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

Research analysts at StockNews.com began coverage on shares of Nextera Energy Partners (NYSE:NEP) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the stock.

Several other analysts also recently weighed in on the stock. Barclays decreased their price target on shares of 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. Morgan Stanley reaffirmed an “underweight” rating and set a $13.00 price target (down previously from $22.00) on shares of Nextera Energy Partners in a research note on Monday, February 3rd.

Nextera Energy Partners Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. The stock has a market cap of $983.47 million, a PE ratio of -105.15 and a beta of 1.03. Nextera Energy Partners has a 12 month low of $9.98 and a 12 month high of $35.15.

Institutional Trading of Nextera Energy Partners

Several institutional investors and hedge funds have recently modified their holdings of NEP. Raymond James Financial Inc. bought a new position in Nextera Energy Partners in the fourth quarter worth approximately $9,163,000. Amundi raised its stake in Nextera Energy Partners by 90.9% in the fourth quarter. Amundi now owns 414,240 shares of the company’s stock worth $7,564,000 after buying an additional 197,286 shares in the last quarter. Prescott Group Capital Management L.L.C. bought a new position in Nextera Energy Partners in the fourth quarter worth approximately $3,916,000. Finally, Natural Investments LLC bought a new position in Nextera Energy Partners in the fourth quarter worth approximately $504,000. 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.