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.
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.
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.
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.
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.
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.
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.