NextEra Energy Inc (NEE) Given Consensus Recommendation of “Buy” by Analysts
NextEra Energy Inc (NYSE:NEE) has been assigned a consensus rating of “Buy” from the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $178.75.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $204.00 price objective for the company in a report on Monday, December 17th. Guggenheim reiterated a “buy” rating and issued a $205.00 price objective on shares of NextEra Energy in a report on Monday, January 7th. Argus increased their price objective on shares of NextEra Energy from $184.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Barclays increased their price objective on shares of NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a report on Monday, November 19th. Finally, Credit Suisse Group increased their price objective on shares of NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a report on Wednesday, December 12th.
NEE traded up $1.43 on Tuesday, hitting $184.04. 2,203,311 shares of the company’s stock were exchanged, compared to its average volume of 2,306,713. The firm has a market cap of $87.96 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 2.81 and a beta of 0.26. NextEra Energy has a twelve month low of $151.32 and a twelve month high of $185.11. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.72.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.72%. This is a boost from NextEra Energy’s previous quarterly dividend of $1.11. NextEra Energy’s dividend payout ratio (DPR) is presently 57.66%.
In related news, EVP Charles E. Sieving sold 19,731 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $180.10, for a total value of $3,553,553.10. Following the completion of the sale, the executive vice president now owns 68,245 shares in the company, valued at approximately $12,290,924.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James L. Robo sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $180.67, for a total transaction of $3,252,060.00. The disclosure for this sale can be found here. Insiders have sold 74,678 shares of company stock valued at $13,469,072 over the last 90 days. 0.55% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the stock. Acima Private Wealth LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $39,000. Westside Investment Management Inc. lifted its holdings in shares of NextEra Energy by 62.9% in the fourth quarter. Westside Investment Management Inc. now owns 259 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 100 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in shares of NextEra Energy in the fourth quarter worth about $46,000. PRW Wealth Management LLC bought a new position in shares of NextEra Energy in the fourth quarter worth about $49,000. Finally, Contravisory Investment Management Inc. lifted its holdings in shares of NextEra Energy by 161.8% in the fourth quarter. Contravisory Investment Management Inc. now owns 288 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 178 shares during the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.
NextEra Energy Company Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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