NextEra Power Companions, LP (NYSE:NEP – Get Ranking ) – Equities researchers at Oppenheimer issued their Q2 2023 earnings per share estimates for NextEra Power Companions in a analysis report issued on Wednesday, January 25. Oppenheimer analyst N. Kaye expects the photo voltaic vitality supplier to submit earnings of $0.78 per share for the quarter. Oppenheimer has an “Outperform” score and a $94.00 value goal on the inventory. The consensus estimate for NextEra Power Companions’ present full-year earnings is $3.00 per share.
NextEra Power Companions (NYSE: NEP – Get Ranking ) final launched its quarterly earnings information on Wednesday, January 25. The photo voltaic vitality supplier reported $0.40 EPS for the quarter, lacking the consensus estimate of $0.52 by ($0.12). NextEra Power Companions has a internet margin of 39.39% and a return on fairness of 4.00%. The corporate had income of $266.00 million for the quarter, in comparison with the consensus estimate of $336.74 million. In the identical quarter final 12 months, the corporate earned ($0.12) EPS. The corporate’s income was up 14.7% in comparison with the identical quarter final 12 months.
Quite a lot of analysis analysts have additionally lately issued analysis studies on the corporate. Raymond James upgraded NextEra Power Companions from an “underperform” score to a “market carry out” score in a analysis word on Wednesday, January 4th. Wells Fargo & Firm lowered their value goal for the inventory of NextEra Power Companions from $93.00 to $90.00 and set an “chubby” score on the inventory in a analysis report on Wednesday, October nineteenth. Credit score Suisse Group decreased their goal value on shares of NextEra Power Companions. from $90.00 to $87.00 and set an “outperform” score for the corporate in a analysis report on Wednesday, November 2nd. StockNews.com downgraded NextEra Power Companions from a “maintain” score to a “promote” score in a analysis word on Thursday. Lastly, Morgan Stanley lowered their goal value on NextEra Power Companions from $88.00 to $86.00 and set an “equal weight” score on the inventory in a analysis word on Monday. Two equities analysis analysts have rated the inventory with a promote score, three have assigned a maintain score and 6 have given a purchase score to the corporate. Based on MarketBeat, the inventory at the moment has a median score of “Maintain” and a median value goal of $85.60.
NextEra Power Companions Inventory Efficiency
NEP opened at $73.39 on Friday. The corporate has a market cap of $6.35 billion, a price-to-earnings ratio of 12.97, a PEG ratio of two.40 and a beta of 0.92. The corporate’s fifty day transferring common value is $75.03 and its 2 hundred day transferring common value is $77.06. NextEra Power Companions has a 1-year low of $61.31 and a 1-year excessive of $86.06. The corporate has a present ratio of 1.91, a fast ratio of 1.80 and a debt-to-equity ratio of 0.38.
Hedge Funds Weigh in on NextEra Power Companions
Quite a lot of institutional traders have lately made modifications to their positions within the inventory. NewEdge Wealth LLC raised its place in NextEra Power Companions by 24.2% within the second quarter. NewEdge Wealth LLC now owns 8,143 shares of the photo voltaic vitality supplier’s inventory value $604,000 after shopping for a further 1,589 shares over the past quarter. TPG Monetary Advisors LLC lifted its place in NextEra Power Companions by 29.0% within the 2nd quarter. TPG Monetary Advisors LLC now owns 3,411 shares of the photo voltaic vitality supplier’s inventory value $253,000 after shopping for a further 766 shares over the past quarter. Pacific Heart for Monetary Providers elevated its stake in NextEra Power Companions by 56.5% within the second quarter. Pacific Heart for Monetary Providers now owns 5,484 shares of the photo voltaic vitality supplier’s inventory value $407,000 after shopping for a further 1,979 shares over the past quarter. Abundance Wealth Counselors grew its place in NextEra Power Companions by 5.6% throughout the second quarter. Abundance Wealth Counselors now owns 9,557 shares of the photo voltaic vitality supplier’s inventory valued at $709,000 after buying a further 506 shares over the past quarter. Lastly, Vestmark Advisory Options Inc. raised. its stake in shares of NextEra Power Companions by 31.4% throughout the third quarter. Vestmark Advisory Options Inc. now owns 4,916 shares of the photo voltaic vitality supplier’s inventory value $355,000 after buying a further 1,174 shares over the past quarter. Institutional traders personal 83.05% of the corporate’s inventory.
NextEra Power Companions Raises Dividend
The enterprise additionally lately disclosed a quarterly dividend, which will likely be paid on Tuesday, February 14th. Traders of report on Monday, February sixth will likely be given a $0.8125 dividend. It pays a $3.25 annual dividend and yields 4.43%. This is a rise from NextEra Power Companions’ earlier quarterly dividend of $0.79. The ex-dividend date of this dividend is Friday, February 3. NextEra Power Companions’s dividend payout ratio is 55.65%.
About NextEra Power Companions
(Get Ranking)
NextEra Power Companions LP engages within the acquisition, administration, and possession of contracted clear vitality tasks with long-term money circulation. It owns pursuits in wind and photo voltaic tasks in North America, in addition to pure gasoline infrastructure belongings in Texas. The corporate was based on March 6, 2014 and is positioned in Juno Seashore, FL.
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