With 1.0 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.05 million shares. During the session, the Utilities – Renewable company that operates in wider Utilities sector, reached to the highest price of $17.58 whereas the lowest price it dropped to was $17.2001. The 52-week range on NEP shows that it touched its highest point at $35.15 and its lowest point at $15.55 during that stretch. It currently has a 1-year price target of $21.80. With its current market cap of 3.20 billion, NEP has annualized dividend of $3.60 while the current yield stands at 20.68%. NEP paid its most recent dividend on 1730851200, while the ex-dividend date for that was 1730851200. Beta for the stock currently stands at 1.03.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NEP was down-trending over the past week, with a drop of -0.69%, but this was up by 1.11% over a month. Three-month performance dropped to -38.17% while six-month performance fell -37.12%. The stock lost -43.07% in the past year, while it has lost -42.85% so far this year. A look at the trailing 12-month EPS for NEP yields 2.18 with Next year EPS estimates of 3.77. For the next quarter, that number is 0.71. This implies an EPS growth rate of 39.47% for this year and 23.95% for next year.
Float and Shares Shorts:
At present, 93.50 million NEP shares are outstanding with a float of 90.93 million shares on hand for trading. On 2024-12-13, short shares totaled 3.92 million, which was 420.0 higher than short shares on 1731628800. In addition to Mr. John W. Ketchum J.D. as the firm’s Chairman & CEO, Ms. Rebecca J. Kujawa C.F.A. serves as its President & Director.
Institutional Ownership:
Through their ownership of 0.60918 of NEP’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, NEP reported revenue of $319000000.0 and operating income of $35000000.0. The EBITDA in the recently reported quarter was $257000000.0 and diluted EPS was -$0.43.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NEP since 9 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NEP analysts setting a high price target of 33.0 and a low target of 10.0, the average target price over the next 12 months is 21.8. Based on these targets, NEP could surge 89.87% to reach the target high and fall by -42.46% to reach the target low. Reaching the average price target will result in a growth of 25.43% from current levels.
Analysts have provided yearly estimates in a range of $5.05712 being high and $1.97011 being low. For NEP, this leads to a yearly average estimate of $3.04048. Based on analyst estimates, the high estimate for the next quarter is $0.58 and the low estimate is -$0.23. The average estimate for the next quarter is thus $0.31.
