Within its last year performance, NEP fell by -42.75%, with highs and lows ranging from $35.15 to $15.55, whereas the simple moving average fell by -32.43% in the last 200 days.
On December 02, 2024, Morgan Stanley Upgraded NextEra Energy Partners LP (NYSE: NEP) to Overweight. A report published by Guggenheim on October 28, 2024, Downgraded its rating to ‘Neutral’ for NEP. JP Morgan also Upgraded NEP shares as ‘Neutral’, setting a target price of $22 on the company’s shares in a report dated October 24, 2024. Exane BNP Paribas Initiated an Underperform rating on October 01, 2024, and assigned a price target of $15. Jefferies initiated its ‘Buy’ rating for NEP, as published in its report on September 19, 2024. Morgan Stanley’s report from July 31, 2024 suggests a price prediction of $20 for NEP shares, giving the stock a ‘Underweight’ rating. Wolfe Research also rated the stock as ‘Peer Perform’.
Analysis of NextEra Energy Partners LP (NEP)
NEP currently pays a dividend of $3.60 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -12.98%, showing a negative trend in the upcoming months.
In order to gain a clear picture of NextEra Energy Partners LP’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. 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.
An average volume of 2.03M can be a very valuable indicator of volatility for NEP stock. On a monthly basis, the volatility of the stock is set at 4.17%, whereas on a weekly basis, it is put at 3.54%, with a loss of -0.79% over the past seven days. Furthermore, long-term investors anticipate a median target price of $22.07, showing growth from the present price of $17.50, 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 USA based company NextEra Energy Partners LP (NEP) is one of the biggest names in Utilities – Renewable. 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 8.02, there is a growth in quarterly earnings of -175.40%.
In addition to the fundamentals, you should also consider how many employees own shares in 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 58.47% 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 58.47% at present.
