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After finishing at $18.52 in the prior trading day, NextEra Energy Partners LP (NYSE: NEP) closed at $18.26, down -1.40%. In other words, the price has decreased by -$1.40 from its previous closing price. On the day, 2.87 million shares were traded. NEP stock price reached its highest trading level at $18.65 during the session, while it also had its lowest trading level at $18.04.
Ratios:
Our goal is to gain a better understanding of NEP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.31. 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, Guggenheim on October 28, 2024, Downgraded its rating to Neutral and sets its target price to $22 from $37 previously.
On October 24, 2024, JP Morgan Upgraded its rating to Neutral which previously was Underweight and also lowered its target price recommendation from $25 to $22.
On October 01, 2024, Exane BNP Paribas started tracking the stock assigning a Underperform rating and target price of $15.Exane BNP Paribas initiated its Underperform rating on October 01, 2024, with a $15 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 1732253184 and an Enterprise Value of 16782934016. As of this moment, NextEra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.36, and their Forward P/E ratio for the next fiscal year is 7.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.97 while its Price-to-Book (P/B) ratio in mrq is 0.50. Its current Enterprise Value per Revenue stands at 14.381 whereas that against EBITDA is 25.352.
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 $17.94. The 50-Day Moving Average of the stock is -25.09%, while the 200-Day Moving Average is calculated to be -33.63%.
Shares Statistics:
The stock has traded on average 1.62M shares per day over the past 3-months and 3409220 shares per day over the last 10 days, according to various share statistics. 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 61.74% stake in the company. Shares short for NEP as of 1728950400 were 4574442 with a Short Ratio of 2.83, 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
In the trailing 12 months, NEP’s forward annual dividend rate was 3.595, compared to 3.59 this year. Against a Trailing Annual Dividend Yield of 0.19411446The stock’s 5-year Average Dividend Yield is 5.93.
