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

StockNews.com began coverage on shares of Nextera Energy Partners (NYSE:NEP) in a research report released on Friday. The firm issued a sell rating on the stock.

Several other equities analysts have also issued reports on NEP. 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 note on Monday, February 3rd. Barclays lowered their price target on Nextera Energy Partners from $17.00 to $7.00 and set an “underweight” rating on the stock in a research note on Monday, February 3rd.

Nextera Energy Partners Price Performance

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

Hedge Funds Weigh In On Nextera Energy Partners

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