Shares of NextEra Energy Inc (NYSE:NEE) have been assigned an average rating of “Buy” from the sixteen analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $170.64.

NEE has been the subject of several research reports. Barclays initiated coverage on NextEra Energy in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $182.00 target price for the company. KeyCorp boosted their target price on NextEra Energy from $168.00 to $178.00 and gave the company an “overweight” rating in a report on Thursday, July 19th. Howard Weil initiated coverage on NextEra Energy in a report on Tuesday, July 24th. They issued a “sector perform” rating for the company. Scotiabank initiated coverage on NextEra Energy in a report on Tuesday, July 24th. They issued a “hold” rating and a $70.00 target price for the company. Finally, ValuEngine raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd.

In other NextEra Energy news, Director James L. Robo sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $170.69, for a total transaction of $3,072,420.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $167.00, for a total value of $267,200.00. Following the sale, the director now directly owns 21,300 shares of the company’s stock, valued at $3,557,100. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,024 shares of company stock valued at $12,742,375. 0.55% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Berkshire Asset Management LLC PA raised its stake in NextEra Energy by 19.2% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 12,015 shares of the utilities provider’s stock valued at $2,014,000 after acquiring an additional 1,935 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management increased its position in NextEra Energy by 19.0% during the 3rd quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 3,688 shares of the utilities provider’s stock worth $618,000 after purchasing an additional 589 shares during the period. Hudson Valley Investment Advisors Inc. ADV acquired a new position in NextEra Energy during the 3rd quarter worth approximately $805,000. Busey Trust CO increased its position in NextEra Energy by 6.8% during the 3rd quarter. Busey Trust CO now owns 8,626 shares of the utilities provider’s stock worth $1,445,000 after purchasing an additional 549 shares during the period. Finally, Douglass Winthrop Advisors LLC increased its position in NextEra Energy by 3.8% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 17,894 shares of the utilities provider’s stock worth $2,999,000 after purchasing an additional 653 shares during the period. 76.27% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE NEE opened at $169.36 on Wednesday. The stock has a market cap of $79.04 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 2.58 and a beta of 0.20. The company has a quick ratio of 0.46, a current ratio of 0.58 and a debt-to-equity ratio of 0.78. NextEra Energy has a 1 year low of $145.10 and a 1 year high of $175.66.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.05. NextEra Energy had a return on equity of 10.49% and a net margin of 49.10%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.51 billion. During the same period in the previous year, the business earned $1.86 EPS. The business’s quarterly revenue was down 7.6% on a year-over-year basis. On average, equities research analysts expect that NextEra Energy will post 7.76 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be paid a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a yield of 2.62%. NextEra Energy’s dividend payout ratio is presently 66.27%.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

Read More: Why is the conference call important?

Analyst Recommendations for NextEra Energy (NYSE:NEE)

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.