Bank of America Corp. reaffirmed their buy rating on shares of NextEra Energy Inc. (NYSE:NEE) in a research report released on Tuesday morning. Bank of America Corp. currently has a $149.00 target price on the stock.
Other analysts have also issued research reports about the company. Mizuho boosted their target price on NextEra Energy from $125.00 to $138.00 and gave the company a buy rating in a research report on Monday, July 18th. Zacks Investment Research lowered NextEra Energy from a hold rating to a sell rating in a research report on Friday, July 22nd. BMO Capital Markets reissued a buy rating and issued a $135.00 target price on shares of NextEra Energy in a research report on Thursday, July 28th. Morgan Stanley assumed coverage on NextEra Energy in a research report on Wednesday, June 29th. They issued a hold rating and a $146.00 target price on the stock. Finally, Deutsche Bank AG reissued a buy rating and issued a $123.00 target price on shares of NextEra Energy in a research report on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of C$129.26.
Shares of NextEra Energy (NYSE:NEE) opened at 126.48 on Tuesday. NextEra Energy has a 52-week low of $95.84 and a 52-week high of $131.98. The stock has a 50 day moving average price of $124.49 and a 200-day moving average price of $122.55. The firm has a market cap of $58.43 billion, a PE ratio of 22.63 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 27th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $4.33 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.56 earnings per share. On average, equities analysts anticipate that NextEra Energy will post $6.20 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were issued a $0.87 dividend. The ex-dividend date was Friday, August 26th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.75%. NextEra Energy’s payout ratio is 62.59%.
In other news, VP Chris N. Froggatt sold 16,467 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of C$127.61, for a total value of C$2,101,353.87. Following the completion of the sale, the vice president now directly owns 22,916 shares of the company’s stock, valued at C$2,924,310.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.66% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. AMP Capital Investors Ltd boosted its stake in shares of NextEra Energy by 32.9% in the first quarter. AMP Capital Investors Ltd now owns 333,339 shares of the company’s stock worth $39,503,000 after buying an additional 82,436 shares during the last quarter. National Pension Service boosted its stake in shares of NextEra Energy by 4.1% in the first quarter. National Pension Service now owns 237,508 shares of the company’s stock worth $28,107,000 after buying an additional 9,426 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of NextEra Energy by 2.6% in the first quarter. Legal & General Group Plc now owns 2,268,138 shares of the company’s stock worth $268,404,000 after buying an additional 56,865 shares during the last quarter. Carroll Financial Associates Inc. boosted its stake in shares of NextEra Energy by 3.0% in the second quarter. Carroll Financial Associates Inc. now owns 2,384 shares of the company’s stock worth $310,000 after buying an additional 70 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its stake in shares of NextEra Energy by 640.5% in the second quarter. CIBC World Markets Inc. now owns 27,887 shares of the company’s stock worth $3,636,000 after buying an additional 24,121 shares during the last quarter. 74.51% of the stock is owned by institutional investors and hedge funds.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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