Media coverage about NextEra Energy Partners (NYSE:NEP) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NextEra Energy Partners earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media headlines about the solar energy provider an impact score of 47.0423971282685 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern’s scoring:
- Vanguard Group Inc Boosts Stake in NextEra Energy Partners LP NEP (itsforhome.com)
- $248.44 Million in Sales Expected for NextEra Energy Partners, LP (NEP) This Quarter (americanbankingnews.com)
- Analyzing Dominion Energy’s Yield before Its Ex-Dividend Date (finance.yahoo.com)
- Dominion Energy’s Expected Dividend Growth (finance.yahoo.com)
- [$$] Oncor Minority Owners Sue NextEra for $72 Million Breakup Fee (finance.yahoo.com)
Shares of NextEra Energy Partners (NYSE NEP) traded up $0.10 during midday trading on Friday, hitting $38.72. The company had a trading volume of 26,481 shares, compared to its average volume of 214,873. The company has a market cap of $2,100.60, a PE ratio of 28.06, a price-to-earnings-growth ratio of 3.50 and a beta of 1.22. NextEra Energy Partners has a 1-year low of $23.90 and a 1-year high of $44.00. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 2.04.
NextEra Energy Partners (NYSE:NEP) last announced its quarterly earnings results on Thursday, October 26th. The solar energy provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.36). The firm had revenue of $177.00 million during the quarter, compared to the consensus estimate of $243.16 million. NextEra Energy Partners had a net margin of 10.38% and a return on equity of 3.57%. analysts predict that NextEra Energy Partners will post 0.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Monday, November 6th were paid a $0.3925 dividend. This is a boost from NextEra Energy Partners’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, November 3rd. This represents a $1.57 annualized dividend and a dividend yield of 4.05%. NextEra Energy Partners’s payout ratio is presently 113.77%.
NEP has been the topic of a number of research reports. BidaskClub upgraded NextEra Energy Partners from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. ValuEngine downgraded NextEra Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Barclays PLC reiterated an “overweight” rating and issued a $44.00 target price (up previously from $39.00) on shares of NextEra Energy Partners in a report on Thursday, August 31st. Zacks Investment Research downgraded NextEra Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, September 29th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $39.00 target price on shares of NextEra Energy Partners in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.11.
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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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