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

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

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley reissued an “underweight” rating and set a $13.00 price target (down previously from $22.00) on shares of Nextera Energy Partners in a research report on Monday, February 3rd. Barclays cut their price target on Nextera Energy Partners from $17.00 to $7.00 and set an “underweight” rating for the company in a report on Monday, February 3rd.

Nextera Energy Partners Price Performance

The stock 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 current ratio of 2.02 and a quick ratio of 1.78. Nextera Energy Partners has a 52-week low of $9.98 and a 52-week high of $35.15.

Institutional Trading of Nextera Energy Partners

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