Jefferies Financial Group Cuts NextEra Energy (NYSE:NEE) Price Target to $77.00

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

NEE has been the subject of several other research reports. Evercore ISI decreased their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday. Barclays lifted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Guggenheim boosted their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Performance

NYSE NEE opened at $70.95 on Monday. The company has a fifty day moving average of $72.83 and a two-hundred day moving average of $77.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy has a 1 year low of $53.95 and a 1 year high of $86.10. The company 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.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data 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 return on equity of 11.94% and a net margin of 26.49%. As a group, analysts expect that NextEra Energy will post 3.41 earnings per share for the current year.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On NextEra Energy

Hedge funds have recently bought and sold shares of the stock. Burkett Financial Services LLC increased its position in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy during the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth about $28,000. Quarry LP acquired a new position in shares of NextEra Energy in the third quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $36,000. Hedge funds and other 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.