After finishing at $57.91 in the prior trading day, NextEra Energy Partners LP (NYSE: NEP) closed at $60.05, up 3.70%. In other words, the price has increased by $+2.14 from its previous closing price. On the day, 899582 shares were traded. NEP stock price reached its highest trading level at $60.07 during the session, while it also had its lowest trading level at $57.80.
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Our goal is to gain a better understanding of NEP by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 1.57 whereas as Long-Term Debt/Eq ratio is at 1.55.
Upgrades & Downgrades
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 27 when Kind Peter H bought 1,750 shares for $56.89 per share. The transaction valued at 99,558 led to the insider holds 32,340 shares of the business.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NEP now has a Market Capitalization of 5.31B and an Enterprise Value of 10.42B. As of this moment, NextEra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.95, and their Forward P/E ratio for the next fiscal year is 27.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.45 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 8.46 whereas that against EBITDA is 14.17.
Stock Price History:
Over the past 52 weeks, NEP has reached a high of $86.06, while it has fallen to a 52-week low of $51.58. The 50-Day Moving Average of the stock is 60.21, while the 200-Day Moving Average is calculated to be 71.74.
The stock has traded on average 1.16M shares per day over the past 3-months and 1.06M shares per day over the last 10 days, according to various share statistics. A total of 87.30M shares are outstanding, with a floating share count of 81.33M. Insiders hold about 1.13% of the company’s shares, while institutions hold 87.80% stake in the company. Shares short for NEP as of Apr 27, 2023 were 3.35M with a Short Ratio of 3.35M, compared to 4.22M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.77% and a Short% of Float of 3.80%.
Dividends & Splits
In the trailing 12 months, NEP’s forward annual dividend rate was 3.20, compared to 3.37 this year. Against a Trailing Annual Dividend Yield of 5.53%, it implies a Forward Annual Dividend Yield of 5.53%. The stock’s 5-year Average Dividend Yield is 3.69.
Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of $0.78 for the current quarter, with a high estimate of $1.24 and a low estimate of $0.39, while EPS last year was $2.61. The consensus estimate for the next quarter is $0.56, with high estimates of $1.02 and low estimates of $0.15.
Analysts are recommending an EPS of between $3.78 and -$0.02 for the fiscal current year, implying an average EPS of $1.73. EPS for the following year is $2.15, with 8 analysts recommending between $4.26 and -$1.5.
8 analysts predict $420.16M in revenue for the current quarter. It ranges from a high estimate of $528.96M to a low estimate of $372.83M. As of the current estimate, NextEra Energy Partners LP’s year-ago sales were $362M, an estimated increase of 16.10% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $407.29M, an increase of 34.90% over than the figure of $16.10% in the same quarter last year. There is a high estimate of $487.82M for the next quarter, whereas the lowest estimate is $355.6M.
A total of 11 analysts have provided revenue estimates for NEP’s current fiscal year. The highest revenue estimate was $1.91B, while the lowest revenue estimate was $1.36B, resulting in an average revenue estimate of $1.55B. In the same quarter a year ago, actual revenue was $1.21B, up 27.90% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $1.69B in the next fiscal year. The high estimate is $2.05B and the low estimate is $1.39B. The average revenue growth estimate for next year is up 9.10% from the average revenue estimate for this year.