Nextera Energy Partners (NEP) Receiving Somewhat Favorable News Coverage, Analysis Shows

Press coverage about Nextera Energy Partners (NYSE:NEP) has been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Nextera Energy Partners earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the solar energy provider an impact score of 46.2068913347924 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Several equities research analysts have recently issued reports on NEP shares. Bank of America restated an “underperform” rating and set a $35.00 price objective on shares of Nextera Energy Partners in a report on Tuesday, October 24th. Guggenheim started coverage on Nextera Energy Partners in a report on Tuesday, January 2nd. They issued a “buy” rating and a $45.00 target price on the stock. Credit Suisse Group assumed coverage on Nextera Energy Partners in a research note on Thursday, December 7th. They set an “outperform” rating and a $44.00 price objective on the stock. TheStreet lowered Nextera Energy Partners from a “b” rating to a “c+” rating in a research report on Thursday, October 26th. Finally, Morgan Stanley raised Nextera Energy Partners from an “equal weight” rating to an “overweight” rating and set a $47.00 target price on the stock in a research report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $40.38.

Nextera Energy Partners (NYSE NEP) traded down $0.94 during midday trading on Friday, hitting $37.76. The company’s stock had a trading volume of 493,407 shares, compared to its average volume of 347,252. The company has a market capitalization of $2,050.37, a PE ratio of 57.21, a P/E/G ratio of 1.70 and a beta of 1.16. Nextera Energy Partners has a 52 week low of $30.08 and a 52 week high of $45.38. The company has a debt-to-equity ratio of 2.04, a current ratio of 3.20 and a quick ratio of 3.20.

Nextera Energy Partners (NYSE:NEP) last announced its earnings results on Friday, January 26th. The solar energy provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.07). Nextera Energy Partners had a negative net margin of 8.63% and a positive return on equity of 1.70%. The firm had revenue of $197.00 million for the quarter, compared to analyst estimates of $251.41 million. During the same period last year, the firm earned ($0.23) earnings per share. sell-side analysts predict that Nextera Energy Partners will post 1.97 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be paid a $0.405 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This is an increase from Nextera Energy Partners’s previous quarterly dividend of $0.39. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.29%. Nextera Energy Partners’s dividend payout ratio is -135.00%.

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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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