In the last trading session, 3.05 million shares of the NextEra Energy Partners LP (NYSE:NEP) were traded, and its beta was 1.04. Most recently the company’s share price was $21.10, and it changed around $0.11 or 0.52% from the last close, which brings the market valuation of the company to $1.97B. NEP currently trades at a discount to its 52-week high of $35.15, offering almost -66.59% off that amount. The share price’s 52-week low was $20.28, which indicates that the current value has risen by an impressive 3.89% since then. We note from NextEra Energy Partners LP’s average daily trading volume that its 10-day average is 2.69 million shares, with the 3-month average coming to 1.48 million.
NextEra Energy Partners LP stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 1 out of 13 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 5 recommended NEP as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.
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NextEra Energy Partners LP (NYSE:NEP) trade information
Instantly NEP has showed a green trend with a performance of 0.52% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 26.25 on recent trading dayincreased the stock’s daily price by 19.62%. The company’s shares are currently down -30.61% year-to-date, but still down -19.43% over the last five days. On the other hand, NextEra Energy Partners LP (NYSE:NEP) is -23.19% down in the 30-day period. We can see from the shorts that 4.57 million shares have been sold at a short interest cover period of 3.79 day(s).
The consensus price target as assigned by Wall Street analysts is $32, which translates to bulls needing to increase their stock price by 34.06% from its current value. Analyst projections state that NEP is forecast to be at a low of $20 and a high of $95.
NextEra Energy Partners LP (NEP) estimates and forecasts
NextEra Energy Partners LP share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -27.07 percent over the past six months and at a 420.59% annual growth rate that is well above the industry average of -3.60%.
NEP Dividends
NextEra Energy Partners LP’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 16.80 percent and its annual dividend per share was 3.54. It is important to note, however, that the 16.80% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 5.68 per year.
NextEra Energy Partners LP (NYSE:NEP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.74% of NextEra Energy Partners LP shares, and 63.08% of them are in the hands of institutional investors. The stock currently has a share float of 64.86%. NextEra Energy Partners LP stock is held by 405.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.6374% of the shares, which is about 7.14 million shares worth $197.38 million.
MORGAN STANLEY, with 4.3772% or 4.09 million shares worth $113.12 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
