Brokerages Expect NextEra Energy Partners, LP (NEP) Will Post Quarterly Sales of $232.03 Million

Brokerages expect NextEra Energy Partners, LP (NYSE:NEP) to post $232.03 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for NextEra Energy Partners,’s earnings, with estimates ranging from $190.90 million to $267.22 million. NextEra Energy Partners, posted sales of $171.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 35.7%. The firm is expected to announce its next quarterly earnings results on Wednesday, July 26th.

On average, analysts expect that NextEra Energy Partners, will report full-year sales of $232.03 million for the current year, with estimates ranging from $694.00 million to $1.13 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.15 billion per share, with estimates ranging from $919.40 million to $1.31 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow NextEra Energy Partners,.

NextEra Energy Partners, (NYSE:NEP) last announced its quarterly earnings results on Friday, April 21st. The solar energy provider reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.18. NextEra Energy Partners, had a return on equity of 4.69% and a net margin of 13.70%. The business had revenue of $175 million for the quarter, compared to analyst estimates of $232.06 million. During the same quarter last year, the company earned $0.14 EPS.

NEP has been the topic of a number of research reports. Credit Suisse Group set a $40.00 price objective on shares of NextEra Energy Partners, and gave the stock a “buy” rating in a research report on Saturday, March 11th. Deutsche Bank AG boosted their price objective on shares of NextEra Energy Partners, from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, April 11th. Williams Capital initiated coverage on shares of NextEra Energy Partners, in a research report on Thursday, June 1st. They issued a “buy” rating and a $45.00 price objective on the stock. Vetr raised shares of NextEra Energy Partners, from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Monday, May 15th. Finally, Zacks Investment Research lowered shares of NextEra Energy Partners, from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $36.36.

Hedge funds have recently bought and sold shares of the company. Westwood Holdings Group Inc. raised its stake in NextEra Energy Partners, by 17.7% in the fourth quarter. Westwood Holdings Group Inc. now owns 36,725 shares of the solar energy provider’s stock valued at $938,000 after buying an additional 5,525 shares during the period. Energy Income Partners LLC purchased a new stake in NextEra Energy Partners, during the fourth quarter valued at about $135,014,000. Eventide Asset Management LLC raised its stake in NextEra Energy Partners, by 14.7% in the fourth quarter. Eventide Asset Management LLC now owns 789,000 shares of the solar energy provider’s stock valued at $20,151,000 after buying an additional 101,000 shares during the period. Zimmer Partners LP raised its stake in NextEra Energy Partners, by 220.7% in the fourth quarter. Zimmer Partners LP now owns 2,476,292 shares of the solar energy provider’s stock valued at $63,244,000 after buying an additional 1,704,148 shares during the period. Finally, Loomis Sayles & Co. L P raised its stake in NextEra Energy Partners, by 23.9% in the fourth quarter. Loomis Sayles & Co. L P now owns 19,982 shares of the solar energy provider’s stock valued at $510,000 after buying an additional 3,848 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NextEra Energy Partners, (NEP) traded up 0.09% on Friday, hitting $35.15. 350,885 shares of the stock traded hands. The firm’s 50 day moving average is $34.34 and its 200 day moving average is $30.84. NextEra Energy Partners, has a 52 week low of $23.90 and a 52 week high of $35.54. The firm has a market capitalization of $1.91 billion, a PE ratio of 19.24 and a beta of 1.23.

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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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