NextEra Energy Inc (NEE) Given Consensus Rating of “Buy” by Brokerages
NextEra Energy Inc (NYSE:NEE) has received a consensus rating of “Buy” from the sixteen ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $159.00.
A number of brokerages recently weighed in on NEE. Morgan Stanley lifted their price objective on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target for the company in a report on Tuesday. Credit Suisse Group started coverage on shares of NextEra Energy in a report on Thursday, December 7th. They set an “outperform” rating and a $173.00 price target for the company. Argus reiterated a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a report on Tuesday, November 7th.
In other news, EVP John W. Ketchum sold 2,900 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $150.00, for a total transaction of $435,000.00. Following the completion of the sale, the executive vice president now owns 18,786 shares in the company, valued at approximately $2,817,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph T. Kelliher sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total transaction of $300,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 107,757 shares of company stock valued at $16,419,953 in the last 90 days. Insiders own 0.53% of the company’s stock.
Shares of NextEra Energy (NYSE:NEE) traded down $0.60 during mid-day trading on Thursday, hitting $156.47. 3,603,000 shares of the company were exchanged, compared to its average volume of 1,691,005. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $73,899.47, a PE ratio of 23.55, a P/E/G ratio of 3.13 and a beta of 0.31. NextEra Energy has a 52-week low of $114.85 and a 52-week high of $159.40.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.74 earnings per share. equities analysts forecast that NextEra Energy will post 6.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a dividend yield of 2.51%. NextEra Energy’s dividend payout ratio is presently 44.16%.
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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