NextEra Energy (NYSE:NEE) Price Target Raised to $93.00

NextEra Energy (NYSE:NEEFree Report) had its price target hoisted by Jefferies Financial Group from $92.00 to $93.00 in a research report released on Tuesday,MarketScreener reports. They currently have a hold rating on the utilities provider’s stock.

A number of other research analysts have also weighed in on the stock. Seaport Research Partners decreased their target price on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a research note on Monday, February 2nd. HSBC raised their target price on shares of NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. UBS Group raised their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Morgan Stanley set a $108.00 target price on shares of NextEra Energy and gave the stock an “overweight” rating in a research note on Friday, April 17th. Finally, Mizuho raised their target price on shares of NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.67.

View Our Latest Report on NEE

NextEra Energy Trading Up 7.0%

NEE stock opened at $96.33 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The business’s 50-day moving average is $92.41 and its 200 day moving average is $86.72. NextEra Energy has a 12-month low of $63.88 and a 12-month high of $96.70. The stock has a market cap of $200.87 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 2.64 and a beta of 0.74.

NextEra Energy (NYSE:NEEGet Free Report) last released its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same period last year, the company posted $0.99 EPS. The business’s revenue was up 7.3% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, sell-side analysts anticipate that NextEra Energy will post 4.01 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a $0.6232 dividend. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a dividend yield of 2.6%. NextEra Energy’s dividend payout ratio (DPR) is currently 75.68%.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. This trade represents a 15.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer James Michael May sold 7,161 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $646,423.47. Following the completion of the sale, the treasurer directly owned 26,719 shares in the company, valued at approximately $2,411,924.13. This represents a 21.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 179,990 shares of company stock worth $16,155,409. 0.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NextEra Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Tripletail Wealth Management LLC acquired a new stake in shares of NextEra Energy in the 3rd quarter valued at $25,000. Laurel Wealth Advisors LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at $25,000. Anfield Capital Management LLC boosted its holdings in shares of NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 270 shares in the last quarter. Wealth Watch Advisors INC boosted its holdings in shares of NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 226 shares in the last quarter. Finally, Osbon Capital Management LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Key Headlines Impacting NextEra Energy

Here are the key news stories impacting NextEra Energy this week:

NextEra Energy Company Profile

(Get Free Report)

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.

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Analyst Recommendations for NextEra Energy (NYSE:NEE)

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