Nextera Energy Partners (NYSE:NEP) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Nextera Energy Partners (NYSE:NEP) in a report released on Saturday morning. The firm issued a sell rating on the stock.

NEP has been the topic of several other reports. Morgan Stanley reiterated 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. Barclays dropped their target price on shares of Nextera Energy Partners from $17.00 to $7.00 and set an “underweight” rating for the company in a report on Monday, February 3rd.

Nextera Energy Partners Stock Performance

The company has a market capitalization of $983.47 million, a PE ratio of -105.15 and a beta of 1.03. 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 Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NEP. Natural Investments LLC purchased a new position in shares of Nextera Energy Partners during the fourth quarter worth approximately $504,000. Amundi lifted its holdings in shares of Nextera Energy Partners by 90.9% during 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. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Nextera Energy Partners in the fourth quarter worth $3,916,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Nextera Energy Partners in the fourth quarter worth about $9,163,000. Hedge funds and other 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.