NextEra Energy, Inc. (NYSE:NEE) Receives $87.15 Consensus Price Target from Analysts

NextEra Energy, Inc. (NYSE:NEE) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $87.15.

NEE has been the subject of several research reports. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. BMO Capital Markets lifted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Wells Fargo & Company raised their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Morgan Stanley reduced their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, Bank of America lifted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th.

NextEra Energy Stock Performance

NEE opened at $70.52 on Friday. NextEra Energy has a 1-year low of $53.95 and a 1-year high of $86.10. The stock has a market cap of $145.02 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.67 and a beta of 0.56. The stock’s 50 day simple moving average is $77.89 and its 200 day simple moving average is $77.61. 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 (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 earnings per share. As a group, equities analysts anticipate that NextEra Energy will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.92%. NextEra Energy’s dividend payout ratio is currently 60.95%.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legacy Wealth Management LLC MS purchased a new position in NextEra Energy in the third quarter valued at about $371,000. 1ST Source Bank boosted its stake in shares of NextEra Energy by 0.4% during the 3rd quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider’s stock valued at $2,889,000 after buying an additional 147 shares during the last quarter. DGS Capital Management LLC boosted its stake in shares of NextEra Energy by 11.7% during the 3rd quarter. DGS Capital Management LLC now owns 3,944 shares of the utilities provider’s stock valued at $333,000 after buying an additional 413 shares during the last quarter. Garden State Investment Advisory Services LLC grew its position in shares of NextEra Energy by 3.3% during the third quarter. Garden State Investment Advisory Services LLC now owns 5,391 shares of the utilities provider’s stock worth $456,000 after buying an additional 170 shares in the last quarter. Finally, Copley Financial Group Inc. bought a new stake in shares of NextEra Energy in the third quarter worth $686,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

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.