While NextEra Energy Partners LP has overperformed by 2.01%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NEP fell by -58.54%, with highs and lows ranging from $67.68 to $20.17, whereas the simple moving average fell by -31.28% in the last 200 days.
On February 13, 2024, Evercore ISI started tracking NextEra Energy Partners LP (NYSE: NEP) recommending Outperform. A report published by CIBC on January 09, 2024, Downgraded its rating to ‘Neutral’ for NEP. Seaport Research Partners also Downgraded NEP shares as ‘Sell’, setting a target price of $15.50 on the company’s shares in a report dated November 09, 2023. UBS October 10, 2023d the rating to Neutral on October 10, 2023, and set its price target from $74 to $20. Wells Fargo October 02, 2023d its ‘Overweight’ rating to ‘Equal Weight’ for NEP, as published in its report on October 02, 2023. JP Morgan also rated the stock as ‘Neutral’.
Analysis of NextEra Energy Partners LP (NEP)
The current dividend for NEP investors is set at $3.44 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -12.78%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of NextEra Energy Partners LP’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -4.44% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.28, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and NEP is recording an average volume of 1.48M. On a monthly basis, the volatility of the stock is set at 3.28%, whereas on a weekly basis, it is put at 2.97%, with a gain of 1.40% over the past seven days. Furthermore, long-term investors anticipate a median target price of $33.36, showing growth from the present price of $27.47, 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?
NextEra Energy Partners LP (NEP) is based in the USA and is one of the most prominent companies operating in the Utilities – Renewable market. 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 12.85, there is a growth in quarterly earnings of 196.37%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 1.19%. 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 67.67% 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 67.67% at present.
