NextEra Energy Partners LP (NYSE:NEP) has a beta of 0.75, a 12-month trailing P/E ratio of 13.45, and a growth ratio of 0.32. The stock’s Relative Strength Index (RSI) is 39.90, with weekly volatility at 3.31% and ATR at 2.06. The NEP stock’s 52-week price range has touched low of $48.35 and a $88.29 high. Its shares traded higher over the last trading session, gaining 1.12% on 05/20/21. The shares fell to a low of $66.25 before closing at $66.75. Intraday shares traded counted 0.49 million, which was 15.76% higher than its 30-day average trading volume of 586.08K. NEP’s previous close was $66.01 while the outstanding shares total 75.90M.
Investors have identified the Utilities – Renewable company NextEra Energy Partners LP as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $4.93 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
NextEra Energy Partners LP (NEP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For NEP, the company has in raw cash 110.0 million on their books with 12.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 529.0 million total, with 316.0 million as their total liabilities.
NEP were able to record 59.0 million as free cash flow during the 07/28/2021 quarter of the year, this saw their quarterly net cash flow reduce by 1.0 million. In cash movements, the company had a total of 104.0 million as operating cash flow.
Potential earnings growth for NextEra Energy Partners LP (NEP)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/28/2021 quarter of the year, NextEra Energy Partners LP recorded a total of 246.0 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 13.82% coming in sequential stages and their sales for the 07/28/2021 quarter increasing by 13.82%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 168.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 78.0 million. This allows shareholders to hold on to 75.90M with the recently reported earning now reading 2.66 cents per share. This is a figure that compared to analyst’s prediction for their 07/28/2021 (2.66 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.21 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NEP sounds very interesting.
Is the stock of NEP attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
10 out of 17 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on NextEra Energy Partners LP. 0 analysts has assigned a Sell rating on the NEP stock. The 12-month mean consensus price target for the company’s shares has been set at $83.72.