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

Posted by Carolyn Dwyer on Feb 14th, 2025

Stock analysts at StockNews.com started coverage on shares of Nextera Energy Partners (NYSE:NEP – Get Free Report) in a research note issued on Wednesday. The firm set a “sell” rating on the stock.

A number of other analysts also recently issued reports on NEP. Barclays reduced their price objective on Nextera Energy Partners from $17.00 to $7.00 and set an “underweight” rating on the stock in a research note on Monday, February 3rd. Morgan Stanley reaffirmed an “underweight” rating and issued a $13.00 price objective (down previously from $22.00) on shares of Nextera Energy Partners in a research note on Monday, February 3rd.

Check Out Our Latest Analysis on NEP

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

Hedge Funds Weigh In On Nextera Energy Partners

Large investors have recently modified their holdings of the stock. Natural Investments LLC bought a new position in shares of Nextera Energy Partners during the 4th quarter valued at approximately $504,000. Prescott Group Capital Management L.L.C. bought a new position in shares of Nextera Energy Partners during the 4th quarter valued at approximately $3,916,000. Amundi increased its position in shares of Nextera Energy Partners by 90.9% during the 4th quarter. Amundi now owns 414,240 shares of the company’s stock valued at $7,564,000 after purchasing an additional 197,286 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Nextera Energy Partners during the 4th quarter valued at approximately $9,163,000. Institutional investors own 66.01% of the company’s stock.

About Nextera Energy Partners

(Get Free Report)

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.