Energy Partners had a net margin of 10.38% and a return on equity of 3.57%.
Several equities analysts have weighed in on the company. Credit Suisse Group’s coverage on NextEra Energy Partners in a report on Thursday, December 7th. They set an “outperform” rating and a $ 44.00 price target for the company. Royal Bank of Canada restated a “hold” rating and set a $ 39.00 NextEra Energy Partners in a report on Tuesday, October 10th. Morgan Stanley upgraded NextEra Energy Partners from an “equal weight” rating to an “overweight” rating and set a $ 47.00 price tag report for the company in a report on Tuesday, December 12th. Zacks Investment Research NextEra Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, September 29th. Finally, Bank of America reiterated an “underperform” rating and issued a $ 35.00 target price on shares of NextEra Energy Partners in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating. The company currently has an average rating of “Hold” and an average target price of $ 40.38.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of NextEra Energy Partners by 9.9% in the 2nd 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 period. Jennison Associates LLC boosted its holdings in NextEra Energy Partners by 2.7% during the 3rd quarter. Jennison Associates LLC now owns 2,493,394 shares of the solar energy provider’s stock valued at $ 100,459,000 after acquiring an additional 64,760 shares during the period. FMR LLC boosted its holdings in NextEra Energy Partners by 9.3% during the 2nd quarter. FMR LLC now owns 1,816,194 shares of the solar energy provider’s stock valued at $ 67,181,000 after acquiring an additional 154,700 shares during the period. Reaves W H & Co. Inc. boosted its holdings in NextEra Energy Partners by 3.3% during the 3rd quarter. Reaires W H & Co. Inc. now owns 1,444,248 shares of the solar energy provider at $ 58,189,000 after acquiring an additional 46,025 shares during the period. Finally, Kayne Anderson Capital Advisors LP boosted its holdings in NextEra Energy Partners by 38.0% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 638,072 shares of the solar energy provider at $ 25,701,000 after acquiring an additional 175,800 shares during the period. Hedge funds and other institutional investors 83.49% of the company’s stock.
NextEra Energy Partners ( NYSE: NEP traded up $ 0.13 during midday trading on Friday, reaching $ 40.31. The company ‘s stock had a trading volume of 347,368 shares, compared to its average volume of 269,361. The stock has a market cap of $ 2,186.86, a PE ratio of 29.21, a PEG ratio of 1.99 and a beta of 1.20. The company has a debt-to-equity ratio of 2.04, a current ratio of 3.20 and a quick ratio of 3.20. NextEra Energy Partners has a high rate of $ 26.97 and a high rate of $ 44.24.
TRADEMARK VIOLATION WARNING: “NextEra Energy Partners, LP (NEP) Expected to Post Earnings of $ 0.26 Per Share” was first reported by Dispatch Tribunal and is the sole property of the Dispatch Tribunal. If you are viewing this piece of property, it has been copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/14/nextera-energy-partners-lp-nep-expected-to-post-earnings-of-0-26- per-share.html.
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 energy generation assets of wind and solar projects, as well as natural gas pipeline assets.
Get a free copy of the Zacks research report on NextEra Energy Partners (NEP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NextEra Daily Energy Partners – concise daily summary of the latest news and analysts’ ratings for NextEra Energy Partners and related companies MarketBeat.com’s FREE daily email newsletter .