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NextEra Energy Partners LP (NYSE: NEP) closed the day trading at $16.75 down -1.76% from the previous closing price of $17.05. In other words, the price has decreased by -$1.76 from its previous closing price. On the day, 1.82 million shares were traded. NEP stock price reached its highest trading level at $17.15 during the session, while it also had its lowest trading level at $16.74.
Ratios:
For a better understanding of NEP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.37. 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.
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 the company, BMO Capital Markets on January 13, 2025, Downgraded its rating to Market Perform and sets its target price to $18 from $26 previously.
Guggenheim Downgraded its Buy to Neutral on October 28, 2024, whereas the target price for the stock was revised from $37 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 1566697856 and an Enterprise Value of 16641697792. As of this moment, NextEra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.67, and their Forward P/E ratio for the next fiscal year is 5.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.72 while its Price-to-Book (P/B) ratio in mrq is 0.46. Its current Enterprise Value per Revenue stands at 14.26 whereas that against EBITDA is 25.139.
Stock Price History:
The Beta on a monthly basis for NEP is 1.02, which has changed by -0.3642804 over the last 52 weeks, in comparison to a change of 0.23171377 over the same period for the S&P500. 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 -4.42%, while the 200-Day Moving Average is calculated to be -32.64%.
Shares Statistics:
Over the past 3-months, NEP traded about 2.11M shares per day on average, while over the past 10 days, NEP traded about 1362230 shares per day. 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 58.54% stake in the company. Shares short for NEP as of 1735603200 were 3690823 with a Short Ratio of 1.75, compared to 1732838400 on 3792762. Therefore, it implies a Short% of Shares Outstanding of 3690823 and a Short% of Float of 4.0599998.
Dividends & Splits
NEP’s forward annual dividend rate is 3.60, up from 3.595 a year ago. Against a Trailing Annual Dividend Yield of 0.21085045The stock’s 5-year Average Dividend Yield is 6.48.
