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

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

NEP has been the subject of a number of other research reports. Barclays reduced their target price on shares of 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 set a $13.00 price objective (down previously from $22.00) on shares of Nextera Energy Partners in a research report on Monday, February 3rd.

Nextera Energy Partners Price Performance

The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. Nextera Energy Partners has a 52-week low of $9.98 and a 52-week high of $35.15. The company has a market cap of $983.47 million, a price-to-earnings ratio of -105.15 and a beta of 1.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NEP. Raymond James Financial Inc. acquired a new position in shares of Nextera Energy Partners in the fourth quarter valued at approximately $9,163,000. Prescott Group Capital Management L.L.C. bought a new position in shares of Nextera Energy Partners during the 4th quarter worth approximately $3,916,000. Amundi boosted 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 worth $7,564,000 after buying an additional 197,286 shares in the last quarter. Finally, Natural Investments LLC bought a new position in shares of Nextera Energy Partners during the 4th quarter worth approximately $504,000. Institutional investors and hedge funds 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.