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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 put up 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 web 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 yr, the corporate earned ($0.12) EPS. The corporate’s income was up 14.7% in comparison with the identical quarter final yr.
A lot of analysis analysts have additionally just lately issued analysis experiences on the corporate. Raymond James upgraded NextEra Power Companions from an “underperform” score to a “market carry out” score in a analysis observe 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 observe on Thursday. Lastly, Morgan Stanley decreased 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 observe 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 present has a mean score of “Maintain” and a mean 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 shifting common value is $75.03 and its 2 hundred day shifting 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
A lot of institutional traders have just lately made adjustments 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 an extra 1,589 shares over the last 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 an extra 766 shares over the last quarter. Pacific Heart for Monetary Companies elevated its stake in NextEra Power Companions by 56.5% within the second quarter. Pacific Heart for Monetary Companies now owns 5,484 shares of the photo voltaic vitality supplier’s inventory value $407,000 after shopping for an extra 1,979 shares over the last quarter. Abundance Wealth Counselors grew its place in NextEra Power Companions by 5.6% through 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 an extra 506 shares over the last quarter. Lastly, Vestmark Advisory Options Inc. raised. its stake in shares of NextEra Power Companions by 31.4% through 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 an extra 1,174 shares over the last quarter. Institutional traders personal 83.05% of the corporate’s inventory.
NextEra Power Companions Raises Dividend
The enterprise additionally just lately disclosed a quarterly dividend, which might be paid on Tuesday, February 14th. Traders of file on Monday, February sixth might 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 initiatives with long-term money circulate. It owns pursuits in wind and photo voltaic initiatives in North America, in addition to pure fuel infrastructure belongings in Texas. The corporate was based on March 6, 2014 and is situated in Juno Seashore, FL.
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