How to Buy Nextera Energy Partners Stock
Nextera Energy Partners LP
Nextera Energy Partners is a renewable energy company located in Florida, United States, which is part of the Utilities sector, and is traded under the ticker NEP on the NYSE exchange.
Nextera Energy Partners stock last closed at $17.93, down 1.05% from the previous day, and has decreased 33.12% in one year. It has underperformed other stocks in the Utilities - Renewable industry by 0.35 percentage points. Nextera Energy Partners stock is currently +15.31% from its 52-week low of $15.55, and -48.99% from its 52-week high of $35.15.
At the moment, there are 93.53M shares of NEP outstanding. The market value of NEP is $1.68B. In the past 24 hours, 1.29M NEP shares were traded.
How to Buy Nextera Energy Partners Stock
Not sure how to invest in Nextera Energy Partners stock? Here's how.
- Choose where to buy Nextera Energy Partners stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Nextera Energy Partners stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Choose your method of payment and add your details.
- Analyze Nextera Energy Partners stock: The Nextera Energy Partners ticker symbol is NEP. Is Nextera Energy Partners stock a good investment? Should you buy shares of NEP? How do NEP's underlying business fundamentals look? Do top analysts think Nextera Energy Partners is a good buy? Why has NEP's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if NEP is a good stock to buy).
- Make your NEP buy order: Decide if you will purchase NEP shares at the current market price or use a limit order to buy NEP stock at a particular price.
- Get key alerts regarding your NEP position: Create a watchlist to important updates regarding your investment in Nextera Energy Partners stock.
Step 1: Choose where to buy Nextera Energy Partners stock
You will need an online brokerage account in order to access the NYSE market and buy NEP shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the best brokerage, you need to fill out some personal details so you are able to invest in NEP stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new brokerage account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have filled out your info on one of the best stock market apps, you can securely and quickly fund your account:
Watch the walkthrough below for more details depositing money into your brokerage account.
Step 4: Analyze Nextera Energy Partners stock
Once you have identified the best place to buy Nextera Energy Partners stock, it's crucial to analyze their stock prior to investing, so you actually understand the risk and upside.
Nextera Energy Partners shares at a glance
Nextera Energy Partners Fundamentals
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis.
You can view all of the due diligence checks on NEP's stock page.
Is NEP stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge NEP's intrinsic value.
Using relative valuations methods:
- NEP may be undervalued based on its P/E ratio of 8.15x, relative to Utilities - Renewable industry P/E ratio of 14.49x
- NEP could be undervalued based on its P/B ratio of 0.49x, relative to Utilities - Renewable industry P/B ratio of 4.39x
You can do more valuation research on NEP's stock here.
A quick look at NEP Financials
Signs that NEP is financially healthy:
- There are more short-term assets than short-term liabilities on the NEP balance sheet.
- Total NEP debt is lower than 5 years ago, relative to shareholder equity.
- NEP profit margin has gone up from 14% to 20.5% in the past year.
Signs that NEP is not financially healthy:
- NEP's operating cash flow of $696.00M allows it to safely service it's debt of $5.17B.
- NEP earnings of $620.00M is not sufficient to cover its interest payments.
- There are more long-term liabilities than short-term assets on the NEP balance sheet.
- NEP has a relatively high debt to equity ratio of 2.14.
Do analysts think it's a good time to buy NEP stock
Out of 14 sell side analysts who give forecasts on NEP, the consensus analyst rating on Nextera Energy Partners is a Hold
Please note that analyst ratings are not recommendations, nor are they investment advice.
Latest NEP Analyst Ratings
Mark Strouse, a top 18% analyst from JP Morgan upgrades NEP to a hold rating and lowers their NEP price target from $25.00 to $22.00, on Oct 24, 2024.
Mark Jarvi, a bottom 32% analyst from CiBC maintains NEP with a hold rating and lowers their NEP price target from $34.00 to $32.00, on Oct 22, 2024.
James Thalacker, a top 8% analyst from BMO Capital maintains NEP with a buy rating and lowers their NEP price target from $28.00 to $26.00, on Oct 21, 2024.
Anthony Crowdell, a top 14% analyst from Mizuho maintains NEP with a hold rating and lowers their NEP price target from $33.00 to $26.00, on Oct 9, 2024.
Brandon Oglenski, a top 12% analyst from Barclays maintains NEP with a strong sell rating and maintains their NEP price target from $25.00 to $25.00, on Oct 4, 2024.
You can dive deeper into what analysts are projecting on the Nextera Energy Partners stock forecast page.
NEP Trading Indicators
How are NEP Revenues/Earnings doing?
Last year, NEP earnings were $204.00M. Over the last three year, NEP's earnings have grown by -62.92% per year. This was slower than the Utilities - Renewable industry average of 25.69%.
Last year, NEP revenue was $996.00M. In the past five year, NEP's revenue has grown by 4.35% per year. This was slower than the Utilities - Renewable industry average of 27.63%.
Dig into NEP's earnings and revenue performance here.
Are NEP executives and large shareholders buying or selling the stock?
In the last 12 months, insiders at NEP have sold more shares than they have bought.
Terrell Kirk Crews Ii, Chief Financial Officer of NEP, was the latest NEP insider to sell. They sold $13,163.68 worth of NEP stock on Feb 20, 2024.
Research more about who owns NEP stock here.
Does NEP stock generate passive income?
Nextera Energy Partners pays a dividend of 20.05%, compared to the Utilities - Renewable industry's average dividend yield of 5.82%. If you owned $1,000 of NEP stock, you would have received $200.50 in the past year.
Nextera Energy Partners dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Nextera Energy Partners dividend yield and history here.
NEP Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your NEP buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, place a limit order.
Hit the Open button and eToro will place your order.
If you want more info about investing in stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your NEP position
Now that you own some shares in NEP, you'll want to keep up with your shares.
Create a watchlist to keep tabs on your NEP stock.
NEP Feed
How to Buy Stock in Nextera Energy Partners
To summarize, here are the 6 steps for buying Nextera Energy Partners stock:
- Choose where to buy Nextera Energy Partners stock
- Create your brokerage account
- Deposit money your brokerage account
- Analyze Nextera Energy Partners stock
- Make your NEP buy order
- Get key alerts regarding your NEP position
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to track your new investment in Nextera Energy Partners, create a watchlist on WallStreetZen today.
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