NextEra Energy (NYSE:NEE) PT Raised to $80.00

NextEra Energy (NYSE:NEE) had its price target hoisted by stock analysts at Barclays from $76.00 to $80.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s target price indicates a potential downside of 6.22% from the stock’s previous close.

A number of other research firms have also commented on NEE. Morgan Stanley raised their price objective on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday. Evercore ISI raised their price objective on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. Finally, Bank of America raised their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.33.

NextEra Energy Stock Performance

NYSE:NEE traded up $0.78 during mid-day trading on Tuesday, hitting $85.31. 2,901,036 shares of the stock were exchanged, compared to its average volume of 10,887,385. The stock has a market capitalization of $175.27 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56. The firm’s 50-day simple moving average is $79.85 and its 200 day simple moving average is $73.57. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy has a fifty-two week low of $47.15 and a fifty-two week high of $85.59.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period last year, the firm posted $0.88 EPS. As a group, equities analysts anticipate that NextEra Energy will post 3.4 EPS for the current fiscal year.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NextEra Energy

A number of institutional investors have recently made changes to their positions in the stock. Proffitt & Goodson Inc. boosted its position in shares of NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. boosted its position in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares in the last quarter. American Capital Advisory LLC boosted its position in shares of NextEra Energy by 74.5% during the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 205 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in shares of NextEra Energy during the 2nd quarter valued at about $33,000. Finally, Neo Ivy Capital Management bought a new stake in shares of NextEra Energy during the 4th quarter valued at about $40,000. Institutional investors own 78.72% of the company’s stock.

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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.