A number of other brokerages have also weighed in on NEE. Argus reissued a buy rating and issued a $134.00 price objective (up from $128.00) on shares of NextEra Energy in a report on Tuesday, June 7th. Zacks Investment Research lowered NextEra Energy from a hold rating to a sell rating in a report on Friday, July 22nd. KeyCorp reissued an outperform rating and issued a $134.00 price objective (up from $126.00) on shares of NextEra Energy in a report on Tuesday, July 5th. Goldman Sachs Group Inc. reissued a conviction-buy rating on shares of NextEra Energy in a report on Wednesday, June 8th. Finally, BMO Capital Markets reissued a buy rating and issued a $135.00 price objective on shares of NextEra Energy in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. NextEra Energy has an average rating of Buy and an average price target of C$129.26.
NextEra Energy (NYSE:NEE) opened at 126.48 on Friday. NextEra Energy has a 12-month low of $95.84 and a 12-month high of $131.98. The company has a 50-day moving average price of $124.49 and a 200-day moving average price of $122.55. The stock has a market capitalization of $58.43 billion, a PE ratio of 22.63 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The company earned $3.82 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period last year, the business posted $1.56 earnings per share. The firm’s revenue was down 12.4% compared to the same quarter last year. Analysts expect that NextEra Energy will post $6.20 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.75%. The ex-dividend date was Friday, August 26th. NextEra Energy’s payout ratio is currently 62.59%.
In other NextEra Energy news, VP Chris N. Froggatt sold 16,467 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of C$127.61, for a total value of C$2,101,353.87. Following the sale, the vice president now directly owns 22,916 shares of the company’s stock, valued at C$2,924,310.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.66% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Global X Management Co. LLC increased its position in NextEra Energy by 242.3% in the second quarter. Global X Management Co. LLC now owns 818 shares of the company’s stock valued at $107,000 after buying an additional 579 shares during the period. Riggs Asset Managment Co. Inc. increased its position in NextEra Energy by 378.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 948 shares of the company’s stock valued at $124,000 after buying an additional 750 shares during the period. Blue Chip Partners Inc. purchased a new position in NextEra Energy during the second quarter valued at $140,000. Jackson Grant Investment Advisers Inc. increased its position in NextEra Energy by 7.0% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,080 shares of the company’s stock valued at $141,000 after buying an additional 71 shares during the period. Finally, Cribstone Capital Management LLC purchased a new position in NextEra Energy during the second quarter valued at $149,000. 74.51% of the stock is currently owned by institutional investors.
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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