Nextera Energy Partners LP

Company Profile

Nextera Energy Partners LP had its IPO on 2014-06-27 under the ticker symbol NEP.

The company operates in the Utilities sector and Utilities-Renewable industry. Nextera Energy Partners LP has a staff strength of 0 employees.

Stock update

Shares of Nextera Energy Partners LP opened at $48.72 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $48.53 - $49.13, and closed at $48.74.

This is a +0.04% increase from the previous day's closing price.

A total volume of 540,046 shares were traded at the close of the day’s session.

In the last one week, shares of Nextera Energy Partners LP have slipped by -0.73%.

Nextera Energy Partners LP's Key Ratios

Nextera Energy Partners LP has a market cap of $4.55 billion, indicating a price to book ratio of 1.9273 and a price to sales ratio of 5.3533.

In the last 12-months Nextera Energy Partners LP’s revenue was $1.22 billion with a gross profit of $642 million and an EBITDA of $682 million. The EBITDA ratio measures Nextera Energy Partners LP's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Nextera Energy Partners LP’s operating margin was 7.23% while its return on assets stood at 0.26% with a return of equity of 1.41%.

In Q2, Nextera Energy Partners LP’s quarterly earnings growth was a negative -79.7% while revenue growth was a negative 3.3%.

Nextera Energy Partners LP’s PE and PEG Ratio

Forward PE

36.3636

Trailing PE

29.1737

PEG

3.6359

Its diluted EPS in the last 12-months stands at $1.67 per share while it has a forward price to earnings multiple of 36.3636 and a PEG multiple of 3.6359. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Nextera Energy Partners LP’s profitability.

Nextera Energy Partners LP stock is trading at a EV to sales ratio of 9.4913 and a EV to EBITDA ratio of 15.1039. Its price to sales ratio in the trailing 12-months stood at 5.3533.

Nextera Energy Partners LP stock pays annual dividends of $3.296 per share, indicating a yield of 6.87% and a payout ratio of 1.95%.

Balance sheet and cash flow metrics

Total Assets

$23.57 billion

Total Liabilities

$1.18 billion

Operating Cash Flow

$-629000000.00

Capital Expenditure

$30 million

Dividend Payout Ratio

1.95%

Nextera Energy Partners LP ended 2024 with $23.57 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $23.57 billion while shareholder equity stood at $14.53 billion.

Nextera Energy Partners LP ended 2024 with $0 in deferred long-term liabilities, $1.18 billion in other current liabilities, 3565000000.00 in common stock, $0 in retained earnings and $898.00 million in goodwill. Its cash balance stood at $587.00 million and cash and short-term investments were $587.00 million. The company’s total short-term debt was $573,000,000 while long-term debt stood at $5.92 billion.

Nextera Energy Partners LP’s total current assets stands at $1.45 billion while long-term investments were $1.96 billion and short-term investments were $0. Its net receivables were $624.00 million compared to accounts payable of $432.00 million and inventory worth $71.00 million.

In 2024, Nextera Energy Partners LP's operating cash flow was $-629000000.00 while its capital expenditure stood at $30 million.

Comparatively, Nextera Energy Partners LP paid $0.02 in dividends in 2024.

Other key metrics

Current Trading Price

$48.74

52-Week High

$80.1191

52-Week Low

$44.236

Analyst Target Price

$75.93

Nextera Energy Partners LP stock is currently trading at $48.74 per share. It touched a 52-week high of $80.1191 and a 52-week low of $80.1191. Analysts tracking the stock have a 12-month average target price of $75.93.

Its 50-day moving average was $51.64 and 200-day moving average was $61.12 The short ratio stood at 2.72 indicating a short percent outstanding of 0%.

Around 112.9% of the company’s stock are held by insiders while 9198.6% are held by institutions.