Positives for NextEra Energy Partners LP (NEP) as stock gains in recent trading

NextEra Energy Partners LP (NYSE: NEP) is -42.55% lower on its value in year-to-date trading and has touched a low of $15.55 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 $17.47 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $17.47, the stock is 0.29% and -20.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.69 million and changing 0.00% at the moment leaves the stock -34.30% off its SMA200. NEP registered -25.25% loss for a year compared to 6-month loss of -48.18%. The firm has a 50-day simple moving average (SMA 50) of $21.8602 and a 200-day simple moving average (SMA200) of $26.58955.

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The stock witnessed a -8.96% gain in the last 1 month and extending the period to 3 months gives it a -30.26%, and is 6.85% 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 2.97% over the week and 3.99% over the month.

Current P/E ratio is 8.00 and Fwd P/E is 4.65. Profit margin for the company is 17.74%. Distance from 52-week low is 12.35% and -50.30% from its 52-week high. The company has generated returns on investments over the last 12 months (2.40%).

with sales reaching $326.35M over the same period.The EPS is expected to grow by 46.86% this year, but quarterly earnings will post 18.01% year-over-year. Quarterly sales are estimated to grow 40.67% in year-over-year returns.

NextEra Energy Partners LP (NEP) Top Institutional Holders

401.0 institutions hold shares in NextEra Energy Partners LP (NEP), with institutional investors hold 62.52% of the company’s shares. The shares outstanding are 93.40M, and float is at 90.93M with Short Float at 3.87%. Institutions hold 60.80% 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.