NextEra Energy (NEE) Hits New 52-Week High at $184.17

Shares of NextEra Energy Inc (NYSE:NEE) hit a new 52-week high during trading on Tuesday . The company traded as high as $184.17 and last traded at $183.44, with a volume of 77264 shares. The stock had previously closed at $182.49.

A number of analysts have recently commented on the company. Barclays upped their target price on NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. Royal Bank of Canada upped their target price on NextEra Energy to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Argus upped their target price on NextEra Energy from $184.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Credit Suisse Group reduced their price target on NextEra Energy from $185.00 to $173.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. Finally, Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price target for the company in a report on Friday, October 12th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. NextEra Energy presently has a consensus rating of “Buy” and a consensus target price of $175.00.

The firm has a market capitalization of $86.85 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 2.79 and a beta of 0.14. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 0.72.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.03. The company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.92 billion. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. NextEra Energy’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.85 EPS. On average, research analysts predict that NextEra Energy Inc will post 7.78 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be issued a $1.11 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $4.44 dividend on an annualized basis and a yield of 2.44%. NextEra Energy’s payout ratio is 66.27%.

In other NextEra Energy news, EVP Charles E. Sieving sold 19,731 shares of the stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $180.10, for a total transaction of $3,553,553.10. Following the completion of the transaction, the executive vice president now owns 68,245 shares of the company’s stock, valued at $12,290,924.50. 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 7,639 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $173.30, for a total value of $1,323,838.70. Following the transaction, the treasurer now directly owns 98,914 shares of the company’s stock, valued at approximately $17,141,796.20. The disclosure for this sale can be found here. Insiders sold a total of 70,941 shares of company stock valued at $12,375,100 in the last ninety days. 0.55% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the business. Great Lakes Advisors LLC raised its holdings in shares of NextEra Energy by 136.4% during the third quarter. Great Lakes Advisors LLC now owns 7,299 shares of the utilities provider’s stock valued at $1,223,000 after acquiring an additional 4,212 shares during the last quarter. Central Bank & Trust Co. grew its position in shares of NextEra Energy by 749.1% in the third quarter. Central Bank & Trust Co. now owns 26,814 shares of the utilities provider’s stock valued at $4,494,000 after purchasing an additional 23,656 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of NextEra Energy in the third quarter valued at approximately $233,000. Vanguard Group Inc. grew its position in shares of NextEra Energy by 2.0% in the third quarter. Vanguard Group Inc. now owns 41,214,999 shares of the utilities provider’s stock valued at $6,907,634,000 after purchasing an additional 815,916 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of NextEra Energy by 1.3% in the third quarter. Legal & General Group Plc now owns 2,828,418 shares of the utilities provider’s stock valued at $474,016,000 after purchasing an additional 36,359 shares in the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.

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NextEra Energy Company Profile (NYSE:NEE)

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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