NextEra Energy Partners LP is in the independent utilities industry and is in the utilities sector. The company CEO is James L. Robo. NextEra Energy Partners LP is a limited partnership formed to acquire, manage and own contracted clean energy projects with stable long-term cash flows. The renewable energy sales generate maximum revenue for the company.



Previous Intraday Performance:

The NEP shares had a previous change of 0.13% which opened at 46.46 and closed at 46.30. It moved to an intraday high of 46.46 and a low of 46.18.

SeekingAlpha:  NextEra Energy Benefits From Florida Economy And Renewables Focus

Historical Performance:

Over the last five trading days, NEP shares returned 2.14% and in the past 30 trading days it returned 16.06%. Over three months, it changed 1.56%. In one year it has changed 24.34% and within that year its 52-week high was 50.66 and its 52-week low was 38.05. NEP stock is 21.68% above its 52 Week Low.

Our calculations result in a 200 day moving average of 44.55 and a 50 day moving average of 42.50. Right now, NEP stock is trading 3.93% above its 200 day moving average and may be a good opportunity to buy.

SeekingAlpha:  NextEra Energy Benefits From Florida Economy And Renewables Focus

Liquidity:

The company has a market cap of $2.6b with 56.1m shares outstanding and a float of 55.8m shares. Trading volume was 139,283 shares and has experienced an average volume of 315,378 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for NextEra Energy Partners LP was 3.02 which ended on 31st of December 2018, which according to the previous close, that is a PE of 15.33. Based on 5 analyst estimates, the consensus EPS for the next quarter is 0.49. The trailing twelve month EPS is 2.83, which comes to a trailing twelve month PE of 16.36.

Below was the last reported quarterly earnings per share:
12-31-2018:  -0.39
09-30-2018:  0.58
06-30-2018:  1.43
03-31-2018:  1.21

The dividend per share is currently 1.86, which is a dividend yield of 4.02%. NEP stock may not have sufficient earnings to cover future dividends and still be able to invest in and grow the business, therefore in the future the dividend may be reduced.

Base on our calculations, the intrinsic value per share is 808.50, which means it might be undervalued and has a margin of safety of 94.27%



The next earnings report will be: 04-01-2019

EPS growth is an important number as it indicates the future prospects of NextEra Energy Partners LP; the EPS growth rate, as it is usually called, is typically displayed as a percentage, which is 9.00%.

Indicators Also to Watch:

Based on the latest filings, there is 132.50% of institutional ownership. Short-interest was 1,057,955, which was 1.88% of shares outstanding. The short-interest ratio or days-to-cover ratio was 3.18. This stock has some short interest, but it might be normal and no need to worry if long the position.

I calculated the beta to be 0.97

SeekingAlpha:  Ormat Technologies, Inc. (ORA) CEO Isaac Angel on Q4 2018 Results – Earnings Call Transcript

Fundamental Numbers:

Based on last reported financials, the company’s return on assets is 1.91%, profit margin is 35.19%, price-to-sales is 3.37 and price-to-book is 1.11.

Company Score Card:

Results are out of six:
 2  : Growth Expectations Result
 1  : Financial Safety Result
 2  : Past Performance Result
 4  : Valuation Result
 3  : Dividend Safety Result
 2  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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