NextEra Energy Partners LP (NYSE: NEP) kicked off on Friday, up 0.69% from the previous trading day, before settling in for the closing price of $26.01. Over the past 52 weeks, NEP has traded in a range of $21.70-$35.15.
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A company in the Utilities sector has jumped its sales by 7.45% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 26.90%. With a float of $90.93 million, this company’s outstanding shares have now reached $93.40 million.
In terms of profitability, gross margin is 22.55%, operating margin of 4.24%, and the pretax margin is 2.16%.
NextEra Energy Partners LP (NEP) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Utilities – Renewable Industry. The insider ownership of NextEra Energy Partners LP is 2.79%, while institutional ownership is 60.77%.
NextEra Energy Partners LP (NEP) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.57 earnings per share (EPS), higher than consensus estimate (set at 0.45) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 26.90% per share during the next fiscal year.
NextEra Energy Partners LP (NYSE: NEP) Trading Performance Indicators
Take a look at NextEra Energy Partners LP’s (NEP) current performance indicators. Last quarter, stock had a quick ratio of 1.22. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.05. Likewise, its price to free cash flow for the trailing twelve months is 16.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.18, a number that is poised to hit 0.59 in the next quarter and is forecasted to reach 2.33 in one year’s time.
Technical Analysis of NextEra Energy Partners LP (NEP)
Let’s dig in a bit further. During the last 5-days, its volume was 1.01 million. That was inferior than the volume of 1.4 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 85.87%. Additionally, its Average True Range was 0.67.
During the past 100 days, NextEra Energy Partners LP’s (NEP) raw stochastic average was set at 23.31%, which indicates a significant decrease from 59.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.57% in the past 14 days, which was lower than the 40.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.65, while its 200-day Moving Average is $28.05. However, in the short run, NextEra Energy Partners LP’s stock first resistance to watch stands at $26.31. Second resistance stands at $26.44. The third major resistance level sits at $26.66. If the price goes on to break the first support level at $25.96, it is likely to go to the next support level at $25.74. Assuming the price breaks the second support level, the third support level stands at $25.61.
NextEra Energy Partners LP (NYSE: NEP) Key Stats
The company with the Market Capitalisation of 2.45 billion has total of 93,539K Shares Outstanding. Its annual sales at the moment are 1,078 M in contrast with the sum of 200,000 K annual income. Company’s last quarter sales were recorded 360,000 K and last quarter income was 62,000 K.
