NextEra Energy, Inc. (NYSE:NEE) Receives $91.50 Average Target Price from Analysts

Shares of NextEra Energy, Inc. (NYSE:NEE) have earned a consensus rating of “Moderate Buy” from the twenty brokerages that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $91.5556.

Several analysts have recently commented on NEE shares. Argus set a $90.00 price target on shares of NextEra Energy in a research note on Wednesday, October 29th. Wolfe Research upped their price objective on NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a report on Monday, December 1st. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. Barclays boosted their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Finally, HSBC upped their price target on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th.

NextEra Energy Trading Down 0.1%

Shares of NEE opened at $83.51 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The company has a market cap of $173.92 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 2.59 and a beta of 0.74. The stock has a fifty day moving average price of $82.25 and a two-hundred day moving average price of $78.41. NextEra Energy has a 52-week low of $61.72 and a 52-week high of $87.53.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The company had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. Analysts predict that NextEra Energy will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 21st were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is 72.29%.

Insider Activity at NextEra Energy

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’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 transaction of $12,178,697.40. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of NextEra Energy

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of NextEra Energy by 0.4% during the third quarter. Vanguard Group Inc. now owns 213,799,521 shares of the utilities provider’s stock worth $16,139,726,000 after purchasing an additional 922,500 shares during the period. Geode Capital Management LLC boosted its holdings in NextEra Energy by 1.2% during the second quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock worth $3,161,774,000 after buying an additional 526,996 shares during the last quarter. Norges Bank acquired a new position in shares of NextEra Energy during the 2nd quarter worth about $2,375,545,000. Legal & General Group Plc increased its stake in shares of NextEra Energy by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 16,787,191 shares of the utilities provider’s stock valued at $1,267,265,000 after acquiring an additional 373,088 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of NextEra Energy by 2.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock valued at $1,165,896,000 after acquiring an additional 340,315 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

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.