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

Equities researchers at StockNews.com initiated coverage on shares of Nextera Energy Partners (NYSE:NEP) in a research note issued to investors on Thursday. The firm set a “sell” rating on the stock.

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

Nextera Energy Partners Price Performance

The firm has a market capitalization of $983.47 million, a price-to-earnings ratio of -105.15 and a beta of 1.03. Nextera Energy Partners has a 1-year low of $9.98 and a 1-year high of $35.15. The company has a quick ratio of 1.78, a current ratio of 2.02 and a debt-to-equity ratio of 0.37.

Institutional Investors Weigh In On Nextera Energy Partners

A number of hedge funds have recently added to or reduced their stakes in the business. Natural Investments LLC acquired a new stake in shares of Nextera Energy Partners during the 4th quarter worth approximately $504,000. Prescott Group Capital Management L.L.C. bought a new position in Nextera Energy Partners during the fourth quarter worth $3,916,000. Amundi grew its holdings 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 purchasing an additional 197,286 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Nextera Energy Partners in the fourth quarter valued at $9,163,000. 66.01% of the stock is currently owned by institutional investors.

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.