Shares of NextEra Energy, Inc. (NYSE:NEE) have been assigned a consensus recommendation of “Buy” from the twelve brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $149.80.
Several brokerages recently weighed in on NEE. UBS AG restated a “buy” rating and set a $143.00 price objective (up from $138.00) on shares of NextEra Energy in a research report on Tuesday, April 18th. Wells Fargo & Company restated an “outperform” rating and set a $158.00 price objective (up from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. Royal Bank Of Canada restated an “outperform” rating and set a $147.00 price objective (up from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. BidaskClub downgraded NextEra Energy from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Barclays PLC restated an “overweight” rating and set a $150.00 price objective (up from $139.00) on shares of NextEra Energy in a research report on Sunday, April 23rd.
Shares of NextEra Energy (NYSE:NEE) traded up 0.23% during mid-day trading on Monday, hitting $147.09. The stock had a trading volume of 1,204,847 shares. NextEra Energy has a 1-year low of $110.49 and a 1-year high of $147.49. The company has a market capitalization of $69.02 billion, a P/E ratio of 16.85 and a beta of 0.32. The stock’s 50-day moving average price is $142.09 and its 200 day moving average price is $133.79.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share 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 during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the company earned $1.67 EPS. NextEra Energy’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, analysts predict 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. Stockholders of record on Friday, August 25th will be paid a $0.9825 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a dividend yield of 2.67%. NextEra Energy’s payout ratio is 45.02%.
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In other news, Director Eric E. Silagy sold 8,111 shares of the stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total value of $1,140,244.38. Following the completion of the sale, the director now owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James L. Robo sold 30,000 shares of the 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 disclosure for this sale can be found here. In the last three months, insiders sold 90,431 shares of company stock valued at $12,692,378. Insiders own 0.53% of the company’s stock.
Large investors have recently modified their holdings of the stock. Boothbay Fund Management LLC boosted its stake in shares of NextEra Energy by 129.4% in the fourth quarter. Boothbay Fund Management LLC now owns 4,878 shares of the utilities provider’s stock valued at $583,000 after buying an additional 2,752 shares during the last quarter. Shepherd Financial Partners LLC acquired a new stake in NextEra Energy during the fourth quarter valued at approximately $314,000. CAMG Solamere Management LLC acquired a new stake in NextEra Energy during the fourth quarter valued at approximately $225,000. Lebenthal Asset Management LLC boosted its stake in NextEra Energy by 0.5% in the fourth quarter. Lebenthal Asset Management LLC now owns 104,068 shares of the utilities provider’s stock valued at $12,432,000 after buying an additional 480 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in NextEra Energy during the fourth quarter valued at approximately $94,753,000. 76.72% of the stock is owned by institutional investors.
About NextEra Energy
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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