NextEra Energy, Inc. (NEE) Given Average Recommendation of “Buy” by Brokerages
NextEra Energy, Inc. (NYSE:NEE) has earned a consensus recommendation of “Buy” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $150.73.
A number of equities research analysts recently commented on the stock. KeyCorp restated a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a report on Friday. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Morgan Stanley raised their price objective on shares of NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. BidaskClub upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 price objective on the stock.
NextEra Energy (NYSE:NEE) traded down 0.26% on Tuesday, hitting $149.77. The company’s stock had a trading volume of 603,836 shares. The company has a market capitalization of $70.28 billion, a P/E ratio of 17.15 and a beta of 0.33. NextEra Energy has a 1-year low of $110.49 and a 1-year high of $151.30. The company has a 50 day moving average price of $147.07 and a 200-day moving average price of $137.95.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period last year, the business posted $1.67 earnings per share. On average, equities analysts forecast that NextEra Energy will post $6.73 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
In other news, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in NEE. BlackRock Inc. grew its position in shares of NextEra Energy by 3,384.2% in the 1st quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after acquiring an additional 36,747,599 shares during the period. Janus Henderson Group PLC grew its position in shares of NextEra Energy by 2,832.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock valued at $252,287,000 after acquiring an additional 1,738,989 shares during the period. Vanguard Group Inc. grew its position in shares of NextEra Energy by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after acquiring an additional 1,503,907 shares during the period. APG Asset Management N.V. grew its position in shares of NextEra Energy by 75.0% in the 1st quarter. APG Asset Management N.V. now owns 1,971,565 shares of the utilities provider’s stock valued at $253,090,000 after acquiring an additional 844,862 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of NextEra Energy by 122.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock valued at $207,281,000 after acquiring an additional 814,478 shares during the period. 75.67% of the stock is owned by institutional investors.
NextEra Energy Company Profile
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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