Brokerages Set NextEra Energy Inc (NYSE:NEE) Price Target at $207.77

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NextEra Energy Inc (NYSE:NEE) has earned an average rating of “Buy” from the sixteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $207.77.

Several equities analysts have recently weighed in on NEE shares. Barclays restated a “top pick” rating and issued a GBX 3,250 ($42.47) price objective on shares of in a report on Wednesday, June 19th. Credit Suisse Group set a $199.00 target price on shares of NextEra Energy and gave the company a “buy” rating in a research note on Monday, April 22nd. Wells Fargo & Co raised their target price on shares of Twitter from $33.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. UBS Group reiterated a “buy” rating on shares of Fortis in a research note on Friday, June 7th. Finally, Zacks Investment Research upgraded shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Monday, April 29th.

In other NextEra Energy news, EVP Charles E. Sieving sold 5,916 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $192.20, for a total transaction of $1,137,055.20. Following the completion of the sale, the executive vice president now directly owns 51,454 shares in the company, valued at $9,889,458.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $202.90, for a total transaction of $324,640.00. Following the sale, the director now owns 18,315 shares of the company’s stock, valued at $3,716,113.50. The disclosure for this sale can be found here. Insiders have sold 107,216 shares of company stock valued at $21,354,766 over the last 90 days. Company insiders own 0.48% of the company’s stock.

A number of hedge funds have recently modified their holdings of NEE. First Manhattan Co. raised its position in shares of NextEra Energy by 2.1% in the first quarter. First Manhattan Co. now owns 4,510 shares of the utilities provider’s stock valued at $872,000 after buying an additional 93 shares in the last quarter. Sowell Financial Services LLC raised its position in shares of NextEra Energy by 7.3% in the fourth quarter. Sowell Financial Services LLC now owns 2,635 shares of the utilities provider’s stock valued at $458,000 after buying an additional 180 shares in the last quarter. Great Lakes Advisors LLC raised its position in shares of NextEra Energy by 18.4% in the first quarter. Great Lakes Advisors LLC now owns 10,653 shares of the utilities provider’s stock valued at $2,059,000 after buying an additional 1,652 shares in the last quarter. Covington Capital Management raised its position in shares of NextEra Energy by 1.8% in the fourth quarter. Covington Capital Management now owns 85,166 shares of the utilities provider’s stock valued at $14,804,000 after buying an additional 1,483 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its position in shares of NextEra Energy by 23.6% in the first quarter. Pictet Asset Management Ltd. now owns 2,021,758 shares of the utilities provider’s stock valued at $390,846,000 after buying an additional 385,763 shares in the last quarter. Hedge funds and other institutional investors own 75.95% of the company’s stock.

NEE stock traded up $2.99 during trading hours on Friday, reaching $210.87. 93,866 shares of the stock were exchanged, compared to its average volume of 1,719,907. The firm’s 50-day simple moving average is $205.26. The company has a market cap of $100.00 billion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 3.12 and a beta of 0.25. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.38 and a current ratio of 0.46. NextEra Energy has a 12 month low of $164.25 and a 12 month high of $210.82.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.19. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. NextEra Energy had a return on equity of 10.26% and a net margin of 17.13%. During the same quarter in the prior year, the company earned $1.94 EPS. Equities analysts expect that NextEra Energy will post 8.36 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $5.00 annualized dividend and a yield of 2.37%. NextEra Energy’s dividend payout ratio (DPR) is currently 64.94%.

NextEra Energy Company Profile

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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