NextEra Energy Partners LP (NYSE: NEP) is 5.06% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NEP stock was last observed hovering at around $18.18 in the last trading session, with the day’s gains setting it 0.52%.
Currently trading at $18.70, the stock is 5.02% and 3.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing 2.86% at the moment leaves the stock -26.44% off its SMA200. NEP registered -37.65% loss for a year compared to 6-month loss of -29.17%. The firm has a 50-day simple moving average (SMA 50) of $18.042 and a 200-day simple moving average (SMA200) of $25.4197.
The stock witnessed a -0.21% gain in the last 1 month and extending the period to 3 months gives it a -27.52%, and is 5.77% 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 3.53% over the week and 3.73% over the month.
Current P/E ratio is 8.57 and Fwd P/E is 4.61. Profit margin for the company is 17.74%. Distance from 52-week low is 20.26% and -46.80% from its 52-week high. The company has generated returns on investments over the last 12 months (2.40%).
The EPS is expected to grow by 43.97% this year.
NextEra Energy Partners LP (NEP) Top Institutional Holders
397.0 institutions hold shares in NextEra Energy Partners LP (NEP), with institutional investors hold 62.51% of the company’s shares. The shares outstanding are 93.50M, and float is at 90.93M with Short Float at 4.32%. 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.
NextEra Energy Partners LP (NEP) Insider Activity
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