Somewhat Positive News Coverage Somewhat Unlikely to Affect NextEra Energy (NEE) Stock Price
Media stories about NextEra Energy (NYSE:NEE) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NextEra Energy earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 46.3634762310843 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
- NextEra Energy, Inc. (NEE) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- IIROC Trade Resumption – Fiore Gold Inc. (4-traders.com)
- NextEra CEO: More money to be spent to harden ‘last mile’ of FPL grid (palmbeachpost.com)
- 8point3 Energy Partners LP (CAFD) Ex-Dividend Date Scheduled for October 02, 2017 – Nasdaq (nasdaq.com)
- 3 High-Yield Stocks for Building a Nest Egg – Madison.com (host.madison.com)
Shares of NextEra Energy (NYSE:NEE) traded down 0.30% during mid-day trading on Friday, reaching $146.55. 1,316,760 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $148.97 and its 200-day moving average price is $139.72. NextEra Energy has a 12-month low of $110.49 and a 12-month high of $151.60. The stock has a market cap of $68.77 billion, a price-to-earnings ratio of 16.79 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.10. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 EPS. Equities research analysts forecast that NextEra Energy will post $6.73 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Wednesday, August 23rd. NextEra Energy’s dividend payout ratio is currently 45.02%.
NEE has been the topic of a number of recent analyst reports. BMO Capital Markets reissued a “buy” rating and set a $156.00 price target (up from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. BidaskClub lowered shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of NextEra Energy in a research report on Monday, July 24th. They set a “buy” rating and a $160.00 price target on the stock. KeyCorp reissued a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $151.33.
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In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John W. Ketchum sold 2,900 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $150.00, for a total transaction of $435,000.00. Following the transaction, the executive vice president now owns 18,786 shares in the company, valued at approximately $2,817,900. The disclosure for this sale can be found here. Insiders have sold a total of 63,385 shares of company stock worth $9,314,382 in the last 90 days. Company insiders own 0.53% 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.
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