NextEra Energy (NYSE:NEE) Price Target Raised to $67.00 at Barclays

NextEra Energy (NYSE:NEE - Get Free Report) had its price objective increased by analysts at Barclays from $65.00 to $67.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the utilities provider's stock. Barclays's target price points to a potential downside of 10.23% from the company's current price.

A number of other research analysts have also recently commented on NEE. UBS Group reduced their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Wells Fargo & Company decreased their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Morgan Stanley lowered their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. Guggenheim restated a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Finally, BMO Capital Markets decreased their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.73.

NextEra Energy Stock Performance

Shares of NYSE NEE traded up $0.99 during midday trading on Thursday, reaching $74.64. The company's stock had a trading volume of 2,576,276 shares, compared to its average volume of 11,095,517. NextEra Energy has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The firm has a 50 day moving average price of $71.03 and a 200-day moving average price of $70.21. The stock has a market capitalization of $153.65 billion, a P/E ratio of 27.93, a PEG ratio of 2.55 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS 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 return on equity of 12.06% and a net margin of 21.81%. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. As a group, equities analysts predict that NextEra Energy will post 3.68 earnings per share for the current year.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NextEra Energy

A number of large investors have recently made changes to their positions in NEE. Rockland Trust Co. increased its position in shares of NextEra Energy by 5.2% in the 2nd quarter. Rockland Trust Co. now owns 349,366 shares of the utilities provider's stock valued at $24,253,000 after acquiring an additional 17,121 shares during the period. ARS Wealth Advisors Group LLC increased its position in shares of NextEra Energy by 14.7% in the 2nd quarter. ARS Wealth Advisors Group LLC now owns 11,088 shares of the utilities provider's stock valued at $770,000 after acquiring an additional 1,424 shares during the period. Community Trust & Investment Co. increased its position in shares of NextEra Energy by 1.8% in the 2nd quarter. Community Trust & Investment Co. now owns 124,691 shares of the utilities provider's stock valued at $8,656,000 after acquiring an additional 2,171 shares during the period. Atticus Wealth Management LLC increased its position in shares of NextEra Energy by 17.9% in the 2nd quarter. Atticus Wealth Management LLC now owns 23,698 shares of the utilities provider's stock valued at $1,645,000 after acquiring an additional 3,598 shares during the period. Finally, Bath Savings Trust Co increased its position in shares of NextEra Energy by 1.0% in the 2nd quarter. Bath Savings Trust Co now owns 274,601 shares of the utilities provider's stock valued at $19,063,000 after acquiring an additional 2,586 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Company Profile

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.

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