On Monday, NextEra Energy Partners LP (NYSE: NEP) opened higher 12.59% from the last session, before settling in for the closing price of $17.47. Price fluctuations for NEP have ranged from $15.55 to $35.15 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 7.45%. Company’s average yearly earnings per share was noted 48.69% at the time writing. With a float of $90.93 million, this company’s outstanding shares have now reached $93.50 million.
In terms of profitability, gross margin is 19.32%, operating margin of 2.34%, and the pretax margin is -16.46%.
NextEra Energy Partners LP (NEP) Insider Activity
A key investor’s attitude towards the stock of the Utilities – Renewable industry is another important factor to consider. The insider ownership of NextEra Energy Partners LP is 2.79%, while institutional ownership is 58.44%.
NextEra Energy Partners LP (NEP) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 1.2 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.22) by 0.98. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.4 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 48.69% per share during the next fiscal year.
NextEra Energy Partners LP (NYSE: NEP) Trading Performance Indicators
Check out the current performance indicators for NextEra Energy Partners LP (NEP). In the past quarter, the stock posted a quick ratio of 1.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.20. Likewise, its price to free cash flow for the trailing twelve months is 12.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.18, a number that is poised to hit 0.81 in the next quarter and is forecasted to reach 3.92 in one year’s time.
Technical Analysis of NextEra Energy Partners LP (NEP)
Compared to the last year’s volume of 1.59 million, its volume of 2.3 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 89.73%. Additionally, its Average True Range was 0.89.
During the past 100 days, NextEra Energy Partners LP’s (NEP) raw stochastic average was set at 30.56%, which indicates a significant decrease from 92.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.77% in the past 14 days, which was higher than the 54.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.71, while its 200-day Moving Average is $26.54. Nevertheless, the first resistance level for the watch stands at $20.54 in the near term. At $21.42, the stock is likely to face the second major resistance level. The third major resistance level sits at $22.81. If the price goes on to break the first support level at $18.27, it is likely to go to the next support level at $16.88. Should the price break the second support level, the third support level stands at $16.00.
NextEra Energy Partners LP (NYSE: NEP) Key Stats
There are currently 93,534K shares outstanding in the company with a market cap of 3.68 billion. Presently, the company’s annual sales total 1,078 M according to its annual income of 200,000 K. Last quarter, the company’s sales amounted to 319,000 K and its income totaled -40,000 K.
