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NextEra Energy Partners LP (NYSE: NEP) closed the day trading at $21.10 up 0.52% from the previous closing price of $20.99. In other words, the price has increased by $0.52 from its previous closing price. On the day, 3.05 million shares were traded. NEP stock price reached its highest trading level at $21.575 during the session, while it also had its lowest trading level at $20.7838.
Ratios:
For a better understanding of NEP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.53. 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.
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 the company, JP Morgan on October 24, 2024, Upgraded its rating to Neutral and sets its target price to $22 from $25 previously.
On October 01, 2024, Exane BNP Paribas started tracking the stock assigning a Underperform rating and target price of $15.
On September 19, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $28.Jefferies initiated its Buy rating on September 19, 2024, with a $28 target price.
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 1973679232 and an Enterprise Value of 17048570880. As of this moment, NextEra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.67, and their Forward P/E ratio for the next fiscal year is 8.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.72 while its Price-to-Book (P/B) ratio in mrq is 0.58. Its current Enterprise Value per Revenue stands at 14.609 whereas that against EBITDA is 25.753.
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 $20.28. The 50-Day Moving Average of the stock is -17.10%, while the 200-Day Moving Average is calculated to be -24.29%.
Shares Statistics:
Over the past 3-months, NEP traded about 1.48M shares per day on average, while over the past 10 days, NEP traded about 2692550 shares per day. 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 60.63% stake in the company. Shares short for NEP as of 1728950400 were 4574442 with a Short Ratio of 3.09, compared to 1726185600 on 4873096. Therefore, it implies a Short% of Shares Outstanding of 4574442 and a Short% of Float of 5.0300002.
Dividends & Splits
NEP’s forward annual dividend rate is 3.54, up from 3.595 a year ago. Against a Trailing Annual Dividend Yield of 0.17127204The stock’s 5-year Average Dividend Yield is 5.68.
