NextEra Energy, Inc. (NYSE:NEE) Earns Buy Rating from Analysts at Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) began coverage on shares of NextEra Energy, Inc. (NYSE:NEE) in a research report report published on Monday, Marketbeat Ratings reports. The firm issued a buy rating and a $160.00 price target on the utilities provider’s stock.
Other analysts have also recently issued research reports about the company. BMO Capital Markets reaffirmed a buy rating and set a $156.00 price target (up previously from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. Royal Bank Of Canada reaffirmed a buy rating and set a $144.00 price target on shares of NextEra Energy in a research report on Tuesday, May 2nd. BidaskClub cut NextEra Energy from a strong-buy rating to a buy rating in a research report on Tuesday, June 13th. UBS AG reaffirmed a buy rating and set a $143.00 price target (up previously from $138.00) on shares of NextEra Energy in a research report on Tuesday, April 18th. Finally, Deutsche Bank AG lifted their price target on NextEra Energy from $128.00 to $132.00 and gave the stock a hold rating in a research report on Tuesday, April 11th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $148.18.
Shares of NextEra Energy (NYSE NEE) traded up 0.10% during trading on Monday, reaching $144.79. The company’s stock had a trading volume of 80,905 shares. The stock has a market cap of $67.79 billion, a price-to-earnings ratio of 17.62 and a beta of 0.31. NextEra Energy has a 12-month low of $110.49 and a 12-month high of $145.58. The company has a 50 day moving average of $141.61 and a 200-day moving average of $133.00.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a return on equity of 11.59% and a net margin of 24.26%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 EPS. Analysts forecast that NextEra Energy will post $6.72 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a $0.9825 dividend. This represents a $3.93 annualized dividend and a dividend yield of 2.72%. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
In other news, CEO Armando Pimentel, Jr. sold 5,680 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $133.11, for a total value of $756,064.80. Following the completion of the transaction, the chief executive officer now owns 79,586 shares of the company’s stock, valued at approximately $10,593,692.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the completion of the transaction, the director now directly 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. In the last three months, insiders sold 66,111 shares of company stock valued at $9,036,943. Insiders own 0.53% of the company’s stock.
Several institutional investors have recently modified their holdings of NEE. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of 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 period. Pinnacle Bank bought a new position in shares of NextEra Energy during the first quarter valued at about $161,000. Norway Savings Bank boosted its position in shares of NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock valued at $172,000 after buying an additional 18 shares during the period. Baystate Wealth Management LLC boosted its position in shares of NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock valued at $174,000 after buying an additional 441 shares during the period. Finally, Ruggie Capital Group bought a new position in shares of NextEra Energy during the first quarter valued at about $191,000. 76.82% of the stock is owned by institutional investors and hedge funds.
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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