NextEra Energy (NYSE:NEE) Price Target Lowered to $220.00 at Barclays

NextEra Energy (NYSE:NEE) had its price target decreased by equities research analysts at Barclays from $269.00 to $220.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price target points to a potential downside of 2.47% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. UBS Group dropped their price objective on shares of NextEra Energy from $310.00 to $255.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Vertical Research initiated coverage on shares of NextEra Energy in a report on Monday, February 24th. They issued a “sell” rating on the stock. Goldman Sachs Group cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $236.00 to $256.00 in a report on Wednesday, January 15th. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $282.00 price objective on the stock. in a report on Wednesday, January 29th. Finally, Credit Suisse Group cut shares of NextEra Energy from an “outperform” rating to a “neutral” rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and a consensus target price of $248.00.

Shares of NYSE:NEE traded up $15.31 on Thursday, reaching $225.58. 1,452,085 shares of the company’s stock were exchanged, compared to its average volume of 4,948,965. The firm has a market capitalization of $100.99 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.96 and a beta of 0.26. NextEra Energy has a fifty-two week low of $174.80 and a fifty-two week high of $283.35. The business’s 50-day moving average is $253.00 and its two-hundred day moving average is $240.73. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 0.91.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 24th. The utilities provider reported $1.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.10). The business had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.79 billion. NextEra Energy had a return on equity of 10.30% and a net margin of 19.62%. During the same period last year, the company posted $1.49 earnings per share. Analysts predict that NextEra Energy will post 9.05 earnings per share for the current fiscal year.

In other NextEra Energy news, Director James Lawrence Camaren acquired 1,000 shares of NextEra Energy stock in a transaction dated Thursday, March 12th. The stock was bought at an average price of $212.40 per share, for a total transaction of $212,400.00. Following the transaction, the director now owns 35,330 shares in the company, valued at approximately $7,504,092. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Miguel Arechabala sold 3,741 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $225.00, for a total transaction of $841,725.00. Following the transaction, the executive vice president now owns 5,953 shares of the company’s stock, valued at approximately $1,339,425. The disclosure for this sale can be found here. Insiders sold a total of 55,206 shares of company stock valued at $13,937,721 in the last quarter. 0.48% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of NEE. Norges Bank bought a new position in shares of NextEra Energy during the 4th quarter valued at about $1,651,472,000. Johanson Financial Advisors Inc. boosted its holdings in shares of NextEra Energy by 27,610.4% in the fourth quarter. Johanson Financial Advisors Inc. now owns 653,965 shares of the utilities provider’s stock worth $2,698,000 after buying an additional 651,605 shares during the period. Artisan Partners Limited Partnership boosted its holdings in shares of NextEra Energy by 94.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 992,773 shares of the utilities provider’s stock worth $240,410,000 after buying an additional 481,589 shares during the period. Geode Capital Management LLC boosted its holdings in shares of NextEra Energy by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 7,189,062 shares of the utilities provider’s stock worth $1,737,438,000 after buying an additional 340,415 shares during the period. Finally, Pictet Asset Management Ltd. boosted its holdings in shares of NextEra Energy by 13.4% in the fourth quarter. Pictet Asset Management Ltd. now owns 2,588,864 shares of the utilities provider’s stock worth $626,920,000 after buying an additional 305,178 shares during the period. Institutional investors own 78.44% 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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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