KeyCorp reiterated their buy rating on shares of NextEra Energy, Inc. (NYSE:NEE) in a research note released on Friday. They currently have a $155.00 target price on the utilities provider’s stock.

NEE has been the subject of a number of other research reports. Goldman Sachs Group, Inc. (The) assumed coverage on shares of NextEra Energy in a research report on Monday, July 24th. They issued a buy rating and a $160.00 price objective for the company. BidaskClub upgraded shares of NextEra Energy from a hold rating to a buy rating in a research report on Tuesday, August 8th. Royal Bank Of Canada restated an outperform rating and issued a $147.00 price objective (up previously from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. Morgan Stanley raised their price objective on shares of NextEra Energy from $161.00 to $162.00 and gave the company an overweight rating in a research report on Monday, May 8th. Finally, Wells Fargo & Company restated an outperform rating and issued a $158.00 price objective (up previously from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $149.17.

Shares of NextEra Energy (NYSE:NEE) traded down 0.23% during trading on Friday, hitting $150.16. The company had a trading volume of 1,071,762 shares. NextEra Energy has a 52-week low of $110.49 and a 52-week high of $151.30. The firm has a market capitalization of $70.46 billion, a P/E ratio of 17.20 and a beta of 0.33. The stock’s 50-day moving average is $147.07 and its 200 day moving average is $137.95.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 earnings per share. Equities research analysts predict that NextEra Energy will post $6.73 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a $0.9825 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.62%. NextEra Energy’s payout ratio is currently 45.02%.

In other NextEra Energy news, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. Hanson McClain Inc. raised its position in NextEra Energy by 6.0% in the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after buying an additional 43 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after buying an additional 71 shares during the last quarter. Highstreet Asset Management Inc. acquired a new position in NextEra Energy during the second quarter valued at $134,000. Atlantic Trust LLC acquired a new position in NextEra Energy during the second quarter valued at $154,000. Finally, Pacific Center for Financial Services raised its position in NextEra Energy by 50.1% in the second quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock valued at $160,000 after buying an additional 380 shares during the last quarter. Institutional investors own 75.64% of the company’s stock.

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.

Analyst Recommendations for NextEra Energy (NYSE:NEE)

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