NextEra Energy (NYSE:NEE – Free Report) had its target price lowered by Evercore ISI from $84.00 to $79.00 in a report released on Monday morning. Evercore ISI currently has an in-line rating on the utilities provider’s stock.
A number of other research firms have also recently issued reports on NEE. Scotiabank raised their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Morgan Stanley lifted their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Barclays increased their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Finally, Guggenheim upped their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $85.85.
View Our Latest Stock Analysis on NEE
NextEra Energy Stock Performance
NextEra Energy (NYSE:NEE – Get Free Report) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. Research analysts expect that NextEra Energy will post 3.41 EPS for the current fiscal year.
Insider Activity
In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Marshall Wace LLP lifted its stake in NextEra Energy by 1,337.2% in the 2nd quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock valued at $9,337,000 after buying an additional 122,691 shares in the last quarter. Ascent Group LLC lifted its position in shares of NextEra Energy by 14.8% in the second quarter. Ascent Group LLC now owns 35,786 shares of the utilities provider’s stock valued at $2,534,000 after acquiring an additional 4,620 shares in the last quarter. Silver Lake Advisory LLC acquired a new stake in shares of NextEra Energy in the second quarter worth approximately $424,000. NewEdge Advisors LLC increased its position in shares of NextEra Energy by 7.1% during the second quarter. NewEdge Advisors LLC now owns 263,919 shares of the utilities provider’s stock worth $18,688,000 after purchasing an additional 17,401 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in NextEra Energy by 195.7% in the 2nd quarter. Sunbelt Securities Inc. now owns 20,982 shares of the utilities provider’s stock valued at $1,486,000 after purchasing an additional 13,886 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.
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.
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