Guggenheim Boosts NextEra Energy (NYSE:NEE) Price Target to $92.00

NextEra Energy (NYSE:NEE - Get Free Report) had its price target increased by equities research analysts at Guggenheim from $90.00 to $92.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a "buy" rating on the utilities provider's stock. Guggenheim's price target would indicate a potential upside of 11.08% from the company's previous close.

Other analysts have also recently issued research reports about the stock. Citigroup lifted their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the company a "buy" rating in a report on Thursday, June 27th. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the company an "overweight" rating in a report on Tuesday, September 3rd. Morgan Stanley boosted their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Bank of America boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company a "neutral" rating in a report on Thursday, August 29th. Finally, Jefferies Financial Group initiated coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a "hold" rating and a $87.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $86.38.

NextEra Energy Trading Down 2.5 %

NYSE:NEE traded down $2.14 during trading hours on Thursday, hitting $82.82. The company had a trading volume of 9,705,078 shares, compared to its average volume of 10,753,650. The company has a market capitalization of $170.16 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The stock has a 50-day moving average price of $82.19 and a 200 day moving average price of $75.96. NextEra Energy has a 52 week low of $53.81 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analysts' expectations of $8.11 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 earnings per share. On average, equities research analysts predict that NextEra Energy will post 3.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the business's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares of the company's stock, valued at approximately $7,697. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by insiders.

Hedge Funds Weigh In On NextEra Energy

A number of hedge funds have recently bought and sold shares of NEE. Brookstone Capital Management increased its position in shares of NextEra Energy by 19.8% during the 1st quarter. Brookstone Capital Management now owns 71,152 shares of the utilities provider's stock valued at $4,547,000 after purchasing an additional 11,777 shares during the last quarter. DGS Capital Management LLC purchased a new stake in shares of NextEra Energy during the 1st quarter valued at about $213,000. Wealthcare Advisory Partners LLC increased its position in shares of NextEra Energy by 23.6% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 23,073 shares of the utilities provider's stock valued at $1,475,000 after purchasing an additional 4,401 shares during the last quarter. Thrive Wealth Management LLC increased its position in shares of NextEra Energy by 11.6% during the 1st quarter. Thrive Wealth Management LLC now owns 5,914 shares of the utilities provider's stock valued at $378,000 after purchasing an additional 617 shares during the last quarter. Finally, Capital Asset Advisory Services LLC increased its position in shares of NextEra Energy by 22.0% during the 1st quarter. Capital Asset Advisory Services LLC now owns 27,716 shares of the utilities provider's stock valued at $1,779,000 after purchasing an additional 4,989 shares during the last quarter. Hedge funds and other 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.