Wall Street brokerages expect Nextera Energy Partners LP (NYSE:NEP) to report $0.42 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Nextera Energy Partners’ earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.24. Nextera Energy Partners posted earnings of $1.43 per share in the same quarter last year, which suggests a negative year over year growth rate of 70.6%. The business is scheduled to issue its next earnings results on Wednesday, July 24th.

On average, analysts expect that Nextera Energy Partners will report full year earnings of $1.54 per share for the current year, with EPS estimates ranging from $0.86 to $3.03. For the next financial year, analysts forecast that the business will post earnings of $2.11 per share, with EPS estimates ranging from $1.30 to $3.44. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Nextera Energy Partners.

Nextera Energy Partners (NYSE:NEP) last issued its earnings results on Tuesday, April 23rd. The solar energy provider reported ($0.38) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.90). The company had revenue of $177.00 million for the quarter, compared to analyst estimates of $316.31 million. Nextera Energy Partners had a return on equity of 2.17% and a net margin of 12.24%.

A number of research firms recently commented on NEP. TheStreet upgraded Nextera Energy Partners from a “c+” rating to a “b-” rating in a report on Monday, March 25th. Zacks Investment Research upgraded Nextera Energy Partners from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Wednesday, June 26th. Goldman Sachs Group upgraded Nextera Energy Partners from a “neutral” rating to a “buy” rating and upped their price objective for the company from $45.00 to $49.00 in a report on Sunday, March 31st. ValuEngine upgraded Nextera Energy Partners from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. Finally, Barclays cut Nextera Energy Partners from an “overweight” rating to an “equal weight” rating and set a $49.00 price objective on the stock. in a report on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Nextera Energy Partners currently has an average rating of “Buy” and a consensus target price of $48.83.

Large investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its stake in Nextera Energy Partners by 113.1% during the first quarter. Global Retirement Partners LLC now owns 767 shares of the solar energy provider’s stock worth $36,000 after purchasing an additional 407 shares in the last quarter. Private Capital Group LLC acquired a new position in Nextera Energy Partners during the first quarter worth $36,000. Flagship Harbor Advisors LLC lifted its stake in Nextera Energy Partners by 286.4% during the first quarter. Flagship Harbor Advisors LLC now owns 966 shares of the solar energy provider’s stock worth $45,000 after purchasing an additional 716 shares in the last quarter. Legal & General Group Plc lifted its stake in Nextera Energy Partners by 136.2% during the fourth quarter. Legal & General Group Plc now owns 1,424 shares of the solar energy provider’s stock worth $61,000 after purchasing an additional 821 shares in the last quarter. Finally, Bremer Trust National Association acquired a new position in Nextera Energy Partners during the fourth quarter worth $79,000. Institutional investors own 83.37% of the company’s stock.

Shares of Nextera Energy Partners stock opened at $48.24 on Wednesday. The firm has a market cap of $2.71 billion, a PE ratio of 16.58, a P/E/G ratio of 3.48 and a beta of 0.93. The business’s 50 day moving average is $46.18. Nextera Energy Partners has a 1-year low of $39.35 and a 1-year high of $50.66. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.57.

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 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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