Equities research analysts expect NextEra Energy Partners, LP (NYSE:NEP) to post sales of $236.80 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for NextEra Energy Partners,’s earnings, with the highest sales estimate coming in at $252.00 million and the lowest estimate coming in at $205.20 million. NextEra Energy Partners, posted sales of $186.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 27.3%. The company is scheduled to announce its next earnings results on Monday, October 30th.

On average, analysts expect that NextEra Energy Partners, will report full-year sales of $236.80 million for the current year, with estimates ranging from $644.00 million to $1.07 billion. For the next financial year, analysts expect that the firm will report sales of $1.12 billion per share, with estimates ranging from $810.00 million to $1.46 billion. Zacks’ sales averages are an average based on a survey of analysts that cover NextEra Energy Partners,.

NextEra Energy Partners, (NYSE:NEP) last posted its quarterly earnings data on Wednesday, July 26th. The solar energy provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by $0.19. The firm had revenue of $204 million during the quarter, compared to the consensus estimate of $232.03 million. NextEra Energy Partners, had a return on equity of 4.74% and a net margin of 13.77%.

Several equities research analysts have weighed in on NEP shares. Zacks Investment Research upgraded NextEra Energy Partners, from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Wednesday, June 28th. BidaskClub raised NextEra Energy Partners, from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Royal Bank Of Canada reissued a “hold” rating and issued a $38.00 price target (up from $34.00) on shares of NextEra Energy Partners, in a research report on Friday, July 7th. Vetr raised NextEra Energy Partners, from a “sell” rating to a “buy” rating and set a $40.37 price target for the company in a research report on Thursday, June 22nd. Finally, Williams Capital assumed coverage on NextEra Energy Partners, in a research report on Thursday, June 1st. They issued a “buy” rating and a $45.00 price target for the company. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.36.

NextEra Energy Partners, (NYSE NEP) opened at 42.10 on Friday. The stock’s 50 day moving average price is $39.89 and its 200 day moving average price is $35.56. NextEra Energy Partners, has a one year low of $23.90 and a one year high of $43.40. The company has a market capitalization of $2.28 billion, a P/E ratio of 23.18 and a beta of 1.26.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were given a dividend of $0.38 per share. This is a positive change from NextEra Energy Partners,’s previous quarterly dividend of $0.37. This represents a $1.52 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Thursday, August 3rd. NextEra Energy Partners,’s dividend payout ratio is currently 76.38%.

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In other NextEra Energy Partners, news, insider Armando Pimentel, Jr. bought 5,000 shares of NextEra Energy Partners, stock in a transaction that occurred on Friday, July 14th. The shares were bought at an average cost of $38.23 per share, with a total value of $191,150.00. Following the transaction, the insider now directly owns 20,000 shares of the company’s stock, valued at approximately $764,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark E. Hickson bought 1,350 shares of NextEra Energy Partners, stock in a transaction that occurred on Wednesday, July 5th. The shares were acquired at an average cost of $37.51 per share, for a total transaction of $50,638.50. Following the completion of the transaction, the executive vice president now directly owns 4,780 shares in the company, valued at $179,297.80. The disclosure for this purchase can be found here. Corporate insiders own 0.46% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC increased its position in NextEra Energy Partners, by 34.4% during the 1st quarter. Neuberger Berman Group LLC now owns 8,015,035 shares of the solar energy provider’s stock valued at $265,538,000 after buying an additional 2,050,427 shares in the last quarter. BlackRock Inc. increased its position in NextEra Energy Partners, by 9.9% during the 2nd quarter. BlackRock Inc. now owns 3,262,280 shares of the solar energy provider’s stock valued at $120,672,000 after buying an additional 293,830 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in NextEra Energy Partners, by 3.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,778,945 shares of the solar energy provider’s stock valued at $92,067,000 after buying an additional 99,295 shares in the last quarter. Jennison Associates LLC increased its position in NextEra Energy Partners, by 3.0% during the 2nd quarter. Jennison Associates LLC now owns 2,428,634 shares of the solar energy provider’s stock valued at $89,835,000 after buying an additional 70,719 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in NextEra Energy Partners, by 18.4% during the 1st quarter. Bank of New York Mellon Corp now owns 2,029,099 shares of the solar energy provider’s stock valued at $67,225,000 after buying an additional 315,649 shares in the last quarter. 83.43% of the stock is currently owned by institutional investors.

NextEra Energy Partners, Company Profile

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 generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets.

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Earnings History and Estimates for NextEra Energy Partners, (NYSE:NEP)

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