NextEra Energy Inc (NEE) Receives $175.00 Consensus Price Target from Brokerages

NextEra Energy Inc (NYSE:NEE) has been given an average rating of “Buy” by the fifteen ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $175.00.

A number of brokerages have recently weighed in on NEE. Barclays upped their price target on shares of NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a report on Monday, November 19th. Royal Bank of Canada upped their price target on shares of NextEra Energy to $186.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Argus upped their price target on shares of NextEra Energy from $184.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Credit Suisse Group cut their price target on shares of NextEra Energy from $185.00 to $173.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. Finally, Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price target for the company in a report on Friday, October 12th.

In other news, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $167.00, for a total transaction of $267,200.00. Following the completion of the transaction, the director now owns 21,300 shares of the company’s stock, valued at $3,557,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 4,920 shares of the firm’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $170.11, for a total transaction of $836,941.20. Following the transaction, the chief executive officer now directly owns 59,969 shares of the company’s stock, valued at approximately $10,201,326.59. The disclosure for this sale can be found here. In the last three months, insiders sold 70,941 shares of company stock valued at $12,375,100. 0.55% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC raised its stake in shares of NextEra Energy by 323.5% during the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 495 shares during the last quarter. Private Ocean LLC raised its stake in shares of NextEra Energy by 154.2% during the third quarter. Private Ocean LLC now owns 778 shares of the utilities provider’s stock valued at $130,000 after acquiring an additional 472 shares during the last quarter. Braun Bostich & Associates Inc. raised its stake in shares of NextEra Energy by 492.5% during the second quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock valued at $144,000 after acquiring an additional 719 shares during the last quarter. Howe & Rusling Inc. raised its stake in shares of NextEra Energy by 70.5% during the second quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock valued at $151,000 after acquiring an additional 373 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of NextEra Energy during the second quarter valued at $167,000. 75.88% of the stock is owned by hedge funds and other institutional investors.

Shares of NextEra Energy stock opened at $181.71 on Thursday. NextEra Energy has a 1-year low of $145.10 and a 1-year high of $183.65. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 0.72. The company has a market cap of $86.85 billion, a PE ratio of 27.12, a PEG ratio of 2.79 and a beta of 0.13.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.15 by $0.03. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The company had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter in the prior year, the firm posted $1.85 EPS. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. On average, research analysts forecast that NextEra Energy will post 7.78 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be paid a $1.11 dividend. This represents a $4.44 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, November 29th. NextEra Energy’s payout ratio is 66.27%.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Analyst Recommendations for NextEra Energy (NYSE:NEE)

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