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: $38.07 USD

2.25 (-5.58%)

Updated Apr 2 2:58pm

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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

  • 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 95.48% of US stocks.
  • In terms of volatility of its share price, NEP is more volatile than just 15.14% of stocks we're observing.
  • If you're looking for stocks that are quantitatively similar to NextEra Energy Partners LP, a group of peers worth examining would be HBM, HRZN, AES, BPY, and SAR.
  • NEP's SEC filings can be seen here. And to visit NextEra Energy Partners LP's official web site, go to www.investor.nexteraenergypartners.com.
NEP Daily Price Range
NEP 52-Week Price Range

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NEP Price/Volume Stats

Current price $38.07 52-week high $61.87
Prev. close $40.32 52-week low $29.01
Day low $37.82 Volume 446,108
Day high $40.80 Avg. volume 735,187
50-day MA $52.16 Dividend yield 5.31%
200-day MA $51.49 Market Cap 2.49B

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:
$38.07$143.08233%

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 68th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 234.33%. The most interesting components of our discounted cash flow analysis for NextEra Energy Partners LP ended up being:

  • The company's balance sheet shows it gets 40% of its capital from equity, and 60% of its capital from debt. Notably, its equity weight is greater than merely 20.1% of US equities in the Utilities sector yielding a positive free cash flow.
  • NextEra Energy Partners LP's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
  • NextEra Energy Partners LP's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 0.86. This coverage rate is greater than that of merely 22.36% of stocks we're observing for the purpose of forecasting via discounted cash flows.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%226%
1%229%
2%233%
3%236%
4%239%
5%243%

For other companies in the Utilities that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as NEP, try SPH, BIP, TAC, BEP, and CIG.


NEP Latest News Stream


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NEP Price Returns

1-mo -35.14%
3-mo -26.41%
6-mo -23.26%
1-year -15.84%
3-year 30.28%
5-year 4.84%
YTD -27.01%
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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