NEP - NextEra Energy Partners, LP
| Previous Close | 50.76 |
| Open | 50.88 |
| Bid | 51.51 x 900 |
| Ask | 51.53 x 800 |
| Day's Range | 50.78 - 51.62 |
| 52 Week Range | 39.35 - 53.90 |
| Volume | 282,421 |
| Avg. Volume | 312,796 |
| Market Cap | 2.897B |
| Beta (3Y Monthly) | 0.59 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.70 |
| Earnings Date | Oct 22, 2019 |
| Forward Dividend & Yield | 2.01 (3.98%) |
| Ex-Dividend Date | 2019-08-05 |
| 1y Target Est | 53.86 |
- Market Realist
Utility Stocks: How These Defensives Fared Last Week
Top utility stocks trended lower and lost 1.3% last week. Broader markets were positive but cautious on trade talk optimism, gaining 0.7% last week.
- PR Newswire
NextEra Energy Partners, LP announces the final results of the cash tender offer for certain outstanding securities of Genesis Solar 2011 Pass-Through Trust
Genesis Trust is a pass-through trust that was formed in 2011 to provide funding to Genesis Solar, LLC ("Genesis Solar") in connection with the initial development and construction of Genesis Solar's 250-megawatt solar thermal generation facility in Riverside County, California, which reached full commercial operations in 2014. NextEra Energy Partners acquires, manages and owns contracted clean energy projects with stable, long-term cash flows.
- Benzinga
Barclays On Energy YieldCos: Buy NextEra, Hold TerraForm
NextEra Energy Partners LP (NYSE: NEP ) gained momentum with a series of upgrades this month. The optimism has since pushed the stock into favor above industry peers. The Ratings Barclays analysts Moses ...
- PR Newswire
NextEra Energy Partners, LP announces date for release of third-quarter 2019 financial results
JUNO BEACH, Fla. , Oct. 8, 2019 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced that it plans to report third-quarter 2019 financial results before the opening of the New York Stock ...
- PR Newswire
NextEra Energy announces date for release of third-quarter 2019 financial results
JUNO BEACH, Fla. , Oct. 8, 2019 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced that it plans to report third-quarter 2019 financial results before the opening of the New York Stock Exchange ...
- Zacks
Cabot (COG) to Sell 20% Stake in Meade Pipeline for $256M
In a shareholder-friendly bid, Cabot (COG) aims to fulfill its commitment of returning more than half of its free cash flow to investors through share buybacks and payouts.
- Zacks
NextEra Energy Partners to Buy Meade Pipeline for $1.37B
NextEra Energy Partners' (NEP) decision to acquire Meade Pipeline will enable it to enjoy the benefits from rising demand for the transportation of natural gas in the Central Penn Line.
- PR Newswire
NextEra Energy and NextEra Energy Partners to meet with investors through early October and present at the 2019 Wolfe Research Utilities & Energy Conference
JUNO BEACH, Fla. , Sept. 30, 2019 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) today announced that members of the senior management team are scheduled to ...
- Bloomberg
A Renewable Energy Giant Makes a $1 Billion Bet on Natural Gas
(Bloomberg) -- One of America’s biggest renewable-energy companies is making a bet on natural gas.NextEra Energy Partners LP agreed to buy Meade Pipeline Co., an owner of a pipeline that provides gas from Pennsylvania, in a deal valued at about $1.37 billion, according to a statement Monday.While NextEra Energy Partners already owns pipelines in Texas, it’s viewed by many investors as a wind and solar company, owning 5 gigawatts of renewables as of mid-June. The move to buy a pipeline comes as utilities and cities across the U.S. are pushing to drastically cut back on burning fossil fuel.“It is slightly surprising that NEP doubled-down on gas exposure,” Pavel Molchanov, an analyst at Raymond James, said in an interview Monday. “This is not what the company has generally been focused on.”Shares of NextEra Energy Partners gained as much as 1.7% Monday.‘Clean Energy’NextEra Energy Partners expects the deal to yield a double-digit return. Plus, the pipeline will help balance any “potential resource volatility” in the company’s existing portfolio, Jim Robo, chairman and chief executive officer, said in the statement.“Listen, when we did the original IPO, now I guess more than 5 years ago, we said the focus was going to be on clean-energy assets -- and I view gas pipelines as clean energy,” Robo said on a call with analysts. “Gas is an important bridge to a low- or zero-carbon future, 30 years out.”While gas-fired generators emit fewer emissions than coal plants, environmentalists and local governments are increasingly pushing to phase out fossil fuels altogether as part of their efforts to fight climate change. In July, Berkeley, California, became the first U.S. city to ban natural gas from most new buildings. Its Bay Area neighbor, San Jose, followed suit with a ban on gas in most residential buildings. Other cities -- including San Francisco and Seattle -- are considering the move.Even NextEra Energy Partners’s parent company -- which Robo also runs -- is pushing to cut greenhouse gases, saying it will reduce its carbon dioxide emissions 40% by 2025, while doubling electricity production. The company, NextEra Energy Inc., is already the biggest U.S. wind and solar owner.Meade owns a roughly 40% interest in the Central Penn Line, a 185-mile (298-kilometer) interstate pipeline that connects the Marcellus Shale basin in Pennsylvania to the mid-Atlantic and Southeast. The deal is expected to close within the next 60 days, and it includes a $90 million expansion project expected to be completed in mid-2022. The Marcellus is the biggest source of U.S. natural gas.NextEra’s existing seven gas pipelines include the NET Mexico system, which carries U.S. shale gas south of the border.“Those types of assets, combined with renewables, give you a very solid base,” Robo said on the call.\--With assistance from Naureen S. Malik.To contact the reporters on this story: Brian Eckhouse in New York at beckhouse@bloomberg.net;David R. Baker in San Francisco at dbaker116@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, ;Lynn Doan at ldoan6@bloomberg.net, Joe Ryan, Christine BuurmaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Market Realist
Where Southern Company Stock Might Go from Here
Southern Company (SO) stock gained again last week. SO stock has surged more than 40% and has outperformed the broader utilities.
- Benzinga
NextEra Energy Partners To Buy Meade Pipeline In $1.37B Deal
Nextera Energy Partners LP (NYSE: NEP) said Monday it has reached an agreement to buy Meade Pipeline Co LLC for $1.37 billion, which includes an initial consideration of $1.28 billion, subject to working capital. "We are pleased to have reached a definitive agreement to acquire Meade Pipeline and its interests in the Central Penn Line, which is backed by an attractive fixed-lease payment with a high-credit quality customer, and further expand NextEra Energy Partners' investment in long-term contracted natural gas pipelines, helping mitigate any potential resource volatility in the portfolio," NextEra CEO Jim Robo said in a statement. NextEra Energy Partners shares closed Friday's session higher by 0.58% at $52.40.
- Reuters
UPDATE 1-NextEra Energy Partners to buy Meade Pipeline for $1.37 billion
Independent power producer NextEra Energy Partners LP said on Monday it will buy Meade Pipeline Co LLC, a co-owner of the Central Penn Line in Pennsylvania, in a deal valued at about $1.37 billion, including some future capital contributions. The Central Penn Line is an intrastate natural gas pipeline that connects the Marcellus basin to mid-Atlantic and Southeastern regions in the United States. Meade Pipeline, a private joint venture between AltaGas Ltd's unit WGL Midstream, Cabot Oil & Gas Corp and EIF Vega Midstream, owns a 39.2% stake in the pipeline.
- MarketWatch
NextEra Energy Partners to buy Meade Pipeline in a $1.37 billion deal
NextEra Energy Partners L.P. announced Monday a deal to buy Meade Pipeline Co. LLC in a deal valued at $1.37 billion. The deal includes about $90 million in future capital contributions through 2022. Meade Pipeline owns a 39.2% interest in Central Penn Line, which is a 185-mile intrastate natural gas pipeline that provides the Marcellus natural gas producing region access to the mid-Atlantic and Southeastern regions of the U.S. "Meade Pipeline is a very attractive acquisition for NextEra Energy Partners, and is expected to yield a double-digit return to NextEra Energy Partners' limited partner unitholders and generate a cash available for distribution yield of roughly 14%," said Chief Executive Jim Robo. The stock, which is still inactive in premarket trading, has gained 8.0% over the past 12 months, while the S&P 500 has tacked on 1.6%.
- PR Newswire
NextEra Energy Partners, LP announces definitive agreement to acquire Meade Pipeline Co LLC
JUNO BEACH, Fla., Sept. 30, 2019 /PRNewswire/ -- NextEra Energy Partners, LP (NEP) today announced a definitive agreement to acquire Meade Pipeline Co LLC in a transaction valued at approximately $1.37 billion, including roughly $90 million in future capital contributions through 2022, which are related to an expansion opportunity at the existing pipeline. Meade Pipeline owns a 39.2% interest in the Central Penn Line, a 185-mile intrastate natural gas pipeline that is an integral part of a pipeline system regulated by the Federal Energy Regulatory Commission (FERC) that provides the Marcellus natural gas producing region access to large demand centers in the mid-Atlantic and Southeastern regions of the U.S. The pipeline has the capacity to transport and deliver up to approximately 1.7 billion cubic feet (Bcf) of natural gas per day.
- PR Newswire
Cabot Oil & Gas Corporation Announces Agreement to Divest Non-Core Pipeline Interests for $256 Million, Provides Update on Share Repurchase Program
HOUSTON , Sept. 30, 2019 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) ("Cabot" or the "Company") announced today that it has reached an agreement to sell its 20 percent ownership ...
- Rigzone.com
Renewable Energy Giant Makes $1B Bet on Natural Gas
NextEra Energy Partners LP agreed to buy Meade Pipeline Co., an owner of a pipeline that provides gas from Pennsylvania, in a deal valued at about $1.37 billion.
- Market Realist
Utilities Stand Strong amid Volatile Broader Markets
Utility stocks soared as Treasury yields fell on September 24. The Utilities Select Sector SPDR ETF gained 1.2% while the S&P; 500 tumbled 0.8% yesterday.
- Benzinga
Cramer Weighs In On PayPal, NextEra And More
On CNBC's "Mad Money Lightning Round," Jim Cramer said Paypal Holdings Inc (NASDAQ: PYPL ) is terrific. He sees a lot of upside if the company gets it right. Cramer likes NextEra Energy Inc ...
- TheStreet.com
The Charts Say NextEra Energy Is Headed Higher
NextEra Energy : "You've got a winner there. It's a good stock," said Jim Cramer to a caller during the 'Lightning Round' segment of Mad Money on Monday night. NextEra, in addition to wind and solar, owns and operates generating plants powered by natural gas, nuclear energy, and oil.
- Market Realist
How Top Utilities Look: Price Targets and Analysts’ Views
Last week, the top four utility stocks by market cap—NextEra Energy, Duke Energy, Southern Company, and Dominion Energy—touched new 52-week highs on Friday.
- PR Newswire
NextEra Energy Partners, LP announces the pricing of $500 million of 3.875% senior unsecured notes due 2026
JUNO BEACH, Fla., Sept. 19, 2019 /PRNewswire/ -- NextEra Energy Partners, LP (NEP) today announced the pricing of the previously announced private offering of $500 million of 3.875% senior unsecured notes due 2026 (the "notes") to be issued by its direct subsidiary, NextEra Energy Operating Partners, LP ("NEP OpCo"). The notes will be fully and unconditionally guaranteed on a senior unsecured basis by NextEra Energy Partners, LP and NextEra Energy US Partners Holdings, LLC, a direct subsidiary of NEP OpCo ("NEP US Holdings").
- PR Newswire
NextEra Energy Partners, LP announces the offering of $500 million in aggregate principal amount of senior unsecured notes
JUNO BEACH, Fla., Sept. 19, 2019 /PRNewswire/ -- NextEra Energy Partners, LP (NEP) today announced a private offering of $500 million in aggregate principal amount of senior unsecured notes due 2026 (the "notes") by its direct subsidiary, NextEra Energy Operating Partners, LP (NEP OpCo), subject to market and other conditions. The notes will be fully and unconditionally guaranteed on a senior unsecured basis by NextEra Energy Partners, LP and NextEra Energy US Partners Holdings, LLC, a direct subsidiary of NEP OpCo ("NEP US Holdings").
- PR Newswire
NextEra Energy Partners, LP announces the launch of a cash tender offer by its subsidiary for certain outstanding securities of Genesis Solar 2011 Pass-Through Trust
The Offeror owns approximately 48% of the outstanding Series B Certificates, which were purchased on Sept. 13, 2019, at the same price as the Total Consideration to be paid in this Offer. The Offeror will not tender these Series B Certificates into the Offer.
- Market Realist
Will Southern Company Stock Continue to Soar?
Southern Company (SO) stock continued its momentum and gained almost 3% last week. SO stock has rallied more than 35% year-to-date.
- Motley Fool
2 Top Renewable Energy Stocks to Buy in Wind Power
Between them, they are responsible for 24,000 megawatts of wind power capacity -- 25% of the U.S. total.
