NextEra Energy Partners, LP (NYSE:NEP) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $0.34 per share for the quarter.

NextEra Energy Partners, (NYSE:NEP) last issued 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). NextEra Energy Partners, had a net margin of 13.77% and a return on equity of 4.74%. The company had revenue of $204.00 million for the quarter, compared to analysts’ expectations of $232.03 million. On average, analysts expect NextEra Energy Partners, to post $1.35 EPS for the current fiscal year and $1.77 EPS for the next fiscal year.

Shares of NextEra Energy Partners, LP (NEP) opened at 42.31 on Monday. NextEra Energy Partners, LP has a 12 month low of $23.90 and a 12 month high of $44.00. The firm’s 50-day moving average price is $41.62 and its 200-day moving average price is $37.65. The stock has a market capitalization of $2.30 billion, a P/E ratio of 23.30 and a beta of 1.24.

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A hedge fund recently raised its stake in NextEra Energy Partners, stock. Northern Trust Corp increased its position in shares of NextEra Energy Partners, LP (NYSE:NEP) by 19.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,048 shares of the solar energy provider’s stock after buying an additional 3,154 shares during the quarter. Northern Trust Corp’s holdings in NextEra Energy Partners, were worth $705,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 83.42% of the company’s stock.

NEP has been the topic of several recent research reports. BidaskClub cut NextEra Energy Partners, from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Royal Bank Of Canada restated a “hold” rating and set a $38.00 target price (up from $34.00) on shares of NextEra Energy Partners, in a report on Friday, July 7th. Deutsche Bank AG restated a “buy” rating and set a $42.00 target price (up from $39.00) on shares of NextEra Energy Partners, in a report on Thursday, July 27th. TheStreet upgraded NextEra Energy Partners, from a “c-” rating to a “b” rating in a report on Wednesday, July 26th. Finally, BMO Capital Markets boosted their target price on NextEra Energy Partners, from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $38.95.

About NextEra Energy Partners,

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.

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

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