NextEra Energy (NYSE:NEE) Price Target Increased to $76.00 by Analysts at Barclays

NextEra Energy (NYSE:NEE) had its target price increased by Barclays from $75.00 to $76.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have an equal weight rating on the utilities provider’s stock.

Other equities analysts have also issued reports about the company. Evercore ISI raised their price target on NextEra Energy from $70.00 to $75.00 and gave the stock an in-line rating in a report on Wednesday, June 12th. Citigroup raised their target price on NextEra Energy from $69.00 to $84.00 and gave the stock a buy rating in a research note on Thursday, June 27th. Mizuho cut 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. Scotiabank raised their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the company a sector outperform rating in a research report on Monday, April 22nd. Finally, BMO Capital Markets upped their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an outperform rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy presently has a consensus rating of Moderate Buy and an average target price of $78.36.

NextEra Energy Stock Up 1.5 %

NEE stock opened at $78.57 on Friday. The stock has a fifty day moving average of $73.99 and a 200-day moving average of $68.06. NextEra Energy has a fifty-two week low of $47.15 and a fifty-two week high of $80.56. The company has a market capitalization of $161.42 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.84 and a beta of 0.54. 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 (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the business earned $0.88 earnings per share. As a group, equities research analysts predict that NextEra Energy will post 3.39 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.18% of the stock is owned by insiders.

Institutional Investors Weigh In On NextEra Energy

Several institutional investors and hedge funds have recently modified their holdings of NEE. International Assets Investment Management LLC lifted its position in NextEra Energy by 33.3% during the 4th quarter. International Assets Investment Management LLC now owns 35,783 shares of the utilities provider’s stock valued at $2,173,000 after acquiring an additional 8,949 shares during the period. Tennessee Valley Asset Management Partners purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $77,000. Rakuten Securities Inc. bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $34,000. Obermeyer Wood Investment Counsel Lllp purchased a new stake in shares of NextEra Energy in the 4th quarter worth approximately $311,000. Finally, Western Wealth Management LLC increased its position in NextEra Energy by 20.1% during the 4th quarter. Western Wealth Management LLC now owns 41,630 shares of the utilities provider’s stock valued at $2,529,000 after buying an additional 6,980 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

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.