NextEra Energy Partners LP (NYSE: NEP) closed the day trading at $29.32 up 1.14% from the previous closing price of $28.99. In other words, the price has increased by $+0.33 from its previous closing price. On the day, 781605 shares were traded.
Ratios:
For a better understanding of NEP, let’s look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 27 ’23 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 2.74B and an Enterprise Value of 8.76B. As of this moment, NextEra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.72, and their Forward P/E ratio for the next fiscal year is 22.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.19 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 8.12 whereas that against EBITDA is 11.34.
Stock Price History:
Over the past 52 weeks, NEP has reached a high of $64.43, while it has fallen to a 52-week low of $20.17. The 50-Day Moving Average of the stock is 28.46, while the 200-Day Moving Average is calculated to be 36.08.
Shares Statistics:
Over the past 3-months, NEP traded about 1.39M shares per day on average, while over the past 10 days, NEP traded about 1.27M shares per day. 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 67.82% stake in the company. Shares short for NEP as of Mar 15, 2024 were 4.13M with a Short Ratio of 2.98, compared to 3.06M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.42% and a Short% of Float of 4.54%.
Dividends & Splits
NEP’s forward annual dividend rate is 3.44, up from 3.44 a year ago. Against a Trailing Annual Dividend Yield of 11.88%, it implies a Forward Annual Dividend Yield of 11.88%. The stock’s 5-year Average Dividend Yield is 4.67.
Earnings Estimates
Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of $0.21 for the current quarter, with a high estimate of $0.89 and a low estimate of -$0.32, while EPS last year was -$0.17. The consensus estimate for the next quarter is $0.5, with high estimates of $1.5 and low estimates of $0.16.
Analysts are recommending an EPS of between $2.37 and -$1.19 for the fiscal current year, implying an average EPS of $1.05. EPS for the following year is $1.17, with 7 analysts recommending between $2.52 and -$1.05.
Revenue Estimates
6 analysts predict $331.8M in revenue for the current quarter. 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 -8.90% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $386.39M, an increase of 10.40% over than the figure of -$8.90% in the same quarter last year. There is a high estimate of $499M for the next quarter, whereas the lowest estimate is $341.14M.
A total of 8 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 $1.41B. In the same quarter a year ago, actual revenue was $1.08B, up 30.60% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $1.48B 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 5.00% from the average revenue estimate for this year.
