Shares of NextEra Energy, Inc. (NYSE:NEE) have earned a consensus rating of “Buy” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $149.80.
NEE has been the topic of several analyst reports. Deutsche Bank AG reiterated a “hold” rating and set a $128.00 target price (down previously from $129.00) on shares of NextEra Energy in a report on Sunday, April 2nd. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Monday, April 3rd. BidaskClub downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a research report on Monday, July 24th. They set a “buy” rating and a $160.00 price target on the stock. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $144.00 price target on shares of NextEra Energy in a research report on Tuesday, May 2nd.
In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the completion of the sale, the director now directly owns 26,884 shares in the company, valued at $3,779,352.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Armando Pimentel, Jr. sold 5,680 shares of the company’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $133.11, for a total value of $756,064.80. Following the sale, the chief executive officer now owns 79,586 shares of the company’s stock, valued at $10,593,692.46. The disclosure for this sale can be found here. Insiders have sold 66,111 shares of company stock valued at $9,036,943 over the last 90 days. Corporate insiders own 0.53% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lebenthal Asset Management LLC boosted its position in shares of NextEra Energy by 0.5% in the fourth quarter. Lebenthal Asset Management LLC now owns 104,068 shares of the utilities provider’s stock worth $12,432,000 after buying an additional 480 shares during the last quarter. Wade G W & Inc. raised its position in shares of NextEra Energy by 1.2% in the first quarter. Wade G W & Inc. now owns 10,628 shares of the utilities provider’s stock valued at $1,364,000 after buying an additional 130 shares in the last quarter. Dodge & Cox bought a new position in shares of NextEra Energy during the fourth quarter valued at about $1,164,000. Baldwin Brothers Inc. MA raised its position in shares of NextEra Energy by 15.2% in the first quarter. Baldwin Brothers Inc. MA now owns 13,230 shares of the utilities provider’s stock valued at $1,698,000 after buying an additional 1,748 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC raised its position in shares of NextEra Energy by 48.7% in the first quarter. Moody Lynn & Lieberson LLC now owns 2,948 shares of the utilities provider’s stock valued at $378,000 after buying an additional 965 shares in the last quarter. Institutional investors own 76.82% of the company’s stock.
NextEra Energy (NYSE NEE) traded up 0.32% during midday trading on Monday, hitting $145.12. The stock had a trading volume of 1,156,288 shares. NextEra Energy has a 52 week low of $110.49 and a 52 week high of $145.76. The firm has a market cap of $68.10 billion, a P/E ratio of 16.62 and a beta of 0.31. The stock has a 50-day moving average of $141.72 and a 200-day moving average of $133.19.
NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. NextEra Energy’s revenue was up 15.4% on a year-over-year basis. Analysts forecast that NextEra Energy will post $6.72 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is currently 45.02%.
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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