NextEra Energy (NYSE:NEE) Price Target Raised to $95.00

NextEra Energy (NYSE:NEEFree Report) had its price objective lifted by Mizuho from $90.00 to $95.00 in a research note released on Wednesday morning,MarketScreener reports. The brokerage currently has a neutral rating on the utilities provider’s stock.

Other equities analysts also recently issued reports about the company. BTIG Research reaffirmed a “buy” rating and set a $103.00 price target on shares of NextEra Energy in a research report on Wednesday, January 28th. Erste Group Bank raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. The Goldman Sachs Group upped their price target on NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research 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. Finally, BMO Capital Markets set a $95.00 price objective on shares of NextEra Energy in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $95.33.

Check Out Our Latest Stock Analysis on NEE

NextEra Energy Stock Performance

Shares of NEE stock opened at $91.99 on Wednesday. The business’s fifty day simple moving average is $92.30 and its 200-day simple moving average is $86.32. The company has a market cap of $191.82 billion, a PE ratio of 27.96, a PEG ratio of 2.69 and a beta of 0.74. 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 $63.64 and a 12-month high of $96.21.

NextEra Energy (NYSE:NEEGet Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share. Analysts expect that NextEra Energy will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is currently 75.68%.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 30,000 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 value of $2,700,000.00. Following the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $15,073,290. This represents a 15.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ronald R. Reagan sold 18,620 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the transaction, the executive vice president directly owned 9,643 shares in the company, valued at approximately $867,870. The trade was a 65.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 190,816 shares of company stock worth $17,075,619 over the last 90 days. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On NextEra Energy

Several hedge funds have recently added to or reduced their stakes in NEE. Norges Bank purchased a new stake in NextEra Energy in the fourth quarter valued at $2,816,327,000. Assenagon Asset Management S.A. boosted its holdings in NextEra Energy by 1,765.3% in the third quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock valued at $299,567,000 after purchasing an additional 3,755,563 shares during the last quarter. Employees Provident Fund Board purchased a new stake in NextEra Energy in the fourth quarter valued at $240,840,000. Pictet Asset Management Holding SA boosted its holdings in NextEra Energy by 47.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock valued at $742,913,000 after purchasing an additional 2,972,924 shares during the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new stake in NextEra Energy in the third quarter valued at $177,198,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy News Summary

Here are the key news stories impacting NextEra Energy this week:

NextEra Energy Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for NextEra Energy (NYSE:NEE)

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.