NextEra Energy (NYSE:NEE) had its target price increased by Wells Fargo & Co from $200.00 to $210.00 in a research note released on Wednesday, April 24th, The Fly reports. Wells Fargo & Co currently has an outperform rating on the utilities provider’s stock.
NEE has been the topic of a number of other reports. Zacks Investment Research downgraded NextEra Energy from a buy rating to a hold rating in a report on Friday, March 29th. Credit Suisse Group set a $199.00 target price on NextEra Energy and gave the stock a buy rating in a research note on Monday, April 22nd. Goldman Sachs Group downgraded NextEra Energy from a conviction-buy rating to a buy rating and set a $194.00 target price on the stock. in a research note on Monday, April 8th. Barclays upgraded NextEra Energy from an equal weight rating to an overweight rating and boosted their target price for the stock from $187.00 to $207.00 in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Finally, Morgan Stanley lifted their price target on NextEra Energy from $184.00 to $188.00 and gave the stock an overweight rating in a research report on Tuesday, February 12th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. NextEra Energy presently has an average rating of Buy and an average target price of $196.83.
NEE traded up $1.87 during trading on Wednesday, hitting $198.98. 1,705,354 shares of the stock were exchanged, compared to its average volume of 1,845,703. The company has a market capitalization of $94.40 billion, a P/E ratio of 24.70, a PEG ratio of 3.00 and a beta of 0.28. NextEra Energy has a 1 year low of $155.06 and a 1 year high of $199.46. The company has a quick ratio of 0.38, a current ratio of 0.46 and a debt-to-equity ratio of 0.79.
In related news, EVP Charles E. Sieving sold 5,916 shares of NextEra Energy stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $192.20, for a total value of $1,137,055.20. Following the completion of the transaction, the executive vice president now owns 51,454 shares in the company, valued at approximately $9,889,458.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James L. Robo sold 15,000 shares of NextEra Energy stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $187.87, for a total value of $2,818,050.00. The disclosure for this sale can be found here. In the last three months, insiders sold 224,148 shares of company stock valued at $42,946,133. Insiders own 0.48% of the company’s stock.
A number of large investors have recently bought and sold shares of NEE. Webster Bank N. A. lifted its stake in NextEra Energy by 1.4% during the first quarter. Webster Bank N. A. now owns 4,031 shares of the utilities provider’s stock worth $779,000 after purchasing an additional 54 shares in the last quarter. Starfire Investment Advisers Inc. raised its stake in shares of NextEra Energy by 2.9% in the first quarter. Starfire Investment Advisers Inc. now owns 1,973 shares of the utilities provider’s stock valued at $381,000 after acquiring an additional 55 shares in the last quarter. Miller Howard Investments Inc. NY raised its stake in shares of NextEra Energy by 0.5% in the fourth quarter. Miller Howard Investments Inc. NY now owns 11,662 shares of the utilities provider’s stock valued at $2,027,000 after acquiring an additional 56 shares in the last quarter. Logan Capital Management Inc. raised its stake in shares of NextEra Energy by 3.4% in the fourth quarter. Logan Capital Management Inc. now owns 1,698 shares of the utilities provider’s stock valued at $295,000 after acquiring an additional 56 shares in the last quarter. Finally, Buckley Wealth Management LLC raised its stake in shares of NextEra Energy by 1.9% in the first quarter. Buckley Wealth Management LLC now owns 3,164 shares of the utilities provider’s stock valued at $612,000 after acquiring an additional 58 shares in the last quarter. Institutional investors own 77.00% 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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