NextEra Energy (NYSE:NEE) had its price target increased by analysts at Morgan Stanley from $194.00 to $207.00 in a research note issued on Friday, BenzingaRatingsTable reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 1.09% from the company’s current price.
Several other equities research analysts have also weighed in on NEE. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Barclays upgraded shares of NextEra Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $187.00 to $207.00 in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Goldman Sachs Group cut shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 target price for the company. in a research report on Monday, April 8th. Credit Suisse Group set a $199.00 target price on shares of NextEra Energy and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Wells Fargo & Co upped their target price on shares of NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $204.46.
Shares of NextEra Energy stock opened at $204.77 on Friday. The stock has a market capitalization of $97.97 billion, a PE ratio of 26.59, a P/E/G ratio of 3.11 and a beta of 0.26. 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 1 year low of $156.23 and a 1 year high of $208.47.
NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.19. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates 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 business posted $1.94 EPS. Sell-side analysts forecast that NextEra Energy will post 8.35 earnings per share for the current year.
In other NextEra Energy news, Director James L. Robo sold 15,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.86, for a total value of $3,072,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Charles E. Sieving sold 16,446 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.08, for a total transaction of $3,290,515.68. Following the completion of the sale, the executive vice president now owns 67,900 shares in the company, valued at $13,585,432. The disclosure for this sale can be found here. Insiders sold a total of 86,475 shares of company stock worth $17,079,179 over the last quarter. 0.48% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc lifted its holdings in NextEra Energy by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock valued at $6,907,634,000 after purchasing an additional 815,916 shares during the last quarter. BlackRock Inc. lifted its holdings in NextEra Energy by 2.4% during the 4th quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock valued at $6,544,616,000 after purchasing an additional 886,301 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in NextEra Energy by 17,067.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 8,771,018 shares during the last quarter. Northern Trust Corp lifted its holdings in NextEra Energy by 1.6% during the 1st quarter. Northern Trust Corp now owns 6,786,481 shares of the utilities provider’s stock valued at $1,311,963,000 after purchasing an additional 107,426 shares during the last quarter. Finally, Norges Bank bought a new position in NextEra Energy during the 4th quarter valued at about $1,172,014,000. Institutional investors own 75.90% of the company’s stock.
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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