NextEra Energy Partners LP (NYSE: NEP) is -12.33% lower on its value in year-to-date trading and has touched a low of $20.17 and a high of $35.15 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 $26.96 in the last trading session, with the day’s loss setting it -0.3%.
Currently trading at $26.66, the stock is 2.38% and 3.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing -1.11% at the moment leaves the stock -5.96% off its SMA200. NEP registered 7.76% gain for a year compared to 6-month loss of -8.04%. The firm has a 50-day simple moving average (SMA 50) of $25.6766 and a 200-day simple moving average (SMA200) of $28.33035.
The stock witnessed a 7.85% gain in the last 1 month and extending the period to 3 months gives it a -0.07%, and is -3.34% down 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 2.28% over the week and 2.50% over the month.
Current P/E ratio is 8.39 and Fwd P/E is 12.62. Profit margin for the company is 24.81%. Distance from 52-week low is 32.18% and -24.15% from its 52-week high. The company has generated returns on investments over the last 12 months (3.51%).
The EPS is expected to grow by 17.45% this year
404.0 institutions hold shares in NextEra Energy Partners LP (NEP), with institutional investors hold 66.11% 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 64.29% 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.
