NextEra Energy Partners, LP NEP Stock Analysis

NextEra Energy Partners, LP stock trades under the ticker NEP & has shown recent bullish signs that traders & investors should research further into.

NEP stock closed at $72.89/share on 2/6/2023.

NextEra Energy Partners, LP NEP Stock’s Technical Performance Broken Down

NextEra Energy Partners, LP NEP Stock's Technical Performance Over The Past Year
NextEra Energy Partners, LP NEP Stock’s Technical Performance Over The Past Year

NEP Stock Price: $72.89

10 Day Moving Average: $72.36

50 Day Moving Average: $73.77

200 Day Moving Average: $73.50

RSI: 50.19

MACD: -0.23

Yesterday, NEP stock completed a bullish MACD crossover, gaining 1.25% on the day’s session.

Recent trading volumes have been above average compared to the year prior & their RSI is neutral, but their most recent candlesticks signal there may be near-term declines that can serve as bette entry points for positions.

NEP stock has support at the $72.55 & $72.36/share price levels, as they try to break out above the $73.77 & $74.91/share resistance levels.

NextEra Energy Partners, LP NEP Stock As A Long-Term Investment

Investors focused on the long-term will like NEP stock’s valuation metrics, with a 13.21 P/E (ttm) & a 1.93 P/B (mrq).

They recently reported 15.2% Quarterly Revenue Growth Y-o-Y.

Their balance sheet will require a more thorough examination, with $235M of Total Cash (mrq) & $5.3B of Total Debt (mrq).

NEP stock pays a 5.3% dividend, which appears to be sustainable in the long-run, as their payout ratio is 53.2%.

88.98% of NEP stock’s outstanding share float is owned by institutional investors.

NextEra Energy Partners, LP NEP Stock As A Short-Term Trade Using Options

Traders with shorter time horizons can trade options to profit from price movements in NEP stock, while protecting their portfolios from volatility.

I am looking at the contracts with the 3/17 expiration date.

The $70 & $65 call options are in-the-money, with the former being more liquid than the latter strike.

The $80 puts are the only strike price that is currently in-the-money for this expiration date, however there should be more contracts written after next Friday’s expiration date passes.

Tying It All Together

NEP stock has many unique attributes that traders & investors will find appealing.

Investors will like their valuation metrics & dividend, but may want to review their balance sheet in more detail before investing.

Traders will like their recent technical performance, but may be disappointed at how illiquid their options are.

All-in-all, it is worth taking a closer look at NEP stock to see how it fits into your portfolio strategy.

*** I DO NOT OWN SHARES NOR OPTIONS POSITIONS IN NEP STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***