Nextera Energy Partners (NYSE:NEP) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Nextera Energy Partners (NYSE:NEP) in a research report released on Sunday morning. The brokerage issued a sell rating on the stock.

A number of other research firms also recently issued reports on NEP. Morgan Stanley reissued an “underweight” rating and issued a $13.00 price target (down from $22.00) on shares of Nextera Energy Partners in a research note on Monday, February 3rd. Barclays decreased their price target on shares of 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.

Nextera Energy Partners Stock Performance

The company has a market cap of $983.47 million, a P/E ratio of -105.15 and a beta of 1.03. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37.

Hedge Funds Weigh In On Nextera Energy Partners

A number of institutional investors have recently bought and sold shares of NEP. Raymond James Financial Inc. purchased a new stake in Nextera Energy Partners in the fourth quarter worth about $9,163,000. Prescott Group Capital Management L.L.C. purchased a new stake in Nextera Energy Partners in the fourth quarter worth about $3,916,000. Amundi grew its holdings in Nextera Energy Partners by 90.9% in the fourth quarter. Amundi now owns 414,240 shares of the company’s stock worth $7,564,000 after purchasing an additional 197,286 shares during the period. Finally, Natural Investments LLC purchased a new stake in Nextera Energy Partners in the fourth quarter worth about $504,000. 66.01% of the stock is owned by institutional investors.

Nextera Energy Partners Company Profile

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.