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

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

NEP has been the topic of a number of other research reports. 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 reissued an “underweight” rating and issued a $13.00 target price (down from $22.00) on shares of Nextera Energy Partners in a research note on Monday, February 3rd.

Nextera Energy Partners Price Performance

Nextera Energy Partners has a 52 week low of $9.98 and a 52 week high of $35.15. The company has a market capitalization of $983.47 million, a P/E ratio of -105.15 and a beta of 1.03. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37.

Institutional Investors Weigh In On Nextera Energy Partners

Hedge funds have recently modified their holdings of the company. Natural Investments LLC acquired a new position in Nextera Energy Partners in the 4th quarter valued at about $504,000. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Nextera Energy Partners during the 4th quarter worth approximately $3,916,000. Amundi raised its position in shares of Nextera Energy Partners by 90.9% during the 4th quarter. Amundi now owns 414,240 shares of the company’s stock valued at $7,564,000 after buying an additional 197,286 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Nextera Energy Partners during the 4th quarter valued at approximately $9,163,000. Hedge funds and other institutional investors 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.