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

Posted by Tyrone Williams on Apr 2nd, 2025

Research analysts at StockNews.com initiated coverage on shares of Nextera Energy Partners (NYSE:NEP – Get Free Report) in a research report issued to clients and investors on Tuesday. The firm set a “sell” rating on the stock.

Several other analysts also recently weighed in on the company. 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 report on Monday, February 3rd. Barclays decreased their price objective 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.

Check Out Our Latest Stock Report on Nextera Energy Partners

Nextera Energy Partners Stock Performance

Nextera Energy Partners has a one year low of $9.98 and a one year high of $35.15. The company has a market cap of $983.47 million, a price-to-earnings 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.

Institutional Trading of Nextera Energy Partners

Hedge funds have recently added to or reduced their stakes in the stock. Natural Investments LLC acquired a new position in shares of Nextera Energy Partners in the fourth quarter valued at approximately $504,000. Amundi grew its position in Nextera Energy Partners by 90.9% in 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 last quarter. Prescott Group Capital Management L.L.C. acquired a new position in Nextera Energy Partners in the 4th quarter valued at $3,916,000. Finally, Raymond James Financial Inc. purchased a new position in Nextera Energy Partners during the 4th quarter worth $9,163,000. 66.01% of the stock is owned by institutional investors and hedge funds.

About Nextera Energy Partners

(Get Free Report)

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.