NextEra Energy, Inc. (NEE) Reaches New 12-Month High at $148.78
NextEra Energy, Inc. (NYSE:NEE) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $148.78 and last traded at $148.76, with a volume of 379,430 shares changing hands. The stock had previously closed at $148.06.
NEE has been the subject of a number of recent analyst reports. 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. Barclays PLC restated an “overweight” rating and set a $150.00 price target (up from $139.00) on shares of NextEra Energy in a research report on Sunday, April 23rd. Royal Bank Of Canada restated a “buy” rating and set a $144.00 price target on shares of NextEra Energy in a research report on Tuesday, May 2nd. Morgan Stanley boosted their price target 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, BidaskClub lowered shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $148.64.
The firm has a 50 day moving average of $143.51 and a 200-day moving average of $135.51. The firm has a market capitalization of $69.81 billion, a price-to-earnings ratio of 17.04 and a beta of 0.32.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the company posted $1.67 EPS. The business’s revenue was up 15.4% on a year-over-year basis. On average, analysts anticipate that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.
The firm also recently disclosed 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 is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.65%. NextEra Energy’s payout ratio is currently 45.02%.
In other news, Director James L. Robo sold 30,000 shares of the firm’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction dated 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 owns 26,884 shares of the company’s stock, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. Insiders sold a total of 90,431 shares of company stock valued at $12,692,378 over the last three months. Corporate insiders own 0.53% of the company’s stock.
Several large investors have recently added to or reduced their stakes in NEE. Dowling & Yahnke LLC raised its stake in NextEra Energy by 0.5% in the first quarter. Dowling & Yahnke LLC now owns 1,779 shares of the utilities provider’s stock valued at $228,000 after buying an additional 9 shares during the period. Genesee Valley Trust Co. raised its stake in NextEra Energy by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 3,133 shares of the utilities provider’s stock valued at $402,000 after buying an additional 10 shares during the period. Beese Fulmer Investment Management Inc. raised its stake in NextEra Energy by 0.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 2,199 shares of the utilities provider’s stock valued at $282,000 after buying an additional 13 shares during the period. Regentatlantic Capital LLC raised its stake in NextEra Energy by 0.4% in the first quarter. Regentatlantic Capital LLC now owns 3,468 shares of the utilities provider’s stock valued at $445,000 after buying an additional 14 shares during the period. Finally, Day & Ennis LLC raised its stake in NextEra Energy by 0.6% in the first quarter. Day & Ennis LLC now owns 2,174 shares of the utilities provider’s stock valued at $279,000 after buying an additional 14 shares during the period. Hedge funds and other institutional investors own 76.84% 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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