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NextEra Energy Partners, LP (NEP)

(Delayed Data from NYSE)

$74.30 USD

74.30
929,779

-0.96 (-1.28%)

Updated Jun 18, 2021 04:00 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy25.41%
2Buy19.02%
3Hold10.72%
4Sell6.46%
5Strong Sell3.06%
S&P50011.04%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value B Growth A Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 12% (222 out of 252)

Industry: Alternative Energy - Other

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Balance Sheet

Research for NEP

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for NextEra Energy Partners, LP falls in the month of December.

All items in Millions except Per Share data.

12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Assets          
Cash & Equivalents 108 128 155 179 180
Receivables 266 269 148 173 147
Notes Receivable 0 0 0 0 0
Inventories 24 0 0 0 0
Other Current Assets 16 36 37 46 28
Total Current Assets 414 433 340 398 355
Net Property & Equipment 7,163 6,970 6,770 6,197 5,051
Investments & Advances 1,814 1,653 234 229 105
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 249 172 108 181 255
Intangibles 2,791 2,891 1,845 1,289 1,306
Deposits & Other Assets 131 137 108 101 78
Total Assets 12,562 12,256 9,405 8,395 7,150
Liabilities & Shareholders Equity 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Notes Payable 0 0 0 0 0
Accounts Payable 209 180 55 71 38
Current Portion Long-Term Debt 12 12 707 99 78
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 47 61 50 39 25
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 82 48 47 67 256
Total Current Liabilities 350 301 859 276 397
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 12 1,505 922
Convertible Debt 0 0 0 0 0
Long-Term Debt 3,376 4,132 2,728 4,218 3,508
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 1,129 757 268 188 154
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 4,855 5,190 3,867 6,187 4,981
Shareholders Equity 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Preferred Stock 0 183 548 548 0
Common Stock (Par) 2,362 2,008 1,804 1,639 1,746
Capital Surplus 0 0 0 0 0
Retained Earnings 0 0 0 0 0
Other Equity 5,345 4,875 3,186 21 423
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 7,707 7,066 5,538 2,208 2,169
Total Liabilities & Shareholder's Equity 12,562 12,256 9,405 8,395 7,150
Total Common Equity 7,707 6,883 4,990 1,660 2,169
Shares Outstanding 73.00 60.80 56.00 54.30 54.20
Book Value Per Share 105.58 113.21 89.11 30.57 40.02

Fiscal Year End for NextEra Energy Partners, LP falls in the month of December.

All items in Millions except Per Share data.

3/31/2021 12/31/2020 9/30/2020 6/30/2020 3/31/2020
Assets          
Cash & Equivalents 110 108 95 96 115
Receivables 379 266 344 342 318
Notes Receivable 0 0 0 0 0
Inventories 24 24 25 25 0
Other Current Assets 16 16 16 8 39
Total Current Assets 529 414 480 471 472
Net Property & Equipment 7,103 7,163 7,047 6,971 6,972
Investments & Advances 1,830 1,814 1,617 1,653 1,640
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 190 249 258 233 244
Intangibles 2,761 2,791 2,800 2,831 2,861
Deposits & Other Assets 153 131 130 126 132
Total Assets 12,566 12,562 12,332 12,285 12,321
Liabilities & Shareholders Equity 3/31/2021 12/31/2020 9/30/2020 6/30/2020 3/31/2020
Notes Payable 0 0 0 0 0
Accounts Payable 205 209 245 201 206
Current Portion Long-Term Debt 12 12 13 13 13
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 29 47 41 50 35
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 70 82 64 59 50
Total Current Liabilities 316 350 363 323 304
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 3,541 3,376 3,890 4,182 4,179
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 588 1,356 1,497 1,559
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 4,445 4,855 5,609 6,002 6,042
Shareholders Equity 3/31/2021 12/31/2020 9/30/2020 6/30/2020 3/31/2020
Preferred Stock 0 0 112 183 183
Common Stock (Par) 2,460 2,362 2,194 1,759 1,750
Capital Surplus 0 0 0 0 0
Retained Earnings 0 0 0 0 0
Other Equity 5,661 5,345 4,417 4,341 4,346
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 8,121 7,707 6,723 6,283 6,279
Total Liabilities & Shareholder's Equity 12,566 12,562 12,332 12,285 12,321
Total Common Equity 8,121 7,707 6,611 6,100 6,096
Shares Outstanding 75.80 73.00 73.00 65.50 65.50
Book Value Per Share 107.14 105.58 90.56 93.13 93.07