Morgan Stanley Lowers NextEra Energy (NEE) Price Target to $165.00

NextEra Energy (NYSE:NEE) had its price objective cut by equities research analysts at Morgan Stanley from $172.00 to $165.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 10.63% from the stock’s previous close.

NEE has been the topic of a number of other reports. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Bank of America assumed coverage on NextEra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price on the stock. Credit Suisse Group assumed coverage on NextEra Energy in a research note on Thursday, December 7th. They issued an “outperform” rating and a $173.00 target price on the stock. Guggenheim reiterated a “buy” rating and issued a $177.00 target price on shares of NextEra Energy in a research note on Wednesday, January 3rd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $156.00 target price on shares of NextEra Energy in a research note on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and a consensus target price of $161.38.

Shares of NextEra Energy (NYSE:NEE) opened at $149.15 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $70,560.00, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 2.43 and a beta of 0.28. NextEra Energy has a one year low of $124.52 and a one year high of $159.64.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.18 billion. NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 earnings per share. equities research analysts anticipate that NextEra Energy will post 7.72 EPS for the current fiscal year.

In related news, CEO Armando Pimentel, Jr. sold 9,250 shares of NextEra Energy stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total transaction of $1,404,427.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the transaction, the chief executive officer now directly owns 121,958 shares in the company, valued at $19,202,287.10. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Taylor Hoffman Wealth Management acquired a new position in NextEra Energy during the fourth quarter worth about $106,000. D Orazio & Associates Inc. acquired a new position in NextEra Energy during the fourth quarter worth about $113,000. Risk Paradigm Group LLC grew its holdings in NextEra Energy by 108.1% during the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 442 shares during the period. Archford Capital Strategies LLC grew its holdings in NextEra Energy by 76.9% during the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 4,347 shares during the period. Finally, Cerebellum GP LLC acquired a new position in NextEra Energy during the fourth quarter worth about $128,000. 75.24% of the stock is currently 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.

Analyst Recommendations for NextEra Energy (NYSE:NEE)

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