StockNews.com Begins Coverage on Nextera Energy Partners (NYSE:NEP)

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

NEP has been the topic of a number of other reports. Morgan Stanley reaffirmed an “underweight” rating and set a $13.00 price objective (down from $22.00) on shares of Nextera Energy Partners in a research report on Monday, February 3rd. Barclays lowered their price objective on Nextera Energy Partners from $17.00 to $7.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd.

Nextera Energy Partners Stock Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. The stock has a market cap of $983.47 million, a price-to-earnings ratio of -105.15 and a beta of 1.03.

Institutional Trading of Nextera Energy Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in Nextera Energy Partners during the 4th quarter valued at approximately $9,163,000. Amundi raised its stake 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 purchasing an additional 197,286 shares during the period. Natural Investments LLC bought a new stake in Nextera Energy Partners during the 4th quarter valued at approximately $504,000. Finally, Prescott Group Capital Management L.L.C. bought a new stake in Nextera Energy Partners during the 4th quarter valued at approximately $3,916,000. Institutional investors own 66.01% of the company’s stock.

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.