StockNews.com Begins Coverage on Nextera Energy Partners (NYSE:NEP)

StockNews.com started coverage on shares of Nextera Energy Partners (NYSE:NEP) in a research report sent to investors on Monday morning. The firm issued a sell rating on the stock.

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

Nextera Energy Partners Price Performance

Nextera Energy Partners has a 1-year low of $9.98 and a 1-year high of $35.15. The stock 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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Nextera Energy Partners in the 4th quarter valued at about $9,163,000. Amundi raised its position in shares of Nextera Energy Partners by 90.9% during the fourth quarter. Amundi now owns 414,240 shares of the company’s stock worth $7,564,000 after acquiring an additional 197,286 shares during the last quarter. Natural Investments LLC acquired a new position in shares of Nextera Energy Partners in the fourth quarter worth approximately $504,000. Finally, Prescott Group Capital Management L.L.C. bought a new stake in Nextera Energy Partners in the fourth quarter valued at approximately $3,916,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.

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.