NextEra Energy (NYSE:NEE) had its price objective increased by Guggenheim from $230.00 to $250.00 in a research note issued to investors on Wednesday morning, BenzingaRatingsTable reports. They currently have a buy rating on the utilities provider’s stock.

Other equities research analysts have also issued reports about the stock. Credit Suisse Group boosted their target price on shares of NextEra Energy from $231.00 to $232.00 and gave the company an outperform rating in a research note on Friday, July 26th. Wells Fargo & Co set a $240.00 target price on shares of NextEra Energy and gave the company a buy rating in a research note on Tuesday, September 3rd. Morgan Stanley set a $233.00 target price on shares of NextEra Energy and gave the company a buy rating in a research note on Friday, August 16th. Barclays lowered shares of NextEra Energy from an overweight rating to an equal weight rating and set a $218.00 target price for the company. in a research note on Tuesday, August 13th. Finally, ValuEngine lowered shares of NextEra Energy from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. NextEra Energy presently has a consensus rating of Buy and an average target price of $219.85.

NEE traded down $2.46 during mid-day trading on Wednesday, reaching $229.54. 1,960,390 shares of the company traded hands, compared to its average volume of 2,035,638. The stock has a market capitalization of $111.15 billion, a P/E ratio of 29.81, a P/E/G ratio of 3.46 and a beta of 0.18. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The company’s fifty day moving average price is $225.03 and its 200-day moving average price is $207.64. NextEra Energy has a 52-week low of $164.78 and a 52-week high of $234.27.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.07. The business had revenue of $4.97 billion during the quarter, compared to analyst estimates of $4.68 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.08 EPS. As a group, sell-side analysts forecast that NextEra Energy will post 8.38 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 29th were paid a $1.25 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $5.00 annualized dividend and a dividend yield of 2.18%. NextEra Energy’s dividend payout ratio (DPR) is 64.94%.

In other news, CEO James L. Robo sold 44,537 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $216.85, for a total value of $9,657,848.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Paul I. Cutler sold 23,750 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $223.59, for a total value of $5,310,262.50. Following the completion of the sale, the treasurer now owns 93,462 shares of the company’s stock, valued at $20,897,168.58. The disclosure for this sale can be found here. Insiders sold a total of 97,576 shares of company stock valued at $21,514,886 over the last 90 days. 0.48% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Bedel Financial Consulting Inc. increased its position in shares of NextEra Energy by 1.4% during the third quarter. Bedel Financial Consulting Inc. now owns 3,412 shares of the utilities provider’s stock worth $795,000 after acquiring an additional 47 shares during the period. Meridian Financial Partners LLC increased its position in shares of NextEra Energy by 1.8% during the second quarter. Meridian Financial Partners LLC now owns 2,824 shares of the utilities provider’s stock worth $588,000 after acquiring an additional 49 shares during the period. Grove Bank & Trust increased its position in shares of NextEra Energy by 1.0% during the second quarter. Grove Bank & Trust now owns 4,954 shares of the utilities provider’s stock worth $1,015,000 after acquiring an additional 49 shares during the period. Bogart Wealth LLC increased its position in shares of NextEra Energy by 1.4% during the second quarter. Bogart Wealth LLC now owns 4,026 shares of the utilities provider’s stock worth $824,000 after acquiring an additional 54 shares during the period. Finally, Ullmann Financial Group Inc. increased its position in shares of NextEra Energy by 2.7% during the second quarter. Ullmann Financial Group Inc. now owns 2,130 shares of the utilities provider’s stock worth $436,000 after acquiring an additional 57 shares during the period. Institutional investors and hedge funds own 76.09% 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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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