Barclays Issues Positive Forecast for NextEra Energy (NYSE:NEE) Stock Price

NextEra Energy (NYSE:NEE) had its price objective upped by research analysts at Barclays from $85.00 to $89.00 in a research report issued on Tuesday,MarketScreener reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s target price points to a potential downside of 3.85% from the company’s current price.

Several other brokerages also recently weighed in on NEE. Mizuho set a $90.00 price target on shares of NextEra Energy and gave the company a “neutral” rating in a report on Wednesday, January 28th. HSBC raised their price objective on shares of NextEra Energy from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Erste Group Bank raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Wells Fargo & Company increased their price target on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Finally, Argus set a $92.00 price target on NextEra Energy and gave the company a “buy” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $94.94.

NextEra Energy Stock Down 0.2%

NEE opened at $92.57 on Tuesday. The firm’s 50 day simple moving average is $91.50 and its two-hundred day simple moving average is $85.29. The company has a market capitalization of $192.86 billion, a PE ratio of 28.09 and a beta of 0.74. NextEra Energy has a 1-year low of $61.72 and a 1-year high of $95.91. 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 (NYSE:NEE) last announced its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.NextEra Energy’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period last year, the firm earned $0.53 EPS. As a group, equities analysts forecast that NextEra Energy will post 3.68 EPS for the current year.

Insider Transactions at NextEra Energy

In other news, Treasurer James Michael May sold 7,161 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $646,423.47. Following the sale, the treasurer directly owned 26,719 shares in the company, valued at approximately $2,411,924.13. This represents a 21.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Ketchum sold 99,603 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the completion of the transaction, the chief executive officer directly owned 305,933 shares of the company’s stock, valued at approximately $27,332,054.22. The trade was a 24.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 190,816 shares of company stock worth $17,075,619. 0.20% of the stock is currently owned by corporate insiders.

Institutional Trading of NextEra Energy

Several hedge funds and other institutional investors have recently bought and sold shares of NEE. Norges Bank purchased a new stake in shares of NextEra Energy in the fourth quarter valued at $2,816,327,000. Assenagon Asset Management S.A. boosted its stake in shares of NextEra Energy by 1,765.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock worth $299,567,000 after purchasing an additional 3,755,563 shares during the period. Employees Provident Fund Board bought a new position in NextEra Energy during the 4th quarter valued at about $240,840,000. Pictet Asset Management Holding SA raised its position in NextEra Energy by 47.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock worth $742,913,000 after purchasing an additional 2,972,924 shares during the period. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new stake in NextEra Energy in the 3rd quarter worth about $177,198,000. Hedge funds and other institutional investors 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.