NextEra Energy (NYSE:NEE) PT Raised to $90.00 at Morgan Stanley

NextEra Energy (NYSE:NEE) had its price objective lifted by Morgan Stanley from $87.00 to $90.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

NEE has been the topic of a number of other reports. BMO Capital Markets upped their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an outperform rating in a research note on Monday, July 15th. Wells Fargo & Company increased their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an overweight rating in a research report on Tuesday, September 3rd. Mizuho cut shares of NextEra Energy from a buy rating to a neutral rating and set a $71.00 price objective for the company. in a research report on Wednesday, June 12th. Barclays increased their target price on NextEra Energy from $75.00 to $76.00 and gave the company an equal weight rating in a report on Friday, August 16th. Finally, Jefferies Financial Group started coverage on NextEra Energy in a report on Thursday, September 19th. They set a hold rating and a $87.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of Moderate Buy and a consensus price target of $82.07.

NextEra Energy Price Performance

Shares of NEE opened at $84.54 on Wednesday. The company has a market cap of $173.69 billion, a P/E ratio of 23.04, a PEG ratio of 3.08 and a beta of 0.56. NextEra Energy has a fifty-two week low of $47.15 and a fifty-two week high of $85.56. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The firm’s 50 day moving average price is $79.62 and its 200 day moving average price is $73.29.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period last year, the firm earned $0.88 earnings per share. On average, research analysts forecast that NextEra Energy will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NextEra Energy

Institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC lifted its holdings in shares of NextEra Energy by 35.7% in the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after buying an additional 26,382 shares during the period. Camden National Bank lifted its holdings in NextEra Energy by 10.2% in the fourth quarter. Camden National Bank now owns 156,631 shares of the utilities provider’s stock valued at $9,514,000 after acquiring an additional 14,477 shares during the period. Ancora Advisors LLC boosted its position in shares of NextEra Energy by 10.6% during the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock worth $5,112,000 after purchasing an additional 7,677 shares in the last quarter. Raymond James & Associates grew its stake in shares of NextEra Energy by 57.0% during the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after purchasing an additional 2,163,437 shares during the period. Finally, Holderness Investments Co. increased its holdings in shares of NextEra Energy by 139.0% in the 4th quarter. Holderness Investments Co. now owns 11,376 shares of the utilities provider’s stock valued at $691,000 after purchasing an additional 6,617 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

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,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.