NextEra Energy (NYSE:NEE) Shares Gap Down to $83.90

NextEra Energy, Inc. (NYSE:NEEGet Rating)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $83.90, but opened at $80.53. NextEra Energy shares last traded at $79.44, with a volume of 2,478,477 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Credit Suisse Group lifted their price objective on shares of NextEra Energy to $89.00 in a research report on Tuesday, November 1st. BMO Capital Markets lifted their target price on shares of NextEra Energy from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Monday, October 31st. Guggenheim lowered their target price on shares of NextEra Energy from $108.00 to $99.00 in a research note on Monday, October 24th. KeyCorp lowered their target price on shares of NextEra Energy from $93.00 to $89.00 and set an “overweight” rating for the company in a research note on Thursday, October 20th. Finally, Wells Fargo & Company lifted their target price on shares of NextEra Energy from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 10th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $94.40.

NextEra Energy Stock Performance

The company has a market cap of $151.88 billion, a PE ratio of 40.14, a price-to-earnings-growth ratio of 2.76 and a beta of 0.48. The firm’s fifty day moving average is $84.31 and its 200 day moving average is $83.10. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 1.17.

NextEra Energy (NYSE:NEEGet Rating) last issued its quarterly earnings results on Wednesday, January 25th. The utilities provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 19.30% and a return on equity of 12.27%. The firm’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 2.89 EPS for the current fiscal year.

Insider Transactions at NextEra Energy

In other news, EVP Miguel Arechabala sold 12,478 shares of the company’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $85.89, for a total transaction of $1,071,735.42. Following the completion of the sale, the executive vice president now owns 24,710 shares of the company’s stock, valued at $2,122,341.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Miguel Arechabala sold 12,478 shares of the company’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $85.89, for a total transaction of $1,071,735.42. Following the completion of the sale, the executive vice president now owns 24,710 shares of the company’s stock, valued at $2,122,341.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert Coffey sold 2,908 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $78.19, for a total transaction of $227,376.52. Following the sale, the executive vice president now directly owns 11,489 shares of the company’s stock, valued at approximately $898,324.91. The disclosure for this sale can be found here. Insiders sold 46,617 shares of company stock valued at $3,962,217 over the last 90 days. 0.43% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NextEra Energy

Large investors have recently modified their holdings of the business. Foundations Investment Advisors LLC boosted its position in shares of NextEra Energy by 28.6% during the 3rd quarter. Foundations Investment Advisors LLC now owns 4,899 shares of the utilities provider’s stock valued at $384,000 after acquiring an additional 1,090 shares during the last quarter. McAdam LLC boosted its position in shares of NextEra Energy by 4.5% during the 3rd quarter. McAdam LLC now owns 3,374 shares of the utilities provider’s stock valued at $265,000 after acquiring an additional 145 shares during the last quarter. Gould Asset Management LLC CA boosted its position in shares of NextEra Energy by 15.0% during the 2nd quarter. Gould Asset Management LLC CA now owns 6,874 shares of the utilities provider’s stock valued at $532,000 after acquiring an additional 895 shares during the last quarter. FirstPurpose Wealth LLC boosted its position in shares of NextEra Energy by 7.7% during the 2nd quarter. FirstPurpose Wealth LLC now owns 2,726 shares of the utilities provider’s stock valued at $211,000 after acquiring an additional 195 shares during the last quarter. Finally, Heron Financial Group LLC boosted its position in shares of NextEra Energy by 5.4% during the 2nd quarter. Heron Financial Group LLC now owns 21,115 shares of the utilities provider’s stock valued at $1,636,000 after acquiring an additional 1,073 shares during the last quarter. Hedge funds and other institutional investors own 76.17% of the company’s stock.

About NextEra Energy

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NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL and NEER. The FPL segment engages primarily in the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.

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