NextEra Energy Partners LP (NEP): Detailed Summary on Utilities Stock


NextEra Energy Partners LP (NYSE:NEP) changes shares on Wednesday trading session, with a change of -1.42% or -$0.73 shares. The trading starts at $51.15 and closed at $51.54 throughout the day. The trading session low price was $50.10 and day high was $51.8363 on Wednesday, June 24. After the session, the Utilities sector daily volume shifted to 0.27 million while its average volume is 517.38K. In other hand, the NEP market cap reached to $3.39B. While, its current target price is $50.81 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -2.76% and up 2.50% for month. Its quarterly performance was 30.79% above, while its half year performance is down -4.10%. NEP yearly performance stood at positive 4.23% and fall -3.49% for year-to-date. Current recommendation for NextEra Energy Partners LP is 2.30.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. NEP EPS (TTM) for 12-month is -4.55. EPS for this year is -151.40%, while for the next year its value is 1.78. Its EPS Q/Q reached -764.30%. It has an EPS of -62.50% down for past five years and for the next five years will be down -13.38%.

Let’s take a look on the analyst recommendations on NEP for the current month and previous month. For the current month, 6 of 15 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 8 as Hold. As compared with the previous month ratings, 15 analysts participate in stock recommendation. Out of 15, 0 rated it sell, 6 rated it as Buy and 8 as Hold Ratings. On the other hand, target price ranges from $49.00-$70.00. Average target price for NEP was reached at $56.50.

Neuberger Berman Group, LLC, Energy Income Partners, LLC and Jennison Associates LLC are the top three holders in NextEra Energy Partners LP (NEP) stock. On Mar 30, 2020, Neuberger Berman Group, LLC has 5.84 million shares which valued 251.27 million. On Mar 30, 2020, Energy Income Partners, LLC owned 3.94 million shares which valued at 169.33 million. On Mar 30, 2020, Jennison Associates LLC has a total of 3.79 million shares which valued at 162.91 million. In the end, Jennison Associates LLC have 5.78% shares outstanding of NextEra Energy Partners LP (NEP) on Mar 30, 2020. The insider ownership moved to 0.50% and institutional holding shifted to 84.70%.

The company posted an EPS (TTM) of -4.55. According to the most recent quarter report on (Jun 2020), 7 analysts estimated an average EPS of 0.36, while -0.49 EPS posted a year ago period. Analyst Estimated EPS for NEP published in the report was 0.11-0.62 during the same period. Comparing with last year, the average estimated EPS was -0.49 which is higher than -3.39 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for NEP fall -0.82% for period of 200 days. SMA for 50 days was 2.72% which is showing green signal, while SMA-20 was -1.95%. The moving average value for NextEra Energy Partners LP (NEP) is 50.94 and 50.59 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in NEP stock. On Mar 17, Kind Peter H, Director, bought 2,000 trading shares at the cost of $38.70, which valued at 77396.0. On Mar 16, Byrne Robert J, Director, bought 2,500 shares at the cost of $42.50, with total shares of 25,010. On Mar 13, Byrne Robert J, Director, bought 5,500 shares at the cost of 46.50. After this transaction, Byrne Robert J total shares reached to 22,510 which valued at 0.26 million.