NextEra Energy (NYSE:NEE) Price Target Raised to $102.00 at Wells Fargo & Company

NextEra Energy (NYSE:NEE) had its price target upped by Wells Fargo & Company from $95.00 to $102.00 in a report released on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

Several other equities research analysts have also commented on NEE. BMO Capital Markets upped their price target on NextEra Energy from $79.00 to $83.00 and gave the stock an outperform rating in a research note on Monday, July 15th. Bank of America increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a neutral rating in a research report on Thursday, August 29th. Morgan Stanley lifted their price target on shares of NextEra Energy from $85.00 to $87.00 and gave the company an overweight rating in a research report on Friday, August 23rd. Mizuho lowered shares of NextEra Energy from a buy rating to a neutral rating and set a $71.00 price objective for the company. in a research report on Wednesday, June 12th. Finally, Citigroup lifted their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the company a buy rating in a report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $81.50.

NextEra Energy Price Performance

NEE opened at $79.98 on Tuesday. NextEra Energy has a 1 year low of $47.15 and a 1 year high of $82.14. The company’s 50 day simple moving average is $76.13 and its 200 day simple moving average is $70.30. The stock has a market capitalization of $164.32 billion, a PE ratio of 21.79, a P/E/G ratio of 2.92 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter last year, the business earned $0.88 EPS. As a group, sell-side analysts expect that NextEra Energy will post 3.39 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a $0.515 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.58%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. 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 currently owned by company insiders.

Institutional Investors Weigh In On NextEra Energy

Several large investors have recently made changes to their positions in NEE. Janney Capital Management LLC raised its stake in NextEra Energy by 9.5% during the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock valued at $2,835,000 after acquiring an additional 4,047 shares in the last quarter. Intech Investment Management LLC lifted its holdings in NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after purchasing an additional 26,382 shares during the period. Camden National Bank grew its position in NextEra Energy by 10.2% in the 4th quarter. Camden National Bank now owns 156,631 shares of the utilities provider’s stock valued at $9,514,000 after buying an additional 14,477 shares in the last quarter. Ancora Advisors LLC grew its position in NextEra Energy by 10.6% in the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after buying an additional 7,677 shares in the last quarter. Finally, TrinityPoint Wealth LLC raised its position in shares of NextEra Energy by 2.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock worth $1,269,000 after buying an additional 507 shares in the last quarter. Institutional investors and hedge funds 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.