NextEra Energy (NYSE:NEE) had its price target increased by stock analysts at Morgan Stanley from $193.00 to $194.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s target price would suggest a potential downside of 1.74% from the stock’s current price.
Other analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $213.00 price target for the company in a report on Thursday, April 25th. Goldman Sachs Group downgraded shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price target for the company. in a report on Monday, April 8th. Credit Suisse Group set a $199.00 price target on shares of NextEra Energy and gave the stock a “buy” rating in a report on Monday, April 22nd. Scotiabank upgraded shares of NextEra Energy from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $187.00 to $202.00 in a report on Wednesday, May 8th. Finally, Wells Fargo & Co raised their price target on shares of NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. NextEra Energy has an average rating of “Buy” and an average target price of $196.83.
NEE stock traded up $2.54 during mid-day trading on Thursday, reaching $197.44. The company’s stock had a trading volume of 270,037 shares, compared to its average volume of 2,067,046. The company has a market cap of $93.36 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 2.96 and a beta of 0.28. The company has a current ratio of 0.46, a quick ratio of 0.38 and a debt-to-equity ratio of 0.79. NextEra Energy has a fifty-two week low of $155.06 and a fifty-two week high of $196.71.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $2.20 EPS for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.19. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. NextEra Energy had a net margin of 17.13% and a return on equity of 10.26%. During the same quarter in the prior year, the firm earned $1.94 EPS. As a group, equities analysts forecast that NextEra Energy will post 8.41 earnings per share for the current year.
In related news, Director James L. Robo sold 15,000 shares of NextEra Energy stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $187.87, for a total value of $2,818,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deborah H. Caplan sold 2,976 shares of NextEra Energy stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $194.44, for a total transaction of $578,653.44. Following the completion of the sale, the executive vice president now owns 24,477 shares of the company’s stock, valued at approximately $4,759,307.88. The disclosure for this sale can be found here. Insiders sold a total of 179,611 shares of company stock valued at $34,252,510 in the last quarter. 0.48% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Ellis Investment Partners LLC purchased a new position in NextEra Energy in the 1st quarter valued at approximately $32,000. Acima Private Wealth LLC purchased a new position in NextEra Energy in the 4th quarter valued at approximately $39,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of NextEra Energy during the 1st quarter worth $39,000. RPG Investment Advisory LLC purchased a new stake in shares of NextEra Energy during the 1st quarter worth $42,000. Finally, Altshuler Shaham Ltd lifted its position in shares of NextEra Energy by 50.0% during the 1st quarter. Altshuler Shaham Ltd now owns 228 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 77.00% of the company’s stock.
About NextEra Energy
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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