Williams Capital Brokers Decrease Earnings Estimates for NextEra Energy Partners, LP (NYSE:NEP)

NextEra Energy Partners, LP (NYSE:NEP) – Equities research analysts at Williams Capital decreased their Q3 2017 earnings per share estimates for NextEra Energy Partners, in a research report issued to clients and investors on Wednesday. Williams Capital analyst C. Motz now expects that the solar energy provider will post earnings of $0.50 per share for the quarter, down from their prior estimate of $0.55. Williams Capital currently has a “Buy” rating and a $45.00 price target on the stock. Williams Capital also issued estimates for NextEra Energy Partners,’s Q4 2017 earnings at $0.55 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.80 EPS, Q4 2018 earnings at $0.87 EPS and FY2018 earnings at $2.49 EPS.

A number of other research firms also recently weighed in on NEP. Zacks Investment Research downgraded shares of NextEra Energy Partners, from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 4th. Deutsche Bank AG increased their price target on shares of NextEra Energy Partners, from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, April 11th. Barclays PLC reaffirmed an “overweight” rating and set a $39.00 price target (up previously from $34.00) on shares of NextEra Energy Partners, in a research note on Sunday, April 23rd. UBS AG reaffirmed a “neutral” rating and set a $32.00 price target (up previously from $31.00) on shares of NextEra Energy Partners, in a research note on Tuesday, April 25th. Finally, Vetr downgraded shares of NextEra Energy Partners, from a “hold” rating to a “sell” rating and set a $33.00 price target on the stock. in a research note on Thursday, April 27th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. NextEra Energy Partners, currently has an average rating of “Buy” and a consensus target price of $38.57.

Shares of NextEra Energy Partners, (NYSE NEP) opened at 40.01 on Friday. The firm has a market cap of $2.17 billion, a P/E ratio of 22.03 and a beta of 1.23. NextEra Energy Partners, has a 12-month low of $23.90 and a 12-month high of $40.49. The company has a 50-day moving average of $37.43 and a 200 day moving average of $33.42.

NextEra Energy Partners, (NYSE:NEP) last posted its earnings results on Wednesday, July 26th. The solar energy provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 million during the quarter, compared to analyst estimates of $232.03 million.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.52 annualized dividend and a dividend yield of 3.80%. This is a positive change from NextEra Energy Partners,’s previous quarterly dividend of $0.37. NextEra Energy Partners,’s dividend payout ratio is presently 73.37%.

In other NextEra Energy Partners, news, EVP Mark E. Hickson acquired 1,350 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was bought at an average price of $37.51 per share, with a total value of $50,638.50. Following the completion of the transaction, the executive vice president now directly owns 4,780 shares of the company’s stock, valued at $179,297.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Armando Pimentel, Jr. acquired 5,000 shares of the company’s stock in a transaction dated Friday, July 14th. The stock was acquired 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 $764,600. The disclosure for this purchase can be found here. 0.46% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in NEP. BNP Paribas Arbitrage SA acquired a new stake in NextEra Energy Partners, during the first quarter valued at about $139,000. Bank of New York Mellon Corp raised its stake in NextEra Energy Partners, by 18.4% in the first 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 during the last quarter. Elkfork Partners LLC raised its stake in NextEra Energy Partners, by 148.2% in the first quarter. Elkfork Partners LLC now owns 30,690 shares of the solar energy provider’s stock valued at $1,017,000 after buying an additional 18,326 shares during the last quarter. Tyers Asset Management LLC raised its stake in NextEra Energy Partners, by 148.2% in the first quarter. Tyers Asset Management LLC now owns 22,320 shares of the solar energy provider’s stock valued at $739,000 after buying an additional 13,328 shares during the last quarter. Finally, ING Groep NV acquired a new stake in NextEra Energy Partners, during the first quarter valued at about $5,529,000. 85.55% of the stock is 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.