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

StockNews.com assumed coverage on shares of Nextera Energy Partners (NYSE:NEP) in a research report sent to investors on Tuesday morning. The firm issued a sell rating on the stock.

NEP has been the topic of a number of other reports. Morgan Stanley reissued an “underweight” rating and issued a $13.00 price target (down from $22.00) on shares of Nextera Energy Partners in a research note on Monday, February 3rd. Barclays cut their target price 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 Price Performance

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

Institutional Trading of Nextera Energy Partners

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Natural Investments LLC purchased a new position in shares of Nextera Energy Partners in the fourth quarter valued at approximately $504,000. Prescott Group Capital Management L.L.C. acquired a new stake in Nextera Energy Partners during the 4th quarter worth approximately $3,916,000. Amundi boosted its position in Nextera Energy Partners by 90.9% in 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 during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Nextera Energy Partners in the fourth quarter worth $9,163,000. 66.01% of the stock is currently owned by hedge funds and other institutional investors.

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.