NextEra Energy Price Target Cut to $88.00 (NEE)
Equities research analysts at Goldman Sachs Group Inc. reduced their target price on shares of NextEra Energy (NYSE:NEE) from $89.00 to $88.00 in a research note issued to investors on Monday, Stock Ratings News reports. Goldman Sachs Group Inc.’s price target points to a potential upside of 3.33% from the stock’s previous close.
A number of other firms have also recently commented on NEE. Analysts at Deutsche Bank raised their price target on shares of NextEra Energy from $80.00 to $82.00 in a research note to investors on Wednesday, October 2nd. They now have a “hold” rating on the stock. Separately, analysts at UBS AG initiated coverage on shares of NextEra Energy in a research note to investors on Monday, September 30th. They set a “neutral” rating and a $79.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of NextEra Energy in a research note to investors on Thursday, September 19th. They now have a $87.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $86.80.
Shares of NextEra Energy (NYSE:NEE) traded down 0.92% during mid-day trading on Monday, hitting $85.16. The stock had a trading volume of 2,355,118 shares. NextEra Energy has a 52 week low of $65.95 and a 52 week high of $88.39. The stock’s 50-day moving average is $82.89 and its 200-day moving average is $79.9. The company has a market cap of $36.164 billion and a price-to-earnings ratio of 21.08.
NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, July 30th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.18. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts expect that NextEra Energy will post $4.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Tuesday, November 26th.
NextEra Energy, Inc (NYSE:NEE) is one of the electric power companies in North America, with over 42,000 megawatt of generating capacity in 26 states in the United States and four provinces in Canada.
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