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

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

A number of other research firms have also recently issued reports on NEP. Barclays reduced their price objective on Nextera Energy Partners from $17.00 to $7.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. Morgan Stanley reaffirmed an “underweight” rating and issued a $13.00 price target (down previously from $22.00) on shares of Nextera Energy Partners in a research report on Monday, February 3rd.

Nextera Energy Partners Stock Performance

The stock has a market cap of $983.47 million, a PE ratio of -105.15 and a beta of 1.03. The company has a quick ratio of 1.78, a current ratio of 2.02 and a debt-to-equity ratio of 0.37.

Institutional Trading of Nextera Energy Partners

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of Nextera Energy Partners in the fourth quarter worth about $9,163,000. Amundi lifted 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 worth $7,564,000 after buying an additional 197,286 shares during the last quarter. Natural Investments LLC acquired a new stake in shares of Nextera Energy Partners in the fourth quarter worth about $504,000. Finally, Prescott Group Capital Management L.L.C. bought a new position in shares of Nextera Energy Partners in the fourth quarter worth about $3,916,000. 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.