NextEra Energy Inc (NEE) Receives $195.36 Consensus Target Price from Brokerages

NextEra Energy Inc (NYSE:NEE) has been given a consensus rating of “Buy” by the fourteen analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $195.36.

A number of equities research analysts have recently issued reports on NEE shares. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price objective for the company in a research report on Wednesday, January 30th. Credit Suisse Group set a $199.00 target price on shares of NextEra Energy and gave the stock a “buy” rating in a report on Monday, April 22nd. Goldman Sachs Group downgraded shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 target price for the company. in a report on Monday, April 8th. Scotiabank raised shares of NextEra Energy from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $187.00 to $202.00 in a report on Wednesday, May 8th. Finally, Wells Fargo & Co upped their target price on shares of NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th.

Shares of NEE stock opened at $203.37 on Thursday. NextEra Energy has a 1 year low of $155.06 and a 1 year high of $202.35. The company has a quick ratio of 0.38, a current ratio of 0.46 and a debt-to-equity ratio of 0.79. The firm has a market cap of $97.40 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 3.02 and a beta of 0.28.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.19. NextEra Energy had a net margin of 17.13% and a return on equity of 10.26%. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the firm posted $1.94 EPS. On average, sell-side analysts forecast that NextEra Energy will post 8.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.46%. The ex-dividend date is Friday, May 31st. NextEra Energy’s dividend payout ratio is currently 64.94%.

In related news, Director James L. Robo sold 15,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $187.87, for a total value of $2,818,050.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $191.52, for a total transaction of $306,432.00. Following the completion of the transaction, the director now directly owns 19,210 shares of the company’s stock, valued at approximately $3,679,099.20. The disclosure for this sale can be found here. Insiders sold a total of 240,594 shares of company stock valued at $46,236,648 in the last ninety days. 0.48% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in NEE. Oregon Public Employees Retirement Fund lifted its stake in NextEra Energy by 17,067.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 8,771,018 shares in the last quarter. Norges Bank purchased a new stake in NextEra Energy in the 4th quarter worth $1,172,014,000. GQG Partners LLC purchased a new stake in NextEra Energy in the 4th quarter worth $264,629,000. BlackRock Inc. lifted its stake in NextEra Energy by 2.4% in the 4th quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock worth $6,544,616,000 after purchasing an additional 886,301 shares in the last quarter. Finally, Vanguard Group Inc lifted its stake in NextEra Energy by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock worth $6,907,634,000 after purchasing an additional 815,916 shares in the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

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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