NextEra Energy (NYSE:NEE – Get Rating) had its price objective lifted by stock analysts at Morgan Stanley from $79.00 to $83.00 in a research report issued on Thursday, Stock Target Advisor reports. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 3.43% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on the stock. Mizuho decreased their price objective on shares of NextEra Energy from $88.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 25th. TheStreet lowered shares of NextEra Energy from a “b” rating to a “c+” rating in a research note on Thursday, April 21st. Barclays cut their target price on shares of NextEra Energy from $90.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Monday, July 18th. KeyCorp dropped their price objective on shares of NextEra Energy from $89.00 to $88.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, StockNews.com initiated coverage on shares of NextEra Energy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $88.00.
NextEra Energy Trading Up 1.7 %
Shares of NYSE NEE opened at $80.25 on Thursday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.42 and a current ratio of 0.49. NextEra Energy has a 52-week low of $67.22 and a 52-week high of $93.73. The firm has a 50 day moving average price of $76.45 and a two-hundred day moving average price of $78.14. The stock has a market cap of $157.65 billion, a P/E ratio of 108.45, a price-to-earnings-growth ratio of 2.95 and a beta of 0.45.
NextEra Energy (NYSE:NEE – Get Rating) last announced its quarterly earnings results on Friday, July 22nd. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. NextEra Energy had a net margin of 8.97% and a return on equity of 11.49%. The firm had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the prior year, the company posted $0.71 EPS. The company’s revenue was up 32.0% on a year-over-year basis. As a group, equities analysts forecast that NextEra Energy will post 2.86 EPS for the current year.
Insider Buying and Selling at NextEra Energy
In other NextEra Energy news, CEO John W. Ketchum bought 12,909 shares of NextEra Energy stock in a transaction dated Friday, July 1st. The shares were purchased at an average cost of $78.33 per share, with a total value of $1,011,161.97. Following the transaction, the chief executive officer now directly owns 132,894 shares of the company’s stock, valued at $10,409,587.02. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other NextEra Energy news, CEO John W. Ketchum bought 12,909 shares of NextEra Energy stock in a transaction dated Friday, July 1st. The shares were purchased at an average cost of $78.33 per share, with a total value of $1,011,161.97. Following the transaction, the chief executive officer now directly owns 132,894 shares of the company’s stock, valued at $10,409,587.02. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kirk S. Hachigian purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was purchased at an average price of $70.19 per share, for a total transaction of $701,900.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $350,950. The disclosure for this purchase can be found here. Insiders own 0.38% of the company’s stock.
Institutional Investors Weigh In On NextEra Energy
Several hedge funds and other institutional investors have recently made changes to their positions in NEE. Norges Bank purchased a new stake in NextEra Energy in the 4th quarter worth approximately $2,724,059,000. Vanguard Group Inc. grew its holdings in NextEra Energy by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 182,355,161 shares of the utilities provider’s stock valued at $15,447,306,000 after buying an additional 3,505,846 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in NextEra Energy by 29.4% during the 4th quarter. 1832 Asset Management L.P. now owns 9,406,722 shares of the utilities provider’s stock valued at $881,233,000 after buying an additional 2,136,829 shares in the last quarter. Alphinity Investment Management Pty Ltd grew its holdings in NextEra Energy by 1,709.8% during the 1st quarter. Alphinity Investment Management Pty Ltd now owns 2,225,009 shares of the utilities provider’s stock valued at $188,481,000 after buying an additional 2,102,067 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in NextEra Energy during the 4th quarter valued at approximately $166,275,000. Hedge funds and other institutional investors own 77.89% 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, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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