NextEra Energy’s (NEE) “Buy” Rating Reaffirmed at Mizuho
NEE has been the topic of several other research reports. Zacks Investment Research lowered NextEra Energy from a buy rating to a hold rating in a research note on Tuesday, July 12th. Deutsche Bank AG cut their price target on NextEra Energy from $134.00 to $133.00 and set a buy rating on the stock in a research note on Thursday, July 28th. BMO Capital Markets reaffirmed a buy rating and set a $135.00 price target on shares of NextEra Energy in a research note on Thursday, July 28th. Bank of America Corp. reaffirmed a buy rating and set a $149.00 price target on shares of NextEra Energy in a research note on Tuesday, September 27th. Finally, Morgan Stanley assumed coverage on NextEra Energy in a research note on Wednesday, June 29th. They set a hold rating and a $146.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued 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 a consensus price target of $129.26.
Shares of NextEra Energy (NYSE:NEE) traded up 0.22% during midday trading on Friday, reaching $122.01. The company’s stock had a trading volume of 770,497 shares. The stock has a 50-day moving average of $123.40 and a 200 day moving average of $122.68. The company has a market cap of $56.37 billion, a price-to-earnings ratio of 21.83 and a beta of 0.28. NextEra Energy has a 12 month low of $96.19 and a 12 month high of $131.98.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $4.33 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The business’s revenue was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.56 earnings per share. On average, analysts predict that NextEra Energy will post $6.20 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 30th were given a dividend of $0.87 per share. The ex-dividend date was Friday, August 26th. This represents a $3.48 annualized dividend and a yield of 2.86%. NextEra Energy’s dividend payout ratio (DPR) is presently 62.59%.
In related 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 $127.61, for a total transaction of $2,101,353.87. Following the completion of the transaction, the vice president now directly owns 22,916 shares of the company’s stock, valued at $2,924,310.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.66% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of NEE. Global X Management Co. LLC boosted its position in shares of NextEra Energy by 242.3% in the second quarter. Global X Management Co. LLC now owns 818 shares of the company’s stock valued at $107,000 after buying an additional 579 shares during the period. Riggs Asset Managment Co. Inc. boosted its position in shares of NextEra Energy by 378.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 948 shares of the company’s stock valued at $124,000 after buying an additional 750 shares during the period. Blue Chip Partners Inc. bought a new position in shares of NextEra Energy during the second quarter valued at approximately $140,000. Jackson Grant Investment Advisers Inc. boosted its position in shares of NextEra Energy by 7.0% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,080 shares of the company’s stock valued at $141,000 after buying an additional 71 shares during the period. Finally, Cribstone Capital Management LLC bought a new position in shares of NextEra Energy during the second quarter valued at approximately $149,000. 74.51% of the stock is owned by hedge funds and other institutional investors.
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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