NextEra Energy Partners LP (NEP) Announces $0.33 Dividend

NextEra Energy Partners LP (NYSE:NEP) announced a dividend on Wednesday, July 27th. Shareholders of record on Thursday, August 4th will be paid a dividend of 0.33 per share on Friday, August 12th. The ex-dividend date of this dividend is Tuesday, August 2nd.

Several brokerages have issued reports on NEP. Zacks Investment Research downgraded shares of NextEra Energy Partners from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Avondale Partners downgraded shares of NextEra Energy Partners from an “outperform” rating to a “market perform” rating in a report on Thursday. Royal Bank Of Canada began coverage on shares of NextEra Energy Partners in a report on Tuesday, April 5th. They issued a “sector perform” rating and a $29.00 price target on the stock. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $28.00 price target on shares of NextEra Energy Partners in a report on Tuesday, April 19th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $33.92.

Shares of NextEra Energy Partners (NYSE:NEP) traded down 0.22% during trading on Thursday, reaching $31.15. 322,424 shares of the company traded hands. NextEra Energy Partners has a 12 month low of $19.34 and a 12 month high of $36.65. The firm has a market capitalization of $1.30 billion and a PE ratio of 64.09. The firm has a 50-day moving average price of $30.01 and a 200-day moving average price of $27.91.

NextEra Energy Partners (NYSE:NEP) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.14. The firm had revenue of $171 million for the quarter, compared to the consensus estimate of $195.70 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. Equities research analysts anticipate that NextEra Energy Partners will post $1.21 EPS for the current year.

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 approximately seven contracted natural gas pipeline assets.