NextEra Energy (NYSE:NEE) had its price objective raised by equities research analysts at Morgan Stanley from $173.00 to $175.00 in a report issued on Wednesday. The firm presently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 11.95% from the company’s previous close.
Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target for the company in a research report on Tuesday. Argus reiterated a “buy” rating and issued a $173.00 price target on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. J P Morgan Chase & Co began coverage on NextEra Energy in a research report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target for the company. Credit Suisse Group began coverage on NextEra Energy in a research report on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price target for the company. Finally, KeyCorp reiterated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research report on Thursday, October 12th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. NextEra Energy presently has a consensus rating of “Buy” and a consensus target price of $159.00.
NextEra Energy (NYSE:NEE) traded down $0.75 on Wednesday, reaching $156.32. The company had a trading volume of 2,045,198 shares, compared to its average volume of 1,683,005. The stock has a market capitalization of $74,910.82, a price-to-earnings ratio of 23.88, a P/E/G ratio of 3.18 and a beta of 0.31. NextEra Energy has a 12 month low of $114.85 and a 12 month high of $159.40. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11.
In other news, EVP John W. Ketchum sold 2,900 shares of NextEra Energy stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $150.00, for a total transaction of $435,000.00. Following the completion of the sale, the executive vice president now owns 18,786 shares of the company’s stock, valued at $2,817,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph T. Kelliher sold 2,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 107,757 shares of company stock valued at $16,419,953. 0.53% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Hanson McClain Inc. grew its holdings in NextEra Energy by 6.0% in the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 43 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 71 shares during the last quarter. Risk Paradigm Group LLC grew its holdings in NextEra Energy by 108.1% in the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 442 shares during the last quarter. Archford Capital Strategies LLC grew its holdings in NextEra Energy by 76.9% in the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 4,347 shares during the last quarter. Finally, Highstreet Asset Management Inc. purchased a new position in NextEra Energy in the second quarter worth $134,000. 75.63% of the stock is owned by hedge funds and other institutional investors.
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About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
