NextEra Energy Inc. (NYSE:NEE) had its price objective lowered by research analysts at Deutsche Bank AG from $134.00 to $133.00 in a research report issued on Thursday. The firm presently has a “buy” rating on the stock.
A number of other research firms also recently weighed in on NEE. KeyCorp restated an “outperform” rating and issued a $134.00 target price (up previously from $126.00) on shares of NextEra Energy in a research report on Tuesday, July 5th. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Tuesday, July 5th. Morgan Stanley began coverage on NextEra Energy in a research report on Wednesday, June 29th. They issued a “hold” rating and a $146.00 price objective for the company. Mizuho boosted their price objective on NextEra Energy from $125.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, July 18th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $135.00 price objective on shares of NextEra Energy in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and an average target price of C$129.07.
NextEra Energy (NYSE:NEE) traded up 0.48% during mid-day trading on Thursday, reaching $123.32. 3,351,502 shares of the company traded hands. The company’s 50-day moving average is $125.09 and its 200-day moving average is $121.71. The stock has a market capitalization of $56.97 billion, a price-to-earnings ratio of 22.07 and a beta of 0.33. NextEra Energy has a 12-month low of $95.84 and a 12-month high of $131.98.
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NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 27th. The company reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. The company earned $3.82 billion during the quarter, compared to the consensus estimate of $4.33 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. NextEra Energy’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS. Equities analysts predict that NextEra Energy will post $6.20 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were paid a $0.87 dividend. The ex-dividend date of this dividend was Friday, August 26th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.82%. NextEra Energy’s dividend payout ratio is currently 62.59%.
In other news, Treasurer Paul I. Cutler sold 4,796 shares of the stock in a transaction on Thursday, June 30th. The stock was sold at an average price of C$130.00, for a total value of C$623,480.00. Following the sale, the treasurer now directly owns 69,977 shares of the company’s stock, valued at C$9,097,010. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Chris N. Froggatt sold 16,467 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of C$127.61, for a total value of C$2,101,353.87. Following the completion of the sale, the vice president now directly owns 22,916 shares in the company, valued at C$2,924,310.76. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in NEE. Global X Management Co. LLC boosted its stake in NextEra Energy by 242.3% in the second quarter. Global X Management Co. LLC now owns 818 shares of the company’s stock worth $107,000 after buying an additional 579 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its position in shares of NextEra Energy by 378.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 948 shares of the company’s stock worth $124,000 after buying an additional 750 shares during the last quarter. Blue Chip Partners Inc. acquired a new position in shares of NextEra Energy during the second quarter worth about $140,000. Jackson Grant Investment Advisers Inc. increased its position in shares of NextEra Energy by 7.0% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,080 shares of the company’s stock worth $141,000 after buying an additional 71 shares during the last quarter. Finally, Cribstone Capital Management LLC acquired a new position in shares of NextEra Energy during the second quarter worth about $149,000. 74.84% of the stock is currently owned by hedge funds and other institutional investors.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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