NextEra Energy Partners, LP (NYSE:NEP) – Oppenheimer Holdings decreased their FY2017 earnings per share (EPS) estimates for shares of NextEra Energy Partners, in a research report issued to clients and investors on Thursday. Oppenheimer Holdings analyst C. Rusch now anticipates that the solar energy provider will earn $0.49 per share for the year, down from their prior forecast of $0.98. Oppenheimer Holdings also issued estimates for NextEra Energy Partners,’s Q4 2017 earnings at $0.01 EPS, FY2018 earnings at $1.21 EPS, FY2019 earnings at $2.20 EPS and FY2020 earnings at $3.26 EPS.

NextEra Energy Partners, (NYSE:NEP) last announced its earnings results on Thursday, October 26th. The solar energy provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.36). NextEra Energy Partners, had a return on equity of 3.55% and a net margin of 10.38%. The firm had revenue of $177.00 million during the quarter, compared to analyst estimates of $243.16 million.

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NEP has been the subject of a number of other reports. Bank of America Corporation reaffirmed an “underperform” rating and issued a $35.00 price target on shares of NextEra Energy Partners, in a research note on Tuesday, October 24th. Barclays PLC reaffirmed an “overweight” rating and issued a $44.00 price target (up from $39.00) on shares of NextEra Energy Partners, in a research note on Thursday, August 31st. BidaskClub cut NextEra Energy Partners, from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $42.00 price target (up from $39.00) on shares of NextEra Energy Partners, in a research note on Thursday, July 27th. Finally, TheStreet cut NextEra Energy Partners, from a “b” rating to a “c+” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.64.

NextEra Energy Partners, (NYSE NEP) opened at 39.21 on Monday. The firm has a 50 day moving average of $41.34 and a 200 day moving average of $37.89. NextEra Energy Partners, has a one year low of $23.90 and a one year high of $44.00. The firm has a market capitalization of $2.13 billion, a PE ratio of 21.59 and a beta of 1.24.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted 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 worth $120,672,000 after acquiring an additional 293,830 shares during the last quarter. Jennison Associates LLC boosted 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 worth $89,835,000 after acquiring an additional 70,719 shares during the last quarter. FMR LLC boosted its position in NextEra Energy Partners, by 9.3% during the 2nd quarter. FMR LLC now owns 1,816,194 shares of the solar energy provider’s stock worth $67,181,000 after acquiring an additional 154,700 shares during the last quarter. Beach Investment Management LLC. boosted its position in NextEra Energy Partners, by 1,005.7% during the 2nd quarter. Beach Investment Management LLC. now owns 1,329,958 shares of the solar energy provider’s stock worth $49,195,000 after acquiring an additional 1,209,675 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. acquired a new position in NextEra Energy Partners, during the 2nd quarter worth approximately $28,000,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th will be given a dividend of $0.3925 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.57 dividend on an annualized basis and a yield of 4.00%. This is an increase from NextEra Energy Partners,’s previous quarterly dividend of $0.38. NextEra Energy Partners,’s dividend payout ratio is 110.15%.

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.

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

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