Morgan Stanley Trims NextEra Energy (NYSE:NEE) Target Price to $86.00

NextEra Energy (NYSE:NEEGet Rating) had its price objective decreased by investment analysts at Morgan Stanley from $88.00 to $86.00 in a research report issued to clients and investors on Monday, Stock Target Advisor reports. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target suggests a potential upside of 19.11% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. KeyCorp lifted their price target on shares of NextEra Energy from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Thursday, April 7th. StockNews.com began coverage on NextEra Energy in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Wells Fargo & Company lifted their price objective on NextEra Energy from $102.00 to $107.00 and gave the company an “overweight” rating in a report on Monday, April 18th. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a report on Tuesday, March 29th. Finally, Mizuho decreased their price objective on shares of NextEra Energy from $88.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 25th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Buy” and an average target price of $89.22.

Shares of NEE traded up $0.98 during mid-day trading on Monday, hitting $72.20. The company’s stock had a trading volume of 129,260 shares, compared to its average volume of 10,449,238. The stock’s 50-day moving average is $78.47 and its two-hundred day moving average is $81.78. The firm has a market capitalization of $141.84 billion, a PE ratio of 97.57, a price-to-earnings-growth ratio of 2.85 and a beta of 0.49. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.42 and a current ratio of 0.49. NextEra Energy has a one year low of $67.22 and a one year high of $93.73.

NextEra Energy (NYSE:NEEGet Rating) last issued its quarterly earnings results on Thursday, April 21st. The utilities provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. NextEra Energy had a net margin of 8.97% and a return on equity of 11.49%. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the prior year, the firm earned $0.67 EPS. Analysts expect that NextEra Energy will post 2.81 EPS for the current fiscal year.

In other news, Director Kirk S. Hachigian bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was acquired at an average cost of $70.19 per share, with a total value of $701,900.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $350,950. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.38% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Jackson Wealth Management LLC raised its stake in NextEra Energy by 275.6% during the third quarter. Jackson Wealth Management LLC now owns 71,561 shares of the utilities provider’s stock worth $28,000 after buying an additional 52,510 shares during the last quarter. Contravisory Investment Management Inc. increased its holdings in NextEra Energy by 295.5% during the 1st quarter. Contravisory Investment Management Inc. now owns 348 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 260 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in NextEra Energy during the 4th quarter worth approximately $31,000. Evolution Advisers Inc. purchased a new stake in shares of NextEra Energy in the first quarter worth approximately $33,000. Finally, Comprehensive Financial Consultants Institutional Inc. bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $34,000. 77.89% of the stock is owned by institutional investors.

About NextEra Energy (Get Rating)

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, coal, and natural gas facilities. 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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