Jefferies Financial Group Has Lowered Expectations for NextEra Energy (NYSE:NEE) Stock Price

NextEra Energy (NYSE:NEE) had its price target trimmed by Jefferies Financial Group from $81.00 to $77.00 in a report released on Monday morning.

NEE has been the topic of several other reports. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Guggenheim boosted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley raised their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank upped their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets raised their price objective on NextEra Energy from $82.00 to $84.00 in a research report on Monday. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, NextEra Energy has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Price Performance

NEE opened at $70.95 on Monday. NextEra Energy has a 1 year low of $53.95 and a 1 year high of $86.10. The company’s 50 day simple moving average is $72.83 and its 200 day simple moving average is $77.14. The stock has a market capitalization of $145.90 billion, a PE ratio of 20.99, a P/E/G ratio of 2.29 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

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

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s 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 sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NextEra Energy

Several hedge funds and other institutional investors have recently modified their holdings of NEE. Avestar Capital LLC increased its holdings in NextEra Energy by 10.3% in the fourth quarter. Avestar Capital LLC now owns 11,692 shares of the utilities provider’s stock valued at $838,000 after buying an additional 1,092 shares during the last quarter. Castle Wealth Management LLC grew its position in shares of NextEra Energy by 5.0% in the 4th quarter. Castle Wealth Management LLC now owns 19,271 shares of the utilities provider’s stock worth $1,382,000 after acquiring an additional 918 shares in the last quarter. Naples Global Advisors LLC increased its holdings in shares of NextEra Energy by 1.5% in the 4th quarter. Naples Global Advisors LLC now owns 92,657 shares of the utilities provider’s stock valued at $6,643,000 after acquiring an additional 1,351 shares during the last quarter. Jmac Enterprises LLC raised its position in shares of NextEra Energy by 17.9% during the 4th quarter. Jmac Enterprises LLC now owns 7,002 shares of the utilities provider’s stock valued at $502,000 after acquiring an additional 1,064 shares in the last quarter. Finally, Great Lakes Retirement Inc. lifted its stake in NextEra Energy by 2.1% during the fourth quarter. Great Lakes Retirement Inc. now owns 11,063 shares of the utilities provider’s stock worth $793,000 after purchasing an additional 230 shares during the last quarter. 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.