NextEra Energy (NYSE:NEE) Given New $90.00 Price Target at Morgan Stanley

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

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets boosted their price objective on NextEra Energy from $79.00 to $83.00 and gave the company an outperform rating in a report on Monday, July 15th. Mizuho downgraded NextEra Energy from a buy rating to a neutral rating and set a $71.00 price objective on the stock. in a report on Wednesday, June 12th. Evercore ISI boosted their price objective on NextEra Energy from $70.00 to $75.00 and gave the company an in-line rating in a report on Wednesday, June 12th. Jefferies Financial Group initiated coverage on NextEra Energy in a report on Thursday, September 19th. They issued a hold rating and a $87.00 price objective on the stock. Finally, Royal Bank of Canada upped their price target on NextEra Energy from $74.00 to $84.00 and gave the stock an outperform rating in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $82.07.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $84.53 on Wednesday. NextEra Energy has a 52 week low of $47.15 and a 52 week high of $85.56. The business’s fifty day simple moving average is $79.62 and its 200-day simple moving average is $73.18. The firm has a market cap of $173.67 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last posted 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. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same quarter in the previous year, the business earned $0.88 EPS. Equities analysts forecast that NextEra Energy will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis 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 currently 56.13%.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.18% of the company’s stock.

Institutional Trading of NextEra Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Proffitt & Goodson Inc. raised its holdings in shares of NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares during the last quarter. Semmax Financial Advisors Inc. lifted its position in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares during the period. Clear Investment Research LLC grew its stake in shares of NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares during the last quarter. American Capital Advisory LLC increased its holdings in shares of NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 205 shares during the period. Finally, Valley Wealth Managers Inc. purchased a new stake in shares of NextEra Energy during the second quarter worth approximately $33,000. 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.