Evercore ISI Cuts NextEra Energy (NYSE:NEE) Price Target to $79.00

NextEra Energy (NYSE:NEE) had its target price trimmed by Evercore ISI from $84.00 to $79.00 in a research report report published on Monday morning. The brokerage currently has an in-line rating on the utilities provider’s stock.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets increased their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Guggenheim upped their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Barclays boosted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and an average price target of $85.85.

NextEra Energy Trading Up 0.6 %

NEE opened at $70.95 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy has a 52 week low of $53.95 and a 52 week high of $86.10. The business’s 50 day moving average is $72.83 and its two-hundred day moving average is $77.14. The firm has a market cap of $145.90 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS 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%. On average, research analysts predict that NextEra Energy will post 3.41 EPS for the current year.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Avestar Capital LLC increased its position in NextEra Energy by 10.3% during the fourth quarter. Avestar Capital LLC now owns 11,692 shares of the utilities provider’s stock worth $838,000 after buying an additional 1,092 shares in the last quarter. Castle Wealth Management LLC increased its position in NextEra Energy by 5.0% during the 4th quarter. Castle Wealth Management LLC now owns 19,271 shares of the utilities provider’s stock worth $1,382,000 after purchasing an additional 918 shares in the last quarter. Naples Global Advisors LLC raised its stake in 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 purchasing an additional 1,351 shares during the last quarter. Jmac Enterprises LLC raised its stake in NextEra Energy by 17.9% in the 4th quarter. Jmac Enterprises LLC now owns 7,002 shares of the utilities provider’s stock valued at $502,000 after purchasing an additional 1,064 shares during the last quarter. Finally, Great Lakes Retirement Inc. lifted its holdings in NextEra Energy by 2.1% in the 4th quarter. Great Lakes Retirement Inc. now owns 11,063 shares of the utilities provider’s stock valued at $793,000 after purchasing an additional 230 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

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,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.