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

Shares of NextEra Energy Inc (NYSE:NEE) have been given an average recommendation of “Buy” by the fourteen analysts that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $178.75.

NEE has been the topic of several recent analyst reports. Morgan Stanley raised their price objective on NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 12th. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 target price for the company in a report on Wednesday, January 30th. Guggenheim reaffirmed a “buy” rating and set a $205.00 target price on shares of NextEra Energy in a report on Monday, January 7th. Credit Suisse Group lifted their target price on NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a report on Wednesday, December 12th. Finally, Barclays lifted their target price on NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a report on Monday, November 19th.

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In related news, EVP Charles E. Sieving sold 19,731 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $180.10, for a total transaction of $3,553,553.10. Following the completion of the transaction, the executive vice president now owns 68,245 shares in the company, valued at $12,290,924.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 35,347 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were 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 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 74,678 shares of company stock valued at $13,469,072 in the last three months. 0.55% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in NEE. Ceredex Value Advisors LLC lifted its holdings in NextEra Energy by 24.4% in the third quarter. Ceredex Value Advisors LLC now owns 631,886 shares of the utilities provider’s stock valued at $105,904,000 after acquiring an additional 123,836 shares during the period. Rehmann Capital Advisory Group raised its stake in shares of NextEra Energy by 2.0% in the third quarter. Rehmann Capital Advisory Group now owns 11,132 shares of the utilities provider’s stock worth $1,866,000 after buying an additional 223 shares during the period. Hexavest Inc. bought a new position in shares of NextEra Energy in the fourth quarter worth about $68,255,000. Evermay Wealth Management LLC raised its stake in shares of NextEra Energy by 26.6% in the fourth quarter. Evermay Wealth Management LLC now owns 6,552 shares of the utilities provider’s stock worth $1,139,000 after buying an additional 1,376 shares during the period. Finally, Merit Financial Group LLC raised its stake in shares of NextEra Energy by 63.4% in the third quarter. Merit Financial Group LLC now owns 3,746 shares of the utilities provider’s stock worth $627,000 after buying an additional 1,454 shares during the period. Institutional investors own 77.71% of the company’s stock.

NYSE:NEE traded up $1.43 on Tuesday, reaching $184.04. 2,203,311 shares of the stock traded hands, compared to its average volume of 2,306,713. The company has a market capitalization of $87.96 billion, a PE ratio of 23.90, a P/E/G ratio of 2.81 and a beta of 0.26. NextEra Energy has a 1-year low of $151.32 and a 1-year high of $185.11. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.29 and a current ratio of 0.36.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 25th. The utilities provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.84 billion. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business earned $1.25 EPS. Research analysts predict that NextEra Energy will post 8.39 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 28th will be issued a dividend of $1.25 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $1.11. This represents a $5.00 annualized dividend and a dividend yield of 2.72%. NextEra Energy’s payout ratio is presently 57.66%.

About NextEra Energy

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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Analyst Recommendations for NextEra Energy (NYSE:NEE)

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