Shares of NextEra Energy, Inc. (NYSE:NEE) reached a new 52-week high on Monday . The stock traded as high as $146.61 and last traded at $146.59, with a volume of 622,372 shares changing hands. The stock had previously closed at $145.12.
Several analysts have weighed in on the company. Morgan Stanley raised their price target on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Thursday. UBS AG restated a “buy” rating and set a $143.00 price target (up from $138.00) on shares of NextEra Energy in a research report on Tuesday, April 18th. Wells Fargo & Company reiterated an “outperform” rating and issued a $158.00 price objective (up from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. BidaskClub cut NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $147.00 price objective (up previously from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $148.64.
The company has a market cap of $69.06 billion, a P/E ratio of 16.86 and a beta of 0.32. The firm has a 50 day moving average of $143.37 and a 200 day moving average of $135.07.
NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.10. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 earnings per share. On average, analysts anticipate that NextEra Energy, Inc. will post $6.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.67%. NextEra Energy’s dividend payout ratio is currently 45.02%.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eric E. Silagy sold 8,111 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were 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 owns 26,884 shares in the company, valued at $3,779,352.72. The disclosure for this sale can be found here. Insiders have sold 90,431 shares of company stock valued at $12,692,378 over the last three months. 0.53% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Eastern Bank raised its stake in shares of NextEra Energy by 1.8% in the first quarter. Eastern Bank now owns 1,981 shares of the utilities provider’s stock worth $254,000 after buying an additional 35 shares during the period. Starfire Investment Advisers Inc. acquired a new position in shares of NextEra Energy during the first quarter worth approximately $218,000. Cornerstone Financial Partners LLC increased its position in shares of NextEra Energy by 13.3% in the first quarter. Cornerstone Financial Partners LLC now owns 2,877 shares of the utilities provider’s stock worth $369,000 after buying an additional 337 shares in the last quarter. Baldwin Brothers Inc. MA raised its stake in NextEra Energy by 15.2% in the first quarter. Baldwin Brothers Inc. MA now owns 13,230 shares of the utilities provider’s stock worth $1,698,000 after buying an additional 1,748 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in NextEra Energy by 1.6% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,597 shares of the utilities provider’s stock worth $1,617,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 76.72% of the company’s stock.
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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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