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

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

A number of other analysts also recently issued reports on NEP. Barclays decreased their target price 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 restated an “underweight” rating and issued a $13.00 target price (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 cap of $983.47 million, a price-to-earnings 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.

Institutional Investors Weigh In On Nextera Energy Partners

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