Several other analysts have also recently weighed in on NEE. BMO Capital Markets reduced their price objective on shares of NextEra Energy from $105.00 to $93.00 in a research note on Monday, June 13th. KeyCorp boosted their price objective on shares of NextEra Energy from $87.00 to $89.00 and gave the stock an overweight rating in a research note on Thursday, April 7th. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $102.00 to $107.00 and gave the stock an overweight rating in a research note on Monday, April 18th. Morgan Stanley reduced their price objective on shares of NextEra Energy from $88.00 to $86.00 and set an equal weight rating on the stock in a research note on Monday, May 23rd. Finally, TheStreet cut shares of NextEra Energy from a b rating to a c+ rating in a research note on Thursday, April 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $88.86.
Shares of NYSE:NEE opened at $77.20 on Monday. The company has a fifty day moving average of $74.27 and a 200-day moving average of $79.90. The company has a market capitalization of $151.66 billion, a PE ratio of 104.32, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.42 and a current ratio of 0.49. NextEra Energy has a 52-week low of $67.22 and a 52-week high of $93.73.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, May 27th. This represents a $1.70 dividend on an annualized basis and a yield of 2.20%. NextEra Energy’s dividend payout ratio (DPR) is currently 229.73%.
In related news, Director Kirk S. Hachigian acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The shares were bought at an average price of $70.19 per share, with a total value of $701,900.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $350,950. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.38% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in NEE. Jackson Wealth Management LLC boosted its position in shares of NextEra Energy by 275.6% during the 3rd quarter. Jackson Wealth Management LLC now owns 71,561 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 52,510 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of NextEra Energy by 295.5% in the 1st quarter. Contravisory Investment Management Inc. now owns 348 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 260 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of NextEra Energy in the 4th quarter worth about $31,000. Evolution Advisers Inc. acquired a new stake in shares of NextEra Energy in the 1st quarter worth about $33,000. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new stake in shares of NextEra Energy in the 4th quarter worth about $34,000. 77.89% of the stock is currently owned by institutional investors.
About NextEra Energy (Get Rating)
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, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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