NextEra Energy, Inc. (NYSE:NEE) Stock Has Consensus Price Target of $99.30

NextEra Energy, Inc. (NYSE:NEE) has received an average rating of “Moderate Buy” from the twenty-three analysts that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $97.71.

NEE has been the subject of a number of analyst reports. Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Monday, October 12th. Weiss Ratings raised NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. BTIG Research set a $106.00 price objective on NextEra Energy in a research note on Thursday. Morgan Stanley set a $110.00 price objective on NextEra Energy and gave the stock an “overweight” rating in a research note on Wednesday, October 14th. Finally, HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Walker Asset Management LLC increased its position in shares of NextEra Energy by 2.2% during the first quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider’s stock valued at $465,000 after buying an additional 107 shares during the period. PUREfi Wealth LLC lifted its holdings in NextEra Energy by 0.9% in the first quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider’s stock worth $1,170,000 after buying an additional 107 shares during the period. Cornerstone Planning Group LLC lifted its holdings in NextEra Energy by 12.8% in the first quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock worth $94,000 after buying an additional 111 shares during the period. Legacy Wealth Managment LLC ID lifted its holdings in NextEra Energy by 23.2% in the first quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock worth $55,000 after buying an additional 112 shares during the period. Finally, Fingerlakes Wealth Management Inc. boosted its position in NextEra Energy by 0.7% during the 2nd quarter. Fingerlakes Wealth Management Inc. now owns 16,669 shares of the utilities provider’s stock valued at $1,463,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $82.00 on Tuesday. NextEra Energy has a twelve month low of $74.41 and a twelve month high of $98.75. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.33. The company has a 50-day simple moving average of $80.61 and a two-hundred day simple moving average of $87.11. The stock has a market capitalization of $171.97 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 2.55 and a beta of 0.64.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The firm had revenue of $8.09 billion during the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts forecast that NextEra Energy will post 4.00 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be given a $0.6232 dividend. The ex-dividend date is Friday, November 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy’s dividend payout ratio (DPR) is presently 44.86%.

About NextEra Energy

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.