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 Thursday. The firm issued a sell rating on the stock.

A number of other equities analysts have also weighed in on the company. Barclays decreased their price target on Nextera Energy Partners from $17.00 to $7.00 and set an “underweight” rating for the company in a research report on Monday, February 3rd. Morgan Stanley restated an “underweight” rating and set a $13.00 price objective (down from $22.00) on shares of Nextera Energy Partners in a research report on Monday, February 3rd.

Nextera Energy Partners Price Performance

The company has a quick ratio of 1.78, a current ratio of 2.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $983.47 million, a price-to-earnings ratio of -105.15 and a beta of 1.03.

Institutional Investors Weigh In On Nextera Energy Partners

A number of institutional investors have recently bought and sold shares of the business. Natural Investments LLC acquired a new stake in Nextera Energy Partners during the 4th quarter worth about $504,000. Amundi boosted its position in Nextera Energy Partners by 90.9% during the 4th quarter. Amundi now owns 414,240 shares of the company’s stock worth $7,564,000 after acquiring an additional 197,286 shares during the period. Prescott Group Capital Management L.L.C. acquired a new stake in Nextera Energy Partners during the 4th quarter worth about $3,916,000. Finally, Raymond James Financial Inc. acquired a new stake in Nextera Energy Partners during the 4th quarter worth about $9,163,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.

About Nextera Energy Partners

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.