NextEra Energy Partners (NYSE:NEP – Get Free Report) released its quarterly earnings results on Wednesday. The solar energy provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.07, Briefing.com reports. NextEra Energy Partners had a net margin of 24.42% and a negative return on equity of 0.40%. The business had revenue of $360.00 million during the quarter, compared to analysts’ expectations of $365.54 million. During the same quarter in the previous year, the company earned $0.53 EPS. The business’s quarterly revenue was up 22.9% compared to the same quarter last year.
NextEra Energy Partners Trading Up 1.0 %
NYSE NEP traded up $0.27 during trading on Friday, hitting $26.20. The company had a trading volume of 1,963,298 shares, compared to its average volume of 1,650,590. The company has a current ratio of 1.30, a quick ratio of 1.31 and a debt-to-equity ratio of 0.36. NextEra Energy Partners has a one year low of $20.17 and a one year high of $57.29. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 8.59 and a beta of 1.03. The company’s fifty day moving average is $29.43 and its 200-day moving average is $29.05.
NextEra Energy Partners Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Tuesday, August 6th will be issued a dividend of $0.905 per share. This is a positive change from NextEra Energy Partners’s previous quarterly dividend of $0.89. This represents a $3.62 dividend on an annualized basis and a yield of 13.82%. The ex-dividend date is Tuesday, August 6th. NextEra Energy Partners’s dividend payout ratio is currently 117.05%.
Analysts Set New Price Targets
View Our Latest Research Report on NextEra Energy Partners
NextEra Energy Partners Company Profile
NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind, solar, and battery storage projects. The company owns contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is based in Juno Beach, Florida.
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