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

Stock analysts at StockNews.com assumed coverage on shares of Nextera Energy Partners (NYSE:NEP) in a research report issued on Sunday. The firm set a “sell” rating on the stock.

Other equities analysts have also issued research reports about the stock. Morgan Stanley reaffirmed an “underweight” rating and set a $13.00 price objective (down previously from $22.00) on shares of Nextera Energy Partners in a research report on Monday, February 3rd. Barclays dropped their price target on shares of 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 firm has a market capitalization of $983.47 million, a PE ratio of -105.15 and a beta of 1.03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. Nextera Energy Partners has a one year low of $9.98 and a one year high of $35.15.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Natural Investments LLC acquired a new stake in Nextera Energy Partners in the 4th quarter worth approximately $504,000. Amundi raised its position 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. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Nextera Energy Partners in the fourth quarter worth $3,916,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Nextera Energy Partners during the 4th quarter worth $9,163,000. Institutional investors and hedge funds 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.