Morgan Stanley Increases NextEra Energy (NEE) Price Target to $175.00

Marco Green
December 17, 2017

Sumitomo Life Insurance Company sold 4,130 shares as the company's stock rose 8.22% with the market. The utilities provider reported $1.85 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.77 by $0.08. Royal State Bank Of Canada reported 0% of its portfolio in NextEra Energy Partners, LP (NYSE:NEP). The stock increased 0.28% or $0.45 during the last trading session, reaching $158.43. RBC Capital Markets maintained the shares of NEE in report on Sunday, November 5 with "Buy" rating. It has underperformed by 24.57% the S&P500.

Signature Estate & Investment Advisors Llc, which manages about $843.29 million US Long portfolio, decreased its stake in Alphabet Inc by 444 shares to 17,383 shares, valued at $16.16 million in 2017Q2, according to the filing.

(DNOW) by 3.18% based on its latest 2017Q2 regulatory filing with the SEC. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider's stock worth $128,000 after buying an additional 4,347 shares in the last quarter. Barclays reiterated an "overweight" rating and issued a $44.00 price objective (up from $39.00) on shares of NextEra Energy Partners in a report on Thursday, August 31st. Hutchinson Capital Management who had been investing in Mosaic Co New Com for a number of months, seems to be bullish on the $8.75B market cap company. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since December 16, 2016 and is uptrending.

Analysts have a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). 30,000 shares were sold by ROBO JAMES L, worth $4.41 million on Thursday, August 3. (NYSE:NEE) has "Buy" rating given on Monday, July 24 by Goldman Sachs. Shares for $300,000 were sold by Kelliher Joseph T on Wednesday, October 11. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. Its up 0.14, from 0.89 in 2017Q1.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. In the most recent quarter, institutional ownership increased by a net of 541869 shares, or 0.15%.This is a bullish sign and indicates that institutions are feeling more optimistic about the outlook for NEE overall.492 holders increased their positions, 553 decreased their positions, and 258 holders held their positions. It also reduced Du Pont E I De Nemours & Co (NYSE:DD) stake by 590,056 shares and now owns 4.66 million shares. (NYSE:NEE). Dupont Cap Mngmt accumulated 28,792 shares. Barrett Asset Management Limited reported 2,760 shares. Whitnell & has invested 0.7% in NextEra Energy, Inc. (NYSE:NEE). Arvest Commercial Bank Tru Division has 5,792 shares. Roosevelt Gp Inc owns 26,988 shares. Icon Advisers Com holds 0.47% of its portfolio in Boston Scientific Corporation (NYSE:BSX) for 244,600 shares. Salem Counselors Incorporated reported 9,065 shares or 0.15% of all its holdings. (NYSE:NEE). Pitcairn reported 0.17% in NextEra Energy, Inc. Advisory Research Inc stated it has 0.25% in NextEra Energy Partners, LP (NYSE:NEP). NextEra Energy, Inc. (NYSE:NEE) has risen 15.94% since December 16, 2016 and is uptrending. (NYSE:NEE) for 596,608 shares. Howard Weil initiated NextEra Energy, Inc. Electron Prtn Lc owns 285,612 shares. Natixis Asset Mgmt holds 1.02% or 83,476 shares.

More notable recent NextEra Energy, Inc. The overall volume in the last trading session was 2.23 million shares.

Analysts await NextEra Energy, Inc. (NYSE:NEE) to report earnings on January, 26. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider's stock worth $252,287,000 after purchasing an additional 1,738,989 shares during the last quarter. NEE's profit will be $625.63 million for 29.78 P/E if the $1.33 EPS becomes a reality. NextEra Energy's revenue for the quarter was up.1% compared to the same quarter last year. equities analysts anticipate that NextEra Energy Inc will post 6.73 earnings per share for the current fiscal year. Nextera Energy Partners had 36 analyst reports since July 27, 2015 according to SRatingsIntel. Therefore 86% are positive. Pan American Silver Corp. had 42 analyst reports since August 13, 2015 according to SRatingsIntel. As per Friday, August 7, the company rating was maintained by Argus Research. BMO Capital Markets maintained it with "Buy" rating and $15600 target in Thursday, June 22 report. The company was maintained on Thursday, February 18 by Shore Capital. The company was maintained on Sunday, November 5 by RBC Capital Markets. Hutchinson Capital Management bought 120,162 shares as the company's stock declined 29.59% while stock markets rallied. The stock now has an average rating of "Buy" and a consensus price target of $159.00. The rating was upgraded by Deutsche Bank to "Buy" on Monday, January 30. About 85,476 shares traded or 118.89% up from the average. Vanguard Group Inc reported 242,207 shares.

Investors sentiment increased to 0.97 in Q2 2017. Inv Service Wi invested in 19,752 shares. Raymond James And Assocs, a Florida-based fund reported 39,373 shares. Pub Employees Retirement Of Ohio owns 18,358 shares. Kayne Anderson Advsrs Lp reported 462,272 shares. (NYSE:DNOW) for 23,158 shares. Moreover, Clearbridge Investments Ltd Limited Liability Company has 0.12% invested in NOW Inc. (NYSE:DNOW). Iat Reinsurance Ltd holds 1,100 shares.

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