NextEra Energy Partners, LP Common Units representing limited partner interests (NEP): Price and Financial Metrics


NextEra Energy Partners, LP Common Units representing limited partner interests (NEP)

Today's Latest Price: $64.18 USD

0.52 (-0.80%)

Updated Oct 28 11:01am

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 18 in MLPs - Other

See all "A" rated Strong Buy stocks

NEP Stock Summary

  • With a one year PEG ratio of 293.55, NextEra Energy Partners LP is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than 88.23% of US stocks.
  • Of note is the ratio of NextEra Energy Partners LP's sales and general administrative expense to its total operating expenses; merely 0.32% of US stocks have a lower such ratio.
  • The ratio of debt to operating expenses for NextEra Energy Partners LP is higher than it is for about 94.63% of US stocks.
  • Stocks that are quantitatively similar to NEP, based on their financial statements, market capitalization, and price volatility, are NGD, OXSQ, BPY, MBI, and TGB.
  • Visit NEP's SEC page to see the company's official filings. To visit the company's web site, go to www.investor.nexteraenergypartners.com.

NEP Stock Price Chart Interactive Chart >

Price chart for NEP

NEP Price/Volume Stats

Current price $64.18 52-week high $68.39
Prev. close $64.70 52-week low $29.01
Day low $63.76 Volume 101,668
Day high $64.69 Avg. volume 573,449
50-day MA $61.04 Dividend yield 3.57%
200-day MA $54.66 Market Cap 4.69B

NextEra Energy Partners, LP Common Units representing limited partner interests (NEP) Company Bio


NextEra Energy Partners LP acquires, owns, and operates contracted clean energy projects. It owns interests in wind and solar projects in North America. The company was founded in 2014 and is based in Juno Beach, Florida.

NEP Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$64.18$123.67 91%

We started the process of determining a valid price forecast for NextEra Energy Partners LP with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that NextEra Energy Partners LP ranked in the 61th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 92%. As for the metrics that stood out in our discounted cash flow analysis of NextEra Energy Partners LP, consider:

  • Interest coverage, a measure of earnings relative to interest payments, is 0.85 -- which is good for besting only 11.18% of its peer stocks (US stocks in the Utilities sector with positive cash flow).
  • Its compound free cash flow growth rate, as measured over the past 5.67 years, is 0.4% -- higher than 75.39% of stocks in our DCF forecasting set.
  • NextEra Energy Partners LP's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than just 0% of US stocks with positive free cash flow.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%87%
1%89%
2%91%
3%93%
4%95%
5%97%

Want more companies with a valuation profile/forecast similar to that of NextEra Energy Partners LP? See KEN, TAC, JE, BIP, and CWEN.


NEP Latest News Stream


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Latest NEP News From Around the Web

Below are the latest news stories about NextEra Energy Partners LP that investors may wish to consider to help them evaluate NEP as an investment opportunity.

Is NextEra Energy Partners Stock a Buy? | The Motley Fool

The clean energy company sees high-powered dividend growth ahead.

The Motley Fool | August 31, 2020

3 Top Renewable Energy Stocks to Buy in August

Renewable energy as an asset class is booming around the world, as wind and solar power plants become more competitive against fossil fuels. Given the competitive landscape, three of our Foolish contributors scoured the industry for their best renewable-energy stock picks.

Yahoo | July 31, 2020

4 Stocks to Buy for a Second Wave of Coronavirus Infections

The course of the COVID-19 pandemic is proving impossible to predict, frustrating health officials and governments alike as they struggle to keep the economy alive amid a resurgence of cases. The stock has a 2% dividend yield.

Yahoo | July 30, 2020

Better Buy: Kinder Morgan vs. NextEra Energy Partners

Kinder Morgan is one of the largest energy infrastructure companies in North America. It owns or operates more than 83,000 miles of pipelines that transport oil, natural gas, refined petroleum products, and carbon dioxide. Kinder Morgan's assets generate relatively stable earnings backed primarily by fee-based contracts.

Yahoo | July 27, 2020

Worried About Another Crash? NextEra Energy is a Stock to Consider

This unique investment combines the security of a utility company with the potential gains from growth in renewable energy.

Yahoo | July 26, 2020

Read More 'NEP' Stories Here

NEP Price Returns

1-mo 9.97%
3-mo 3.44%
6-mo 32.54%
1-year 29.12%
3-year 84.65%
5-year 201.01%
YTD 25.59%
2019 27.53%
2018 3.74%
2017 75.99%
2016 -10.35%
2015 -9.09%

NEP Dividends

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Continue Researching NEP

Want to see what other sources are saying about NextEra Energy Partners LP's financials and stock price? Try the links below:

NextEra Energy Partners LP (NEP) Stock Price | Nasdaq
NextEra Energy Partners LP (NEP) Stock Quote, History and News - Yahoo Finance
NextEra Energy Partners LP (NEP) Stock Price and Basic Information | MarketWatch


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