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The closing price of NextEra Energy Partners LP (NYSE: NEP) was $32.36 for the day, up 7.40% from the previous closing price of $30.13. In other words, the price has increased by $7.40 from its previous closing price. On the day, 2.12 million shares were traded. NEP stock price reached its highest trading level at $32.44 during the session, while it also had its lowest trading level at $30.07.
Ratios:
Our analysis of NEP’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.31 and its Current Ratio is at 1.36. In the meantime, Its Debt-to-Equity ratio is 1.77 whereas as Long-Term Debt/Eq ratio is at 1.39.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on April 10, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $32.
On February 13, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $43.
Valuation Measures:
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 3026931712 and an Enterprise Value of 19285338112. As of this moment, NextEra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.62, and their Forward P/E ratio for the next fiscal year is 18.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.51 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 17.693 whereas that against EBITDA is 32.304.
Stock Price History:
Over the past 52 weeks, NEP has reached a high of $63.89, while it has fallen to a 52-week low of $20.17. The 50-Day Moving Average of the stock is 13.06%, while the 200-Day Moving Average is calculated to be 0.09%.
Shares Statistics:
NEP traded an average of 1.33M shares per day over the past three months and 1567130 shares per day over the past ten days. A total of 93.40M shares are outstanding, with a floating share count of 90.93M. Insiders hold about 2.79% of the company’s shares, while institutions hold 65.88% stake in the company. Shares short for NEP as of 1713139200 were 5278709 with a Short Ratio of 3.96, compared to 1710460800 on 4130431. Therefore, it implies a Short% of Shares Outstanding of 5278709 and a Short% of Float of 5.81.
Dividends & Splits
With its trailing 12-month dividend rate of 3.494, NEP has a forward annual dividend rate of 3.49. Against a Trailing Annual Dividend Yield of 0.11596416The stock’s 5-year Average Dividend Yield is 4.94.
