NextEra Energy (NYSE:NEE) Price Target Raised to $89.00

NextEra Energy (NYSE:NEE) had its price target hoisted by Barclays from $85.00 to $89.00 in a research note issued on Tuesday,MarketScreener reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price target would suggest a potential downside of 3.85% from the stock’s current price.

Other analysts have also issued reports about the stock. HSBC upped their price target on shares of NextEra Energy from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings lowered NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Argus set a $92.00 price target on NextEra Energy and gave the stock a “buy” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Finally, Seaport Research Partners dropped their target price on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $94.94.

NextEra Energy Trading Down 0.2%

Shares of NextEra Energy stock opened at $92.57 on Tuesday. The company’s 50-day moving average price is $91.50 and its 200-day moving average price is $85.29. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. NextEra Energy has a 12-month low of $61.72 and a 12-month high of $95.91. The company has a market cap of $192.86 billion, a price-to-earnings ratio of 28.09 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the previous year, the business earned $0.53 EPS. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities analysts expect that NextEra Energy will post 3.68 earnings per share for the current fiscal year.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 30,000 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at $15,073,290. The trade was a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Ketchum sold 99,603 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the transaction, the chief executive officer directly owned 305,933 shares in the company, valued at approximately $27,332,054.22. The trade was a 24.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 190,816 shares of company stock valued at $17,075,619 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On NextEra Energy

Hedge funds have recently bought and sold shares of the business. Goodman Advisory Group LLC bought a new stake in NextEra Energy in the 2nd quarter worth approximately $25,000. Tripletail Wealth Management LLC bought a new stake in shares of NextEra Energy in the third quarter worth $25,000. Laurel Wealth Advisors LLC bought a new stake in shares of NextEra Energy in the fourth quarter worth $25,000. Anfield Capital Management LLC increased its position in NextEra Energy by 692.3% during the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 270 shares during the last quarter. Finally, Wealth Watch Advisors INC boosted its position in NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 226 shares during the last quarter. Hedge funds and other institutional investors 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.