Barclays Boosts NextEra Energy (NYSE:NEE) Price Target to $82.00

NextEra Energy (NYSE:NEE) had its price objective increased by investment analysts at Barclays from $80.00 to $82.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price target would indicate a potential upside of 0.48% from the stock’s current price.

Several other equities research analysts have also recently weighed in on NEE. Scotiabank increased their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Guggenheim increased their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Morgan Stanley increased their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Finally, BMO Capital Markets increased their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and an average target price of $86.54.

NextEra Energy Trading Down 1.4 %

Shares of NEE traded down $1.20 during trading hours on Friday, hitting $81.61. 3,311,541 shares of the stock were exchanged, compared to its average volume of 10,717,708. NextEra Energy has a fifty-two week low of $53.81 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The business has a 50-day moving average of $82.30 and a 200-day moving average of $76.01. The firm has a market capitalization of $167.67 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the prior year, the company posted $0.94 earnings per share. NextEra Energy’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts expect that NextEra Energy will post 3.4 EPS for the current year.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC increased its holdings in NextEra Energy by 23.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 23,073 shares of the utilities provider’s stock worth $1,475,000 after buying an additional 4,401 shares during the last quarter. Astoria Portfolio Advisors LLC. increased its holdings in NextEra Energy by 4.4% during the first quarter. Astoria Portfolio Advisors LLC. now owns 4,718 shares of the utilities provider’s stock worth $296,000 after buying an additional 200 shares during the last quarter. Toth Financial Advisory Corp increased its holdings in NextEra Energy by 625.9% during the first quarter. Toth Financial Advisory Corp now owns 813 shares of the utilities provider’s stock worth $52,000 after buying an additional 701 shares during the last quarter. Alpha Omega Wealth Management LLC increased its holdings in NextEra Energy by 13.2% during the first quarter. Alpha Omega Wealth Management LLC now owns 8,227 shares of the utilities provider’s stock worth $526,000 after buying an additional 960 shares during the last quarter. Finally, Vicus Capital increased its holdings in NextEra Energy by 57.1% during the first quarter. Vicus Capital now owns 6,552 shares of the utilities provider’s stock worth $419,000 after buying an additional 2,381 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

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.