NextEra Energy Upgraded by ISI Group to “Buy” (NEE)
NextEra Energy (NYSE:NEE) was upgraded by equities researchers at ISI Group from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $103.00 price objective on the stock, up from their previous price objective of $96.00. ISI Group’s price objective would indicate a potential upside of 11.53% from the stock’s previous close.
Shares of NextEra Energy (NYSE:NEE) traded down 0.26% on Wednesday, hitting $92.35. The stock had a trading volume of 4,520,283 shares. 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 $98.43 and a 200-day moving average of $95.39. The company has a market cap of $40.298 billion and a price-to-earnings ratio of 20.66.
NextEra Energy (NYSE:NEE) last released its earnings data on Tuesday, July 29th. The company reported $1.43 earnings per share for the quarter, missing the analysts’ 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 the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $92.43, for a total transaction of $1,386,450.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several other analysts have also recently commented on the stock. 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 analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $99.29.
NextEra Energy, Inc (NYSE:NEE) is an electric power company.
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