NextEra Energy Inc. (NYSE:NEE) Receives Average Recommendation of “Buy” from Analysts
Shares of NextEra Energy Inc. (NYSE:NEE) have been given a consensus recommendation of “Buy” by the eighteen brokerages that are currently covering the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$126.92.
A number of equities analysts recently issued reports on the stock. KeyCorp reiterated an “outperform” rating and set a $134.00 price objective (up from $126.00) on shares of NextEra Energy in a research report on Tuesday, July 5th. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Tuesday, July 5th. Morgan Stanley assumed coverage on shares of NextEra Energy in a research report on Wednesday, June 29th. They set a “hold” rating and a $146.00 price objective for the company. Mizuho upped their price objective on shares of NextEra Energy from $125.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, July 18th. Finally, Deutsche Bank AG lowered their price objective on shares of NextEra Energy from $134.00 to $133.00 and set a “buy” rating for the company in a research report on Thursday, July 28th.
In other NextEra Energy news, VP Chris N. Froggatt sold 16,467 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of C$127.61, for a total value of C$2,101,353.87. Following the transaction, the vice president now directly owns 22,916 shares of the company’s stock, valued at C$2,924,310.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer Paul I. Cutler sold 4,796 shares of the firm’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of C$130.00, for a total transaction of C$623,480.00. Following the completion of the transaction, the treasurer now directly owns 69,977 shares in the company, valued at C$9,097,010. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in NEE. Searle & CO. raised its position in NextEra Energy by 19.2% in the first quarter. Searle & CO. now owns 4,650 shares of the company’s stock worth $552,000 after buying an additional 750 shares during the period. Capital Impact Advisors LLC raised its position in NextEra Energy by 4.6% in the first quarter. Capital Impact Advisors LLC now owns 15,404 shares of the company’s stock worth $1,823,000 after buying an additional 674 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in NextEra Energy by 0.5% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 30,942 shares of the company’s stock worth $3,662,000 after buying an additional 150 shares during the period. Osborn Rohs Williams & Donohoe Ltd raised its position in NextEra Energy by 15.7% in the first quarter. Osborn Rohs Williams & Donohoe Ltd now owns 12,881 shares of the company’s stock worth $1,524,000 after buying an additional 1,745 shares during the period. Finally, Acadian Asset Management LLC raised its position in NextEra Energy by 2,213.8% in the first quarter. Acadian Asset Management LLC now owns 76,679 shares of the company’s stock worth $9,073,000 after buying an additional 73,365 shares during the period. 74.52% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NextEra Energy (NYSE:NEE) traded up 0.90% during trading on Wednesday, hitting $126.20. 845,051 shares of the stock were exchanged. The firm’s 50 day moving average price is $124.46 and its 200-day moving average price is $122.10. NextEra Energy has a 52 week low of $95.84 and a 52 week high of $131.98. The stock has a market cap of $58.30 billion, a P/E ratio of 22.58 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. The business earned $3.82 billion during the quarter, compared to analysts’ expectations of $4.33 billion. NextEra Energy had a net margin of 15.36% and a return on equity of 11.82%. The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.56 EPS. On average, analysts predict that NextEra Energy will post $6.20 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 30th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.78%. The ex-dividend date was Friday, August 26th. NextEra Energy’s dividend payout ratio is presently 62.59%.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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