A number of other brokerages also recently weighed in on NEE. Zacks Investment Research downgraded NextEra Energy from a hold rating to a sell rating in a research report on Friday, July 22nd. KeyCorp reaffirmed an outperform rating and set a $134.00 price objective (up previously from $126.00) on shares of NextEra Energy in a research report on Tuesday, July 5th. BMO Capital Markets reaffirmed a buy rating and set a $135.00 price objective on shares of NextEra Energy in a research report on Thursday, July 28th. Deutsche Bank AG dropped their price objective on NextEra Energy from $134.00 to $133.00 and set a buy rating on the stock in a research report on Thursday, July 28th. Finally, Morgan Stanley reissued a buy rating on shares of NextEra Energy in a report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $129.26.
Shares of NextEra Energy (NYSE:NEE) opened at 122.98 on Friday. NextEra Energy has a 52-week low of $96.19 and a 52-week high of $131.98. The stock’s 50 day moving average is $123.19 and its 200 day moving average is $122.78. The stock has a market cap of $56.81 billion, a price-to-earnings ratio of 22.01 and a beta of 0.28.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter last year, the company earned $1.56 earnings per share. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. On average, equities analysts predict that NextEra Energy will post $6.20 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Friday, August 26th. NextEra Energy’s dividend payout ratio (DPR) is presently 62.59%.
In other news, VP Chris N. Froggatt sold 16,467 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $127.61, for a total value of $2,101,353.87. Following the completion of the sale, the vice president now directly owns 22,916 shares in the company, valued at $2,924,310.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.66% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. HL Financial Services LLC raised its stake in shares of NextEra Energy by 0.6% in the second quarter. HL Financial Services LLC now owns 45,170 shares of the company’s stock worth $5,890,000 after buying an additional 253 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of NextEra Energy by 56.3% in the second quarter. BNP Paribas Arbitrage SA now owns 153,197 shares of the company’s stock worth $19,977,000 after buying an additional 55,179 shares in the last quarter. Sabal Trust CO raised its stake in shares of NextEra Energy by 3.1% in the second quarter. Sabal Trust CO now owns 4,950 shares of the company’s stock worth $646,000 after buying an additional 150 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of NextEra Energy by 63.2% in the second quarter. Private Advisor Group LLC now owns 19,200 shares of the company’s stock worth $2,446,000 after buying an additional 7,438 shares in the last quarter. Finally, Citizens Financial Group Inc RI raised its stake in shares of NextEra Energy by 2.7% in the first quarter. Citizens Financial Group Inc RI now owns 98,804 shares of the company’s stock worth $11,693,000 after buying an additional 2,604 shares in the last quarter. Institutional investors and hedge funds own 74.51% of the company’s stock.
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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