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

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

Other research analysts also recently issued reports about the stock. Barclays lowered 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 report on Monday, February 3rd. 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.

Nextera Energy Partners Stock Performance

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

Institutional Inflows and Outflows

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

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.