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

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

Several other research firms have also weighed in on NEP. Barclays decreased 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 restated an “underweight” rating and set a $13.00 price target (down previously 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 price-to-earnings 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 Trading of Nextera Energy Partners

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in Nextera Energy Partners in the fourth quarter worth $9,163,000. Amundi increased its stake in Nextera Energy Partners by 90.9% in 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. Natural Investments LLC purchased a new stake in Nextera Energy Partners in the fourth quarter worth $504,000. Finally, Prescott Group Capital Management L.L.C. purchased a new stake in Nextera Energy Partners in the fourth quarter worth $3,916,000. 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.