NextEra Energy (NYSE:NEE) had its price target boosted by Morgan Stanley from $207.00 to $209.00 in a research report report published on Friday, BenzingaRatingsTable reports. They currently have an overweight rating on the utilities provider’s stock.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut NextEra Energy from a buy rating to a hold rating in a research note on Friday, March 29th. Goldman Sachs Group cut NextEra Energy from a conviction-buy rating to a buy rating and set a $194.00 price target on the stock. in a research note on Monday, April 8th. Credit Suisse Group set a $199.00 price target on NextEra Energy and gave the stock a buy rating in a research note on Monday, April 22nd. Scotiabank raised NextEra Energy from a sector perform rating to an outperform rating and lifted their price target for the stock from $187.00 to $202.00 in a research note on Wednesday, May 8th. Finally, KeyCorp started coverage on NextEra Energy in a research note on Tuesday, June 4th. They issued an overweight rating and a $225.00 price target on the stock. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $206.85.
NYSE:NEE opened at $208.20 on Friday. The stock has a 50 day moving average price of $200.68. The company has a market cap of $99.40 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 3.14 and a beta of 0.26. NextEra Energy has a 1-year low of $163.51 and a 1-year high of $208.65. The company has a quick ratio of 0.38, a current ratio of 0.46 and a debt-to-equity ratio of 0.79.
NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.19. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. NextEra Energy had a return on equity of 10.26% and a net margin of 17.13%. During the same quarter in the previous year, the company posted $1.94 EPS. On average, research analysts anticipate that NextEra Energy will post 8.34 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $5.00 annualized dividend and a dividend yield of 2.40%. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.
In other news, EVP Charles E. Sieving sold 5,916 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $192.20, for a total transaction of $1,137,055.20. Following the transaction, the executive vice president now directly owns 51,454 shares of the company’s stock, valued at $9,889,458.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph T. Kelliher sold 5,741 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $207.26, for a total value of $1,189,879.66. Following the transaction, the executive vice president now directly owns 37,235 shares in the company, valued at $7,717,326.10. The disclosure for this sale can be found here. Insiders have sold 92,216 shares of company stock worth $18,269,058 over the last three months. Insiders own 0.48% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of NEE. First Manhattan Co. boosted its position in shares of NextEra Energy by 2.1% during the first quarter. First Manhattan Co. now owns 4,510 shares of the utilities provider’s stock valued at $872,000 after purchasing an additional 93 shares in the last quarter. Sowell Financial Services LLC boosted its position in shares of NextEra Energy by 7.3% during the fourth quarter. Sowell Financial Services LLC now owns 2,635 shares of the utilities provider’s stock valued at $458,000 after purchasing an additional 180 shares in the last quarter. Great Lakes Advisors LLC boosted its position in shares of NextEra Energy by 18.4% during the first quarter. Great Lakes Advisors LLC now owns 10,653 shares of the utilities provider’s stock valued at $2,059,000 after purchasing an additional 1,652 shares in the last quarter. Covington Capital Management boosted its position in shares of NextEra Energy by 1.8% during the fourth quarter. Covington Capital Management now owns 85,166 shares of the utilities provider’s stock valued at $14,804,000 after purchasing an additional 1,483 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in shares of NextEra Energy by 23.6% during the first quarter. Pictet Asset Management Ltd. now owns 2,021,758 shares of the utilities provider’s stock valued at $390,846,000 after purchasing an additional 385,763 shares in the last quarter. 75.83% of the stock is currently owned by hedge funds and other institutional investors.
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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