NextEra Energy Partners LP (NYSE: NEP) has a higher price-to-earnings ratio of 8.06x compared to its average ratio, The 36-month beta value for NEP is at 1.03. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for NEP is 90.93M, and currently, shorts hold a 3.43% of that float. The average trading volume for NEP on October 16, 2024 was 1.31M shares.
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NEP) stock’s latest price update
The stock of NextEra Energy Partners LP (NYSE: NEP) has decreased by -1.31 when compared to last closing price of 25.96.Despite this, the company has seen a gain of 1.18% in its stock price over the last five trading days. zacks.com reported 2024-10-15 that NextEra Energy Partners (NEP) closed the most recent trading day at $25.62, moving -1.31% from the previous trading session.
NEP’s Market Performance
NEP’s stock has risen by 1.18% in the past week, with a monthly drop of -0.62% and a quarterly drop of -7.31%. The volatility ratio for the week is 2.36% while the volatility levels for the last 30 days are 2.48% for NextEra Energy Partners LP The simple moving average for the last 20 days is -2.79% for NEP’s stock, with a simple moving average of -8.86% for the last 200 days.
Analysts’ Opinion of NEP
Many brokerage firms have already submitted their reports for NEP stocks, with Exane BNP Paribas repeating the rating for NEP by listing it as a “Underperform.” The predicted price for NEP in the upcoming period, according to Exane BNP Paribas is $15 based on the research report published on October 01, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see NEP reach a price target of $28. The rating they have provided for NEP stocks is “Buy” according to the report published on September 19th, 2024.
Morgan Stanley gave a rating of “Underweight” to NEP, setting the target price at $20 in the report published on July 31st of the current year.
NEP Trading at 0.29% from the 50-Day Moving Average
After a stumble in the market that brought NEP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.11% of loss for the given period.
Volatility was left at 2.48%, however, over the last 30 days, the volatility rate increased by 2.36%, as shares surge +0.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.03% upper at present.
During the last 5 trading sessions, NEP rose by +1.18%, which changed the moving average for the period of 200-days by -16.57% in comparison to the 20-day moving average, which settled at $26.36. In addition, NextEra Energy Partners LP saw -15.75% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NEP
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.23 for the gross margin
The net margin for NextEra Energy Partners LP stands at 0.25. The total capital return value is set at 0.0. Equity return is now at value -1.58, with -0.25 for asset returns.
Based on NextEra Energy Partners LP (NEP), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.63. The interest coverage ratio of the stock is 0.18.
Currently, EBITDA for the company is 575.0 million with net debt to EBITDA at 7.9. When we switch over and look at the enterprise to sales, we see a ratio of 6.53. The receivables turnover for the company is 1.24for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
In conclusion, NextEra Energy Partners LP (NEP) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
