NextEra Energy, Inc. (NEE) Receives Consensus Recommendation of “Buy” from Analysts
Shares of NextEra Energy, Inc. (NYSE:NEE) have received an average rating of “Buy” from the twelve ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $150.30.
A number of brokerages have recently commented on NEE. Morgan Stanley lifted their price target on shares of NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Thursday. BidaskClub upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday. Goldman Sachs Group, Inc. (The) began coverage on shares of NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $147.00 price target (up previously from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $156.00 price target (up previously from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd.
NextEra Energy (NYSE NEE) traded down 0.59% on Friday, hitting $146.85. The stock had a trading volume of 804,754 shares. The firm has a market capitalization of $68.91 billion, a price-to-earnings ratio of 16.82 and a beta of 0.32. The company’s 50 day moving average is $143.21 and its 200-day moving average is $134.86. NextEra Energy has a 1-year low of $110.49 and a 1-year high of $148.30.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. NextEra Energy’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 earnings per share. On average, analysts forecast that NextEra Energy will post $6.72 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.9825 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.66%. NextEra Energy’s payout ratio is 45.02%.
In related news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the completion of the transaction, the director now owns 26,884 shares in the company, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,431 shares of company stock worth $12,692,378. 0.53% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Pennsylvania Trust Co raised its position in NextEra Energy by 0.8% in the first quarter. Pennsylvania Trust Co now owns 161,223 shares of the utilities provider’s stock valued at $20,696,000 after buying an additional 1,252 shares during the last quarter. Highland Capital Management LLC increased its stake in NextEra Energy by 6.4% in the first quarter. Highland Capital Management LLC now owns 2,427 shares of the utilities provider’s stock valued at $312,000 after buying an additional 145 shares during the period. Gradient Investments LLC increased its stake in NextEra Energy by 30.2% in the first quarter. Gradient Investments LLC now owns 4,311 shares of the utilities provider’s stock valued at $553,000 after buying an additional 1,000 shares during the period. Daiwa SB Investments Ltd. increased its stake in NextEra Energy by 1.8% in the first quarter. Daiwa SB Investments Ltd. now owns 83,390 shares of the utilities provider’s stock valued at $10,705,000 after buying an additional 1,510 shares during the period. Finally, Regentatlantic Capital LLC increased its stake in NextEra Energy by 0.4% in the first quarter. Regentatlantic Capital LLC now owns 3,468 shares of the utilities provider’s stock valued at $445,000 after buying an additional 14 shares during the period. Institutional investors and hedge funds own 76.72% of the company’s stock.
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About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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