NextEra Energy, Inc. (NYSE:NEE) Receives $92.95 Consensus Target Price from Analysts

NextEra Energy, Inc. (NYSE:NEE) has received a consensus rating of “Moderate Buy” from the twenty research firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $92.9474.

NEE has been the subject of several research reports. Evercore reaffirmed an “outperform” rating and issued a $93.00 price target on shares of NextEra Energy in a research report on Tuesday, October 28th. UBS Group set a $91.00 target price on NextEra Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. BTIG Research reaffirmed a “buy” rating and set a $103.00 target price on shares of NextEra Energy in a research report on Wednesday, January 28th. Seaport Research Partners reduced their price target on NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. Finally, HSBC upped their price objective on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th.

NextEra Energy Price Performance

NEE opened at $93.78 on Thursday. The company has a market capitalization of $195.30 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 2.90 and a beta of 0.75. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. NextEra Energy has a 12-month low of $61.72 and a 12-month high of $94.94. The business’s fifty day simple moving average is $83.88 and its 200-day simple moving average is $80.41.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. On average, equities research analysts anticipate that NextEra Energy will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a $0.6232 dividend. The ex-dividend date is Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio (DPR) is 69.00%.

Insider Buying and Selling

In other news, EVP Ronald R. Reagan sold 18,620 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the transaction, the executive vice president directly owned 9,643 shares of the company’s stock, valued at approximately $867,870. This represents a 65.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 30,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $15,073,290. The trade was a 15.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 159,049 shares of company stock worth $14,194,542 in the last 90 days. 0.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NextEra Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NEE. Garrison Point Advisors LLC grew its position in NextEra Energy by 0.4% during the 4th quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock worth $2,269,000 after purchasing an additional 109 shares during the last quarter. 3Chopt Investment Partners LLC grew its holdings in shares of NextEra Energy by 0.8% during the fourth quarter. 3Chopt Investment Partners LLC now owns 14,105 shares of the utilities provider’s stock valued at $1,132,000 after buying an additional 114 shares during the last quarter. Nemes Rush Group LLC grew its holdings in shares of NextEra Energy by 5.2% during the fourth quarter. Nemes Rush Group LLC now owns 2,354 shares of the utilities provider’s stock valued at $189,000 after buying an additional 117 shares during the last quarter. Sax Wealth Advisors LLC increased its position in shares of NextEra Energy by 0.6% in the 3rd quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock valued at $1,463,000 after acquiring an additional 118 shares during the period. Finally, apricus wealth LLC raised its stake in shares of NextEra Energy by 3.8% in the third quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock worth $247,000 after purchasing an additional 120 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Company Profile

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.