Jefferies Financial Group Cuts NextEra Energy (NYSE:NEE) Price Target to $77.00

NextEra Energy (NYSE:NEE) had its price objective lowered by stock analysts at Jefferies Financial Group from $81.00 to $77.00 in a note issued to investors on Monday. Jefferies Financial Group’s target price suggests a potential upside of 5.64% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Evercore ISI decreased their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday. Guggenheim boosted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. BMO Capital Markets raised their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday. Morgan Stanley boosted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Barclays raised their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Stock Up 0.1 %

NYSE NEE traded up $0.06 during midday trading on Monday, hitting $72.89. 9,476,227 shares of the company traded hands, compared to its average volume of 11,617,555. The company has a market cap of $149.88 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy has a 52 week low of $53.95 and a 52 week high of $86.10. The company’s 50-day simple moving average is $73.02 and its 200-day simple moving average is $77.19.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. As a group, equities research analysts forecast that NextEra Energy will post 3.41 earnings per share for the current year.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On NextEra Energy

Institutional investors have recently modified their holdings of the business. Reston Wealth Management LLC acquired a new position in NextEra Energy during the third quarter worth $27,000. Burkett Financial Services LLC raised its position in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy in the 4th quarter valued at about $28,000. Quarry LP acquired a new stake in NextEra Energy in the 3rd quarter worth about $33,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in NextEra Energy during the 3rd quarter worth approximately $39,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

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,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.