NextEra Energy (NEE) PT Lowered to $165.00 at Morgan Stanley

NextEra Energy (NYSE:NEE) had its price target trimmed by Morgan Stanley from $172.00 to $165.00 in a report published on Tuesday. The firm currently has an overweight rating on the utilities provider’s stock.

Several other analysts also recently weighed in 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 set a buy rating and a $166.00 target price for the company. Argus restated a buy rating and set 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 set an outperform rating and a $173.00 target price for the company. Finally, Guggenheim restated a buy rating and set a $177.00 target price on shares of NextEra Energy in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $161.38.

NextEra Energy (NYSE:NEE) traded up $0.20 on Tuesday, hitting $154.63. The stock had a trading volume of 347,307 shares, compared to its average volume of 2,274,966. The company has a market cap of $72,640.00, a P/E ratio of 13.59, a PEG ratio of 2.48 and a beta of 0.28. NextEra Energy has a 52 week low of $125.96 and a 52 week high of $159.64. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.52 and a current ratio of 0.64.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.06). The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 EPS. research analysts predict that NextEra Energy will post 7.68 EPS for the current year.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the transaction, the chief executive officer now owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the company’s stock in a transaction that occurred on 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. Corporate insiders own 0.53% of the company’s stock.

A number of institutional investors have recently bought and sold shares of NEE. Whalerock Point Partners LLC raised its holdings in shares of NextEra Energy by 0.3% in the 2nd quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock worth $784,000 after buying an additional 15 shares in the last quarter. South Texas Money Management Ltd. raised its holdings in shares of NextEra Energy by 0.5% in the 2nd quarter. South Texas Money Management Ltd. now owns 3,604 shares of the utilities provider’s stock worth $505,000 after buying an additional 19 shares in the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of NextEra Energy by 0.7% in the 2nd quarter. Salem Investment Counselors Inc. now owns 9,065 shares of the utilities provider’s stock worth $1,270,000 after buying an additional 64 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. raised its holdings in shares of NextEra Energy by 0.3% in the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 22,675 shares of the utilities provider’s stock worth $3,177,000 after buying an additional 70 shares in the last quarter. Finally, ARGI Investment Services LLC raised its holdings in shares of NextEra Energy by 0.9% in the 2nd quarter. ARGI Investment Services LLC now owns 8,443 shares of the utilities provider’s stock worth $1,183,000 after buying an additional 73 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

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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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