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Nextera Energy Partners (NEP)
NYSE:NEP
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NEP Stock Chart & Stats
Day’s Range― - ―
52-Week Range$15.55 - $35.15
Previous CloseN/A
Volume378.58K
Average Volume (3M)1.41M
Market Cap
$3.14B
Enterprise Value$17.60B
Total Cash (Recent Filing)$150.00M
Total Debt (Recent Filing)$3.51B
Price to Earnings (P/E)7.7
Beta0.77
Next Earnings
Jan 24, 2025EPS Estimate
0.68Last Dividend Ex-Date
Nov 06, 2024Dividend Yield21.41%
Share Statistics
EPS (TTM)2.18
Shares Outstanding93,534,180
10 Day Avg. Volume1,353,230
30 Day Avg. Volume1,408,812
Standard Deviation0.12
R-Squared0.20
Alpha-0.02
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.34
Price to Cash Flow (P/CF)1.90
P/FCF Ratio2.60
Enterprise Value/Market Cap5.61
Enterprise Value/Revenue17.67
Enterprise Value/Gross Profit31.54
Enterprise Value/Ebitda46.08
Forecast
1Y Price Target
$22.00Price Target Upside31.19% Upside
Rating ConsensusHold
Number of Analyst Covering12
Nextera Energy Partners News
Bulls Say, Bears Say
Bulls Say
Dividend StrategyA dividend cut would allow NEP to meet its obligations and potentially pivot towards growth in the future.
Financial StrategyManagement has taken steps including slowing its distribution growth and selling assets to address the company's near-term maturities.
Investment AppealNEP has the advantage over similar yield-oriented vehicles, including MLPs, as it can be held by a wider number of shareholders given it can file a 1099 tax form vs a K-1.
Bears Say
Financial PerformanceAdjusted EBITDA was 11% below consensus expectations.
Interest Rates ImpactThe potential for persistently higher rates and the associated negative impact on both yield-oriented names and especially renewable-exposed stocks.
Market UncertaintyThe lack of liquidity/sub $1.7bn market cap creates significant uncertainty for the company.
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Ownership Overview
0.29% Insiders
5.34% Mutual Funds
1.02% Other Institutional Investors
88.03% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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NEP FAQ
What was Nextera Energy Partners’s price range in the past 12 months?
Nextera Energy Partners lowest stock price was $15.55 and its highest was $35.15 in the past 12 months.
What is Nextera Energy Partners’s market cap?
Nextera Energy Partners’s market cap is $3.14B.
When is Nextera Energy Partners’s upcoming earnings report date?
Nextera Energy Partners’s upcoming earnings report date is Jan 24, 2025 which is in 6 days.
How were Nextera Energy Partners’s earnings last quarter?
Nextera Energy Partners released its earnings results on Oct 23, 2024. The company reported -$0.43 earnings per share for the quarter, missing the consensus estimate of $0.432 by -$0.862.
Is Nextera Energy Partners overvalued?
According to Wall Street analysts Nextera Energy Partners’s price is currently Undervalued.
Does Nextera Energy Partners pay dividends?
Nextera Energy Partners pays a Quarterly dividend of $3.592 which represents an annual dividend yield of 21.41%. See more information on Nextera Energy Partners dividends here
What is Nextera Energy Partners’s EPS estimate?
Nextera Energy Partners’s EPS estimate is 0.68.
How many shares outstanding does Nextera Energy Partners have?
Nextera Energy Partners has 93,534,180 shares outstanding.
What happened to Nextera Energy Partners’s price movement after its last earnings report?
Nextera Energy Partners reported an EPS of -$0.43 in its last earnings report, missing expectations of $0.432. Following the earnings report the stock price went down -16.264%.
Which hedge fund is a major shareholder of Nextera Energy Partners?
Among the largest hedge funds holding Nextera Energy Partners’s share is Gamco Investors, Inc. ET AL. It holds Nextera Energy Partners’s shares valued at 7M.
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Nextera Energy Partners Stock Smart Score
Unlock Smart Score
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10
Analyst Consensus
Hold
Average Price Target:
$22.00 (31.19% Upside)
$22.00 (31.19% Upside)
Blogger Sentiment
Bullish
NEP Sentiment 87%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 229.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.2%
Last 30 Days ▼ 3.6%
Last 30 Days ▼ 3.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-30.04%
12-Months-Change
Fundamentals
Return on Equity
-4.29%
Trailing 12-Months
Asset Growth
-9.95%
Trailing 12-Months
Company Description
Nextera Energy Partners
NextEra Energy Partners LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.
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NEP Company Deck
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NEP Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call presented a strong financial and operational performance by NextEra Energy, highlighting significant achievements in renewable energy expansion and resilience during hurricanes. However, challenges from hurricane recovery costs and a decline in the customer supply and trading business were notable lowlights.Read More>---
NEP Stock 12 Month Forecast
Average Price Target
$22.00
▲(31.19% Upside)
Technical Analysis
Best Analysts Covering NEP
1 Year
1 Year Success Rate
7/8 ratings generated profit
1 Year Average Return
+21.36%
reiterated a sell rating 3 months ago
Copying Angie Storozynski's trades and holding each position for 1 Year would result in 87.50% of your transactions generating a profit, with an average return of +21.36% per trade.
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