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NextEra Energy Partners, LP (NEP)

(Delayed Data from NYSE)

$74.19 USD

74.19
342,647

+0.09 (0.12%)

Updated Jun 11, 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 F Momentum B 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 10% (224 out of 250)

Industry: Alternative Energy - Other

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Company Summary

Based in Juno Beach, Florida NextEra Energy Partners, LP is a growth-oriented limited partnership formed by NextEra Energy, Inc. in 2014. The partnership is formed to acquire, manage and own contracted clean energy projects with stable long-term cash flows. NextEra Energy Partners owns a portfolio of contracted renewable generation assets consisting of wind and solar projects in North America, as well as seven contracted natural gas pipeline assets in Texas.

Renewable Energy sales contributed 71.5%, 75.4% and 76.7% to its total revenues during 2018, 2019 and 2020, respectively. Texas pipelines service revenues constituted 28.5%, 24.6% and 23.3% of total revenues during 2018, 2019, ...

General Information

NextEra Energy Partners, LP

700 UNIVERSE BOULEVARD

JUNO BEACH, FL 33408

Phone: 561-694-4000

Fax: NA

Web: http://www.nexteraenergy.com

Email: investors@nexteraenergypartners.com

Industry Alternative Energy - Other
Sector Oils-Energy
Fiscal Year End December
Last Reported Quarter 3/31/2021
Next EPS Date 7/23/2021

EPS Information

Current Quarter EPS Consensus Estimate 0.58
Current Year EPS Consensus Estimate 3.64
Estimated Long-Term EPS Growth Rate 18.40
Next EPS Report Date 7/23/2021

Price and Volume Information

Zacks Rank Premium
Yesterday's Close 74.10
52 Week High 88.30
52 Week Low 48.45
Beta 0.73
20 Day Moving Average 409,747.19
Target Price Consensus 82.38

NEP

% Price Change
4 Week 11.11
12 Week 7.76
YTD 10.65
% Price Change Relative to S&P 500
4 Week 9.19
12 Week -0.73
YTD -2.15
Share Information
Shares Outstanding (millions) 75.89
Market Capitalization (millions) 5,630.48
Short Ratio NA
Last Split Date NA
Dividend Information
Dividend Yield 3.44%
Annual Dividend $2.55
Payout Ratio 0.50
Change in Payout Ratio -0.53
Last Dividend Payout / Amount 5/5/2021 / $0.64

Fundamental Ratios

P/E
P/E (F1) 20.40
Trailing 12 Months 14.96
PEG Ratio 1.11
EPS Growth
vs. Previous Year 178.47%
vs. Previous Quarter 212.94%
   
Sales Growth
vs. Previous Year 16.04%
vs. Previous Quarter 16.04%
   
Price Ratios
Price/Book 0.69
Price/Cash Flow 16.72
Price / Sales 5.92
ROE
3/31/21 6.31
12/31/20 0.42
9/30/20 0.00
ROA
3/31/21 3.62
12/31/20 0.23
9/30/20 0.00
Current Ratio
3/31/21 1.67
12/31/20 1.18
9/30/20 1.32
Quick Ratio
3/31/21 1.60
12/31/20 1.11
9/30/20 1.25
Operating Margin
3/31/21 47.32
12/31/20 3.05
9/30/20 0.00
Net Margin
3/31/21 47.32
12/31/20 3.05
9/30/20 0.00
Pre-Tax Margin
3/31/21 123.97
12/31/20 -28.03
9/30/20 -37.54
Book Value
3/31/21 107.01
12/31/20 105.57
9/30/20 90.56
Inventory Turnover
3/31/21 14.82
12/31/20 19.62
9/30/20 20.69
Debt-to-Equity
3/31/21 0.44
12/31/20 0.44
9/30/20 0.59
Debt to Capital
3/31/21 30.36
12/31/20 30.46
9/30/20 36.65