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

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

A number of other research analysts have also commented on NEP. Barclays lowered their price target on Nextera Energy Partners from $17.00 to $7.00 and set an “underweight” rating on the stock in a report on Monday, February 3rd. 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 report on Monday, February 3rd.

Nextera Energy Partners Stock Performance

The firm has a market cap of $983.47 million, a P/E ratio of -105.15 and a beta of 1.03. The company has a quick ratio of 1.78, a current ratio of 2.02 and a debt-to-equity ratio of 0.37.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Nextera Energy Partners during the fourth quarter valued at about $9,163,000. Amundi boosted its stake in 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 buying an additional 197,286 shares in the last quarter. Prescott Group Capital Management L.L.C. bought a new position in Nextera Energy Partners during the fourth quarter valued at about $3,916,000. Finally, Natural Investments LLC bought a new position in Nextera Energy Partners during the fourth quarter valued at about $504,000. 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.