Mizuho restated their buy rating on shares of NextEra Energy Inc. (NYSE:NEE) in a research report released on Friday. Mizuho currently has a $138.00 price objective on the stock.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut NextEra Energy from a hold rating to a sell rating in a report on Friday, July 22nd. BMO Capital Markets restated a buy rating and set a $135.00 price target on shares of NextEra Energy in a report on Thursday, July 28th. Morgan Stanley initiated coverage on NextEra Energy in a report on Wednesday, June 29th. They issued a hold rating and a $146.00 target price on the stock. Deutsche Bank AG cut their target price on NextEra Energy from $134.00 to $133.00 and set a buy rating on the stock in a report on Thursday, July 28th. Finally, KeyCorp reiterated an outperform rating and issued a $134.00 target price (up from $126.00) on shares of NextEra Energy in a report on Tuesday, July 5th. 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 issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $129.26.
NextEra Energy (NYSE:NEE) opened at 121.15 on Friday. NextEra Energy has a 1-year low of $96.19 and a 1-year high of $131.98. The company has a market cap of $55.97 billion, a price-to-earnings ratio of 21.68 and a beta of 0.28. The company’s 50-day moving average is $123.23 and its 200 day moving average is $122.78.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $4.33 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.56 EPS. On average, equities analysts predict that NextEra Energy will post $6.20 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, August 26th. NextEra Energy’s dividend payout ratio is presently 62.59%.
In other news, VP Chris N. Froggatt sold 16,467 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $127.61, for a total transaction of $2,101,353.87. Following the completion of the sale, the vice president now directly owns 22,916 shares of the company’s stock, valued at approximately $2,924,310.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.66% of the company’s stock.
Large investors have recently made changes to their positions in the company. 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 valued at $5,890,000 after buying an additional 253 shares during the period. 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 valued at $19,977,000 after buying an additional 55,179 shares during the period. 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 valued at $646,000 after buying an additional 150 shares during the period. 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 valued at $2,446,000 after buying an additional 7,438 shares during the period. 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 valued at $11,693,000 after buying an additional 2,604 shares during the period. 74.51% of the stock is owned by institutional investors.
NextEra Energy Company Profile