Nextera Energy Partners (NYSE:NEP) Earns Sell Rating from Analysts at StockNews.com

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

Several other research firms have also issued reports on NEP. Morgan Stanley reissued an “underweight” rating and issued a $13.00 price objective (down previously from $22.00) on shares of Nextera Energy Partners in a research report on Monday, February 3rd. Barclays lowered their price target 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.

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 fifty-two week low of $9.98 and a fifty-two 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 hedge funds have recently made changes to their positions in the company. Natural Investments LLC purchased a new position in shares of Nextera Energy Partners in the fourth quarter valued at $504,000. Prescott Group Capital Management L.L.C. acquired a new position in Nextera Energy Partners in the 4th quarter worth $3,916,000. Amundi grew its stake in shares of Nextera Energy Partners by 90.9% during the fourth quarter. Amundi now owns 414,240 shares of the company’s stock valued at $7,564,000 after acquiring an additional 197,286 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position 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.