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

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

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

Nextera Energy Partners Price Performance

The firm 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 current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37.

Hedge Funds Weigh In On Nextera Energy Partners

Several hedge funds and other institutional investors have recently made changes to their positions in NEP. Raymond James Financial Inc. acquired a new position in shares of Nextera Energy Partners during the 4th quarter valued at $9,163,000. Prescott Group Capital Management L.L.C. acquired a new position in shares of Nextera Energy Partners during the 4th quarter valued at $3,916,000. Amundi lifted its holdings 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 acquiring an additional 197,286 shares in the last quarter. Finally, Natural Investments LLC acquired a new position in shares of Nextera Energy Partners during the 4th quarter valued at $504,000. 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.