Analysts Set NextEra Energy, Inc. (NYSE:NEE) Price Target at $91.56

NextEra Energy, Inc. (NYSE:NEE) has been given a consensus recommendation of “Moderate Buy” by the twenty analysts that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $91.5556.

A number of brokerages have weighed in on NEE. BMO Capital Markets reaffirmed an “outperform” rating and issued a $89.00 price objective (down previously from $90.00) on shares of NextEra Energy in a report on Wednesday, December 10th. BTIG Research restated a “buy” rating and issued a $100.00 price target on shares of NextEra Energy in a research note on Tuesday, December 9th. Barclays set a $88.00 price objective on NextEra Energy and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. New Street Research set a $84.00 target price on shares of NextEra Energy in a research report on Monday, October 13th. Finally, Morgan Stanley lowered their price target on shares of NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at $13,398,480. The trade was a 6.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.18% of the stock is owned by insiders.

Institutional Investors Weigh In On NextEra Energy

A number of large investors have recently added to or reduced their stakes in the business. Activest Wealth Management lifted its holdings in shares of NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of NextEra Energy during the 2nd quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new stake in NextEra Energy in the 2nd quarter valued at approximately $25,000. Tripletail Wealth Management LLC acquired a new stake in NextEra Energy during the 3rd quarter valued at $25,000. Finally, 1 North Wealth Services LLC purchased a new position in NextEra Energy during the first quarter worth $26,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $80.54 on Wednesday. The stock has a fifty day moving average price of $82.80 and a 200 day moving average price of $77.41. NextEra Energy has a 1-year low of $61.72 and a 1-year high of $87.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The company has a market cap of $167.73 billion, a PE ratio of 25.65, a P/E/G ratio of 2.69 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The company had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. NextEra Energy’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS. Sell-side analysts forecast that NextEra Energy will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were issued a $0.5665 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is 72.29%.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.