NextEra Energy Inc. (NYSE:NEE)‘s stock had its “buy” rating reiterated by equities research analysts at Bank of America Corp. in a report released on Tuesday. They presently have a $149.00 price target on the stock.
NEE has been the topic of several other reports. Deutsche Bank AG restated a “buy” rating and issued a $123.00 price objective on shares of NextEra Energy in a research report on Wednesday, June 1st. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Morgan Stanley began coverage on NextEra Energy in a research report on Wednesday, June 29th. They issued a “hold” rating and a $146.00 price objective on the stock. Mizuho boosted their price objective on NextEra Energy from $125.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, July 18th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $135.00 target price on shares of NextEra Energy in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$129.26.
Shares of NextEra Energy (NYSE:NEE) traded up 1.09% during midday trading on Tuesday, hitting $127.61. The stock had a trading volume of 1,089,190 shares. The company’s 50 day moving average is $124.45 and its 200 day moving average is $122.44. The company has a market cap of $58.95 billion, a PE ratio of 22.84 and a beta of 0.33. NextEra Energy has a 52-week low of $95.84 and a 52-week high of $131.98.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.10. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the business earned $1.56 earnings per share. The business’s revenue was down 12.4% on a year-over-year basis. On average, analysts anticipate that NextEra Energy will post $6.20 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 30th were paid a $0.87 dividend. The ex-dividend date of this dividend was Friday, August 26th. This represents a $3.48 annualized dividend and a yield of 2.76%. NextEra Energy’s dividend payout ratio (DPR) is currently 62.59%.
In related news, VP Chris N. Froggatt sold 16,467 shares of the 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 transaction, the vice president now owns 22,916 shares of the company’s stock, valued at C$2,924,310.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Treasurer Paul I. Cutler sold 4,796 shares of the stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of C$130.00, for a total value of C$623,480.00. Following the completion of the transaction, the treasurer now directly owns 69,977 shares in the company, valued at approximately C$9,097,010. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in NEE. Global X Management Co. LLC boosted its position in shares of 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. boosted its position in shares of 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 shares of NextEra Energy during the second quarter valued at about $140,000. Jackson Grant Investment Advisers Inc. boosted its position in shares of 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 shares of NextEra Energy during the second quarter valued at about $149,000. 74.51% of the stock is currently owned by institutional investors.
NextEra Energy Company Profile
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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