NextEra Energy Partners LP (NYSE: NEP) is -9.31% lower on its value in year-to-date trading and has touched a low of $20.17 and a high of $48.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NEP stock was last observed hovering at around $26.82 in the last trading session, with the day’s gains setting it 0.76%.
Currently trading at $27.58, the stock is 8.60% and 7.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing 2.83% at the moment leaves the stock -2.65% off its SMA200. NEP registered -43.06% loss for a year compared to 6-month loss of -1.18%. The firm has a 50-day simple moving average (SMA 50) of $25.6722 and a 200-day simple moving average (SMA200) of $28.3396.
The stock witnessed a 7.48% gain in the last 1 month and extending the period to 3 months gives it a -2.06%, and is 6.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.36% over the week and 2.71% over the month.
Current P/E ratio is 8.68 and Fwd P/E is 15.37. Profit margin for the company is 24.81%. Distance from 52-week low is 36.74% and -43.59% from its 52-week high. The company has generated returns on investments over the last 12 months (3.51%).
NextEra Energy Partners LP quarterly earnings per share for the current quarter are estimated at 0.55 with sales reaching $348M over the same period.The EPS is expected to grow by 19.24% this year, but quarterly earnings will post 20.60% year-over-year. Quarterly sales are estimated to shrink -18.10% in year-over-year returns.
408.0 institutions hold shares in NextEra Energy Partners LP (NEP), with institutional investors hold 66.65% of the company’s shares. The shares outstanding are 93.40M, and float is at 90.93M with Short Float at 5.36%. Institutions hold 64.83% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.14 million shares valued at $197.38 million. The investor’s holdings represent 7.6374 of the NEP Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 4.09 million shares valued at $113.12 million to account for 4.3772 of the shares outstanding. The other top investors are CLEARBRIDGE INVESTMENTS LTD which holds 4.03 million shares representing 4.3077 and valued at over $111.32 million, while FMR LLC holds 3.826 of the shares totaling 3.58 million with a market value of $98.88 million.
