NextEra Energy (NYSE:NEE) Price Target Raised to $94.00

NextEra Energy (NYSE:NEE - Get Free Report) had its price objective hoisted by research analysts at Wolfe Research from $87.00 to $94.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage presently has an "outperform" rating on the utilities provider's stock. Wolfe Research's price objective indicates a potential upside of 10.79% from the company's current price.

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Several other analysts have also commented on NEE. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. Evercore ISI reissued an "outperform" rating and set a $93.00 target price on shares of NextEra Energy in a research report on Tuesday, October 28th. UBS Group restated a "buy" rating and issued a $96.00 target price (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $85.00 price target (up from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Finally, New Street Research set a $84.00 price target on NextEra Energy in a research report on Monday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $91.00.

Read Our Latest Research Report on NextEra Energy

NextEra Energy Stock Down 1.7%

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NYSE NEE traded down $1.44 during trading on Monday, reaching $84.85. 405,910 shares of the company's stock traded hands, compared to its average volume of 11,253,351. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The firm has a market cap of $176.70 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. The company's 50 day simple moving average is $82.33 and its two-hundred day simple moving average is $75.84. NextEra Energy has a 12-month low of $61.72 and a 12-month high of $87.53.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same period in the previous year, the company posted $1.03 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, sell-side analysts forecast that NextEra Energy will post 3.68 EPS for the current fiscal year.

Insider Buying and Selling

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In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the sale, the chief executive officer directly owned 162,693 shares of the company's stock, valued at approximately $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company's stock, valued at $13,398,480. The trade was a 6.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 168,168 shares of company stock worth $13,917,670. 0.20% of the stock is currently owned by company insiders.

Institutional Trading of NextEra Energy

Several institutional investors have recently modified their holdings of NEE. Activest Wealth Management grew its position in shares of NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. bought a new position in shares of NextEra Energy during the 2nd quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new stake in NextEra Energy in the second quarter worth $25,000. Tripletail Wealth Management LLC purchased a new stake in shares of NextEra Energy during the 3rd quarter valued at about $25,000. Finally, 1 North Wealth Services LLC bought a new position in shares of NextEra Energy in the 1st quarter valued at about $26,000. Institutional investors and hedge funds own 78.72% of the company's stock.

About NextEra Energy

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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