Published On: Sun, Sep 18th, 2016

NextEra Energy Inc. (NEE) PT Lowered to $133.00 at Deutsche Bank AG

NextEra Energy Inc. (NYSE:NEE) had its price objective decreased by equities research analysts at Deutsche Bank AG from $134.00 to $133.00 in a research note issued on Thursday. The firm presently has a “buy” rating on the stock.
Several other research analysts also recently weighed in on the company. BMO Capital Markets restated a “buy” rating and set a $135.00 target price on shares of NextEra Energy in a research note on Thursday, July 28th. Zacks Investment Research downgraded NextEra Energy from a “hold” rating to a “sell” rating in a research note on Friday, July 22nd. Mizuho boosted their target price on NextEra Energy from $125.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, July 18th. KeyCorp restated an “outperform” rating and set a $134.00 target price (up from $126.00) on shares of NextEra Energy in a research note on Tuesday, July 5th. Finally, Morgan Stanley started coverage on NextEra Energy in a research note on Wednesday, June 29th. They set a “hold” rating and a $146.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. NextEra Energy presently has a consensus rating of “Buy” and an average price target of C$129.07.
NextEra Energy (NYSE:NEE) traded up 0.48% during mid-day trading on Thursday, hitting $123.32. The company had a trading volume of 3,351,502 shares. The company has a 50-day moving average price of $125.09 and a 200 day moving average price of $121.71. The firm has a market capitalization of $56.97 billion, a P/E 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 announced its earnings results on Wednesday, July 27th. The company reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the business earned $1.56 EPS. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. Equities analysts forecast that NextEra Energy will post $6.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th were issued a dividend of $0.87 per share. The ex-dividend date was Friday, August 26th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.82%. NextEra Energy’s payout ratio is currently 62.59%.
In other NextEra Energy news, VP Chris N. Froggatt sold 16,467 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of C$127.61, for a total transaction of C$2,101,353.87. Following the completion of the transaction, the vice president now owns 22,916 shares of the company’s stock, valued at C$2,924,310.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer Paul I. Cutler sold 4,796 shares of the stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of C$130.00, for a total value of C$623,480.00. Following the transaction, the treasurer now directly owns 69,977 shares of the company’s stock, valued at approximately C$9,097,010. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Brown Advisory Inc. boosted its position in shares of NextEra Energy by 2.2% in the fourth quarter. Brown Advisory Inc. now owns 22,711 shares of the company’s stock worth $2,360,000 after buying an additional 498 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of NextEra Energy by 3.4% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,253,483 shares of the company’s stock worth $131,503,000 after buying an additional 40,700 shares during the last quarter. Schnieders Capital Management LLC boosted its position in shares of NextEra Energy by 4.5% in the fourth quarter. Schnieders Capital Management LLC now owns 10,554 shares of the company’s stock worth $1,096,000 after buying an additional 458 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its position in shares of NextEra Energy by 10.2% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 27,496 shares of the company’s stock worth $2,856,000 after buying an additional 2,536 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of NextEra Energy by 1.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,089 shares of the company’s stock worth $3,126,000 after buying an additional 516 shares during the last quarter. 74.84% 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 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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