While NextEra Energy Partners LP has overperformed by 0.83%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NEP fell by -28.52%, with highs and lows ranging from $35.15 to $19.16, whereas the simple moving average fell by -30.14% in the last 200 days.
On October 28, 2024, Guggenheim Downgraded NextEra Energy Partners LP (NYSE: NEP) to Neutral. A report published by JP Morgan on October 24, 2024, Upgraded its rating to ‘Neutral’ for NEP. Exane BNP Paribas also rated NEP shares as ‘Underperform’, setting a target price of $15 on the company’s shares in an initiating report dated October 01, 2024. Jefferies Initiated an Buy rating on September 19, 2024, and assigned a price target of $28. Morgan Stanley July 31, 2024d its ‘Equal-Weight’ rating to ‘Underweight’ for NEP, as published in its report on July 31, 2024. Raymond James also rated the stock as ‘Mkt Perform’.
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Analysis of NextEra Energy Partners LP (NEP)
Investors in NextEra Energy Partners LP will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $3.54 per share. Further, the quarter-over-quarter decrease in sales is -12.98%, showing a negative trend in the upcoming months.
One of the most important indicators of NextEra Energy Partners LP’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -4.29% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.78, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and NEP is recording 1.55M average volume. On a monthly basis, the volatility of the stock is set at 3.44%, whereas on a weekly basis, it is put at 3.74%, with a loss of -7.81% over the past seven days. Furthermore, long-term investors anticipate a median target price of $23.27, showing growth from the present price of $19.35, which can serve as yet another indication of whether NEP is worth investing in or should be passed over.
How Do You Analyze NextEra Energy Partners LP Shares?
The Utilities – Renewable market is dominated by NextEra Energy Partners LP (NEP) based in the USA. When comparing NextEra Energy Partners LP shares with other companies under Utilities, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 8.86, there is a growth in quarterly earnings of -175.40%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.79%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 60.71% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NEP shares are owned by institutional investors to the tune of 60.71% at present.
