Nextera Energy Partners (NYSE:NEP) Now Covered by Analysts at StockNews.com

Equities 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 Saturday. The firm set a “sell” rating on the stock.

NEP has been the subject of several other reports. Barclays dropped their price objective on 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 reissued an “underweight” rating and set a $13.00 price target (down 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 market cap of $983.47 million, a P/E 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.

Hedge Funds Weigh In On Nextera Energy Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Natural Investments LLC acquired a new stake in shares of Nextera Energy Partners in the 4th quarter valued at approximately $504,000. Prescott Group Capital Management L.L.C. bought a new stake in Nextera Energy Partners in the fourth quarter valued at approximately $3,916,000. Amundi raised 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 position in shares of Nextera Energy Partners during the fourth quarter worth $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.