NextEra Energy Partners LP (NEP) Stock Performance in the Last 52 Weeks

The closing price of NextEra Energy Partners LP (NYSE: NEP) was $23.26 for the day, up 0.74% from the previous closing price of $23.09. In other words, the price has increased by $+0.17 from its previous closing price. On the day, 1712984 shares were traded. NEP stock price reached its highest trading level at $23.50 during the session, while it also had its lowest trading level at $22.44.

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Our analysis of NEP’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.57 and its Current Ratio is at 0.61. In the meantime, Its Debt-to-Equity ratio is 1.83 whereas as Long-Term Debt/Eq ratio is at 1.45.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 2.17B and an Enterprise Value of 8.32B. As of this moment, NextEra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.32, and their Forward P/E ratio for the next fiscal year is 12.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.69 while its Price-to-Book (P/B) ratio in mrq is 0.61. Its current Enterprise Value per Revenue stands at 6.48 whereas that against EBITDA is 9.30.

Stock Price History:

Over the past 52 weeks, NEP has reached a high of $81.32, while it has fallen to a 52-week low of $20.17. The 50-Day Moving Average of the stock is 30.70, while the 200-Day Moving Average is calculated to be 52.07.

Shares Statistics:

NEP traded an average of 2.75M shares per day over the past three months and 2.62M shares per day over the past ten days. A total of 93.43M shares are outstanding, with a floating share count of 91.49M. Insiders hold about 1.78% of the company’s shares, while institutions hold 78.28% stake in the company. Shares short for NEP as of Oct 30, 2023 were 2.54M with a Short Ratio of 2.54M, compared to 2.93M on Sep 28, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.72% and a Short% of Float of 2.74%.

Dividends & Splits

With its trailing 12-month dividend rate of 3.38, NEP has a forward annual dividend rate of 3.42. Against a Trailing Annual Dividend Yield of 14.63%, it implies a Forward Annual Dividend Yield of 14.52%. The stock’s 5-year Average Dividend Yield is 4.12.

Earnings Estimates

The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of $0.22 for the current quarter, with a high estimate of $1.17 and a low estimate of -$0.53, while EPS last year was $0.4. The consensus estimate for the next quarter is $0.24, with high estimates of $0.73 and low estimates of -$0.14.

Analysts are recommending an EPS of between $4.82 and $0.41 for the fiscal current year, implying an average EPS of $1.71. EPS for the following year is $1.04, with 5 analysts recommending between $3.48 and -$2.03.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $545.47M to a low estimate of $290.62M. As of the current estimate, NextEra Energy Partners LP’s year-ago sales were $266M, an estimated increase of 42.80% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $341.45M, a decrease of -6.30% less than the figure of $42.80% in the same quarter last year. There is a high estimate of $413M for the next quarter, whereas the lowest estimate is $286.21M.

A total of 7 analysts have provided revenue estimates for NEP’s current fiscal year. The highest revenue estimate was $1.77B, while the lowest revenue estimate was $1.31B, resulting in an average revenue estimate of $1.44B. In the same quarter a year ago, actual revenue was $1.21B, up 18.90% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $1.46B in the next fiscal year. The high estimate is $1.83B and the low estimate is $1.22B. The average revenue growth estimate for next year is up 1.60% from the average revenue estimate for this year.

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