NextEra Energy Partners LP (NYSE: NEP) on Friday, soared 0.52% from the previous trading day, before settling in for the closing price of $20.99. Within the past 52 weeks, NEP’s price has moved between $20.28 and $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. The company achieved an average annual earnings per share of 2.65%. 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 -477.16%, operating margin of 17.24%, and the pretax margin is -82.33%.
NextEra Energy Partners LP (NEP) Insider and Institutional Ownership
Observing investor behavior towards Utilities – Renewable industry stocks is more important than anything else. The insider ownership of NextEra Energy Partners LP is 2.79%, while institutional ownership is 60.63%.
NextEra Energy Partners LP (NEP) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.2 earnings per share (EPS) for the period topping the consensus outlook (set at 0.16) by 1.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.32 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.65% per share during the next fiscal year.
NextEra Energy Partners LP (NYSE: NEP) Trading Performance Indicators
NextEra Energy Partners LP (NEP) is currently performing well based on its current performance indicators. A quick ratio of 1.78 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.72. Likewise, its price to free cash flow for the trailing twelve months is 6.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.18, a number that is poised to hit 0.70 in the next quarter and is forecasted to reach 2.51 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 4.38 million. That was better than the volume of 1.47 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 9.36%. Additionally, its Average True Range was 0.95.
During the past 100 days, NextEra Energy Partners LP’s (NEP) raw stochastic average was set at 6.20%, which indicates a significant decrease from 13.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 77.00% in the past 14 days, which was higher than the 49.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.45, while its 200-day Moving Average is $27.87. However, in the short run, NextEra Energy Partners LP’s stock first resistance to watch stands at $21.52. Second resistance stands at $21.95. The third major resistance level sits at $22.32. If the price goes on to break the first support level at $20.73, it is likely to go to the next support level at $20.36. The third support level lies at $19.93 if the price breaches the second support level.
NextEra Energy Partners LP (NYSE: NEP) Key Stats
Market capitalization of the company is 1.97 billion based on 93,539K outstanding shares. Right now, sales total 1,078 M and income totals 200,000 K. The company made 319,000 K in profit during its latest quarter, and -40,000 K in sales during its previous quarter.
