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

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

Other research analysts have also recently issued reports about the company. 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 report on Monday, February 3rd. Barclays dropped their price objective on Nextera Energy Partners from $17.00 to $7.00 and set an “underweight” rating on the stock in a research note on Monday, February 3rd.

Nextera Energy Partners Stock Performance

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in Nextera Energy Partners in the 4th quarter valued at $9,163,000. Amundi increased its holdings in shares of Nextera Energy Partners by 90.9% in the fourth 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 last quarter. Prescott Group Capital Management L.L.C. bought a new position in shares of Nextera Energy Partners in the fourth quarter valued at about $3,916,000. Finally, Natural Investments LLC bought a new position in shares of Nextera Energy Partners in the fourth quarter valued at about $504,000. 66.01% of the stock is currently owned by 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.