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NextEra Energy Partners LP (NYSE: NEP) closed the day trading at $26.66 down -1.11% from the previous closing price of $26.96. In other words, the price has decreased by -$1.11 from its previous closing price. On the day, 1.08 million shares were traded. NEP stock price reached its highest trading level at $26.9271 during the session, while it also had its lowest trading level at $26.506.
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 7.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.74. For the most recent quarter (mrq), Quick Ratio is recorded 1.22 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 1.63 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, Exane BNP Paribas on October 01, 2024, initiated with a Underperform rating and assigned the stock a target price of $15.
On September 19, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $28.
Morgan Stanley Downgraded its Equal-Weight to Underweight on July 31, 2024, whereas the target price for the stock was revised from $31 to $20.
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 2493757696 and an Enterprise Value of 18311755776. As of this moment, NextEra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.39, and their Forward P/E ratio for the next fiscal year is 12.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.08 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 15.813 whereas that against EBITDA is 28.657.
Stock Price History:
Over the past 52 weeks, NEP has reached a high of $35.15, while it has fallen to a 52-week low of $20.17. The 50-Day Moving Average of the stock is 3.74%, while the 200-Day Moving Average is calculated to be -5.96%.
Shares Statistics:
Over the past 3-months, NEP traded about 1.34M shares per day on average, while over the past 10 days, NEP traded about 1116680 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 62.01% stake in the company. Shares short for NEP as of 1726185600 were 4873096 with a Short Ratio of 3.63, compared to 1723680000 on 4552076. Therefore, it implies a Short% of Shares Outstanding of 4873096 and a Short% of Float of 5.3600002.
Dividends & Splits
NEP’s forward annual dividend rate is 3.54, up from 3.545 a year ago. Against a Trailing Annual Dividend Yield of 0.13149111The stock’s 5-year Average Dividend Yield is 5.68.
