NextEra Energy (NEE) Sets New 12-Month High at $166.85

NextEra Energy Inc (NYSE:NEE) shares reached a new 52-week high on Monday . The stock traded as high as $166.85 and last traded at $166.57, with a volume of 86426 shares traded. The stock had previously closed at $164.88.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $182.00 price objective on the stock in a research report on Wednesday, April 4th. Morgan Stanley reduced their price target on shares of NextEra Energy from $172.00 to $169.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 13th. ValuEngine upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $170.00 to $171.00 and gave the company an “overweight” rating in a research report on Thursday, April 26th. Finally, KeyCorp increased their price target on shares of NextEra Energy from $165.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, April 18th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $170.64.

The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.46 and a current ratio of 0.59. The stock has a market cap of $77.35 billion, a P/E ratio of 24.89, a P/E/G ratio of 2.46 and a beta of 0.25.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 24th. The utilities provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.16. NextEra Energy had a net margin of 48.13% and a return on equity of 10.91%. The business had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the business earned $1.75 earnings per share. The business’s quarterly revenue was down 2.7% on a year-over-year basis. equities analysts expect that NextEra Energy Inc will post 7.73 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Tuesday, June 5th were issued a $1.11 dividend. This represents a $4.44 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Monday, June 4th. NextEra Energy’s dividend payout ratio is 66.27%.

In other news, CEO Armando Pimentel, Jr. sold 8,336 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $157.15, for a total value of $1,310,002.40. Following the transaction, the chief executive officer now owns 77,139 shares in the company, valued at $12,122,393.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James L. Robo sold 81,489 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $156.81, for a total transaction of $12,778,290.09. The disclosure for this sale can be found here. Insiders sold 118,939 shares of company stock worth $18,698,946 in the last 90 days. Company insiders own 0.55% of the company’s stock.

Several institutional investors have recently modified their holdings of NEE. Inverness Counsel LLC NY lifted its stake in NextEra Energy by 19.0% in the first quarter. Inverness Counsel LLC NY now owns 2,060 shares of the utilities provider’s stock worth $336,000 after acquiring an additional 329 shares during the period. Colonial Trust Advisors lifted its position in NextEra Energy by 5.1% during the fourth quarter. Colonial Trust Advisors now owns 7,435 shares of the utilities provider’s stock valued at $1,161,000 after buying an additional 363 shares during the period. NEXT Financial Group Inc lifted its position in NextEra Energy by 14.6% during the first quarter. NEXT Financial Group Inc now owns 3,006 shares of the utilities provider’s stock valued at $491,000 after buying an additional 384 shares during the period. M Holdings Securities Inc. lifted its position in NextEra Energy by 14.3% during the fourth quarter. M Holdings Securities Inc. now owns 3,105 shares of the utilities provider’s stock valued at $1,681,000 after buying an additional 388 shares during the period. Finally, Stanley Laman Group Ltd. lifted its position in NextEra Energy by 5.8% during the first quarter. Stanley Laman Group Ltd. now owns 7,105 shares of the utilities provider’s stock valued at $1,161,000 after buying an additional 392 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

About NextEra Energy

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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