Is NextEra Energy Partners LP (NYSE: NEP) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that NextEra Energy announces date for release of first-quarter 2024 financial results.

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Stocks Info

NEP belongs to the Utilities sector of the NYSE while operating in the Utilities – Renewable industry. The current market capitalization of NextEra Energy Partners LP is $2.70B. A total of 1.06 million shares were traded on the day, compared to an average of 1.37M shares.

In the most recent transaction, Kind Peter H bought 1,750 shares of NEP for 56.89 per share on Apr 27 ’23. After the transaction, the Director now owns 32,340 company shares.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. NextEra Energy Partners LP pays an annual dividend of $3.44, resulting in a dividend yield of 11.94%, and it has a price to earnings (P/E) ratio of 13.49. NEP’s most recent ex-dividend date was 2/5/2024 when it declared a $0.88 quarterly dividend that was paid in cash on 2/14/2024. Previously, the company paid the dividend on 11/14/2023 with an ex-dividend date of 11/3/2023. The NEP stock dividend was $0.8675 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, NEP has a high of $64.43 and a low of $20.17.

As of this writing, NEP has an earnings estimate of $0.34 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $1.22 per share and a lower estimate of -$0.32. The company reported an EPS of $0.57 in the last quarter, which was 26.70% higher than expectations of $0.45.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. NEP’s latest balance sheet shows that the firm has $147.00M in Cash & Short Term Investments as of fiscal 2021. There were $5.33B in debt and $1.26B in liabilities at the time. Its Book Value Per Share was $38.21, while its Total Shareholder’s Equity was $11.16B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NEP is Buy with a score of 3.50.

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