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After finishing at $27.48 in the prior trading day, NextEra Energy Partners LP (NYSE: NEP) closed at $25.93, down -5.64%. In other words, the price has decreased by -$5.64 from its previous closing price. On the day, 4.07 million shares were traded. NEP stock price reached its highest trading level at $27.1474 during the session, while it also had its lowest trading level at $25.82.
Ratios:
Our goal is to gain a better understanding of NEP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.28. 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.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on July 01, 2024, whereas the target price for the stock was revised from $38 to $30.
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 2425474048 and an Enterprise Value of 19063650304. As of this moment, NextEra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.16, and their Forward P/E ratio for the next fiscal year is 12.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.03 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at 17.49 whereas that against EBITDA is 31.932.
Stock Price History:
The Beta on a monthly basis for NEP is 1.01, which has changed by -0.5199926 over the last 52 weeks, in comparison to a change of 0.17829525 over the same period for the S&P500. Over the past 52 weeks, NEP has reached a high of $59.40, while it has fallen to a 52-week low of $20.17. The 50-Day Moving Average of the stock is -13.42%, while the 200-Day Moving Average is calculated to be -7.73%.
Shares Statistics:
The stock has traded on average 1.52M shares per day over the past 3-months and 1763960 shares per day over the last 10 days, according to various share statistics. 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 64.90% stake in the company. Shares short for NEP as of 1719532800 were 5209104 with a Short Ratio of 3.10, compared to 1717113600 on 3563840. Therefore, it implies a Short% of Shares Outstanding of 5209104 and a Short% of Float of 5.7299999999999995.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 5.19.
