NextEra Energy Partners LP (NYSE: NEP) is -10.51% 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 $16.75 in the last trading session, with the day’s loss setting it -0.82%.
Currently trading at $15.93, the stock is -9.40% and -8.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.29 million and changing -4.90% at the moment leaves the stock -35.77% off its SMA200. NEP registered -38.94% loss for a year compared to 6-month loss of -43.11%. The firm has a 50-day simple moving average (SMA 50) of $17.524 and a 200-day simple moving average (SMA200) of $24.8674.
The stock witnessed a -8.97% gain in the last 1 month and extending the period to 3 months gives it a -39.18%, and is -5.12% 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 4.02% over the week and 3.66% over the month.
Current P/E ratio is 7.30 and Fwd P/E is 5.59. Profit margin for the company is 17.74%. Distance from 52-week low is 2.44% and -54.68% from its 52-week high. The company has generated returns on investments over the last 12 months (2.40%).
with sales reaching $342.55M over the same period.The EPS is expected to shrink by -12.98% this year, but quarterly earnings will post 17.15% year-over-year. Quarterly sales are estimated to grow 47.65% in year-over-year returns.
390.0 institutions hold shares in NextEra Energy Partners LP (NEP), with institutional investors hold 63.70% of the company’s shares. The shares outstanding are 93.50M, and float is at 90.93M with Short Float at 4.06%. Institutions hold 61.95% 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.
