Brokerages Set NextEra Energy Inc (NEE) Target Price at $150.73
Shares of NextEra Energy Inc (NYSE:NEE) have earned a consensus recommendation of “Buy” from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $152.75.
A number of research firms have commented on NEE. Morgan Stanley boosted their target price on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. J P Morgan Chase & Co began coverage on NextEra Energy in a research report on Thursday. They set an “overweight” rating and a $173.00 target price on the stock. KeyCorp reiterated a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a research report on Friday, September 1st. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $147.00 price target (up from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th.
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NextEra Energy (NYSE:NEE) traded down 1.03% on Tuesday, reaching $147.95. The company had a trading volume of 1,682,349 shares. The company has a market capitalization of $69.42 billion, a PE ratio of 16.95 and a beta of 0.33. The company’s 50-day moving average is $147.90 and its 200-day moving average is $138.54. NextEra Energy has a 52-week low of $110.49 and a 52-week high of $151.30.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a return on equity of 12.37% and a net margin of 18.26%. NextEra Energy’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 earnings per share. Equities analysts anticipate that NextEra Energy will post $6.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a $0.9825 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.63%. NextEra Energy’s payout ratio is currently 45.02%.
In related news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total value of $4,411,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.53% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Hanson McClain Inc. increased its stake in NextEra Energy by 6.0% in the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 43 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake 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 valued at $112,000 after purchasing an additional 71 shares during the last quarter. Archford Capital Strategies LLC increased its stake in NextEra Energy by 76.9% in the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 4,347 shares during the last quarter. Highstreet Asset Management Inc. acquired a new position in NextEra Energy in the second quarter valued at $134,000. Finally, Atlantic Trust LLC acquired a new position in NextEra Energy in the second quarter valued at $154,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.
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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