NextEra Energy, Inc. (NYSE:NEE) Receives $86.38 Consensus Target Price from Brokerages

Shares of NextEra Energy, Inc. (NYSE:NEE - Get Free Report) have been given an average rating of "Hold" by the fifteen analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $86.54.

A number of equities analysts recently weighed in on the stock. Barclays lifted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. 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 price target for the company. BMO Capital Markets lifted their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a report on Friday, October 18th. Finally, Royal Bank of Canada cut NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday.

NextEra Energy Stock Performance

NYSE NEE traded down $1.38 during trading on Friday, reaching $81.43. The company's stock had a trading volume of 6,375,808 shares, compared to its average volume of 10,733,501. The business's fifty day moving average price is $82.30 and its 200-day moving average price is $76.01. NextEra Energy has a twelve month low of $53.81 and a twelve month high of $86.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The firm has a market cap of $167.30 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE - Get Free Report) last issued 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. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $7.57 billion for the quarter, compared to analysts' expectations of $8.11 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, analysts anticipate that NextEra Energy will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.53%. NextEra Energy's dividend payout ratio (DPR) is presently 56.13%.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction 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 approximately $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

Institutional Investors Weigh In On NextEra Energy

Several institutional investors have recently bought and sold shares of the business. M&G Plc purchased a new stake in NextEra Energy during the 1st quarter worth $303,065,000. International Assets Investment Management LLC boosted its position in shares of NextEra Energy by 8,641.5% in the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider's stock worth $326,388,000 after buying an additional 3,817,037 shares during the period. Zimmer Partners LP grew its stake in shares of NextEra Energy by 8,447.5% in the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider's stock valued at $174,807,000 after buying an additional 2,703,200 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in NextEra Energy by 4,058.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider's stock worth $200,065,000 after acquiring an additional 2,309,876 shares in the last quarter. Finally, State of Michigan Retirement System grew its position in NextEra Energy by 400.7% in the first quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider's stock valued at $179,728,000 after acquiring an additional 2,250,500 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

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.