NextEra Energy Partners (NYSE:NEP – Get Free Report) issued its quarterly earnings results on Wednesday. The solar energy provider reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.94), Briefing.com reports. The business had revenue of $319.00 million for the quarter, compared to analyst estimates of $332.25 million. NextEra Energy Partners had a negative return on equity of 0.40% and a net margin of 24.42%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS.
NextEra Energy Partners Stock Up 0.5 %
NextEra Energy Partners stock traded up $0.11 during mid-day trading on Friday, hitting $21.10. The company had a trading volume of 2,836,833 shares, compared to its average volume of 1,467,240. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 6.60 and a beta of 1.06. NextEra Energy Partners has a 1 year low of $20.28 and a 1 year high of $35.15. The company has a quick ratio of 1.22, a current ratio of 1.30 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $25.53 and a 200 day moving average of $27.73.
NextEra Energy Partners Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Wednesday, November 6th will be paid a $0.9175 dividend. This is a positive change from NextEra Energy Partners’s previous quarterly dividend of $0.91. This represents a $3.67 annualized dividend and a yield of 17.39%. The ex-dividend date is Wednesday, November 6th. NextEra Energy Partners’s dividend payout ratio is currently 113.84%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on NextEra Energy Partners
About NextEra Energy Partners
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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