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In the latest session, NextEra Energy Partners LP (NYSE: NEP) closed at $24.53 down -3.01% from its previous closing price of $25.29. In other words, the price has decreased by -$3.01 from its previous closing price. On the day, 0.86 million shares were traded. NEP stock price reached its highest trading level at $25.38 during the session, while it also had its lowest trading level at $24.43.
Ratios:
For a deeper understanding of NextEra Energy Partners LP’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.40. 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 the company, Morgan Stanley on July 31, 2024, Downgraded its rating to Underweight and sets its target price to $20 from $31 previously.
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 2365606912 and an Enterprise Value of 18112518144. As of this moment, NextEra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.72, and their Forward P/E ratio for the next fiscal year is 13.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.92 while its Price-to-Book (P/B) ratio in mrq is 0.65. Its current Enterprise Value per Revenue stands at 15.641 whereas that against EBITDA is 28.345.
Stock Price History:
Over the past 52 weeks, NEP has reached a high of $51.53, while it has fallen to a 52-week low of $20.17. The 50-Day Moving Average of the stock is -7.06%, while the 200-Day Moving Average is calculated to be -12.97%.
Shares Statistics:
For the past three months, NEP has traded an average of 1.47M shares per day and 969800 over the past ten days. 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 64.14% stake in the company. Shares short for NEP as of 1723680000 were 4552076 with a Short Ratio of 3.09, compared to 1721001600 on 4728004. Therefore, it implies a Short% of Shares Outstanding of 4552076 and a Short% of Float of 5.0100001999999995.
Dividends & Splits
According to the company, the forward annual dividend rate for NEP is 3.54, from 3.545 in the trailing year. Against a Trailing Annual Dividend Yield of 0.14017399The stock’s 5-year Average Dividend Yield is 5.35.
