NextEra Energy (NYSE:NEE) Price Target Increased to $82.00 by Analysts at Barclays

NextEra Energy (NYSE:NEE - Get Free Report) had its price objective boosted by stock analysts at Barclays from $80.00 to $82.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an "equal weight" rating on the utilities provider's stock. Barclays's price objective suggests a potential upside of 0.70% from the stock's previous close.

NEE has been the subject of several other research reports. BMO Capital Markets boosted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Bank of America upped their price objective 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. JPMorgan Chase & Co. raised their target price on NextEra Energy from $91.00 to $94.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Jefferies Financial Group assumed coverage on NextEra Energy in a research note on Thursday, September 19th. They set a "hold" rating and a $87.00 price target on the stock. Finally, Guggenheim raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, NextEra Energy currently has an average rating of "Hold" and an average target price of $86.54.

NextEra Energy Trading Down 1.7 %

NYSE NEE traded down $1.38 during mid-day trading on Friday, reaching $81.43. 6,375,808 shares of the stock were exchanged, compared to its average volume of 10,733,501. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The stock has a market cap of $167.30 billion, a P/E ratio of 22.31, a P/E/G ratio of 2.92 and a beta of 0.56. The stock has a 50 day simple moving average of $82.30 and a 200-day simple moving average of $76.01. NextEra Energy has a one year low of $53.81 and a one year high of $86.10.

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

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the business's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at $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 is available at this hyperlink. Company insiders own 0.18% of the company's stock.

Institutional Trading of NextEra Energy

Several hedge funds have recently added to or reduced their stakes in the stock. Tandem Capital Management Corp ADV raised its holdings in NextEra Energy by 1.3% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider's stock worth $840,000 after purchasing an additional 125 shares during the period. Insight Folios Inc raised its holdings in NextEra Energy by 1.5% in the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider's stock worth $713,000 after purchasing an additional 126 shares during the period. Taylor & Morgan Wealth Management LLC raised its holdings in NextEra Energy by 1.7% in the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider's stock worth $655,000 after purchasing an additional 126 shares during the period. Osborne Partners Capital Management LLC raised its holdings in NextEra Energy by 1.2% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider's stock worth $906,000 after purchasing an additional 128 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in NextEra Energy by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider's stock worth $2,597,000 after purchasing an additional 130 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.