Wall Street brokerages expect Nextera Energy Partners LP (NYSE:NEP) to report $0.42 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Nextera Energy Partners’ earnings. The lowest EPS estimate is $0.24 and the highest is $0.66. Nextera Energy Partners posted earnings of $1.43 per share in the same quarter last year, which would indicate a negative year over year growth rate of 70.6%. The business is scheduled to announce its next quarterly earnings results on Wednesday, July 24th.
According to Zacks, 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 year, analysts anticipate that the business will report earnings of $2.11 per share, with EPS estimates ranging from $1.30 to $3.44. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Nextera Energy Partners.
Nextera Energy Partners (NYSE:NEP) last issued its quarterly earnings results on Tuesday, April 23rd. The solar energy provider reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.90). Nextera Energy Partners had a net margin of 12.24% and a return on equity of 2.17%. The firm had revenue of $177.00 million for the quarter, compared to analyst estimates of $316.31 million.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP grew its holdings in shares of Nextera Energy Partners by 4.0% in the 1st quarter. First Trust Advisors LP now owns 54,619 shares of the solar energy provider’s stock worth $2,547,000 after acquiring an additional 2,079 shares during the last quarter. FMR LLC grew its holdings in shares of Nextera Energy Partners by 20.8% in the 1st quarter. FMR LLC now owns 1,784,636 shares of the solar energy provider’s stock worth $83,236,000 after acquiring an additional 307,378 shares during the last quarter. Elmwood Wealth Management Inc. grew its holdings in shares of Nextera Energy Partners by 2.3% in the 1st quarter. Elmwood Wealth Management Inc. now owns 12,185 shares of the solar energy provider’s stock worth $568,000 after acquiring an additional 275 shares during the last quarter. Clearbridge Investments LLC acquired a new position in shares of Nextera Energy Partners in the 1st quarter worth $12,118,000. Finally, Monetary Management Group Inc. grew its holdings in shares of Nextera Energy Partners by 106.9% during the first quarter. Monetary Management Group Inc. now owns 27,000 shares of the solar energy provider’s stock valued at $1,259,000 after buying an additional 13,950 shares in the last quarter. Institutional investors and hedge funds own 83.37% of the company’s stock.
Shares of NEP stock opened at $48.25 on Wednesday. Nextera Energy Partners has a 1 year low of $39.35 and a 1 year high of $50.66. The firm has a market cap of $2.71 billion, a PE ratio of 16.58, a PEG ratio of 3.43 and a beta of 0.91. The firm’s fifty day moving average price is $46.18. 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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