Analysts Set NextEra Energy, Inc. (NYSE:NEE) PT at $83.50

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) has received a consensus rating of "Moderate Buy" from the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $83.50.

A number of research analysts recently issued reports on the stock. Barclays lowered their price target on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Guggenheim reaffirmed a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. UBS Group reduced their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. BMO Capital Markets cut their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Finally, Wells Fargo & Company reduced their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is owned by insiders.

Institutional Investors Weigh In On NextEra Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock valued at $14,697,086,000 after acquiring an additional 2,025,193 shares during the last quarter. Norges Bank bought a new stake in shares of NextEra Energy in the fourth quarter worth about $3,484,197,000. Geode Capital Management LLC grew its stake in shares of NextEra Energy by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock worth $3,129,132,000 after purchasing an additional 1,359,268 shares during the last quarter. Northern Trust Corp lifted its holdings in NextEra Energy by 1.1% in the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider's stock worth $1,655,512,000 after buying an additional 262,819 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of NextEra Energy by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock valued at $1,507,770,000 after purchasing an additional 1,336,259 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Up 0.9%

Shares of NYSE:NEE traded up $0.66 during mid-day trading on Friday, reaching $72.16. 9,285,402 shares of the company's stock were exchanged, compared to its average volume of 11,128,242. The firm has a market capitalization of $148.55 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.45 and a beta of 0.68. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy has a twelve month low of $61.72 and a twelve month high of $86.10. The business's fifty day moving average price is $68.45 and its 200-day moving average price is $70.60.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company's quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 earnings per share. On average, research analysts predict that NextEra Energy will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Monday, June 2nd. NextEra Energy's payout ratio is presently 84.64%.

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.