NextEra Energy (NYSE:NEE) had its price objective hoisted by KeyCorp from $165.00 to $168.00 in a research note released on Wednesday morning. KeyCorp currently has an overweight rating on the utilities provider’s stock.
NEE has been the subject of a number of other reports. Zacks Investment Research lowered shares of NextEra Energy from a buy rating to a hold rating in a report on Wednesday, January 10th. Morgan Stanley lowered their price target on shares of NextEra Energy from $172.00 to $165.00 and set an overweight rating for the company in a report on Tuesday, February 13th. JPMorgan Chase raised their price target on shares of NextEra Energy from $167.00 to $170.00 and gave the company an overweight rating in a report on Tuesday, April 10th. ValuEngine raised shares of NextEra Energy from a hold rating to a buy rating in a report on Thursday, March 1st. Finally, Guggenheim reaffirmed a buy rating and set a $177.00 price target on shares of NextEra Energy in a report on Wednesday, January 3rd. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $167.50.
NEE opened at $162.86 on Wednesday. The firm has a market cap of $76,842.99, a P/E ratio of 24.33, a PEG ratio of 2.58 and a beta of 0.24. NextEra Energy has a twelve month low of $129.22 and a twelve month high of $165.15. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.18 billion. NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. NextEra Energy’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 earnings per share. equities analysts forecast that NextEra Energy will post 7.72 earnings per share for the current year.
In other news, CEO Armando Pimentel, Jr. sold 9,250 shares of NextEra Energy 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James L. Robo sold 18,000 shares of NextEra Energy stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $160.89, for a total transaction of $2,896,020.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,245 shares of company stock valued at $9,783,623. 0.55% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Covenant Asset Management LLC boosted its holdings in shares of NextEra Energy by 15.0% in the 4th quarter. Covenant Asset Management LLC now owns 2,663 shares of the utilities provider’s stock valued at $416,000 after buying an additional 348 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of NextEra Energy by 2.8% in the 3rd quarter. IFM Investors Pty Ltd now owns 13,219 shares of the utilities provider’s stock valued at $1,937,000 after buying an additional 354 shares during the period. Cetera Advisors LLC boosted its holdings in shares of NextEra Energy by 3.0% in the 3rd quarter. Cetera Advisors LLC now owns 12,255 shares of the utilities provider’s stock valued at $1,798,000 after buying an additional 359 shares during the period. Oakworth Capital Inc. boosted its holdings in shares of NextEra Energy by 12.9% in the 4th quarter. Oakworth Capital Inc. now owns 3,152 shares of the utilities provider’s stock valued at $498,000 after buying an additional 361 shares during the period. Finally, Synovus Financial Corp boosted its holdings in shares of NextEra Energy by 1.8% in the 4th quarter. Synovus Financial Corp now owns 20,676 shares of the utilities provider’s stock valued at $3,233,000 after buying an additional 363 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.
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About NextEra Energy
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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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