Nextera Energy Partners (NYSE:NEP) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Nextera Energy Partners (NYSE:NEP) in a report published on Tuesday. The brokerage issued a sell rating on the stock.

A number of other research analysts have also weighed in on the company. Barclays decreased their price objective on Nextera Energy Partners from $17.00 to $7.00 and set an “underweight” rating on the stock in a report on Monday, February 3rd. Morgan Stanley restated an “underweight” rating and set a $13.00 price target (down from $22.00) on shares of Nextera Energy Partners in a research report on Monday, February 3rd.

Nextera Energy Partners Price Performance

The company has a market capitalization of $983.47 million, a P/E ratio of -105.15 and a beta of 1.03. Nextera Energy Partners has a fifty-two week low of $9.98 and a fifty-two week 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.

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 purchased a new position in shares of Nextera Energy Partners during the 4th quarter worth $504,000. Prescott Group Capital Management L.L.C. acquired a new stake in Nextera Energy Partners during the fourth quarter worth about $3,916,000. Amundi raised its stake in Nextera Energy Partners by 90.9% during 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, Raymond James Financial Inc. acquired a new position in Nextera Energy Partners in the 4th quarter valued at about $9,163,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

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.