NextEra Energy, Inc. (NYSE:NEE) Receives Average Recommendation of “Moderate Buy” from Analysts
NextEra Energy, Inc. (NYSE:NEE – Get Free Report) has earned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $73.08.
A number of research analysts have issued reports on NEE shares. Scotiabank reduced their target price on shares of NextEra Energy from $105.00 to $96.00 in a research note on Thursday, September 28th. The Goldman Sachs Group reduced their target price on shares of NextEra Energy from $83.00 to $72.00 and set a “buy” rating for the company in a research note on Monday, October 2nd. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 29th. Bank of America reduced their price target on shares of NextEra Energy from $76.00 to $53.00 in a research note on Wednesday, October 4th. Finally, StockNews.com lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th.
Read Our Latest Research Report on NEE
Insider Activity
In other news, major shareholder Nextera Energy Inc purchased 3,097,524 shares of the business’s stock in a transaction dated Friday, October 6th. The shares were acquired at an average price of $24.21 per share, for a total transaction of $74,991,056.04. Following the completion of the acquisition, the insider now directly owns 4,097,524 shares of the company’s stock, valued at $99,201,056.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.
Institutional Investors Weigh In On NextEra Energy
A number of large investors have recently made changes to their positions in the company. Phoenix Holdings Ltd. raised its holdings in shares of NextEra Energy by 1.9% during the third quarter. Phoenix Holdings Ltd. now owns 85,368 shares of the utilities provider’s stock valued at $4,891,000 after acquiring an additional 1,572 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of NextEra Energy by 2.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 206,009 shares of the utilities provider’s stock valued at $11,802,000 after acquiring an additional 5,168 shares during the period. Fidelity D & D Bancorp Inc. purchased a new position in NextEra Energy during the third quarter valued at approximately $372,000. Trust Co. of Vermont grew its position in NextEra Energy by 11.8% during the third quarter. Trust Co. of Vermont now owns 244,306 shares of the utilities provider’s stock valued at $13,996,000 after purchasing an additional 25,765 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its position in NextEra Energy by 20,939.2% during the third quarter. EP Wealth Advisors LLC now owns 1,216,907 shares of the utilities provider’s stock valued at $69,717,000 after purchasing an additional 1,211,123 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.
NextEra Energy Trading Down 0.8 %
NYSE NEE opened at $58.67 on Tuesday. NextEra Energy has a one year low of $47.15 and a one year high of $88.61. The company has a 50-day simple moving average of $55.99 and a 200-day simple moving average of $65.91. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.43 and a current ratio of 0.50. The firm has a market capitalization of $120.37 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.32 and a beta of 0.51.
NextEra Energy (NYSE:NEE – Get Free Report) last posted its earnings results on Tuesday, October 24th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.08. The firm had revenue of $7.17 billion during the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a net margin of 27.82% and a return on equity of 12.15%. NextEra Energy’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. On average, equities analysts forecast that NextEra Energy will post 3.12 earnings per share for the current year.
NextEra Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.4675 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.19%. NextEra Energy’s payout ratio is currently 49.47%.
About NextEra Energy (Get Free Report
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, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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