NextEra Energy (NYSE:NEE) Price Target Raised to $104.00 at UBS Group

NextEra Energy (NYSE:NEE) had its price target increased by analysts at UBS Group from $91.00 to $104.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. UBS Group’s price objective suggests a potential upside of 14.46% from the stock’s previous close.

A number of other analysts have also issued reports on NEE. Barclays raised their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. The Goldman Sachs Group raised their price objective on NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings downgraded NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. BMO Capital Markets set a $95.00 target price on NextEra Energy in a research report on Thursday, January 29th. Finally, BTIG Research reissued a “buy” rating and issued a $103.00 price target on shares of NextEra Energy in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $94.16.

NextEra Energy Price Performance

NextEra Energy stock traded down $1.74 during midday trading on Thursday, reaching $90.86. 2,720,353 shares of the company were exchanged, compared to its average volume of 9,949,573. The company has a market capitalization of $189.31 billion, a price-to-earnings ratio of 27.62 and a beta of 0.76. The firm’s 50-day simple moving average is $86.84 and its 200-day simple moving average is $82.11. NextEra Energy has a 1 year low of $61.72 and a 1 year high of $95.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60.

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

Insider Transactions at NextEra Energy

In other news, EVP Ronald R. Reagan sold 18,620 shares of NextEra Energy stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $1,675,800.00. Following the transaction, the executive vice president directly owned 9,643 shares of the company’s stock, valued at $867,870. The trade was a 65.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Charles E. Sieving sold 30,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president 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 have sold a total of 159,049 shares of company stock worth $14,194,542 in the last three months. 0.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NextEra Energy

Large investors have recently made changes to their positions in the business. Tripletail Wealth Management LLC purchased a new position in NextEra Energy in the third quarter valued at about $25,000. Anfield Capital Management LLC grew its stake in shares of NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after buying an additional 270 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at about $25,000. Wealth Watch Advisors INC lifted its position in NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 226 shares in the last quarter. Finally, Goodman Advisory Group LLC acquired a new position in NextEra Energy during the 2nd quarter worth approximately $25,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

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.