NextEra Energy Partners LP (NYSE: NEP) is -33.54% lower on its value in year-to-date trading and has touched a low of $15.25 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 $15.80 in the last trading session, with the day’s loss setting it -3.97%.
Currently trading at $11.83, the stock is -30.67% and -31.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 21.87 million and changing -25.13% at the moment leaves the stock -51.74% off its SMA200. NEP registered -59.49% loss for a year compared to 6-month loss of -54.85%. The firm has a 50-day simple moving average (SMA 50) of $17.378 and a 200-day simple moving average (SMA200) of $24.5974.
The stock witnessed a -33.46% gain in the last 1 month and extending the period to 3 months gives it a -43.64%, and is -29.37% 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 10.60% over the week and 5.33% over the month.
Current P/E ratio is 5.42 and Fwd P/E is 4.54. Profit margin for the company is 17.74%. Distance from 52-week low is -22.43% and -66.34% from its 52-week high. The company has generated returns on investments over the last 12 months (2.40%).
The EPS is expected to shrink by -18.11% this year.
NextEra Energy Partners LP (NEP) Top Institutional Holders
389.0 institutions hold shares in NextEra Energy Partners LP (NEP), with institutional investors hold 64.09% of the company’s shares. The shares outstanding are 93.50M, and float is at 90.93M with Short Float at 5.11%. Institutions hold 62.33% 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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