NextEra Energy Price Target Increased to $105.00 by Analysts at RBC Capital (NEE)
RBC Capital raised their price objective on shares of NextEra Energy (NYSE:NEE) from $99.00 to $105.00 in a research note issued on Tuesday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective points to a potential upside of 11.64% from the company’s current price.
NextEra Energy (NYSE:NEE) traded down 0.38% during mid-day trading on Tuesday, hitting $93.6962. 71,667 shares of the company’s stock traded hands. NextEra Energy has a 1-year low of $78.81 and a 1-year high of $102.51. The stock has a 50-day moving average of $98.73 and a 200-day moving average of $95.38. The company has a market cap of $40.885 billion and a price-to-earnings ratio of 20.99.
NextEra Energy (NYSE:NEE) last posted its quarterly 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. Analysts expect that NextEra Energy will post $5.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors 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 3.08%. 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 stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $98.16, for a total transaction of $490,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of other analysts have also recently weighed in on NEE. Analysts at Wells Fargo & Co. initiated coverage on shares of NextEra Energy in a research note on Thursday, July 31st. They set a “market perform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of NextEra Energy in a research note on Wednesday, July 30th. They now have a $101.00 price target on the stock, up previously from $96.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of NextEra Energy in a research note on Wednesday, July 30th. They now have a $103.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. NextEra Energy presently has an average rating of “Buy” and an average price target of $99.00.
NextEra Energy, Inc (NYSE:NEE) is an electric power company.
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