NextEra Energy (NYSE:NEE) Given New $92.00 Price Target at Guggenheim

NextEra Energy (NYSE:NEE) had its price objective boosted by Guggenheim from $90.00 to $92.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the utilities provider’s stock.

A number of other analysts have also issued reports on NEE. JPMorgan Chase & Co. lifted their price target 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. Scotiabank boosted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Morgan Stanley upped their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Citigroup upped their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $86.38.

NextEra Energy Stock Down 0.2 %

Shares of NYSE NEE traded down $0.14 during trading on Thursday, reaching $82.67. 1,328,488 shares of the stock were exchanged, compared to its average volume of 10,708,129. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The business’s 50-day moving average price is $82.19 and its 200 day moving average price is $75.96. The company has a market capitalization of $169.85 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. NextEra Energy has a twelve month low of $53.81 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 earnings per share. As a group, equities analysts forecast that NextEra Energy will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is currently 56.13%.

Insider Buying and Selling at NextEra Energy

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Taylor & Morgan Wealth Management LLC lifted its position in shares of NextEra Energy by 1.7% during the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock valued at $655,000 after acquiring an additional 126 shares during the last quarter. Insight Folios Inc lifted its holdings in shares of NextEra Energy by 1.5% in the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock valued at $713,000 after purchasing an additional 126 shares in the last quarter. Osborne Partners Capital Management LLC lifted its holdings in shares of NextEra Energy by 1.2% in the third quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock valued at $906,000 after purchasing an additional 128 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of NextEra Energy by 0.4% in the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock valued at $2,597,000 after purchasing an additional 130 shares in the last quarter. Finally, Sycomore Asset Management lifted its holdings in shares of NextEra Energy by 0.3% in the second quarter. Sycomore Asset Management now owns 47,341 shares of the utilities provider’s stock valued at $3,473,000 after purchasing an additional 131 shares in the last quarter. 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.