What is Zacks Research’s Estimate for NEP FY2024 Earnings?

NextEra Energy Partners, LP (NYSE:NEP) – Equities research analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for NextEra Energy Partners in a research note issued on Tuesday, January 14th. Zacks Research analyst J. Saha now expects that the solar energy provider will earn $1.35 per share for the year, up from their previous estimate of $1.27. The consensus estimate for NextEra Energy Partners’ current full-year earnings is $2.04 per share. Zacks Research also issued estimates for NextEra Energy Partners’ Q1 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.54 EPS, FY2025 earnings at $1.49 EPS, Q1 2026 earnings at $0.21 EPS, Q2 2026 earnings at $0.37 EPS, Q4 2026 earnings at $0.50 EPS and FY2026 earnings at $1.50 EPS.

Several other analysts have also issued reports on NEP. Barclays reissued an “underweight” rating and issued a $25.00 price target on shares of NextEra Energy Partners in a research report on Friday, October 4th. JPMorgan Chase & Co. raised NextEra Energy Partners from an “underweight” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $22.00 in a report on Thursday, October 24th. Evercore ISI reduced their price target on NextEra Energy Partners from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Scotiabank dropped their price objective on NextEra Energy Partners from $26.00 to $15.00 and set a “sector perform” rating on the stock in a report on Thursday, December 12th. Finally, Jefferies Financial Group reduced their target price on NextEra Energy Partners from $28.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $24.64.

NextEra Energy Partners Price Performance

NYSE NEP opened at $16.77 on Thursday. The company has a quick ratio of 1.78, a current ratio of 2.02 and a debt-to-equity ratio of 0.37. The company has a market cap of $1.57 billion, a PE ratio of 7.69 and a beta of 1.06. NextEra Energy Partners has a 52 week low of $15.55 and a 52 week high of $35.15. The firm’s 50-day simple moving average is $17.57 and its two-hundred day simple moving average is $22.53.

NextEra Energy Partners (NYSE:NEP) last issued its quarterly earnings results on Wednesday, October 23rd. The solar energy provider reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.94). NextEra Energy Partners had a net margin of 17.47% and a negative return on equity of 1.07%. The firm had revenue of $319.00 million for the quarter, compared to analysts’ expectations of $332.25 million. During the same period in the prior year, the company earned $0.57 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC purchased a new position in shares of NextEra Energy Partners in the 4th quarter worth about $211,000. Assenagon Asset Management S.A. raised its holdings in shares of NextEra Energy Partners by 59.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 173,251 shares of the solar energy provider’s stock valued at $3,084,000 after buying an additional 64,673 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in NextEra Energy Partners in the 4th quarter worth approximately $219,000. 180 Wealth Advisors LLC purchased a new stake in NextEra Energy Partners in the fourth quarter worth approximately $368,000. Finally, FNY Investment Advisers LLC grew its position in NextEra Energy Partners by 309.6% during the fourth quarter. FNY Investment Advisers LLC now owns 23,022 shares of the solar energy provider’s stock valued at $409,000 after acquiring an additional 17,402 shares during the last quarter. Institutional investors own 66.01% of the company’s stock.

NextEra Energy Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.9175 per share. This is an increase from NextEra Energy Partners’s previous quarterly dividend of $0.91. This represents a $3.67 dividend on an annualized basis and a dividend yield of 21.88%. The ex-dividend date was Wednesday, November 6th. NextEra Energy Partners’s payout ratio is currently 168.35%.

NextEra Energy Partners Company Profile

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.