NextEra Energy Partners LP [NYSE: NEP] stock went on a downward path that fall over -5.54% on Tuesday, amounting to a one-week price decrease of less than -23.20%.
Over the last 12 months, NEP stock dropped by -29.80%. The one-year NextEra Energy Partners LP stock forecast points to a potential upside of 17.19. The average equity rating for NEP stock is currently 3.11, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.80 billion, with 93.40 million shares outstanding and 90.93 million shares in the current float. Compared to the average trading volume of 1.49M shares, NEP stock reached a trading volume of 4750337 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on NextEra Energy Partners LP [NEP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NEP shares is $23.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NEP stock is a recommendation set at 3.11. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Guggenheim have made an estimate for NextEra Energy Partners LP shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 28, 2024. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $25 to $22. The new note on the price target was released on October 24, 2024, representing the official price target for NextEra Energy Partners LP stock. Previously, the target price had yet another raise to $15, while Exane BNP Paribas analysts kept a Underperform rating on NEP stock.
The Average True Range (ATR) for NextEra Energy Partners LP is set at 0.95, with the Price to Sales ratio for NEP stock in the period of the last 12 months amounting to 1.57. The Price to Book ratio for the last quarter was 0.53, with the Price to Cash per share for the same quarter was set at 3.70. Price to Free Cash Flow for NEP in the course of the last twelve months was 5.97 with Quick ratio for the last quarter at 1.78.
NEP Stock Performance Analysis:
NextEra Energy Partners LP [NEP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -23.20. With this latest performance, NEP shares dropped by -30.23% in over the last four-week period, additionally sinking by -32.05% over the last 6 months – not to mention a drop of -29.80% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NEP stock in for the last two-week period is set at 21.31, with the RSI for the last a single of trading hit 14.96, and the three-weeks RSI is set at 26.61 for NextEra Energy Partners LP [NEP]. The present Moving Average for the last 50 days of trading for this stock 25.22, while it was recorded at 20.55 for the last single week of trading, and 27.78 for the last 200 days.
Insight into NextEra Energy Partners LP Fundamentals:
NextEra Energy Partners LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.78 and a Current Ratio set at 2.02.
NEP Stock EPS
With the latest financial reports released by the company, NextEra Energy Partners LP posted 1.2/share EPS, while the average EPS was predicted by analysts to be reported at 0.16/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.04. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NEP.
NextEra Energy Partners LP [NEP] Institutonal Ownership Details
There are presently around $63.20%, or 64.98%% of NEP stock, in the hands of institutional investors. The top three institutional holders of NEP stocks are: BLACKROCK INC. with ownership of 7.14 million shares, which is approximately 7.6374%. MORGAN STANLEY, holding 4.09 million shares of the stock with an approximate value of $$113.12 million in NEP stocks shares; and MORGAN STANLEY, currently with $$111.32 million in NEP stock with ownership which is approximately 4.3077%.
