Shares of NextEra Energy, Inc. (NYSE:NEE – Get Rating) earned a consensus “moderate buy” recommendation from the ten analysts who currently cover the stock, MarketBeat.com reports. Three equity research analysts rated the stock with a hold recommendation and four gave the company a buy recommendation. The 12-month average price target among brokers who have covered the stock over the past year is $88.86.
NEE has been the subject of several recent analyst reports. Credit Suisse Group set a target price of $76.00 on shares of NextEra Energy in a Monday, June 20 research note. KeyCorp raised its price target on NextEra Energy shares from $87.00 to $89.00 and gave the company an “overweight” rating in a Thursday, April 7 research note. Evercore ISI reaffirmed a “hold” rating and issued a target price of $90.00 on NextEra Energy shares in a research note on Friday, April 22. Wells Fargo & Company raised its price target on NextEra Energy shares from $102.00 to $107.00 and gave the stock an “overweight” rating in a Monday, April 18 research note. Finally, TheStreet downgraded shares of NextEra Energy from a “b” rating to a “c+” rating in a Thursday, April 21 research note.
Insider buying and selling
In other NextEra Energy news, Director Kirk S. Hachigian purchased 10,000 shares of NextEra Energy in a trade that took place on Tuesday, May 3. The shares were purchased at an average price of $70.19 per share, with a total value of $701,900.00. Following the completion of the acquisition, the administrator now directly owns 5,000 shares of the company, valued at approximately $350,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. In other NextEra Energy news, CEO John W. Ketchum purchased 12,909 shares of NextEra Energy in a trade that took place on Friday, July 1. The shares were purchased at an average price of $78.33 per share, with a total value of $1,011,161.97. Following the completion of the acquisition, the CEO now directly owns 132,894 shares of the company, valued at approximately $10,409,587.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, director Kirk S. Hachigian purchased 10,000 shares of NextEra Energy in a trade that took place on Tuesday, May 3. The shares were acquired at an average cost of $70.19 per share, with a total value of $701,900.00. Following the acquisition, the director now owns 5,000 shares of the company, valued at $350,950. Disclosure of this purchase can be found here. 0.38% of the shares are currently held by company insiders.
Institutional entries and exits
A number of institutional investors and hedge funds have recently increased or reduced their stake in NEE. Contravisory Investment Management Inc. increased its stake in NextEra Energy by 295.5% in the first quarter. Contravisory Investment Management Inc. now owns 348 shares of the utility provider valued at $29,000 after buying an additional 260 shares last quarter. Northwest Investment Counselors LLC bought a new position in NextEra Energy in the fourth quarter worth $31,000. Evolution Advisers Inc. bought a new position in NextEra Energy in the first quarter worth $33,000. Comprehensive Financial Consultants Institutional Inc. bought a new position in NextEra Energy in the fourth quarter worth $34,000. Finally, PYA Waltman Capital LLC bought a new position in NextEra Energy in the first quarter worth $36,000. Hedge funds and other institutional investors hold 77.89% of the company’s shares.
NextEra Energy Price Performance
NYSE NEE opened at $78.71 on Friday. The company has a debt ratio of 1.16, a quick ratio of 0.42 and a current ratio of 0.49. The company’s 50-day moving average price is $75.56 and its 200-day moving average price is $78.60. NextEra Energy has a 52-week low of $67.22 and a 52-week high of $93.73. The company has a market capitalization of $154.63 billion, a PE ratio of 106.36, a P/E/G ratio of 3.02 and a beta of 0.45.
NextEra Energy (NYSE:NEE – Get Rating) last announced its results on Thursday, April 21. The utility provider reported earnings per share of $0.74 for the quarter, beating the consensus estimate of $0.69 by $0.05. The company posted revenue of $2.89 billion in the quarter, versus a consensus estimate of $5.16 billion. NextEra Energy posted a net margin of 8.97% and a return on equity of 11.49%. During the same period last year, the company earned earnings per share of $0.67. Sell-side analysts expect NextEra Energy to post EPS of 2.84 for the current fiscal year.
NextEra Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15. Investors of record on Tuesday, May 31 received a dividend of $0.425 per share. The ex-dividend date was Friday, May 27. This represents an annualized dividend of $1.70 and a dividend yield of 2.16%. NextEra Energy’s dividend payout ratio (DPR) is currently 229.73%.
NextEra Energy Company Profile
(Get an evaluation)
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes and sells electricity to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal and natural gas installations. It also develops, builds and operates long-term contract assets that consist of clean energy solutions, such as renewable energy generation facilities, battery storage projects and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates power generation facilities in the wholesale energy markets.
Get news and reviews for NextEra Energy Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for NextEra Energy and related companies with MarketBeat.com’s free daily email newsletter.