Nextera Energy Partners (NYSE:NEP) Earns Sell Rating from Analysts at StockNews.com

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

Several other equities analysts have also commented on the company. Barclays dropped 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. Morgan Stanley reiterated an “underweight” rating and set a $13.00 price objective (down from $22.00) on shares of Nextera Energy Partners in a report on Monday, February 3rd.

Nextera Energy Partners Price Performance

The company has a quick ratio of 1.78, a current ratio of 2.02 and a debt-to-equity ratio of 0.37. The company has a market cap of $983.47 million, a P/E ratio of -105.15 and a beta of 1.03. Nextera Energy Partners has a 12 month low of $9.98 and a 12 month high of $35.15.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Nextera Energy Partners in the 4th quarter worth approximately $9,163,000. Prescott Group Capital Management L.L.C. acquired a new position in shares of Nextera Energy Partners during the fourth quarter worth $3,916,000. Amundi boosted its stake in shares of Nextera Energy Partners by 90.9% in the fourth 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. Finally, Natural Investments LLC purchased a new stake in Nextera Energy Partners during the 4th quarter worth $504,000. Hedge funds and other 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.