NextEra Energy (NYSE:NEE) Price Target Increased to $90.00 by Analysts at Morgan Stanley

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

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada raised their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an outperform rating in a research note on Wednesday, June 12th. BMO Capital Markets raised their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an outperform rating in a research report on Monday, July 15th. Scotiabank boosted their price target on NextEra Energy from $73.00 to $92.00 and gave the company a sector outperform rating in a report on Tuesday, August 20th. Mizuho downgraded NextEra Energy from a buy rating to a neutral rating and set a $71.00 price objective for the company. in a research report on Wednesday, June 12th. Finally, Wells Fargo & Company raised their price target on NextEra Energy from $95.00 to $102.00 and gave the stock an overweight rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $82.07.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $84.54 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The stock has a market cap of $173.69 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 3.08 and a beta of 0.56. The company’s 50-day moving average price is $79.62 and its 200 day moving average price is $73.29. NextEra Energy has a 52 week low of $47.15 and a 52 week high of $85.56.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the prior year, the company earned $0.88 EPS. As a group, research analysts forecast that NextEra Energy will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.515 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.44%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by company insiders.

Institutional Trading of NextEra Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Proffitt & Goodson Inc. grew its holdings in NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. grew its stake in NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 225 shares in the last quarter. Clear Investment Research LLC grew its stake in NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares in the last quarter. American Capital Advisory LLC increased its holdings in 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 buying an additional 205 shares during the last quarter. Finally, Valley Wealth Managers Inc. acquired a new stake in NextEra Energy during the second quarter valued at approximately $33,000. Institutional investors own 78.72% of the company’s stock.

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.