NextEra Energy, Inc. (NYSE:NEE) Receives Average Recommendation of “Moderate Buy” from Analysts

NextEra Energy, Inc. (NYSE:NEE) has received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $86.85.

Several equities research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Scotiabank raised their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Guggenheim raised their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Barclays raised their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NextEra Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its stake in shares of NextEra Energy by 26.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 147,600 shares of the utilities provider’s stock valued at $9,433,000 after buying an additional 30,457 shares during the period. Lake Street Advisors Group LLC boosted its stake in shares of NextEra Energy by 90.7% during the 1st quarter. Lake Street Advisors Group LLC now owns 26,660 shares of the utilities provider’s stock valued at $1,704,000 after buying an additional 12,681 shares during the period. Pitcairn Co. boosted its stake in shares of NextEra Energy by 3.1% during the 1st quarter. Pitcairn Co. now owns 32,608 shares of the utilities provider’s stock valued at $2,084,000 after buying an additional 985 shares during the period. Evermay Wealth Management LLC lifted its stake in shares of NextEra Energy by 2.8% in the 1st quarter. Evermay Wealth Management LLC now owns 22,234 shares of the utilities provider’s stock valued at $1,421,000 after purchasing an additional 607 shares during the last quarter. Finally, Crewe Advisors LLC acquired a new stake in shares of NextEra Energy in the 1st quarter valued at $336,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $76.00 on Tuesday. The firm’s 50 day moving average is $80.90 and its two-hundred day moving average is $77.71. NextEra Energy has a 52 week low of $53.95 and a 52 week high of $86.10. The firm has a market capitalization of $156.29 billion, a P/E ratio of 22.49, a PEG ratio of 2.79 and a beta of 0.57. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the business earned $0.94 earnings per share. NextEra Energy’s revenue was up 5.5% compared to the same quarter last year. Analysts anticipate that NextEra Energy will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.71%. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.