Analysts forecast that NextEra Energy Partners, LP (NYSE:NEP) will post earnings of $0.38 per share for the current quarter, Zacks reports. Five analysts have made estimates for NextEra Energy Partners,’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.26. NextEra Energy Partners, reported earnings per share of $0.62 during the same quarter last year, which suggests a negative year over year growth rate of 38.7%. The business is scheduled to report its next earnings report before the market opens on Thursday, October 26th.

On average, analysts expect that NextEra Energy Partners, will report full year earnings of $1.31 per share for the current year, with EPS estimates ranging from $0.98 to $1.59. For the next fiscal year, analysts anticipate that the business will report earnings of $1.78 per share, with EPS estimates ranging from $0.85 to $2.49. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover NextEra Energy Partners,.

NextEra Energy Partners, (NYSE:NEP) last announced its quarterly earnings results on Wednesday, July 26th. The solar energy provider reported $0.24 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $204.00 million during the quarter, compared to analyst estimates of $232.03 million.

Several brokerages have weighed in on NEP. Royal Bank Of Canada reiterated a “hold” rating and issued a $39.00 target price on shares of NextEra Energy Partners, in a research note on Tuesday, October 10th. J P Morgan Chase & Co lowered their target price on NextEra Energy Partners, from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday. BidaskClub upgraded NextEra Energy Partners, from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. ValuEngine downgraded NextEra Energy Partners, from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research downgraded NextEra Energy Partners, from a “hold” rating to a “sell” rating in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. NextEra Energy Partners, has a consensus rating of “Buy” and an average target price of $38.95.

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of NextEra Energy Partners, by 9.9% in the second quarter. BlackRock Inc. now owns 3,262,280 shares of the solar energy provider’s stock valued at $120,672,000 after buying an additional 293,830 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of NextEra Energy Partners, by 3.0% in the second quarter. Jennison Associates LLC now owns 2,428,634 shares of the solar energy provider’s stock valued at $89,835,000 after buying an additional 70,719 shares in the last quarter. FMR LLC boosted its stake in shares of NextEra Energy Partners, by 9.3% in the second quarter. FMR LLC now owns 1,816,194 shares of the solar energy provider’s stock valued at $67,181,000 after buying an additional 154,700 shares in the last quarter. Beach Investment Management LLC. boosted its stake in shares of NextEra Energy Partners, by 1,005.7% in the second quarter. Beach Investment Management LLC. now owns 1,329,958 shares of the solar energy provider’s stock valued at $49,195,000 after buying an additional 1,209,675 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. purchased a new stake in shares of NextEra Energy Partners, in the second quarter valued at approximately $28,000,000. Hedge funds and other institutional investors own 83.43% of the company’s stock.

Shares of NextEra Energy Partners, (NYSE:NEP) traded up 0.33% during trading on Friday, hitting $42.57. 411,701 shares of the stock traded hands. The firm has a 50-day moving average of $41.29 and a 200-day moving average of $37.34. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 23.44 and a beta of 1.24. NextEra Energy Partners, has a 1-year low of $23.90 and a 1-year high of $44.00.

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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.

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

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