NextEra Energy Partners LP (NYSE:NEP) has a beta value of 0.98 and has seen 5.05 million shares traded in the recent trading session. The company, currently valued at $2.01B, closed the recent trade at $10.76 per share which meant it lost -$1.07 on the day or -9.04% during that session. The NEP stock price is -226.67% off its 52-week high price of $35.15 and 0.65% above the 52-week low of $10.69. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.68 million shares traded. The 3-month trading volume is 2.40 million shares.
The consensus among analysts is that NextEra Energy Partners LP (NEP) is Buy stock at the moment, with a recommendation rating of 3.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 9 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.13.
NextEra Energy Partners LP (NYSE:NEP) trade information
Sporting -9.04% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NEP stock price touched $10.76 or saw a rise of 37.0%. Year-to-date, NextEra Energy Partners LP shares have moved -39.55%, while the 5-day performance has seen it change -32.45%. Over the past 30 days, the shares of NextEra Energy Partners LP (NYSE:NEP) have changed -39.14%. Short interest in the company has seen 3.69 million shares shorted with days to cover at 2.32.
Wall Street analysts have a consensus price target for the stock at $21, which means that the shares’ value could jump 48.76% from the levels at last check today. The projected low price target is $18.0 while the price target rests at a high of $28.0. In that case, then, we find that the latest price level in today’s session is -160.22% off the targeted high while a plunge would see the stock gain -67.29% from the levels at last check today.
NextEra Energy Partners LP (NEP) estimates and forecasts
Figures show that NextEra Energy Partners LP shares have underperformed across the wider relevant industry. The company’s shares have lost -59.76% over the past 6 months, with this year growth rate of -21.43%, compared to -1.60% for the industry. Revenue growth from the last financial year stood is estimated to be 9.93%.
1 analysts offering their estimates for the company have set an average revenue estimate of 300.27M for the current quarter. 1 have an estimated revenue figure of 366.72M for the next ending quarter. Year-ago sales stood 257M and 360M respectively for this quarter and the next, and analysts expect sales will grow by 16.84% for the current quarter and 9.93% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 41.00% over the past 5 years. Earnings growth for 2025 is a modest 37.73% while over the next 5 years, the company’s earnings are expected to increase by 7.96%.
NEP Dividends
NextEra Energy Partners LP is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.60 at a share yield of 33.41%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 6.48%.
NextEra Energy Partners LP (NYSE:NEP)’s Major holders
Insiders own 2.74% of the company shares, while shares held by institutions stand at 62.33% with a share float percentage of 64.09%. Investors are also buoyed by the number of investors in a company, with NextEra Energy Partners LP having a total of 389.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 7.14 million shares worth more than $197.38 million. As of 2024-06-30, BLACKROCK INC. held 7.6374% of shares outstanding.
The other major institutional holder is MORGAN STANLEY, with the holding of over 4.09 million shares as of 2024-06-30. The firm’s total holdings are worth over $113.12 million and represent 4.3772% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are First Trust North American Energy Infrastructure Fund and NYLI CBRE Global Infrastructure Megatrends Term Fund. As of Nov 30, 2024, the former fund manager holds about 1.16% shares in the company for having 1.08 shares of worth $11.53 million while later fund manager owns 794.85 shares of worth $8.45 million as of Nov 30, 2024, which makes it owner of about 0.85% of company’s outstanding stock.
