JPMorgan Chase & Co. Issues Pessimistic Forecast for NextEra Energy (NYSE:NEE) Stock Price

NextEra Energy (NYSE:NEE) had its target price lowered by JPMorgan Chase & Co. from $99.00 to $90.00 in a report released on Monday morning.

Several other brokerages have also recently commented on NEE. Jefferies Financial Group decreased their target price on NextEra Energy from $81.00 to $77.00 in a report on Monday. Barclays raised 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 report on Friday, October 25th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Evercore ISI decreased their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday. Finally, BMO Capital Markets boosted their price objective on shares of 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Up 0.6 %

NEE opened at $70.95 on Monday. The firm has a market cap of $145.90 billion, a price-to-earnings ratio of 20.99, a PEG 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. The firm’s 50-day simple moving average is $72.83 and its 200-day simple moving average is $77.14. NextEra Energy has a twelve month low of $53.95 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. Equities research analysts anticipate that NextEra Energy will post 3.41 EPS for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On NextEra Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Burkett Financial Services LLC lifted its holdings in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy in the 3rd quarter valued at approximately $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at approximately $28,000. Quarry LP acquired a new stake in shares of NextEra Energy in the third quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC acquired a new position in NextEra Energy during the fourth quarter worth $36,000. Institutional investors and hedge funds 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.