NextEra Energy (NYSE:NEE) Price Target Raised to $100.00

NextEra Energy (NYSE:NEEGet Rating) had its price target upped by Morgan Stanley from $98.00 to $100.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

Several other equities analysts have also recently issued reports on NEE. StockNews.com began coverage on NextEra Energy in a research note on Wednesday, October 12th. They set a hold rating on the stock. KeyCorp reduced their price objective on NextEra Energy from $93.00 to $89.00 and set an overweight rating on the stock in a research note on Thursday, October 20th. BMO Capital Markets raised their price objective on NextEra Energy from $89.00 to $91.00 and gave the stock an outperform rating in a research note on Monday, October 31st. Wells Fargo & Company raised their price objective on NextEra Energy from $105.00 to $110.00 and gave the stock an overweight rating in a research note on Tuesday, January 10th. Finally, Credit Suisse Group raised their price objective on NextEra Energy to $89.00 in a research note on Tuesday, November 1st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, NextEra Energy has a consensus rating of Moderate Buy and a consensus price target of $94.40.

NextEra Energy Stock Performance

NextEra Energy stock opened at $82.67 on Monday. The stock has a market cap of $164.28 billion, a P/E ratio of 42.61, a price-to-earnings-growth ratio of 2.71 and a beta of 0.48. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 1.17. The stock has a 50 day moving average of $84.29 and a 200-day moving average of $83.07. NextEra Energy has a 52 week low of $67.22 and a 52 week high of $91.35.

NextEra Energy (NYSE:NEEGet Rating) last released its earnings results on Friday, October 28th. The utilities provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.79 by $0.06. NextEra Energy had a return on equity of 12.27% and a net margin of 19.30%. The company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same period in the prior year, the business posted $0.75 EPS. The business’s revenue was up 53.4% on a year-over-year basis. On average, analysts expect that NextEra Energy will post 2.89 EPS for the current fiscal year.

Insider Activity

In other news, EVP Robert Coffey sold 2,908 shares of the firm’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $78.19, for a total transaction of $227,376.52. Following the transaction, the executive vice president now directly owns 11,489 shares of the company’s stock, valued at $898,324.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Robert Coffey sold 2,908 shares of the firm’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $78.19, for a total transaction of $227,376.52. Following the transaction, the executive vice president now directly owns 11,489 shares of the company’s stock, valued at $898,324.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Miguel Arechabala sold 12,478 shares of NextEra Energy stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $85.89, for a total value of $1,071,735.42. Following the transaction, the executive vice president now directly owns 24,710 shares in the company, valued at $2,122,341.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,617 shares of company stock valued at $3,962,217. Company insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Hoey Investments Inc. acquired a new position in shares of NextEra Energy in the 2nd quarter valued at $26,000. Urban Wealth Management LLC acquired a new position in shares of NextEra Energy in the 2nd quarter valued at $28,000. SRS Capital Advisors Inc. boosted its position in shares of NextEra Energy by 70.8% in the 2nd quarter. SRS Capital Advisors Inc. now owns 386 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 160 shares during the period. Align Wealth Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $34,000. Finally, Trifecta Capital Advisors LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $35,000. 76.17% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Company Profile

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NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL and NEER. The FPL segment engages primarily in the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.

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Analyst Recommendations for NextEra Energy (NYSE:NEE)

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