Wells Fargo & Company reaffirmed their outperform rating on shares of NextEra Energy, Inc. (NYSE:NEE) in a research note released on Monday morning. The firm currently has a $158.00 target price on the utilities provider’s stock, up from their previous target price of $150.00.
Several other brokerages have also recently commented on NEE. Deutsche Bank AG raised their price objective on shares of NextEra Energy from $128.00 to $132.00 and gave the company a hold rating in a research note on Tuesday, April 11th. Royal Bank Of Canada reiterated a buy rating and issued a $144.00 price objective on shares of NextEra Energy in a research note on Tuesday, May 2nd. Zacks Investment Research cut shares of NextEra Energy from a buy rating to a hold rating in a research note on Monday, April 3rd. Mizuho raised their price objective on shares of NextEra Energy from $138.00 to $141.00 and gave the company a buy rating in a research note on Monday, March 20th. Finally, BidaskClub cut shares of NextEra Energy from a strong-buy rating to a buy rating in a research note on Tuesday, June 13th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $143.70.
NextEra Energy (NYSE NEE) opened at 141.59 on Monday. The company’s 50 day moving average is $138.71 and its 200 day moving average is $128.81. NextEra Energy has a 52-week low of $110.49 and a 52-week high of $143.19. The firm has a market cap of $66.29 billion, a P/E ratio of 17.23 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, April 21st. The utilities provider reported $1.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.24. NextEra Energy had a net margin of 23.58% and a return on equity of 11.82%. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter last year, the business earned $1.55 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts forecast that NextEra Energy will post $6.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Tuesday, May 30th were given a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Thursday, May 25th. NextEra Energy’s payout ratio is currently 47.87%.
In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of NextEra Energy stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the completion of the transaction, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph T. Kelliher sold 8,068 shares of NextEra Energy stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $130.67, for a total transaction of $1,054,245.56. Following the transaction, the executive vice president now owns 38,634 shares of the company’s stock, valued at approximately $5,048,304.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,179 shares of company stock valued at $10,091,188. 0.53% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after buying an additional 71 shares during the last quarter. Pacific Center for Financial Services acquired a new position in shares of NextEra Energy during the fourth quarter worth about $136,000. Pinnacle Bank acquired a new position in shares of NextEra Energy during the first quarter worth about $161,000. Baystate Wealth Management LLC boosted its position in shares of NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock worth $174,000 after buying an additional 441 shares during the last quarter. Finally, Norway Savings Bank boosted its position in shares of NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock worth $172,000 after buying an additional 18 shares during the last quarter. Institutional investors own 77.90% of the company’s stock.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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