NextEra Energy Partners LP (NEP) Stock Down -1.01%: Latest Performance Analysis

Currently, NextEra Energy Partners LP [NEP] is trading at $58.89, down -1.01%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NEP shares have lost -0.84% over the last week, with a monthly amount glided 5.27%, and seem to be holding up well over a long-time horizon.

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On 8, May 2023, NextEra Energy Partners, LP announces plan to become the leading 100% renewables pure-play investment opportunity. In a post published today on Yahoo Finance, Capitalizes on the clean energy transition and intends to reach Real Zero carbon emissions in 2025.

From an analyst’s perspective:

This stock has fluctuated between a low of $51.58 and a high of $86.06 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $77.29 within the next 12 months. NextEra Energy Partners LP [NYSE: NEP] shares were valued at $58.89 at the most recent close of the market. An investor can expect a potential return of 31.24% based on the average NEP price forecast.

Analyzing the NEP fundamentals

Recent quarter sales for NextEra Energy Partners LP [NYSE:NEP] were 303.0 billion which represents 7.10% growth. Gross Margin for this corporation currently stands at +17.34% with Operating Margin at +13.29%, Pretax Margin comes in at +106.69%, and Net Margin reading is +39.39%. To continue investigating profitability, this company’s Return on Assets is posted at 2.27, Equity is 15.14, Total Capital is 0.88, and Invested Capital is 5.64. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 61.51 and enduring liabilities to the whole assets at 23.05.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 58.21 points at the first support level, and at 57.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.45, and for the 2nd resistance point, it is at 60.00.

NextEra Energy Partners LP [NEP] reported earnings per share of -$0.17 for its fiscal quarter that ended on 3/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.59/share, meaning a difference of -$0.76 and a surprise factor of -128.80%. By comparison, the stated earnings for the previous quarter ended on 12/30/2022 were $0.4 per share as compared to estimates of $0.54 per share, a difference of -$0.14 representing a surprise of -25.90%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for NextEra Energy Partners LP [NYSE:NEP] is 1.40. Also, the Quick Ratio is 1.37, while the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 4.91, the price to book ratio is 1.82 and the P/E (TTM) ratio is 15.64.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 2 insider buyings of 1,750 shares and 0 insider sellings of 0 shares. Recent insider trading involved Kind Peter H, Director, that happened on Apr 27 when 1750.0 shares were purchased.