Media coverage about NextEra Energy (NYSE:NEE) has been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NextEra Energy earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 46.4085758997402 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern’s rankings:
- Miguel Arechabala Sells 5,093 Shares of NextEra Energy Inc (NEE) Stock (americanbankingnews.com)
- NextEra Energy Inc (NEE) Insider Sells $2,077,778.72 in Stock (americanbankingnews.com)
- Housing costs are skyrocketing as mortgage rates hit 4-year high, refis hit 10-year low (finance.yahoo.com)
- Consolidated Water Hits a 52-Week High on Expansion Plans (finance.yahoo.com)
- Dominion Energy Stock: Is Its Valuation Attractive? (finance.yahoo.com)
A number of brokerages have issued reports on NEE. Morgan Stanley cut their target price on NextEra Energy from $170.00 to $168.00 and set an “overweight” rating on the stock in a research report on Thursday, March 8th. ValuEngine raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $172.00 price objective on the stock in a research report on Wednesday, February 21st. UBS assumed coverage on NextEra Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $177.00 price objective on the stock. Finally, Guggenheim reaffirmed a “buy” rating and set a $182.00 price objective on shares of NextEra Energy in a research report on Friday, January 26th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $161.75.
NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 26th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.06). The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.18 billion. NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.21 EPS. equities research analysts anticipate that NextEra Energy will post 7.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were issued a $1.11 dividend. This represents a $4.44 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.98. NextEra Energy’s dividend payout ratio is 60.66%.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 9,250 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total value of $1,404,427.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Miguel Arechabala sold 5,093 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $157.80, for a total transaction of $803,675.40. The disclosure for this sale can be found here. Insiders sold 44,245 shares of company stock worth $6,887,603 in the last three months. 0.53% of the stock is currently owned by corporate insiders.
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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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