As of close of business last night, NextEra Energy Partners LP’s stock clocked out at $27.30, up 3.33% from its previous closing price of $26.42. In other words, the price has increased by $+0.88 from its previous closing price. On the day, 892708 shares were traded. NEP stock price reached its highest trading level at $27.35 during the session, while it also had its lowest trading level at $26.43.
Ratios:
To gain a deeper understanding of NEP’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.28 and its Current Ratio is at 1.33. 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, Evercore ISI on February 13, 2024, initiated with a Outperform rating and assigned the stock a target price of $43.
Seaport Research Partners Downgraded its Neutral to Sell on November 09, 2023, while the target price for the stock was maintained at $15.50.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Apr 27 when Kind Peter H bought 1,750 shares for $56.89 per share. The transaction valued at 99,558 led to the insider holds 32,340 shares of the business.
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 2.55B and an Enterprise Value of 8.57B. As of this moment, NextEra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.77, and their Forward P/E ratio for the next fiscal year is 17.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.03 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 7.95 whereas that against EBITDA is 11.10.
Stock Price History:
Over the past 52 weeks, NEP has reached a high of $67.81, while it has fallen to a 52-week low of $20.17. The 50-Day Moving Average of the stock is 28.99, while the 200-Day Moving Average is calculated to be 40.32.
Shares Statistics:
It appears that NEP traded 1.53M shares on average per day over the past three months and 1.22M shares per day over the past ten days. A total of 93.40M shares are outstanding, with a floating share count of 92.32M. Insiders hold about 1.19% of the company’s shares, while institutions hold 67.67% stake in the company. Shares short for NEP as of Jan 31, 2024 were 3.09M with a Short Ratio of 2.02, compared to 2.72M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.30% and a Short% of Float of 3.33%.
Dividends & Splits
With its trailing 12-month dividend rate of 3.44, NEP has a forward annual dividend rate of 3.44. Against a Trailing Annual Dividend Yield of 13.04%, it implies a Forward Annual Dividend Yield of 12.62%. The stock’s 5-year Average Dividend Yield is 4.53.
Earnings Estimates
As of right now, 6 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.24 for the current quarter, with a high estimate of $0.95 and a low estimate of -$0.32, while EPS last year was -$0.17. The consensus estimate for the next quarter is $0.57, with high estimates of $1.55 and low estimates of $0.24.
Analysts are recommending an EPS of between $2.54 and -$1.19 for the fiscal current year, implying an average EPS of $1.19. EPS for the following year is $1.49, with 7 analysts recommending between $3.38 and -$1.05.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $330.19M. It ranges from a high estimate of $412M to a low estimate of $276M. As of the current estimate, NextEra Energy Partners LP’s year-ago sales were $364.31M, an estimated decrease of -9.40% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $395.44M, an increase of 13.00% over than the figure of -$9.40% in the same quarter last year. There is a high estimate of $499M for the next quarter, whereas the lowest estimate is $345.4M.
A total of 6 analysts have provided revenue estimates for NEP’s current fiscal year. The highest revenue estimate was $1.85B, while the lowest revenue estimate was $1.21B, resulting in an average revenue estimate of $1.42B. In the same quarter a year ago, actual revenue was $1.08B, up 31.30% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $1.5B in the next fiscal year. The high estimate is $1.93B and the low estimate is $1.29B. The average revenue growth estimate for next year is up 5.90% from the average revenue estimate for this year.
