NextEra Energy (NYSE:NEE) Price Target Raised to $98.00 at Morgan Stanley

NextEra Energy (NYSE:NEEGet Rating) had its price objective upped by Morgan Stanley from $97.00 to $98.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

NEE has been the subject of several other research reports. Credit Suisse Group upped their price target on shares of NextEra Energy to $89.00 in a research report on Tuesday, November 1st. StockNews.com began coverage on shares of NextEra Energy in a research report on Wednesday, October 12th. They set a hold rating for the company. Guggenheim reduced their price target on shares of NextEra Energy from $108.00 to $99.00 in a research report on Monday, October 24th. BMO Capital Markets upped their price target on shares of NextEra Energy from $89.00 to $91.00 and gave the company an outperform rating in a research report on Monday, October 31st. Finally, Wells Fargo & Company increased their target price on shares of NextEra Energy from $105.00 to $110.00 and gave the stock an overweight rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $94.20.

NextEra Energy Price Performance

NEE opened at $84.54 on Tuesday. 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 stock has a market capitalization of $167.99 billion, a P/E ratio of 43.58, a P/E/G ratio of 2.77 and a beta of 0.48. The company’s 50-day simple moving average is $83.49 and its two-hundred day simple moving average is $82.73. NextEra Energy has a 52-week low of $67.22 and a 52-week high of $91.35.

NextEra Energy (NYSE:NEEGet Rating) last posted its earnings results on Friday, October 28th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06. NextEra Energy had a net margin of 19.30% and a return on equity of 12.27%. The business had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $5.77 billion. During the same quarter in the prior year, the business earned $0.75 EPS. The business’s revenue for the quarter was up 53.4% compared to the same quarter last year. As a group, analysts predict that NextEra Energy will post 2.89 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Friday, November 25th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Wednesday, November 23rd. NextEra Energy’s dividend payout ratio (DPR) is currently 87.63%.

Insider Activity

In other news, EVP Miguel Arechabala sold 12,478 shares of the stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $85.89, for a total transaction of $1,071,735.42. Following the completion of the transaction, the executive vice president now directly owns 24,710 shares in the company, valued at approximately $2,122,341.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Charles E. Sieving sold 2,277 shares of the stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $85.27, for a total transaction of $194,159.79. Following the completion of the transaction, the executive vice president now directly owns 175,950 shares in the company, valued at approximately $15,003,256.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Miguel Arechabala sold 12,478 shares of the stock in a transaction that occurred on Monday, December 12th. The shares were 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 of the company’s stock, valued at $2,122,341.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,617 shares of company stock worth $3,962,217. 0.43% of the stock is currently owned by insiders.

Institutional Trading of NextEra Energy

Institutional investors have recently bought and sold shares of the stock. Foundations Investment Advisors LLC lifted its position in NextEra Energy by 28.6% in the third quarter. Foundations Investment Advisors LLC now owns 4,899 shares of the utilities provider’s stock worth $384,000 after buying an additional 1,090 shares during the last quarter. Western Wealth Management LLC lifted its position in NextEra Energy by 1.5% in the second quarter. Western Wealth Management LLC now owns 43,880 shares of the utilities provider’s stock worth $3,413,000 after buying an additional 666 shares during the last quarter. McAdam LLC lifted its position in NextEra Energy by 4.5% in the third quarter. McAdam LLC now owns 3,374 shares of the utilities provider’s stock worth $265,000 after buying an additional 145 shares during the last quarter. Gould Asset Management LLC CA lifted its position in NextEra Energy by 15.0% in the second quarter. Gould Asset Management LLC CA now owns 6,874 shares of the utilities provider’s stock worth $532,000 after buying an additional 895 shares during the last quarter. Finally, FirstPurpose Wealth LLC increased its stake in NextEra Energy by 7.7% in the second quarter. FirstPurpose Wealth LLC now owns 2,726 shares of the utilities provider’s stock worth $211,000 after purchasing an additional 195 shares during the period. 76.17% of the stock is currently owned by institutional investors.

NextEra Energy Company Profile

(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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Analyst Recommendations for NextEra Energy (NYSE:NEE)

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