NextEra Energy (NYSE:NEE) had its price objective decreased by analysts at Morgan Stanley from $172.00 to $169.00 in a research note issued to investors on Wednesday. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 6.41% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $182.00 target price on the stock in a report on Wednesday, April 4th. ValuEngine raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. JPMorgan Chase & Co. raised their target price on NextEra Energy from $167.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 10th. Finally, KeyCorp raised their target price on NextEra Energy from $165.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, April 18th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $168.54.
Shares of NYSE:NEE opened at $158.82 on Wednesday. The company has a market cap of $73.16 billion, a P/E ratio of 23.70, a P/E/G ratio of 2.33 and a beta of 0.25. NextEra Energy has a 1 year low of $138.00 and a 1 year high of $166.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.46 and a current ratio of 0.59.
NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 24th. The utilities provider reported $1.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.16. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.15 billion. NextEra Energy had a return on equity of 10.91% and a net margin of 48.13%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.75 EPS. analysts anticipate that NextEra Energy will post 7.73 EPS for the current fiscal year.
In related news, Director James L. Robo sold 81,489 shares of the firm’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $156.81, for a total transaction of $12,778,290.09. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Eric E. Silagy sold 11,114 shares of the firm’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $160.82, for a total value of $1,787,353.48. Following the sale, the director now directly owns 25,898 shares in the company, valued at approximately $4,164,916.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,603 shares of company stock worth $20,284,964. 0.55% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. bought a new position in NextEra Energy during the 4th quarter worth $203,000. Candriam Luxembourg S.C.A. raised its position in NextEra Energy by 6.2% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 34,793 shares of the utilities provider’s stock worth $5,434,000 after purchasing an additional 2,018 shares during the last quarter. Keeler Thomas Management LLC bought a new position in NextEra Energy during the 4th quarter worth $129,000. Cypress Capital Management LLC raised its position in NextEra Energy by 184.6% during the 4th quarter. Cypress Capital Management LLC now owns 4,625 shares of the utilities provider’s stock worth $722,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its position in NextEra Energy by 8.6% during the 4th quarter. Catalyst Capital Advisors LLC now owns 95,000 shares of the utilities provider’s stock worth $14,838,000 after purchasing an additional 7,500 shares during the last quarter. 75.95% of the stock is currently owned by institutional investors.
NextEra Energy Company Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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