NextEra Energy (NEE) PT Lowered to $165.00

NextEra Energy (NYSE:NEE) had its price objective lowered by equities researchers at Morgan Stanley from $172.00 to $165.00 in a research note issued on Tuesday. The firm presently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s target price points to a potential upside of 9.94% from the company’s previous close.

A number of other equities analysts have also issued reports on the company. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a research note on Tuesday, December 12th. Bank of America initiated coverage on NextEra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price for the company. Argus restated a “buy” rating and issued a $173.00 target price on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Credit Suisse Group initiated coverage on NextEra Energy in a research note on Thursday, December 7th. They issued an “outperform” rating and a $173.00 target price for the company. Finally, Guggenheim reaffirmed a “buy” rating and set a $177.00 price target on shares of NextEra Energy in a research report on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $161.38.

NextEra Energy (NYSE:NEE) opened at $150.08 on Tuesday. The stock has a market capitalization of $71,062.97, a price-to-earnings ratio of 13.18, a P/E/G ratio of 2.50 and a beta of 0.28. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.52. NextEra Energy has a 52 week low of $124.56 and a 52 week high of $159.64.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.18 billion. NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business earned $1.21 EPS. analysts forecast that NextEra Energy will post 7.67 earnings per share for the current fiscal year.

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

Several large investors have recently bought and sold shares of NEE. Janus Henderson Group PLC grew its position in shares of NextEra Energy by 2,832.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock valued at $252,287,000 after acquiring an additional 1,738,989 shares during the period. Vanguard Group Inc. grew its position in shares of NextEra Energy by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after acquiring an additional 1,503,907 shares during the period. Millennium Management LLC grew its position in shares of NextEra Energy by 243.4% during the 4th quarter. Millennium Management LLC now owns 1,465,988 shares of the utilities provider’s stock valued at $228,973,000 after acquiring an additional 1,039,072 shares during the period. Standard Life Aberdeen plc grew its position in shares of NextEra Energy by 104.7% during the 4th quarter. Standard Life Aberdeen plc now owns 1,666,351 shares of the utilities provider’s stock valued at $260,326,000 after acquiring an additional 852,434 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of NextEra Energy by 122.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock valued at $207,281,000 after acquiring an additional 814,478 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

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NextEra Energy Company Profile

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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