Guggenheim reaffirmed their buy rating on shares of NextEra Energy (NYSE:NEE) in a research note published on Monday morning. Guggenheim currently has a $205.00 price target on the utilities provider’s stock.
A number of other research firms also recently issued reports on NEE. Credit Suisse Group cut their price objective on shares of NextEra Energy from $185.00 to $173.00 and set an outperform rating on the stock in a report on Wednesday, October 24th. Zacks Investment Research cut NextEra Energy from a buy rating to a hold rating in a research note on Tuesday, December 18th. Argus lifted their target price on NextEra Energy from $184.00 to $190.00 and gave the stock a buy rating in a research note on Wednesday, October 31st. Royal Bank of Canada lifted their target price on NextEra Energy to $186.00 and gave the stock an outperform rating in a research note on Thursday, November 1st. Finally, Barclays lifted their target price on NextEra Energy from $182.00 to $187.00 and gave the stock a hold rating in a research note on Monday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. NextEra Energy currently has an average rating of Buy and a consensus target price of $179.15.
Shares of NEE stock traded up $0.62 during trading hours on Monday, hitting $173.41. 26,400 shares of the company were exchanged, compared to its average volume of 2,407,667. The company has a market cap of $82.46 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 2.39 and a beta of 0.22. NextEra Energy has a fifty-two week low of $145.10 and a fifty-two week high of $184.20. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 0.72.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.03. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter last year, the firm posted $1.85 EPS. NextEra Energy’s revenue was down 8.1% compared to the same quarter last year. Analysts anticipate that NextEra Energy will post 7.77 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 17th. Stockholders of record on Friday, November 30th were issued a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, November 29th. NextEra Energy’s payout ratio is 66.27%.
In other news, CEO Armando Pimentel, Jr. sold 4,920 shares of the business’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $170.11, for a total transaction of $836,941.20. Following the completion of the transaction, the chief executive officer now owns 59,969 shares of the company’s stock, valued at $10,201,326.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Armando Pimentel, Jr. sold 35,347 shares of the business’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $180.81, for a total value of $6,391,091.07. Following the transaction, the chief executive officer now directly owns 94,596 shares of the company’s stock, valued at approximately $17,103,902.76. The disclosure for this sale can be found here. Insiders have sold 79,598 shares of company stock valued at $14,306,013 in the last three months. 0.55% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Capital Advisors Ltd. LLC boosted its stake in NextEra Energy by 323.5% in the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock worth $109,000 after buying an additional 495 shares in the last quarter. Private Ocean LLC boosted its stake in NextEra Energy by 154.2% in the third quarter. Private Ocean LLC now owns 778 shares of the utilities provider’s stock worth $130,000 after buying an additional 472 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in NextEra Energy in the third quarter worth approximately $168,000. Atlantic Trust LLC purchased a new stake in NextEra Energy in the second quarter worth approximately $184,000. Finally, Lenox Wealth Advisors LLC boosted its stake in NextEra Energy by 548.0% in the third quarter. Lenox Wealth Advisors LLC now owns 1,134 shares of the utilities provider’s stock worth $190,000 after buying an additional 959 shares in the last quarter. 75.75% of the stock is owned by institutional investors.
NextEra Energy Company Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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