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Nextera Energy Partners (NEP)
NYSE:NEP
Nextera Energy Partners (NEP) Stock Price & Analysis
1,328 Followers
NEP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$19.00 - $59.21
Previous Close$27.07
Volume1.26M
Average Volume (3M)1.35M
Market Cap
$5.21B
Enterprise Value$21.71B
Total Cash (Recent Filing)$274.00M
Total Debt (Recent Filing)$6.29B
Price to Earnings (P/E)12.7
Beta0.85
Next Earnings
Apr 23, 2024EPS Estimate
$0.22Last Dividend Ex-Date
Feb 05, 2024Dividend Yield12.58%
Share Statistics
EPS (TTM)2.14
Shares Outstanding93,431,516
10 Day Avg. Volume1,312,286
30 Day Avg. Volume1,349,646
Standard Deviation0.11
R-Squared0.24
Alpha-0.00859
Financial Highlights & Ratios
Price to Book (P/B)-3.00
Price to Sales (P/S)42.64
Price to Cash Flow (P/CF)3.50
P/FCF Ratio4.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue20.14
Enterprise Value/Gross Profit38.91
Enterprise Value/Ebitda188.78
Forecast
1Y Price Target
$32.75Price Target Upside20.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
Nextera Energy Partners News
Bulls Say, Bears Say
Bulls Say
Cash Flow StrengthNEP has ample cash flow to support distributions through 2026.
Dividend StabilityAmple cash flow to support distributions through 2026
Investment AttractivenessAt a 7% yield, attractive for income-seeking investors
Bears Say
Dividend SustainabilityPayout ratio expected to exceed 90% beginning next year, leading to no projected DPU growth for 2025/2026.
Financial PerformanceA 50% distribution cut is seen on the horizon for NEP.
Growth ProspectsSignificant uncertainty on growth prospects remains despite efforts to right-size the business.
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Ownership Overview
0.61% Insiders
15.42% Mutual Funds
5.32% Other Institutional Investors
78.65% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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NEP FAQ
What was Nextera Energy Partners’s price range in the past 12 months?
Nextera Energy Partners lowest stock price was $19.00 and its highest was $59.21 in the past 12 months.
What is Nextera Energy Partners’s market cap?
Currently, no data Available
When is Nextera Energy Partners’s upcoming earnings report date?
Nextera Energy Partners’s upcoming earnings report date is Apr 23, 2024 which is in 4 days.
How were Nextera Energy Partners’s earnings last quarter?
Nextera Energy Partners released its earnings results on Jan 25, 2024. The company reported $1.2 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79.
Is Nextera Energy Partners overvalued?
According to Wall Street analysts Nextera Energy Partners’s price is currently Undervalued.
Does Nextera Energy Partners pay dividends?
Nextera Energy Partners pays a Quarterly dividend of $0.88 which represents an annual dividend yield of 12.58%. See more information on Nextera Energy Partners dividends here
What is Nextera Energy Partners’s EPS estimate?
Nextera Energy Partners’s EPS estimate is $0.22.
How many shares outstanding does Nextera Energy Partners have?
Nextera Energy Partners has 93,539,260 shares outstanding.
What happened to Nextera Energy Partners’s price movement after its last earnings report?
Nextera Energy Partners reported an EPS of $1.2 in its last earnings report, beating expectations of $0.41. Following the earnings report the stock price went up 8.871%.
Which hedge fund is a major shareholder of Nextera Energy Partners?
Among the largest hedge funds holding Nextera Energy Partners’s share is Gamco Investors, Inc. ET AL. It holds Nextera Energy Partners’s shares valued at 7M.
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Nextera Energy Partners Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$32.75 (20.98% Upside)
$32.75 (20.98% Upside)
Blogger Sentiment
Bullish
NEP Sentiment 66%
Sector Average 73%
Sector Average 73%
Hedge Fund Trend
Decreased
By 610.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.7%
Last 30 Days ▼ 8.9%
Last 30 Days ▼ 8.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-51.37%
12-Months-Change
Fundamentals
Return on Equity
-4.44%
Trailing 12-Months
Asset Growth
-2.35%
Trailing 12-Months
Company Description
Nextera Energy Partners
NextEra Energy Partners LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.
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NEP Company Deck
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NEP Earnings Call
Q4 2024
0:00 / 0:00
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NEP Stock 12 Months Forecast
Average Price Target
$32.75
▲(20.98% Upside)
Technical Analysis
Brookfield Renewable Partners
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Atlantica Yield
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American Electric Power
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Duke Energy
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Best Analysts Covering NEP
1 Year
1 Year Success Rate
12/15 ratings generated profit
1 Year Average Return
+13.95%
reiterated a buy rating 17 days ago
Copying Pavel Molchanov's trades and holding each position for 1 Year would result in 80.00% of your transactions generating a profit, with an average return of +13.95% per trade.
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