NextEra Energy, Inc. (NYSE:NEE) Receives $85.15 Consensus PT from Brokerages

Shares of NextEra Energy, Inc. (NYSE:NEE) have been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $84.08.

A number of brokerages recently issued reports on NEE. Guggenheim restated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley cut their price target on shares of NextEra Energy from $97.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Jefferies Financial Group cut their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Barclays decreased their price target on NextEra Energy from $77.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $66.46 on Friday. The firm has a fifty day simple moving average of $69.45 and a two-hundred day simple moving average of $72.83. NextEra Energy has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $136.81 billion, a P/E ratio of 19.72, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, analysts expect that NextEra Energy will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.41%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 67.06%.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.18% of the company’s stock.

Institutional Trading of NextEra Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC lifted its stake in shares of NextEra Energy by 9.9% during the 1st quarter. Golden State Wealth Management LLC now owns 7,598 shares of the utilities provider’s stock worth $539,000 after purchasing an additional 682 shares during the last quarter. Patron Partners LLC raised its holdings in NextEra Energy by 6.8% in the first quarter. Patron Partners LLC now owns 14,689 shares of the utilities provider’s stock worth $1,041,000 after purchasing an additional 938 shares in the last quarter. Westend Capital Management LLC lifted its position in shares of NextEra Energy by 459.7% during the first quarter. Westend Capital Management LLC now owns 1,209 shares of the utilities provider’s stock valued at $86,000 after buying an additional 993 shares during the last quarter. Confluence Wealth Services Inc. boosted its holdings in shares of NextEra Energy by 75.4% in the 1st quarter. Confluence Wealth Services Inc. now owns 37,559 shares of the utilities provider’s stock valued at $2,527,000 after buying an additional 16,148 shares in the last quarter. Finally, Tsfg LLC grew its position in shares of NextEra Energy by 20.5% in the 1st quarter. Tsfg LLC now owns 1,297 shares of the utilities provider’s stock worth $92,000 after buying an additional 221 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

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.