NextEra Energy (NYSE:NEE) had its price target trimmed by Morgan Stanley from $186.00 to $184.00 in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage currently has a buy rating on the utilities provider’s stock.

Several other brokerages also recently weighed in on NEE. KeyCorp upped their target price on shares of NextEra Energy from $168.00 to $178.00 and gave the stock an overweight rating in a report on Thursday, July 19th. Zacks Investment Research downgraded shares of NextEra Energy from a buy rating to a hold rating in a report on Thursday, August 9th. Mizuho began coverage on shares of NextEra Energy in a report on Monday, August 13th. They set a buy rating and a $184.00 price objective for the company. Scotiabank began coverage on shares of NextEra Energy in a report on Tuesday, July 24th. They set a hold rating and a $70.00 price objective for the company. Finally, Wells Fargo & Co increased their price objective on shares of NextEra Energy from $180.00 to $191.00 and gave the company an outperform rating in a report on Monday, September 17th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $169.86.

Shares of NextEra Energy stock opened at $168.81 on Friday. The firm has a market capitalization of $80.53 billion, a P/E ratio of 25.31, a PEG ratio of 2.63 and a beta of 0.18. The company has a quick ratio of 0.46, a current ratio of 0.58 and a debt-to-equity ratio of 0.78. NextEra Energy has a fifty-two week low of $144.70 and a fifty-two week high of $175.65.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.05. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.51 billion. NextEra Energy had a net margin of 49.10% and a return on equity of 10.49%. NextEra Energy’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.86 EPS. sell-side analysts forecast that NextEra Energy will post 7.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Thursday, August 30th were issued a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, August 29th. NextEra Energy’s dividend payout ratio (DPR) is presently 66.27%.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 10,734 shares of the stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $170.98, for a total transaction of $1,835,299.32. Following the completion of the transaction, the chief executive officer now owns 64,169 shares of the company’s stock, valued at approximately $10,971,615.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Paul I. Cutler sold 7,639 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $173.30, for a total transaction of $1,323,838.70. Following the transaction, the treasurer now directly owns 98,914 shares of the company’s stock, valued at approximately $17,141,796.20. The disclosure for this sale can be found here. Insiders have sold a total of 61,408 shares of company stock valued at $10,546,494 in the last three months. Insiders own 0.55% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Gables Capital Management Inc. bought a new position in shares of NextEra Energy in the 1st quarter valued at about $105,000. Braun Bostich & Associates Inc. lifted its holdings in shares of NextEra Energy by 492.5% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock valued at $144,000 after acquiring an additional 719 shares during the last quarter. Howe & Rusling Inc. lifted its holdings in shares of NextEra Energy by 70.5% in the 2nd quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock valued at $151,000 after acquiring an additional 373 shares during the last quarter. Stelac Advisory Services LLC bought a new position in shares of NextEra Energy in the 1st quarter valued at about $151,000. Finally, Aristotle Capital Management LLC bought a new position in shares of NextEra Energy in the 1st quarter valued at about $152,000. 76.23% 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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Analyst Recommendations for NextEra Energy (NYSE:NEE)

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