NextEra Energy (NYSE:NEE) had its price objective boosted by stock analysts at UBS Group from $225.00 to $236.00 in a note issued to investors on Friday, June 7th, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the utilities provider’s stock. UBS Group’s price target indicates a potential upside of 15.67% from the company’s current price.
Several other analysts also recently issued reports on the company. Zacks Investment Research raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Wells Fargo & Co lifted their target price on NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Barclays upgraded NextEra Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $187.00 to $207.00 in a report on Wednesday, March 20th. They noted that the move was a valuation call. KeyCorp began coverage on NextEra Energy in a research report on Tuesday, June 4th. They issued an “overweight” rating and a $225.00 target price for the company. Finally, Scotiabank raised NextEra Energy from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $187.00 to $202.00 in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $208.14.
Shares of NYSE:NEE traded down $0.84 on Friday, hitting $204.02. The company had a trading volume of 1,752,868 shares, compared to its average volume of 1,995,467. The firm has a market capitalization of $97.52 billion, a P/E ratio of 26.50, a PEG ratio of 3.05 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. The business has a 50 day moving average of $201.93. NextEra Energy has a 52-week low of $163.51 and a 52-week high of $208.91.
In related news, EVP Deborah H. Caplan sold 2,976 shares of NextEra Energy stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $194.44, for a total value of $578,653.44. Following the transaction, the executive vice president now directly owns 24,477 shares of the company’s stock, valued at $4,759,307.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 5,916 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $192.20, for a total transaction 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 approximately $9,889,458.80. The disclosure for this sale can be found here. Insiders have sold 105,616 shares of company stock valued at $21,030,126 over the last 90 days. Company insiders own 0.48% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc boosted its position in NextEra Energy by 2.0% during 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 during the period. BlackRock Inc. lifted its position in NextEra Energy by 2.4% during the 4th quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock valued at $6,544,616,000 after acquiring an additional 886,301 shares during the period. Oregon Public Employees Retirement Fund lifted its position in NextEra Energy by 17,067.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 8,771,018 shares during the period. Northern Trust Corp lifted its position in NextEra Energy by 1.6% during the 1st quarter. Northern Trust Corp now owns 6,786,481 shares of the utilities provider’s stock valued at $1,311,963,000 after acquiring an additional 107,426 shares during the period. Finally, Norges Bank purchased a new position in NextEra Energy during the 4th quarter valued at about $1,172,014,000. 75.82% of the stock is owned by hedge funds and other 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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