Analysts Set NextEra Energy, Inc. (NYSE:NEE) PT at $83.46

NextEra Energy, Inc. (NYSE:NEE) has earned an average rating of “Hold” from the fifteen ratings firms that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $83.46.

Several research firms have recently issued reports on NEE. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Barclays reduced their price target on shares of 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. Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Erste Group Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th.

NextEra Energy Price Performance

NEE stock opened at $73.78 on Tuesday. The company has a fifty day simple moving average of $68.74 and a two-hundred day simple moving average of $71.17. The firm has a market capitalization of $151.89 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy has a 52 week low of $61.72 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $0.91 EPS. Analysts anticipate that NextEra Energy will post 3.68 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Institutional Trading of NextEra Energy

A number of institutional investors have recently modified their holdings of the company. 1 North Wealth Services LLC acquired a new stake in NextEra Energy in the 1st quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy in the 4th quarter worth approximately $28,000. Bellwether Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy in the 4th quarter worth approximately $33,000. Finally, IMA Advisory Services Inc. acquired a new stake in NextEra Energy in the 1st quarter worth approximately $35,000. 78.72% of the stock is currently owned by 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.