StockNews.com assumed coverage on shares of Nextera Energy Partners (NYSE:NEP – Free Report) in a research report report published on Saturday morning. The brokerage issued a sell rating on the stock.
A number of other equities research analysts also recently weighed in on NEP. Morgan Stanley restated an “underweight” rating and issued a $13.00 price target (down from $22.00) on shares of Nextera Energy Partners in a research note on Monday, February 3rd. Barclays decreased their target price on shares of 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.
Check Out Our Latest Stock Analysis on NEP
Nextera Energy Partners Price Performance
Institutional Trading of Nextera Energy Partners
Institutional investors and hedge funds have recently bought and sold shares of the stock. Natural Investments LLC bought a new stake in shares of Nextera Energy Partners in the 4th quarter valued at about $504,000. 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 valued at $7,564,000 after acquiring an additional 197,286 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in Nextera Energy Partners during the 4th quarter valued at approximately $3,916,000. Finally, Raymond James Financial Inc. bought a new position in Nextera Energy Partners during the 4th quarter worth approximately $9,163,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.
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.
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