Brokerages Set NextEra Energy, Inc. (NYSE:NEE) Target Price at $91.56

NextEra Energy, Inc. (NYSE:NEE) has been given a consensus recommendation of “Moderate Buy” by the twenty brokerages that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $91.5556.

A number of research firms have issued reports on NEE. Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Argus set a $90.00 price objective on NextEra Energy in a research report on Wednesday, October 29th. Citigroup restated a “buy” rating and issued a $96.00 target price (up from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $89.00 target price (down previously from $90.00) on shares of NextEra Energy in a research note on Wednesday, December 10th. Finally, Evercore ISI reissued an “outperform” rating and issued a $93.00 price target on shares of NextEra Energy in a research note on Tuesday, October 28th.

Insider Buying and Selling

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the transaction, the chief executive officer directly owned 162,693 shares in the company, valued at $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the sale, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. The trade was a 6.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On NextEra Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tripletail Wealth Management LLC acquired a new position in NextEra Energy in the 3rd quarter valued at approximately $25,000. Activest Wealth Management increased its stake in shares of NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 157 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of NextEra Energy during the second quarter worth $25,000. Goodman Advisory Group LLC acquired a new stake in NextEra Energy during the second quarter valued at $25,000. Finally, 1 North Wealth Services LLC acquired a new stake in NextEra Energy during the first quarter valued at $26,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Up 0.0%

Shares of NYSE NEE opened at $80.48 on Wednesday. NextEra Energy has a 12-month low of $61.72 and a 12-month high of $87.53. The company has a market cap of $167.62 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 2.70 and a beta of 0.74. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The stock’s 50 day simple moving average is $82.96 and its 200 day simple moving average is $77.27.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The firm had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 EPS. Equities research analysts expect that NextEra Energy will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 71.97%.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.