NextEra Energy Partners LP (NEP) concluded trading on Thursday at a closing price of $28.88, with 3.55 million shares of worth about $102.64 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.10% during that period and and on June 13, 2024 the price saw a loss of about -7.44%. Currently the company’s common shares owned by public are about 93.40M shares, out of which, 90.93M shares are available for trading.
Stock saw a price change of -12.27% in past 5 days and over the past one month there was a price change of -13.56%. Year-to-date (YTD), NEP shares are showing a performance of -5.03% which decreased to -53.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.17 but also hit the highest price of $63.18 during that period. The average intraday trading volume for NextEra Energy Partners LP shares is 1.45 million. The stock is currently trading -13.22% below its 20-day simple moving average (SMA20), while that difference is down -6.44% for SMA50 and it goes to -4.85% lower than SMA200.
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NextEra Energy Partners LP (NYSE: NEP) currently have 93.40M outstanding shares and institutions hold larger chunk of about 62.57% of that.
The stock has a current market capitalization of $2.70B and its 3Y-monthly beta is at 1.03. PE ratio of stock for trailing 12 months is 9.48, while it has posted earnings per share of $3.05 in the same period. Its PEG reads 0.51 and has Quick Ratio of 1.31 while making debt-to-equity ratio of 1.77. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NEP, volatility over the week remained 3.98% while standing at 3.48% over the month.
Stock’s fiscal year EPS is expected to rise by 3.77% while it is estimated to decrease by -16.32% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on June 13, 2024 offering an Underweight rating for the stock and assigned a target price range of between $32 and $25 to it. Coverage by Mizuho stated NextEra Energy Partners LP (NEP) stock as a Neutral in their note to investors on June 12, 2024, suggesting a price target of $33 for the stock. On May 23, 2024, JP Morgan Downgrade their recommendations, while on April 10, 2024, Barclays Initiated their ratings for the stock with a price target of $32. Stock get an Outperform rating from Evercore ISI on February 13, 2024.
