NextEra Energy (NYSE:NEE) Price Target Raised to $81.00

NextEra Energy (NYSE:NEE - Get Free Report) had its target price hoisted by research analysts at BMO Capital Markets from $77.00 to $81.00 in a report released on Monday,Benzinga reports. The firm currently has an "outperform" rating on the utilities provider's stock. BMO Capital Markets' price objective points to a potential upside of 12.98% from the company's current price.

A number of other research firms also recently weighed in on NEE. Morgan Stanley decreased their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. Wells Fargo & Company decreased their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price on NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $84.42.

NextEra Energy Stock Down 1.5%

NextEra Energy stock traded down $1.13 during mid-day trading on Monday, hitting $71.69. 5,462,742 shares of the company's stock were exchanged, compared to its average volume of 12,287,549. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. The stock has a market cap of $147.59 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.73 and a beta of 0.67. NextEra Energy has a 1-year low of $61.72 and a 1-year high of $86.10. The stock has a 50 day moving average of $72.35 and a two-hundred day moving average of $70.42.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The firm's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $0.96 earnings per share. As a group, analysts anticipate that NextEra Energy will post 3.68 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the business'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 value of $1,657,880.00. Following the completion of the transaction, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares of the company's stock, valued at $2,143,805. This trade represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

Institutional Trading of NextEra Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. 1 North Wealth Services LLC bought a new stake in shares of NextEra Energy in the 1st quarter valued at $26,000. Bellwether Advisors LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at $30,000. Nova Wealth Management Inc. bought a new stake in shares of NextEra Energy in the 1st quarter valued at $32,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at $33,000. Finally, IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy in the 1st quarter valued at $35,000. Institutional investors own 78.72% of the company's stock.

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.