Currently, there are 93.50M common shares owned by the public and among those 90.93M shares have been available to trade.
The company’s stock has a 5-day price change of -29.37% and -43.64% over the past three months. NEP shares are trading -33.54% year to date (YTD), with the 12-month market performance down to -59.49% lower. It has a 12-month low price of $15.25 and touched a high of $35.15 over the same period. NEP has an average intraday trading volume of 2.09 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -30.67%, -31.60%, and -51.74% respectively.
Institutional ownership of NextEra Energy Partners LP (NYSE: NEP) shares accounts for 60.09% of the company’s 93.50M shares outstanding.
It has a market capitalization of $2.21B and a beta (3y monthly) value of 1.02. The stock’s trailing 12-month PE ratio is 5.42, while the earnings-per-share (ttm) stands at $2.18. The company has a PEG of 5.83 and a Quick Ratio of 1.78 with the debt-to-equity ratio at 1.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.60% over the week and 5.33% over the month.
Analysts forecast that NextEra Energy Partners LP (NEP) will achieve an EPS of 0.13 for the current quarter, 0.51 for the next quarter and 1.82 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.23 while analysts give the company a high EPS estimate of -0.23. Comparatively, EPS for the current quarter was 0.75 a year ago. Earnings per share for the fiscal year are expected to decrease by -13.00%, and 36.96% over the next financial year.
Looking at the support for the NEP, a number of firms have released research notes about the stock. BMO Capital Markets stated their Market Perform rating for the stock in a research note on January 13, 2025, with the firm’s price target at $26-$18. Guggenheim was of a view on October 28, 2024 that the stock is Neutral, while JP Morgan gave the stock Neutral rating on October 24, 2024, issuing a price target of $25- $22. Exane BNP Paribas on their part issued Underperform rating on October 01, 2024.
