NextEra Energy (NYSE:NEE) PT Raised to $94.00

NextEra Energy (NYSE:NEE) had its price objective hoisted by JPMorgan Chase & Co. from $91.00 to $94.00 in a research report released on Friday morning, Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

Other equities analysts also recently issued reports about the company. Evercore ISI increased their target price on NextEra Energy from $70.00 to $75.00 and gave the stock an in-line rating in a research note on Wednesday, June 12th. StockNews.com raised shares of NextEra Energy from a sell rating to a hold rating in a research note on Thursday, May 2nd. Royal Bank of Canada raised their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the company an outperform rating in a report on Wednesday, June 12th. Wells Fargo & Company reiterated an overweight rating and set a $95.00 price objective on shares of NextEra Energy in a research note on Wednesday, June 12th. Finally, Scotiabank raised their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a sector outperform rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $78.29.

NextEra Energy Stock Performance

NextEra Energy stock traded down $2.53 during mid-day trading on Friday, reaching $76.67. 9,420,005 shares of the company were exchanged, compared to its average volume of 11,688,400. NextEra Energy has a twelve month low of $47.15 and a twelve month high of $80.56. The firm’s 50-day simple moving average is $73.93 and its two-hundred day simple moving average is $66.68. 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 $157.58 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.84 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same period last year, the firm earned $0.88 EPS. Equities analysts predict that NextEra Energy will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.515 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.69%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The shares were 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 of the company’s stock, valued at approximately $7,697. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NEE. Stiles Financial Services Inc lifted its stake in NextEra Energy by 9.0% in the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after acquiring an additional 2,899 shares during the last quarter. Janney Capital Management LLC lifted its position in NextEra Energy by 9.5% during the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after buying an additional 4,047 shares in the last quarter. AJOVista LLC acquired a new position in NextEra Energy during the 4th quarter worth about $162,000. Intech Investment Management LLC lifted its position in NextEra Energy by 35.7% during the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after purchasing an additional 26,382 shares during the period. Finally, Camden National Bank increased its stake in shares of NextEra Energy by 10.2% in the 4th quarter. Camden National Bank now owns 156,631 shares of the utilities provider’s stock valued at $9,514,000 after acquiring an additional 14,477 shares during the last quarter. 78.72% of the stock is 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.