NextEra Energy Stock Rating Upgraded by ISI Group (NEE)
NextEra Energy (NYSE:NEE) was upgraded by stock analysts at ISI Group from a “neutral” rating to a “buy” rating in a report issued on Wednesday. The firm currently has a $103.00 price objective on the stock. ISI Group’s price objective suggests a potential upside of 11.53% from the company’s current price.
A number of other analysts have also recently weighed in on NEE. Analysts at RBC Capital raised their price target on shares of NextEra Energy from $99.00 to $105.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $99.29.
Shares of NextEra Energy (NYSE:NEE) traded down 0.26% on Wednesday, hitting $92.35. 4,520,283 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 has a 50-day moving average of $98.43 and a 200-day moving average of $95.39. The company has a market cap of $40.298 billion and a P/E ratio of 20.66.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data 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 announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Wednesday, August 27th.
In other NextEra Energy news, CFO Moray P. Dewhurst sold 15,000 shares of NextEra Energy stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $92.43, for a total value of $1,386,450.00. The transaction 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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