Shares of NextEra Energy Inc (NYSE:NEE) have been assigned a consensus rating of “Buy” from the seventeen brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $158.93.
A number of brokerages have commented on NEE. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday. KeyCorp reissued a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a research note on Thursday, October 12th. Bank of America began coverage on NextEra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price objective for the company. Credit Suisse Group began coverage on NextEra Energy in a research note on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price objective for the company. Finally, Guggenheim reissued a “buy” rating and issued a $177.00 price objective on shares of NextEra Energy in a research note on Wednesday, January 3rd.
Shares of NextEra Energy (NYSE:NEE) traded down $0.09 during mid-day trading on Monday, reaching $150.50. The company’s stock had a trading volume of 1,887,647 shares, compared to its average volume of 1,880,000. The company has a market capitalization of $70,790.00, a P/E ratio of 16.91, a P/E/G ratio of 2.80 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. NextEra Energy has a 1-year low of $117.88 and a 1-year high of $159.40.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were given a dividend of $0.9825 per share. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $3.93 annualized dividend and a dividend yield of 2.61%. NextEra Energy’s payout ratio is 44.16%.
In related news, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the transaction, the chief executive officer now owns 121,958 shares of the company’s stock, valued at $19,202,287.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in NEE. Hanson McClain Inc. boosted its position in shares of NextEra Energy by 6.0% during the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after buying an additional 43 shares during the last quarter. Risk Paradigm Group LLC boosted its position in shares of NextEra Energy by 108.1% during the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock valued at $125,000 after buying an additional 442 shares during the last quarter. Archford Capital Strategies LLC lifted its holdings in NextEra Energy by 76.9% during the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 4,347 shares during the period. Highstreet Asset Management Inc. bought a new stake in NextEra Energy during the second quarter worth $134,000. Finally, Horan Capital Advisors LLC. bought a new stake in NextEra Energy during the third quarter worth $134,000. 75.39% of the stock is currently owned by institutional investors.
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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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