NextEra Energy, Inc. (NYSE:NEE) Receives Average Rating of “Buy” from Brokerages
Shares of NextEra Energy, Inc. (NYSE:NEE) have received an average recommendation of “Buy” from the twelve research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $150.30.
NEE has been the subject of a number of recent research reports. UBS AG reissued 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 objective (up from $139.00) on shares of NextEra Energy in a research note on Sunday, April 23rd. Royal Bank Of Canada restated a “buy” rating and set a $144.00 price objective on shares of NextEra Energy in a research note on Tuesday, May 2nd. 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 note on Monday, May 8th. Finally, BidaskClub lowered shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th.
NextEra Energy (NYSE:NEE) traded down 0.59% during midday trading on Friday, hitting $146.85. 804,754 shares of the stock traded hands. The stock’s 50-day moving average price is $143.21 and its 200-day moving average price is $134.86. NextEra Energy has a 52 week low of $110.49 and a 52 week high of $148.30. The stock has a market capitalization of $68.91 billion, a P/E ratio of 16.82 and a beta of 0.32.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating 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 company 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. NextEra Energy’s revenue was up 15.4% on a year-over-year basis. Equities research analysts expect that NextEra Energy will post $6.72 EPS for the current fiscal year.
The company 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 dividend of $0.9825 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a yield of 2.66%. NextEra Energy’s dividend payout ratio is currently 45.02%.
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In other NextEra Energy news, Director James L. Robo sold 52,320 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $136.48, for a total transaction of $7,140,633.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,431 shares of company stock valued at $12,692,378. 0.53% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Wade G W & Inc. raised its stake in shares of NextEra Energy by 1.2% in the first quarter. Wade G W & Inc. now owns 10,628 shares of the utilities provider’s stock worth $1,364,000 after buying an additional 130 shares in the last quarter. Baldwin Brothers Inc. MA raised its stake in shares of 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 in the last quarter. Moody Lynn & Lieberson LLC raised its stake in shares of NextEra Energy by 48.7% in the first quarter. Moody Lynn & Lieberson LLC now owns 2,948 shares of the utilities provider’s stock worth $378,000 after buying an additional 965 shares in the last quarter. National Investment Services Inc. WI raised its stake in shares of NextEra Energy by 14.6% in the first quarter. National Investment Services Inc. WI now owns 21,056 shares of the utilities provider’s stock worth $2,703,000 after buying an additional 2,677 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of NextEra Energy during the first quarter worth approximately $431,000. Hedge funds and other institutional investors own 76.72% of the company’s stock.
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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