Analysts Set NextEra Energy, Inc. (NYSE:NEE) Target Price at $83.50

NextEra Energy, Inc. (NYSE:NEE) has received a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $84.50.

NEE has been the topic of several recent analyst reports. BMO Capital Markets dropped their price target on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Barclays dropped their price target on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 29th. Wells Fargo & Company dropped their price target on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Finally, Guggenheim reissued a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th.

NextEra Energy Price Performance

NextEra Energy stock opened at $74.70 on Friday. The stock’s 50 day moving average is $69.00 and its 200 day moving average is $70.52. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The firm has a market cap of $153.78 billion, a P/E ratio of 22.17, a P/E/G ratio of 2.45 and a beta of 0.68. NextEra Energy has a one year low of $61.72 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. The company had revenue of $6.25 billion for 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%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 earnings per share. As a group, research analysts expect that NextEra Energy will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.03%. NextEra Energy’s dividend payout ratio is 84.64%.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On NextEra Energy

Several institutional investors have recently bought and sold shares of NEE. LaFleur & Godfrey LLC grew its stake in NextEra Energy by 9.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider’s stock valued at $323,000 after purchasing an additional 400 shares during the period. Brighton Jones LLC grew its stake in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC grew its stake in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the period. Stratos Wealth Advisors LLC grew its stake in NextEra Energy by 6.8% in the 4th quarter. Stratos Wealth Advisors LLC now owns 19,393 shares of the utilities provider’s stock valued at $1,390,000 after purchasing an additional 1,232 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in NextEra Energy by 8.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 219,603 shares of the utilities provider’s stock valued at $14,863,000 after purchasing an additional 17,317 shares during the period. 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.