Analysts Set NextEra Energy, Inc. (NYSE:NEE) Target Price at $86.54

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $86.54.

A number of analysts have recently issued reports on the company. Barclays lifted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $91.00 to $94.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. BMO Capital Markets raised their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Royal Bank of Canada lowered shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an "overweight" rating in a research note on Tuesday, September 3rd.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On NextEra Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy during the third quarter valued at $27,000. Semmax Financial Advisors Inc. raised its position in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock worth $26,000 after buying an additional 225 shares in the last quarter. Proffitt & Goodson Inc. raised its position in shares of NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock worth $26,000 after buying an additional 144 shares in the last quarter. Quarry LP acquired a new stake in shares of NextEra Energy in the 3rd quarter worth approximately $33,000. Finally, Valley Wealth Managers Inc. bought a new position in shares of NextEra Energy in the second quarter valued at approximately $33,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 0.9 %

Shares of NEE traded up $0.69 during mid-day trading on Tuesday, reaching $77.08. The company had a trading volume of 7,942,173 shares, compared to its average volume of 10,930,620. NextEra Energy has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The firm has a fifty day simple moving average of $81.43 and a 200-day simple moving average of $77.60. The stock has a market cap of $158.51 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. On average, sell-side analysts anticipate that NextEra Energy will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Friday, November 22nd. NextEra Energy's payout ratio is 60.95%.

About NextEra Energy

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.