NextEra Energy (NYSE:NEE) Price Target Lowered to $220.00 at Barclays

NextEra Energy (NYSE:NEE) had its target price dropped by equities researchers at Barclays from $269.00 to $220.00 in a report issued on Thursday, BenzingaRatingsTable reports. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price objective indicates a potential downside of 2.47% from the stock’s current price.

Several other equities research analysts also recently issued reports on NEE. UBS Group lowered their price objective on shares of NextEra Energy from $310.00 to $255.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Royal Bank of Canada restated a “buy” rating and issued a $249.00 price objective on shares of NextEra Energy in a research note on Sunday, January 19th. Goldman Sachs Group downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $236.00 to $256.00 in a research note on Wednesday, January 15th. Morgan Stanley lowered their price objective on shares of NextEra Energy from $255.00 to $242.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Finally, BMO Capital Markets started coverage on shares of NextEra Energy in a research note on Wednesday, February 19th. They issued an “outperform” rating and a $290.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. NextEra Energy presently has an average rating of “Buy” and an average target price of $248.00.

Shares of NYSE:NEE traded up $15.31 during trading on Thursday, reaching $225.58. The stock had a trading volume of 1,452,085 shares, compared to its average volume of 4,948,965. NextEra Energy has a 52 week low of $174.80 and a 52 week high of $283.35. The firm has a market capitalization of $100.99 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 2.96 and a beta of 0.26. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 0.91. The stock has a fifty day simple moving average of $253.00 and a two-hundred day simple moving average of $240.73.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.10). The company had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.79 billion. NextEra Energy had a return on equity of 10.30% and a net margin of 19.62%. During the same quarter in the previous year, the business posted $1.49 EPS. On average, analysts forecast that NextEra Energy will post 9.05 EPS for the current year.

In other NextEra Energy news, EVP Charles E. Sieving sold 35,535 shares of NextEra Energy stock in a transaction on Friday, January 24th. The shares were sold at an average price of $257.69, for a total transaction of $9,157,014.15. Following the sale, the executive vice president now owns 68,377 shares in the company, valued at $17,620,069.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $239.37, for a total transaction of $382,992.00. Following the sale, the director now owns 14,897 shares in the company, valued at approximately $3,565,894.89. The disclosure for this sale can be found here. Insiders have sold 55,206 shares of company stock worth $13,937,721 in the last quarter. Corporate insiders own 0.48% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of NEE. Firestone Capital Management acquired a new stake in NextEra Energy in the fourth quarter valued at about $2,069,000. Lionsbridge Wealth Management LLC acquired a new stake in NextEra Energy in the fourth quarter valued at about $25,000. Bay Harbor Wealth Management LLC boosted its stake in NextEra Energy by 1,687.5% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 143 shares of the utilities provider’s stock valued at $35,000 after buying an additional 135 shares in the last quarter. Manchester Financial Inc. acquired a new stake in NextEra Energy in the fourth quarter valued at about $35,000. Finally, Stonebridge Financial Planning Group LLC acquired a new stake in NextEra Energy in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 78.44% 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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Analyst Recommendations for NextEra Energy (NYSE:NEE)

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