Guggenheim restated their buy rating on shares of NextEra Energy (NYSE:NEE) in a report issued on Wednesday, January 3rd. They currently have a $177.00 target price on the utilities provider’s stock.
NEE has been the topic of several other research reports. KeyCorp restated a buy rating and issued a $155.00 target price on shares of NextEra Energy in a research note on Thursday, October 12th. Bank of America began coverage on shares of NextEra Energy in a research note on Tuesday, October 24th. They issued a buy rating and a $166.00 target price on the stock. Zacks Investment Research downgraded shares of NextEra Energy from a buy rating to a hold rating in a research note on Wednesday, January 3rd. Credit Suisse Group started coverage on shares of NextEra Energy in a research note on Thursday, December 7th. They issued an outperform rating and a $173.00 target price on the stock. Finally, JPMorgan Chase & Co. set a $169.00 price target on NextEra Energy and gave the company a hold rating in a report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $159.63.
NextEra Energy (NYSE:NEE) traded down $0.09 on Wednesday, reaching $150.50. 1,885,200 shares of the company’s stock were exchanged, compared to its average volume of 1,880,000. NextEra Energy has a 1 year low of $117.88 and a 1 year high of $159.40. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. The firm 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.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the company earned $1.74 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. analysts forecast that NextEra Energy will post 6.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were issued a $0.9825 dividend. The ex-dividend date was Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.61%. NextEra Energy’s dividend payout ratio is 44.16%.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the sale, the chief executive officer now directly owns 121,958 shares of the company’s stock, valued at $19,202,287.10. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.
Several hedge funds have recently made changes to their positions in NEE. Hanson McClain Inc. increased its stake in shares of NextEra Energy by 6.0% in the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 43 shares during the last quarter. Risk Paradigm Group LLC increased its stake in shares of NextEra Energy by 108.1% in the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 442 shares during the last quarter. Archford Capital Strategies LLC increased its stake in shares of NextEra Energy by 76.9% in the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock valued at $128,000 after acquiring an additional 4,347 shares during the last quarter. Highstreet Asset Management Inc. bought a new stake in shares of NextEra Energy in the 2nd quarter valued at about $134,000. Finally, Horan Capital Advisors LLC. acquired a new position in shares of NextEra Energy in the 3rd quarter valued at approximately $134,000. 75.39% of the stock is 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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