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

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

A number of other analysts also recently issued reports on NEP. Barclays cut their price objective on shares of Nextera Energy Partners from $17.00 to $7.00 and set an “underweight” rating for the company in a report on Monday, February 3rd. Morgan Stanley reiterated 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.

Nextera Energy Partners Price Performance

The firm has a market capitalization of $983.47 million, a price-to-earnings ratio of -105.15 and a beta of 1.03. Nextera Energy Partners has a twelve month low of $9.98 and a twelve month high of $35.15. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37.

Institutional Investors Weigh In On Nextera Energy Partners

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

About Nextera Energy Partners

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.