NextEra Energy Partners LP (NEP) concluded trading on Wednesday at a closing price of $21.01, with 10.28 million shares of worth about $216.01 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -29.09% during that period and on October 23, 2024 the price saw a loss of about -16.26%. 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 -20.51% in past 5 days and over the past one month there was a price change of -21.66%. Year-to-date (YTD), NEP shares are showing a performance of -30.91% which decreased to -6.29% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.83 but also hit the highest price of $35.15 during that period. The average intraday trading volume for NextEra Energy Partners LP shares is 1.28 million. The stock is currently trading -18.55% below its 20-day simple moving average (SMA20), while that difference is down -17.95% for SMA50 and it goes to -24.85% 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 60.51% of that.
The stock has a current market capitalization of $1.97B and its 3Y-monthly beta is at 1.03. PE ratio of stock for trailing 12 months is 6.61, while it has posted earnings per share of $3.18 in the same period. It has Quick Ratio of 1.22 while making debt-to-equity ratio of 1.63. 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 4.49% while standing at 2.96% over the month.
Stock’s fiscal year EPS is expected to rise by 11.91% while it is estimated to decrease by -10.45% 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 Exane BNP Paribas on October 01, 2024 offering an Underperform rating for the stock and assigned a target price of $15 to it. Coverage by Jefferies stated NextEra Energy Partners LP (NEP) stock as a Buy in their note to investors on September 19, 2024, suggesting a price target of $28 for the stock. Stock get a Mkt perform rating from Raymond James on July 09, 2024.
