Wells Fargo & Co. Initiates Coverage on NextEra Energy (NEE)
A number of other firms have also recently commented on NEE. Analysts at Deutsche Bank reiterated a “hold” rating on shares of NextEra Energy in a research note on Wednesday. They now have a $101.00 price target on the stock, up previously from $96.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of NextEra Energy in a research note on Wednesday. They now have a $103.00 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of NextEra Energy in a research note on Monday, July 28th. They set an “overweight” rating and a $40.00 price target on the stock. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $98.50.
Shares of NextEra Energy (NYSE:NEE) traded down 0.07% during mid-day trading on Thursday, hitting $93.82. 2,514,372 shares of the company’s stock traded hands. NextEra Energy has a one year low of $78.81 and a one year high of $102.51. The stock’s 50-day moving average is $98.81 and its 200-day moving average is $95.20. The company has a market cap of $41.281 billion and a P/E ratio of 20.93.
NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, July 29th. The company reported $1.43 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.44 by $0.01. The company had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $4.07 billion. On average, analysts predict that NextEra Energy will post $5.32 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Wednesday, August 27th.
In other NextEra Energy news, CFO Moray P. Dewhurst unloaded 5,000 shares of the company’s stock on the open market in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $98.16, for a total transaction of $490,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NextEra Energy, Inc (NYSE:NEE) is an electric power company.
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