NextEra Energy (NYSE:NEE) Sets New 12-Month High After Analyst Upgrade

NextEra Energy, Inc. (NYSE:NEEGet Rating) shares reached a new 52-week high during mid-day trading on Tuesday after Morgan Stanley raised their price target on the stock from $98.00 to $100.00. Morgan Stanley currently has an overweight rating on the stock. NextEra Energy traded as high as $92.71 and last traded at $82.11, with a volume of 336767 shares trading hands. The stock had previously closed at $82.67.

NEE has been the topic of a number of other research reports. Credit Suisse Group increased their target price on NextEra Energy to $89.00 in a research note on Tuesday, November 1st. Guggenheim lowered their target price on NextEra Energy from $108.00 to $99.00 in a research note on Monday, October 24th. BMO Capital Markets increased their target price on NextEra Energy from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Monday, October 31st. StockNews.com began coverage on NextEra Energy in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, KeyCorp lowered their target price 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. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.40.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 7,723 shares of NextEra Energy stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $85.00, for a total value of $656,455.00. Following the transaction, the executive vice president now owns 178,227 shares in the company, valued at approximately $15,149,295. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Miguel Arechabala sold 12,478 shares of NextEra Energy stock in a transaction on 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 owns 24,710 shares in the company, valued at approximately $2,122,341.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Charles E. Sieving sold 7,723 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $85.00, for a total value of $656,455.00. Following the sale, the executive vice president now directly owns 178,227 shares in the company, valued at approximately $15,149,295. The disclosure for this sale can be found here. Insiders have sold a total of 46,617 shares of company stock worth $3,962,217 in the last 90 days. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On NextEra Energy

Hedge funds have recently modified their holdings of the company. Hoey Investments Inc. acquired a new stake in shares of NextEra Energy during the 2nd quarter valued at $26,000. Urban Wealth Management LLC acquired a new stake in shares of NextEra Energy during the 2nd quarter valued at $28,000. SRS Capital Advisors Inc. boosted its holdings in shares of NextEra Energy by 70.8% during the 2nd quarter. SRS Capital Advisors Inc. now owns 386 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 160 shares in the last quarter. Trifecta Capital Advisors LLC acquired a new stake in shares of NextEra Energy during the 4th quarter valued at $35,000. Finally, Align Wealth Management LLC acquired a new stake in shares of NextEra Energy during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 76.17% of the company’s stock.

NextEra Energy Stock Performance

The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.40 and a current ratio of 0.46. The company has a market cap of $166.72 billion, a price-to-earnings ratio of 43.25, a P/E/G ratio of 2.71 and a beta of 0.48. The company has a fifty day moving average of $84.31 and a two-hundred day moving average of $83.10.

NextEra Energy (NYSE:NEEGet Rating) last announced its earnings results on Friday, October 28th. The utilities provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.79 by $0.06. The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $5.77 billion. NextEra Energy had a return on equity of 12.27% and a net margin of 19.30%. The business’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post 2.89 EPS for the current year.

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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