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

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

A number of other analysts also recently commented on the company. 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 reiterated an “underweight” rating and issued a $13.00 price objective (down previously from $22.00) on shares of Nextera Energy Partners in a research report on Monday, February 3rd.

Nextera Energy Partners Price Performance

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

Hedge Funds Weigh In On Nextera Energy Partners

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of Nextera Energy Partners during the 4th quarter worth approximately $9,163,000. Amundi lifted 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 worth $7,564,000 after buying an additional 197,286 shares during the period. Natural Investments LLC bought a new position in shares of Nextera Energy Partners during the 4th quarter worth approximately $504,000. Finally, Prescott Group Capital Management L.L.C. bought a new position in shares of Nextera Energy Partners during the 4th quarter worth approximately $3,916,000. Institutional investors 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.