Nextera Energy Partners (NYSE:NEP) Now Covered by Analysts at StockNews.com

Posted by Linda Flegge on Feb 13th, 2025

StockNews.com started coverage on shares of Nextera Energy Partners (NYSE:NEP – Free Report) in a report released on Wednesday morning. The brokerage issued a sell rating on the stock.

NEP has been the topic of several other reports. Morgan Stanley reaffirmed 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. Barclays dropped their price target on Nextera Energy Partners from $17.00 to $7.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd.

View Our Latest Stock Analysis on Nextera Energy Partners

Nextera Energy Partners Stock Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. The company 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 hedge funds and other institutional investors have recently bought and sold shares of NEP. Raymond James Financial Inc. bought a new stake in shares of Nextera Energy Partners in the 4th quarter worth approximately $9,163,000. Prescott Group Capital Management L.L.C. bought a new stake in Nextera Energy Partners in the fourth quarter worth $3,916,000. Amundi boosted its holdings 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 acquiring an additional 197,286 shares in the last quarter. Finally, Natural Investments LLC purchased a new stake in shares of Nextera Energy Partners in the fourth quarter worth $504,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

Nextera Energy Partners Company Profile

(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.