At the time of writing, NextEra Energy Partners LP [NEP] stock is trading at $28.35, up 3.20%. 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 gain 4.61% over the last week, with a monthly amount drifted -5.03%, and not seem to be holding up well over a long-time horizon.
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On 25, January 2024, NextEra Energy fourth-quarter and full-year 2023 financial results available on company’s website. In a post published today on Yahoo Finance, NextEra Energy, Inc. (NYSE: NEE) has posted its fourth-quarter and full-year 2023 financial results in a news release available on the company’s website by accessing the following link: www.NextEraEnergy.com/FinancialResults.
From an analyst’s perspective:
NextEra Energy Partners LP [NYSE: NEP] stock has seen the most recent analyst activity on February 13, 2024, when Evercore ISI initiated its Outperform rating and assigned the stock a price target of $43. Previously, CIBC downgraded its rating to Neutral on January 09, 2024. On November 09, 2023, downgrade downgraded it’s rating to Sell but maintained its price target of $15.50 on the stock. UBS downgraded its rating to a Neutral and decreased its price target to $20 on October 10, 2023. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $33 on October 02, 2023. Oppenheimer downgraded its rating to Perform for this stock on September 28, 2023. In a note dated September 28, 2023, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $69 to $40.
For the past year, the stock price of NextEra Energy Partners LP fluctuated between $20.17 and $67.68. Currently, Wall Street analysts expect the stock to reach $79.4 within the next 12 months. NextEra Energy Partners LP [NYSE: NEP] shares were valued at $28.35 at the most recent close of the market. An investor can expect a potential return of 180.07% based on the average NEP price forecast.
Analyzing the NEP fundamentals
According to NextEra Energy Partners LP [NYSE:NEP], the company’s sales were 1.25B for trailing twelve months, which represents an -12.78% plunge. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.76.
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 27.50 points at the first support level, and at 26.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.87, and for the 2nd resistance point, it is at 29.38.
NextEra Energy Partners LP [NEP] reported earnings per share of $1.2 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.16/share, meaning a difference of $1.04 and a surprise factor of 650.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.57 per share as compared to estimates of $0.45 per share, a difference of $0.12 representing a surprise of 26.70%.
Ratios To Look Out For
It is important to note that NextEra Energy Partners LP [NYSE:NEP] has a current ratio of 1.33. Also, the Quick Ratio is 1.28, while the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 2.11, the price to book ratio is 0.74 and price to earnings (TTM) ratio is 13.27.
Transactions by insiders
Recent insider trading involved Kind Peter H, Director, that happened on Apr 27 when 1750.0 shares were purchased.
