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Nextera Energy Partners (NEP)
NYSE:NEP
Holding NEP?
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NEP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$15.55 - $35.15
Previous Close$17.91
Volume1.51M
Average Volume (3M)2.03M
Market Cap
$3.35B
Enterprise Value$18.42B
Total Cash (Recent Filing)$290.00M
Total Debt (Recent Filing)$5.17B
Price to Earnings (P/E)8.2
Beta0.81
Next Earnings
Jan 24, 2025EPS Estimate
$0.71Last Dividend Ex-Date
Nov 06, 2024Dividend Yield20.07%
Share Statistics
EPS (TTM)2.18
Shares Outstanding93,534,176
10 Day Avg. Volume1,777,290
30 Day Avg. Volume2,027,217
Standard Deviation0.12
R-Squared0.21
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)-298.50
Price to Sales (P/S)1.43
Price to Cash Flow (P/CF)2.00
P/FCF Ratio2.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue18.50
Enterprise Value/Gross Profit33.02
Enterprise Value/Ebitda48.23
Forecast
1Y Price Target
$23.50Price Target Upside31.58% Upside
Rating ConsensusHold
Number of Analyst Covering15
Nextera Energy Partners News
Bulls Say, Bears Say
Bulls Say
Cash GenerationNEP still generates an average $1.78/unit of excess cash over the buyout period, which equates to a 7.0% yield.
Financial PerformanceFundamentals on NEP's portfolio have continued to improve, making the projected price target and discounted cash flow defendable.
Shareholder AdvantageNEP 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
Balance Sheet ConcernsThe balance sheet appears concerning beyond 2025 without an equity infusion and substantial distribution cut.
Dividend StrategyNEP's stock traded down following the news of an anticipated dividend cut as the company reconsiders its distribution strategy.
Financial PerformanceAdjusted EBITDA was 11% below consensus expectations.
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Ownership Overview
0.29% Insiders
5.75% Mutual Funds
21.56% Other Institutional Investors
67.30% 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?
Currently, no data Available
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 34 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 $0.917 which represents an annual dividend yield of 20.07%. See more information on Nextera Energy Partners dividends here
What is Nextera Energy Partners’s EPS estimate?
Nextera Energy Partners’s EPS estimate is $0.71.
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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Analyst Consensus
Hold
Average Price Target:
$23.50 (31.58% Upside)
$23.50 (31.58% Upside)
Blogger Sentiment
Bullish
NEP Sentiment 82%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 229.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.1%
Last 30 Days ▲ 2.1%
Last 30 Days ▲ 2.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-28.50%
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
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NEP Stock 12 Month Forecast
Average Price Target
$23.50
▲(31.58% Upside)
Technical Analysis
Brookfield Renewable Partners
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Atlantica Sustainable Infrastructure
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Clearway Energy
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Best Analysts Covering NEP
1 Year
1 Year Success Rate
7/8 ratings generated profit
1 Year Average Return
+20.28%
reiterated a sell rating 2 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 +20.28% per trade.
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