NextEra Energy (NYSE:NEE) Given New $80.00 Price Target at Barclays

NextEra Energy (NYSE:NEE) had its price objective hoisted by Barclays from $76.00 to $80.00 in a report published on Tuesday, Benzinga reports. They currently have an equal weight rating on the utilities provider’s stock.

Several other brokerages have also commented on NEE. Scotiabank lifted their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a sector outperform rating in a research report on Tuesday, August 20th. Mizuho lowered shares of NextEra Energy from a buy rating to a neutral rating and set a $71.00 price target on the stock. in a research report on Wednesday, June 12th. Evercore ISI boosted their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the company an in-line rating in a research report on Wednesday, June 12th. Citigroup boosted their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the company a buy rating in a research report on Thursday, June 27th. Finally, Bank of America boosted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company a neutral rating in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $83.07.

NextEra Energy Stock Down 1.4 %

NextEra Energy stock opened at $83.85 on Tuesday. The stock has a market cap of $172.27 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56. 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 $86.10. The firm’s 50-day simple moving average is $80.74 and its 200 day simple moving average is $74.07.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Research analysts predict that NextEra Energy will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

Institutional Trading of NextEra Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of NEE. Great Waters Wealth Management purchased a new position in NextEra Energy in the 3rd quarter worth approximately $200,000. Seneca House Advisors boosted its stake in shares of NextEra Energy by 3.0% in the 3rd quarter. Seneca House Advisors now owns 56,249 shares of the utilities provider’s stock valued at $4,755,000 after purchasing an additional 1,625 shares in the last quarter. Fluent Financial LLC purchased a new stake in NextEra Energy during the 3rd quarter valued at $4,562,000. HBW Advisory Services LLC purchased a new stake in NextEra Energy during the 3rd quarter valued at $782,000. Finally, Private Client Services LLC purchased a new stake in NextEra Energy during the 3rd quarter valued at $271,000. 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.