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How to buy NextEra Energy Partners stock | $78.39

Learn how to easily invest in NextEra Energy Partners stock.

NextEra Energy Partners LP is an utilities-renewable business based in the US. NextEra Energy Partners shares (NEP) are listed on the NYSE and all prices are listed in US Dollars.

How to buy shares in NextEra Energy Partners

  1. Compare share trading platforms.Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – NEP – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

NextEra Energy Partners stock price (NYSE: NEP)

Use our graph to track the performance of NEP stocks over time.

NextEra Energy Partners shares at a glance

Information last updated 2021-10-10.
Latest market close$78.39
52-week range$59.33 - $86.16
50-day moving average $78.68
200-day moving average $74.70
Wall St. target price$84.75
PE ratio 22.6033
Dividend yield $2.51 (3.25%)
Earnings per share (TTM) $3.37

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy NextEra Energy Partners stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

NextEra Energy Partners price performance over time

Historical closes compared with the close of $78.39 from 2021-10-15

1 week (2021-10-11) 2.52%
1 month (2021-09-17) -1.67%
3 months (2021-07-16) 5.11%
6 months (2021-04-16) 5.48%
1 year (2020-10-16) 19.22%
2 years (2019-10-18) 51.92%
3 years (2018-10-18) 68.00%
5 years (2016-10-18) 180.36%

Is NextEra Energy Partners under- or over-valued?

Valuing NextEra Energy Partners stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of NextEra Energy Partners's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

NextEra Energy Partners's P/E ratio

NextEra Energy Partners's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 23x. In other words, NextEra Energy Partners shares trade at around 23x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

NextEra Energy Partners's PEG ratio

NextEra Energy Partners's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.6384. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into NextEra Energy Partners's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

NextEra Energy Partners's EBITDA

NextEra Energy Partners's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $640 million.

The EBITDA is a measure of a NextEra Energy Partners's overall financial performance and is widely used to measure a its profitability.

NextEra Energy Partners financials

Revenue TTM $951 million
Operating margin TTM 27.55%
Gross profit TTM $554 million
Return on assets TTM 1.27%
Return on equity TTM 9.83%
Profit margin 26.29%
Book value $30.74
Market capitalisation $5.8 billion

TTM: trailing 12 months

Shorting NextEra Energy Partners shares

There are currently 2.9 million NextEra Energy Partners shares held short by investors – that's known as NextEra Energy Partners's "short interest". This figure is 1.2% up from 2.9 million last month.

There are a few different ways that this level of interest in shorting NextEra Energy Partners shares can be evaluated.

NextEra Energy Partners's "short interest ratio" (SIR)

NextEra Energy Partners's "short interest ratio" (SIR) is the quantity of NextEra Energy Partners shares currently shorted divided by the average quantity of NextEra Energy Partners shares traded daily (recently around 395658.38926174). NextEra Energy Partners's SIR currently stands at 7.45. In other words for every 100,000 NextEra Energy Partners shares traded daily on the market, roughly 7450 shares are currently held short.

However NextEra Energy Partners's short interest can also be evaluated against the total number of NextEra Energy Partners shares, or, against the total number of tradable NextEra Energy Partners shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case NextEra Energy Partners's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 NextEra Energy Partners shares in existence, roughly 40 shares are currently held short) or 0.0394% of the tradable shares (for every 100,000 tradable NextEra Energy Partners shares, roughly 39 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against NextEra Energy Partners.

Find out more about how you can short NextEra Energy Partners stock.

NextEra Energy Partners share dividends

76%

Dividend payout ratio: 75.83% of net profits

Recently NextEra Energy Partners has paid out, on average, around 75.83% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.48% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), NextEra Energy Partners shareholders could enjoy a 3.48% return on their shares, in the form of dividend payments. In NextEra Energy Partners's case, that would currently equate to about $2.51 per share.

NextEra Energy Partners's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

NextEra Energy Partners's most recent dividend payout was on 12 August 2021. The latest dividend was paid out to all shareholders who bought their shares by 3 August 2021 (the "ex-dividend date").

NextEra Energy Partners share price volatility

Over the last 12 months, NextEra Energy Partners's shares have ranged in value from as little as $59.3327 up to $86.164. A popular way to gauge a stock's volatility is its "beta".

NEP.US volatility(beta: 0.74)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while NextEra Energy Partners's is 0.7418. This would suggest that NextEra Energy Partners's shares are less volatile than average (for this exchange).

NextEra Energy Partners overview

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. The company owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida. .

Frequently asked questions

What percentage of NextEra Energy Partners is owned by insiders or institutions?
Currently 2.246% of NextEra Energy Partners shares are held by insiders and 87.929% by institutions.
When does the fiscal year end for NextEra Energy Partners?
NextEra Energy Partners's fiscal year ends in December.
Where is NextEra Energy Partners based?
NextEra Energy Partners's address is: 700 Universe Boulevard, Juno Beach, FL, United States, 33408
What is NextEra Energy Partners's ISIN number?
NextEra Energy Partners's international securities identification number is: US65341B1061
What is NextEra Energy Partners's CUSIP number?
NextEra Energy Partners's Committee on Uniform Securities Identification Procedures number is: 65341B106

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