Brokerages Set NextEra Energy, Inc. (NYSE:NEE) Target Price at $85.85

Shares of NextEra Energy, Inc. (NYSE:NEE) have earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $85.85.

Several research analysts have weighed in on the company. BMO Capital Markets boosted their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Barclays increased their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Jefferies Financial Group decreased their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, Scotiabank upped their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th.

NextEra Energy Trading Down 0.0 %

Shares of NEE opened at $69.18 on Friday. NextEra Energy has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The firm has a 50 day simple moving average of $72.06 and a 200-day simple moving average of $77.07. The stock has a market cap of $142.25 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities analysts forecast that NextEra Energy will post 3.68 EPS for the current fiscal year.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On NextEra Energy

A number of hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB increased its stake in shares of NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after purchasing an additional 1,525,436 shares during the last quarter. Border to Coast Pensions Partnership Ltd boosted its holdings in NextEra Energy by 2.2% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock worth $102,495,000 after purchasing an additional 26,270 shares in the last quarter. Swiss National Bank increased its position in NextEra Energy by 0.4% during the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after buying an additional 21,400 shares during the last quarter. Czech National Bank raised its holdings in NextEra Energy by 6.5% during the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after buying an additional 27,340 shares in the last quarter. Finally, ST Germain D J Co. Inc. lifted its position in shares of NextEra Energy by 5.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock worth $12,312,000 after buying an additional 9,425 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

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.