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As of close of business last night, NextEra Energy Partners LP’s stock clocked out at $18.20, up 1.11% from its previous closing price of $18.00. In other words, the price has increased by $1.11 from its previous closing price. On the day, 1.49 million shares were traded. NEP stock price reached its highest trading level at $18.2879 during the session, while it also had its lowest trading level at $17.9.
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 9.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.27. 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 1702322560 and an Enterprise Value of 16777322496. As of this moment, NextEra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.34, and their Forward P/E ratio for the next fiscal year is 4.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.96 while its Price-to-Book (P/B) ratio in mrq is 0.50. Its current Enterprise Value per Revenue stands at 14.376 whereas that against EBITDA is 25.343.
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 -14.08%, while the 200-Day Moving Average is calculated to be -31.05%.
Shares Statistics:
It appears that NEP traded 1.96M shares on average per day over the past three months and 1997020 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 1731628800 were 3516351 with a Short Ratio of 1.79, compared to 1728950400 on 4574442. Therefore, it implies a Short% of Shares Outstanding of 3516351 and a Short% of Float of 3.8699999999999997.
Dividends & Splits
With its trailing 12-month dividend rate of 3.595, NEP has a forward annual dividend rate of 3.60. Against a Trailing Annual Dividend Yield of 0.19972223The stock’s 5-year Average Dividend Yield is 6.21.
