NextEra Energy Partners, LP (NEP)

NYSE: NEP · Real-Time Price · USD
16.08
+0.21 (1.32%)
Nov 20, 2024, 4:00 PM EST - Market closed
1.32%
Market Cap 1.50B
Revenue (ttm) 1.17B
Net Income (ttm) 203.00M
Shares Out 93.53M
EPS (ttm) 2.17
PE Ratio 7.40
Forward PE 5.69
Dividend $3.67 (22.84%)
Ex-Dividend Date Nov 6, 2024
Volume 1,299,588
Open 15.80
Previous Close 15.87
Day's Range 15.69 - 16.13
52-Week Range 15.55 - 35.15
Beta 1.07
Analysts Hold
Price Target 25.14 (+56.34%)
Earnings Date Oct 23, 2024

About NEP

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, solar, and battery storage projects. The company owns contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is based in Juno Beach, Florida. [Read more]

Sector Utilities
Founded 2014
Country United States
Stock Exchange NYSE
Ticker Symbol NEP
Full Company Profile

Financial Performance

In 2023, NEP's revenue was $1.08 billion, an increase of 11.25% compared to the previous year's $969.00 million. Earnings were $200.00 million, a decrease of -58.07%.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for NEP stock is "Hold." The 12-month stock price forecast is $25.14, which is an increase of 56.34% from the latest price.

Price Target
$25.14
(56.34% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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NextEra Energy Partners Vs. Brookfield Renewable Partners: I Would Go With Brookfield

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16 days ago - Seeking Alpha

NextEra Energy Partners: 19% Yield, Buy Amid Debt Challenges

NextEra Energy Partners faces significant debt challenges in a high interest rate environment, but its 19% forward distribution yield presents a compelling value opportunity. Despite potential yield c...

18 days ago - Seeking Alpha

16 Upcoming Dividend Increases

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20 days ago - Seeking Alpha

NextEra Energy Partners: Be Greedy When Others Are Fearful

NextEra Energy Partners' units fell over 16% due to worse-than-expected Q3 results and a significant decline in EBITDA, raising concerns about distribution stability. I believe, at the current valuati...

26 days ago - Seeking Alpha

Dividend Harvesting Portfolio Week 190: $19,000 Allocated, $1,792.47 In Projected Dividends

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27 days ago - Seeking Alpha

NextEra Energy Partners: Here Comes The Distribution Cut

NEP units are crashing. Management is signaling a distribution cut. We share how big we think the distribution cut might be and what investors should do now.

4 weeks ago - Seeking Alpha

NextEra Energy Partners: 60% Distribution Cut Coming To A Theater Near You

NextEra Energy Partners played distribution poker. It lost. This morning it telegraphed the big distribution cut headed your way.

4 weeks ago - Seeking Alpha

NextEra Energy Partners, LP (NEP) Q3 2024 Earnings Call Transcript

NextEra Energy Partners, LP (NYSE:NEP) Q3 2024 Earnings Conference Call October 23, 2024 9:00 AM ET Company Participants Mark Edelman - Director of Investor Relations John Ketchum - Chairman, Preside...

4 weeks ago - Seeking Alpha

NextEra Energy Partners, LP third-quarter 2024 financial results available on partnership's website

JUNO BEACH, Fla. , Oct. 23, 2024 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) has posted its third-quarter 2024 financial results in a news release available on the partnership's website by...

Other symbols: NEE
4 weeks ago - PRNewsWire

NextEra Energy third-quarter 2024 financial results available on company's website

JUNO BEACH, Fla. , Oct. 23, 2024 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) has posted its third-quarter 2024 financial results in a news release available on the company's website by accessing ...

Other symbols: NEE
4 weeks ago - PRNewsWire

11-14% Yielding Dividend Growers: 2 To Buy And 1 To Sell

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NextEra Energy Partners Is A Big Play On Renewables Yielding 14.52%

NextEra Energy Partners has seen a significant decline in unit price but continues to grow its distribution, making it an intriguing income investment. Despite downgrades and a reduced growth outlook,...

5 weeks ago - Seeking Alpha

NextEra Energy announces date for release of third-quarter 2024 financial results

JUNO BEACH, Fla. , Oct. 9, 2024 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced that it plans to report third-quarter 2024 financial results before the opening of the New York Stock E...

Other symbols: NEE
6 weeks ago - PRNewsWire

NextEra Energy Partners, LP announces date for release of third-quarter 2024 financial results

JUNO BEACH, Fla. , Oct. 9, 2024 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced that it plans to report third-quarter 2024 financial results before the opening of the New York ...

Other symbols: NEE
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2 months ago - Seeking Alpha

NextEra Energy Partners (NEP) stock yields 14.6%: classic value trap

NextEra Energy Partners (NEP) stock price has continued to underperform the market this year as concerns about its revised growth and upcoming maturities. It has crashed by over 66% from its highest p...

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