Brokerages Set NextEra Energy, Inc. (NYSE:NEE) PT at $92.95

Shares of NextEra Energy, Inc. (NYSE:NEE) have received an average recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $92.9474.

NEE has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Barclays upped their price objective on NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. BMO Capital Markets set a $95.00 target price on NextEra Energy in a research note on Thursday, January 29th. 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. Finally, BTIG Research reaffirmed a “buy” rating and issued a $103.00 price objective on shares of NextEra Energy in a report on Wednesday, January 28th.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 30,000 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 $2,700,000.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at approximately $15,073,290. This represents a 15.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the completion of the sale, the chief executive officer owned 305,933 shares of the company’s stock, valued at $27,332,054.22. The trade was a 24.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 304,189 shares of company stock valued at $26,373,239. 0.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NextEra Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Activest Wealth Management grew its holdings in shares of NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after buying an additional 157 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in NextEra Energy during the 2nd quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new position in NextEra Energy during the 2nd quarter worth approximately $25,000. Tripletail Wealth Management LLC bought a new position in shares of NextEra Energy during the 3rd quarter worth approximately $25,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $25,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $93.78 on Thursday. The company has a market cap of $195.30 billion, a P/E ratio of 28.50, a P/E/G ratio of 2.90 and a beta of 0.76. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. NextEra Energy has a 52 week low of $61.72 and a 52 week high of $94.94. The business has a fifty day simple moving average of $83.61 and a 200-day simple moving average of $80.19.

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

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.