Analysts Set NextEra Energy, Inc. (NYSE:NEE) PT at $92.90

NextEra Energy, Inc. (NYSE:NEEGet Rating) has received a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $92.90.

Several analysts have issued reports on NEE shares. Guggenheim lowered their target price on NextEra Energy from $108.00 to $99.00 in a research note on Monday, October 24th. KeyCorp lowered their target price on NextEra Energy from $93.00 to $89.00 and set an “overweight” rating on the stock in a research note on Thursday, October 20th. BMO Capital Markets boosted their target price on NextEra Energy from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Monday, October 31st. Credit Suisse Group boosted their target price on NextEra Energy to $89.00 in a research note on Tuesday, November 1st. Finally, UBS Group lowered their target price on NextEra Energy to $109.00 in a research note on Tuesday, September 6th.

Insider Buying and Selling

In related news, EVP Ronald R. Reagan sold 9,307 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $88.79, for a total transaction of $826,368.53. Following the completion of the transaction, the executive vice president now directly owns 18,176 shares in the company, valued at $1,613,847.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Ronald R. Reagan sold 9,307 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $88.79, for a total transaction of $826,368.53. Following the completion of the transaction, the executive vice president now directly owns 18,176 shares in the company, valued at $1,613,847.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Robert Coffey sold 2,908 shares of the business’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $78.19, for a total value of $227,376.52. Following the transaction, the executive vice president now owns 11,489 shares of the company’s stock, valued at $898,324.91. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

Hedge Funds Weigh In On NextEra Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of NextEra Energy by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 189,253,007 shares of the utilities provider’s stock worth $14,839,329,000 after purchasing an additional 3,870,385 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of NextEra Energy by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,626,941 shares of the utilities provider’s stock worth $1,538,947,000 after purchasing an additional 315,356 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of NextEra Energy by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 16,099,565 shares of the utilities provider’s stock worth $1,247,074,000 after purchasing an additional 124,572 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of NextEra Energy by 3.9% in the 1st quarter. Fisher Asset Management LLC now owns 15,664,058 shares of the utilities provider’s stock worth $1,326,902,000 after purchasing an additional 586,815 shares in the last quarter. Finally, Pictet Asset Management SA boosted its holdings in shares of NextEra Energy by 6.2% in the 2nd quarter. Pictet Asset Management SA now owns 11,579,348 shares of the utilities provider’s stock worth $896,936,000 after purchasing an additional 675,372 shares in the last quarter. 76.89% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $84.92 on Friday. The business’s fifty day simple moving average is $79.38 and its 200 day simple moving average is $80.18. The firm has a market capitalization of $168.75 billion, a P/E ratio of 43.77, a price-to-earnings-growth ratio of 3.01 and a beta of 0.47. NextEra Energy has a 12 month low of $67.22 and a 12 month high of $93.73. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 1.17.

NextEra Energy (NYSE:NEEGet Rating) last issued its quarterly earnings results on Friday, October 28th. The utilities provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $5.77 billion. NextEra Energy had a return on equity of 12.27% and a net margin of 19.30%. NextEra Energy’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. As a group, analysts anticipate that NextEra Energy will post 2.89 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.00%. The ex-dividend date is Wednesday, November 23rd. NextEra Energy’s payout ratio is 87.63%.

About NextEra Energy

(Get Rating)

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, coal, and natural gas facilities. 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.

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Analyst Recommendations for NextEra Energy (NYSE:NEE)

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