NextEra Energy (NYSE:NEE – Get Free Report) had its target price lifted by research analysts at Morgan Stanley from $93.00 to $94.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 36.31% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. Scotiabank lifted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Barclays boosted their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Guggenheim raised their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, NextEra Energy has an average rating of “Hold” and an average target price of $87.15.
Get Our Latest Research Report on NextEra Energy
NextEra Energy Stock Up 0.7 %
NextEra Energy (NYSE:NEE – Get Free Report) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts predict that NextEra Energy will post 3.41 earnings per share for the current year.
Insider Buying and Selling at NextEra Energy
In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.
Institutional Investors Weigh In On NextEra Energy
Several large investors have recently added to or reduced their stakes in NEE. Reston Wealth Management LLC bought a new position in shares of NextEra Energy in the third quarter valued at $27,000. Burkett Financial Services LLC lifted its position in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in NextEra Energy during the 4th quarter valued at about $28,000. Quarry LP bought a new stake in NextEra Energy during the 3rd quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of NextEra Energy in the third quarter worth approximately $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.
NextEra Energy Company Profile
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,natural gas, and other clean energy. 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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