Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
As of close of business last night, NextEra Energy Partners LP’s stock clocked out at $17.68, down -0.56% from its previous closing price of $17.78. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 1.59 million shares were traded. NEP stock price reached its highest trading level at $18.08 during the session, while it also had its lowest trading level at $17.53.
Ratios:
To gain a deeper understanding of NEP’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.95. For the most recent quarter (mrq), Quick Ratio is recorded 1.78 and its Current Ratio is at 2.02. In the meantime, Its Debt-to-Equity ratio is 1.52 whereas as Long-Term Debt/Eq ratio is at 1.49.
On October 28, 2024, Guggenheim Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $37 to $22.
JP Morgan Upgraded its Underweight to Neutral on October 24, 2024, whereas the target price for the stock was revised from $25 to $22.
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 1653684736 and an Enterprise Value of 16722137088. As of this moment, NextEra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.10, and their Forward P/E ratio for the next fiscal year is 4.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.88 while its Price-to-Book (P/B) ratio in mrq is 0.48. Its current Enterprise Value per Revenue stands at 14.329 whereas that against EBITDA is 25.26.
Stock Price History:
Over the past 52 weeks, NEP has reached a high of $35.15, while it has fallen to a 52-week low of $15.55. The 50-Day Moving Average of the stock is -6.10%, while the 200-Day Moving Average is calculated to be -31.13%.
Shares Statistics:
It appears that NEP traded 2.02M shares on average per day over the past three months and 1310210 shares per day over the past ten days. A total of 93.50M shares are outstanding, with a floating share count of 90.93M. Insiders hold about 2.79% of the company’s shares, while institutions hold 58.47% stake in the company. Shares short for NEP as of 1732838400 were 3792762 with a Short Ratio of 1.94, compared to 1730332800 on 5249363. Therefore, it implies a Short% of Shares Outstanding of 3792762 and a Short% of Float of 4.17.
Dividends & Splits
With its trailing 12-month dividend rate of 3.595, NEP has a forward annual dividend rate of 3.59. Against a Trailing Annual Dividend Yield of 0.20219347The stock’s 5-year Average Dividend Yield is 6.21.
