Nextera Energy Partners (NYSE:NEP) Now Covered by Analysts at StockNews.com

Posted by ABMN Staff on Apr 2nd, 2025

StockNews.com started coverage on shares of Nextera Energy Partners (NYSE:NEP – Free Report) in a research note issued to investors on Tuesday morning. The firm issued a sell rating on the stock.

A number of other analysts also recently weighed in on NEP. Morgan Stanley reaffirmed an “underweight” rating and set a $13.00 price target (down previously from $22.00) on shares of Nextera Energy Partners in a report on Monday, February 3rd. Barclays cut their target price on Nextera Energy Partners from $17.00 to $7.00 and set an “underweight” rating for the company in a research note on Monday, February 3rd.

Get Our Latest Stock Report on Nextera Energy Partners

Nextera Energy Partners Price Performance

The firm has a market cap of $983.47 million, a PE ratio of -105.15 and a beta of 1.03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. Nextera Energy Partners has a 52-week low of $9.98 and a 52-week high of $35.15.

Hedge Funds Weigh In On Nextera Energy Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Natural Investments LLC acquired a new position in shares of Nextera Energy Partners during the fourth quarter worth $504,000. Prescott Group Capital Management L.L.C. bought a new stake in Nextera Energy Partners during the 4th quarter worth $3,916,000. Amundi increased its holdings in Nextera Energy Partners by 90.9% in the 4th quarter. Amundi now owns 414,240 shares of the company’s stock worth $7,564,000 after purchasing an additional 197,286 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Nextera Energy Partners in the fourth quarter valued at about $9,163,000. Institutional investors own 66.01% of the company’s stock.

Nextera Energy Partners Company Profile

(Get Free Report)

NextEra Energy Partners LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.