NextEra Energy, Inc. (NYSE:NEE) Receives $84.00 Consensus PT from Analysts

NextEra Energy, Inc. (NYSE:NEE) has earned an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $84.00.

A number of research firms have commented on NEE. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. HSBC reduced their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research report on Thursday, August 21st. Finally, UBS Group reduced their price target on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, May 23rd.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $71.90, for a total value of $60,827.40. Following the sale, the executive vice president owned 10,113 shares in the company, valued at $727,124.70. The trade was a 7.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,523 shares of company stock worth $1,476,245 in the last quarter. 0.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of NextEra Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after purchasing an additional 5,554,603 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of NextEra Energy by 1.2% in the second quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock valued at $3,161,774,000 after purchasing an additional 526,996 shares in the last quarter. Norges Bank purchased a new position in shares of NextEra Energy in the second quarter valued at $2,375,545,000. Northern Trust Corp grew its holdings in shares of NextEra Energy by 1.1% in the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock valued at $1,655,512,000 after purchasing an additional 262,819 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of NextEra Energy by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock valued at $1,507,770,000 after purchasing an additional 1,336,259 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

NYSE NEE opened at $71.04 on Monday. NextEra Energy has a 12 month low of $61.72 and a 12 month high of $86.10. The stock has a market cap of $146.29 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 2.44 and a beta of 0.65. The company’s 50 day moving average is $72.77 and its two-hundred day moving average is $71.06. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter last year, the business earned $0.96 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. As a group, research analysts anticipate that NextEra Energy will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.2%. NextEra Energy’s payout ratio is presently 79.37%.

About NextEra Energy

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.