NextEra Energy (NYSE:NEE) had its price objective lowered by Morgan Stanley from $172.00 to $165.00 in a research report sent to investors on Tuesday morning. The brokerage currently has an overweight rating on the utilities provider’s stock.

NEE has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of NextEra Energy from a buy rating to a hold rating in a research report on Wednesday, January 10th. Bank of America assumed coverage on shares of NextEra Energy in a research report on Tuesday, October 24th. They set a buy rating and a $166.00 target price for the company. Credit Suisse Group assumed coverage on NextEra Energy in a report on Thursday, December 7th. They set an outperform rating and a $173.00 price target on the stock. Guggenheim restated a buy rating and set a $177.00 price target on shares of NextEra Energy in a report on Wednesday, January 3rd. Finally, Royal Bank of Canada restated a buy rating and set a $156.00 price target on shares of NextEra Energy in a report on Tuesday, November 7th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $161.38.

Shares of NextEra Energy (NEE) opened at $151.07 on Tuesday. The firm has a market cap of $70,559.64, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 2.46 and a beta of 0.28. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07. NextEra Energy has a 52-week low of $124.52 and a 52-week high of $159.64.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates 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%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 EPS. equities research analysts forecast that NextEra Energy will post 7.72 earnings per share for the current fiscal year.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 9,250 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total transaction of $1,404,427.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the transaction, the chief executive officer now owns 121,958 shares in the company, valued at $19,202,287.10. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Whalerock Point Partners LLC lifted its holdings in shares of NextEra Energy by 0.3% in the 2nd quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock worth $784,000 after purchasing an additional 15 shares in the last quarter. South Texas Money Management Ltd. lifted its holdings in shares of NextEra Energy by 0.5% in the 2nd quarter. South Texas Money Management Ltd. now owns 3,604 shares of the utilities provider’s stock worth $505,000 after purchasing an additional 19 shares in the last quarter. Salem Investment Counselors Inc. lifted its holdings in shares of NextEra Energy by 0.7% in the 2nd quarter. Salem Investment Counselors Inc. now owns 9,065 shares of the utilities provider’s stock worth $1,270,000 after purchasing an additional 64 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in shares of NextEra Energy by 0.3% in the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 22,675 shares of the utilities provider’s stock worth $3,177,000 after purchasing an additional 70 shares in the last quarter. Finally, ARGI Investment Services LLC lifted its holdings in shares of NextEra Energy by 0.9% in the 2nd quarter. ARGI Investment Services LLC now owns 8,443 shares of the utilities provider’s stock worth $1,183,000 after purchasing an additional 73 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

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About NextEra Energy

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

Analyst Recommendations for NextEra Energy (NYSE:NEE)

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