NextEra Energy (NYSE:NEE) had its price target boosted by Morgan Stanley from $207.00 to $209.00 in a research note published on Friday, BenzingaRatingsTable reports. The firm currently has an overweight rating on the utilities provider’s stock.

A number of other analysts have also recently commented on the company. Zacks Investment Research cut NextEra Energy from a buy rating to a hold rating in a research report on Friday, March 29th. Goldman Sachs Group cut NextEra Energy from a conviction-buy rating to a buy rating and set a $194.00 price objective for the company. in a research report on Monday, April 8th. Credit Suisse Group set a $199.00 price objective on NextEra Energy and gave the company a buy rating in a research report on Monday, April 22nd. Scotiabank upgraded NextEra Energy from a sector perform rating to an outperform rating and upped their price target for the stock from $187.00 to $202.00 in a research report on Wednesday, May 8th. Finally, KeyCorp started coverage on NextEra Energy in a research report on Tuesday, June 4th. They issued an overweight rating and a $225.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $206.85.

NextEra Energy stock opened at $208.20 on Friday. The stock has a market capitalization of $99.40 billion, a PE ratio of 27.04, a PEG ratio of 3.14 and a beta of 0.26. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.38 and a current ratio of 0.46. NextEra Energy has a one year low of $163.51 and a one year high of $208.65. The firm’s fifty day moving average price is $200.68.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.19. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. NextEra Energy had a return on equity of 10.26% and a net margin of 17.13%. During the same quarter in the prior year, the business earned $1.94 earnings per share. Equities research analysts anticipate that NextEra Energy will post 8.34 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Friday, May 31st. NextEra Energy’s payout ratio is 64.94%.

In other NextEra Energy news, EVP Charles E. Sieving sold 5,916 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $192.20, for a total value of $1,137,055.20. Following the completion of the sale, the executive vice president now owns 51,454 shares in the company, valued at $9,889,458.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Joseph T. Kelliher sold 5,741 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $207.26, for a total value of $1,189,879.66. Following the sale, the executive vice president now owns 37,235 shares of the company’s stock, valued at approximately $7,717,326.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,216 shares of company stock valued at $18,269,058. Company insiders own 0.48% of the company’s stock.

A number of institutional investors have recently made changes to their positions in NEE. Vanguard Group Inc raised its stake in shares of NextEra Energy by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock valued at $6,907,634,000 after buying an additional 815,916 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of NextEra Energy by 5.6% in the 4th quarter. Advisors Asset Management Inc. now owns 136,679 shares of the utilities provider’s stock valued at $23,758,000 after buying an additional 7,252 shares in the last quarter. Gantzert Investment Co. LLC ADV acquired a new position in shares of NextEra Energy in the 4th quarter valued at $3,854,000. Buckingham Capital Management Inc. raised its stake in shares of NextEra Energy by 0.9% in the 4th quarter. Buckingham Capital Management Inc. now owns 13,307 shares of the utilities provider’s stock valued at $2,313,000 after buying an additional 120 shares in the last quarter. Finally, Comerica Securities Inc. raised its stake in shares of NextEra Energy by 98.4% in the 4th quarter. Comerica Securities Inc. now owns 3,628 shares of the utilities provider’s stock valued at $631,000 after buying an additional 1,799 shares in the last quarter. 75.83% of the stock is owned by institutional investors.

NextEra Energy Company Profile

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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Analyst Recommendations for NextEra Energy (NYSE:NEE)

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