NextEra Energy Inc (NYSE:NEE)‘s stock had its “overweight” rating reaffirmed by analysts at Barclays PLC in a report released on Sunday, April 23rd. They currently have a $150.00 price target on the utilities provider’s stock, up from their previous price target of $139.00. Barclays PLC’s price objective would indicate a potential upside of 8.42% from the stock’s current price.
Several other brokerages also recently issued reports on NEE. Deutsche Bank AG upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Monday, January 30th. Royal Bank of Canada restated a “buy” rating and set a $143.00 price objective on shares of NextEra Energy in a research report on Tuesday, February 7th. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 3rd. Mizuho increased their price target on shares of NextEra Energy from $138.00 to $141.00 and gave the stock a “buy” rating in a research report on Monday, March 20th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $135.00 price target on shares of NextEra Energy in a research report on Friday, March 31st. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and an average price target of $141.30.
Shares of NextEra Energy (NYSE:NEE) traded up 0.77% during midday trading on Friday, hitting $138.35. The company had a trading volume of 2,137,382 shares. The stock has a market capitalization of $64.77 billion, a price-to-earnings ratio of 16.83 and a beta of 0.23. The stock’s 50-day moving average price is $132.99 and its 200-day moving average price is $125.13. NextEra Energy has a one year low of $110.49 and a one year high of $138.58.
NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, April 21st. The utilities provider reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.24. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.99 billion. NextEra Energy had a net margin of 17.92% and a return on equity of 11.74%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.55 earnings per share. Analysts predict that NextEra Energy will post $6.68 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Tuesday, May 30th will be given a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, May 25th. NextEra Energy’s payout ratio is currently 56.04%.
In related news, CEO Armando Pimentel, Jr. sold 5,680 shares of the business’s stock in a transaction on Thursday, May 4th. The shares were 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 directly owns 79,586 shares in the company, valued at approximately $10,593,692.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William H. Swanson acquired 3,860 shares of NextEra Energy stock in a transaction on Friday, February 24th. The shares were bought at an average price of $128.86 per share, with a total value of $497,399.60. Following the completion of the transaction, the director now directly owns 25,180 shares of the company’s stock, valued at approximately $3,244,694.80. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 94,200 shares of company stock worth $12,633,902. Insiders own 0.66% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in 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 worth $112,000 after buying an additional 71 shares during the last quarter. Flow Traders U.S. LLC bought a new position in NextEra Energy during the third quarter worth approximately $129,000. James Investment Research Inc. boosted its position in NextEra Energy by 47.2% in the third quarter. James Investment Research Inc. now owns 1,073 shares of the utilities provider’s stock worth $131,000 after buying an additional 344 shares during the last quarter. Pacific Center for Financial Services bought a new position in NextEra Energy during the fourth quarter worth approximately $136,000. Finally, Woodmont Investment Counsel LLC bought a new position in NextEra Energy during the third quarter worth approximately $138,000. 73.69% of the stock is currently owned by institutional investors.
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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