NextEra Energy Inc (NEE) Receives Average Rating of “Buy” from Analysts

Shares of NextEra Energy Inc (NYSE:NEE) have been given an average rating of “Buy” by the seventeen analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $159.63.

Several analysts have recently issued reports on the company. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective on the stock in a research note on Tuesday, December 12th. Credit Suisse Group started coverage on NextEra Energy in a research note on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price target on the stock. Morgan Stanley raised their price target on NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Argus restated a “buy” rating and issued a $173.00 price target on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Finally, Guggenheim restated a “buy” rating and issued a $177.00 price target on shares of NextEra Energy in a research note on Wednesday, January 3rd.

In related news, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the completion of the transaction, the chief executive officer now directly owns 121,958 shares in the company, valued at approximately $19,202,287.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph T. Kelliher sold 2,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,372 shares of company stock valued at $11,517,071. 0.53% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Whalerock Point Partners LLC grew its stake in shares of NextEra Energy by 0.3% during the 2nd quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock valued at $784,000 after buying an additional 15 shares during the period. First Interstate Bank boosted its position in NextEra Energy by 1.3% during the 2nd quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 16 shares during the period. Sfmg LLC boosted its position in NextEra Energy by 0.7% during the 2nd quarter. Sfmg LLC now owns 2,679 shares of the utilities provider’s stock worth $375,000 after purchasing an additional 19 shares during the period. South Texas Money Management Ltd. boosted its position in NextEra Energy by 0.5% during the 2nd quarter. South Texas Money Management Ltd. now owns 3,604 shares of the utilities provider’s stock worth $505,000 after purchasing an additional 19 shares during the period. Finally, Savant Capital LLC boosted its position in NextEra Energy by 0.3% during the 2nd quarter. Savant Capital LLC now owns 6,181 shares of the utilities provider’s stock worth $866,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 75.39% of the company’s stock.

NextEra Energy (NYSE NEE) traded up $0.69 during trading hours on Monday, reaching $151.71. The company’s stock had a trading volume of 2,579,500 shares, compared to its average volume of 2,482,600. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. NextEra Energy has a one year low of $117.33 and a one year high of $159.40. The firm has a market capitalization of $71,430.00, a PE ratio of 17.05, a price-to-earnings-growth ratio of 2.80 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. The company had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 earnings per share. equities analysts predict that NextEra Energy will post 6.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were given a $0.9825 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a yield of 2.59%. NextEra Energy’s payout ratio is currently 44.16%.

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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.

Analyst Recommendations for NextEra Energy (NYSE:NEE)

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