Analysts Set NextEra Energy, Inc. (NYSE:NEE) PT at $90.22

NextEra Energy, Inc. (NYSE:NEE) has earned an average recommendation of “Moderate Buy” from the twenty brokerages that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $90.2222.

A number of research analysts have commented on NEE shares. Melius began coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective on the stock. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Morgan Stanley reiterated an “overweight” rating and issued a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Jefferies Financial Group reissued a “hold” rating and set a $85.00 price objective (up from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $93.00 target price on shares of NextEra Energy in a research note on Tuesday, October 28th.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $82.04 on Tuesday. The business has a fifty day moving average of $77.93 and a 200-day moving average of $73.82. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy has a twelve month low of $61.72 and a twelve month high of $87.53. The firm has a market cap of $170.86 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The firm had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same quarter last year, the company posted $1.03 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities research 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 will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s payout ratio is presently 71.97%.

Insider Activity

In other news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,028 shares of company stock valued at $1,738,973 in the last 90 days. 0.18% of the stock is owned by company insiders.

Institutional Trading of NextEra Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Activest Wealth Management increased its stake in NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of NextEra Energy in the 2nd quarter valued at $25,000. Goodman Advisory Group LLC acquired a new position in shares of NextEra Energy in the 2nd quarter valued at $25,000. Tripletail Wealth Management LLC bought a new stake in shares of NextEra Energy in the 3rd quarter valued at $25,000. Finally, 1 North Wealth Services LLC acquired a new stake in NextEra Energy during the 1st quarter worth $26,000. 78.72% of the stock is owned by institutional investors.

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.