Home Energy company NextEra Energy, Inc. (NYSE:NEE) Receives Consensus ‘Moderate Buy’ Rating from Analysts

NextEra Energy, Inc. (NYSE:NEE) Receives Consensus ‘Moderate Buy’ Rating from Analysts


Shares of NextEra Energy, Inc. (NYSE:NEE – Get Rating) earned a consensus recommendation of “Hold” from the twelve rating agencies that currently cover the company, Marketbeat reports. Five equity research analysts rated the stock with a hold recommendation and four gave the company a buy recommendation. The 12-month average target price among brokerages that have covered the stock over the past year is $90.44.

NEE has been the subject of a number of recent research reports. Seaport Res Ptn downgraded NextEra Energy from a “buy” rating to a “neutral” rating in a Tuesday, July 26 research report. TheStreet upgraded shares of NextEra Energy from a “c+” rating to a “b” rating in a Friday, July 22 research report. Barclays lowered its price target on NextEra Energy shares from $90.00 to $86.00 and set an “equal weight” rating for the company in a Monday, July 18 research report. Wells Fargo & Company raised its price target on NextEra Energy shares from $107.00 to $115.00 and gave the company an “overweight” rating in a Tuesday, Aug. 9 report. Finally, Guggenheim rephrased a “buy” rating and set a target price of $91.00 on NextEra Energy shares in a Friday, July 22 report.

NextEra Energy is trading down 1.3%

Shares of NEE opened at $85.11 on Friday. The company has a market capitalization of $167.22 billion, a price-earnings ratio of 64.97, a PEG ratio of 3.25 and a beta of 0.47. The company has a debt ratio of 1.20, a current ratio of 0.53 and a quick ratio of 0.47. NextEra Energy has a 1-year low of $67.22 and a 1-year high of $93.73. The company has a 50-day moving average of $83.58 and a 200-day moving average of $79.57.

NextEra Energy (NYSE:NEE – Get Rating) last released its results on Friday, July 22. The utility provider reported EPS of $0.81 for the quarter, beating analyst consensus estimates of $0.73 by $0.08. NextEra Energy posted a net margin of 14.75% and a return on equity of 11.97%. The company posted revenue of $5.18 billion for the quarter, versus analyst estimates of $5.26 billion. During the same period last year, the company posted earnings per share of $0.71. The company’s quarterly revenue increased by 32.0% compared to the same quarter last year. On average, research analysts expect NextEra Energy to post EPS of 2.88 for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15. Investors of record on Tuesday, August 30 will receive a dividend of $0.425 per share. The ex-dividend date is Monday, August 29. This represents an annualized dividend of $1.70 and a yield of 2.00%. NextEra Energy’s dividend payout ratio (DPR) is 129.77%.

Insider Buying and Selling at NextEra Energy

Separately, CEO John W. Ketchum bought 12,909 shares in a trade that took place on Friday, July 1. The stock was purchased at an average price of $78.33 per share, for a total transaction of $1,011,161.97. As a result of the purchase, the CEO now directly owns 132,894 shares of the company, valued at $10,409,587.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. 0.43% of the shares are currently held by insiders of the company.

NextEra Energy Institutional Negotiation

Several large investors have recently increased or reduced their stake in NEE. Amundi increased its stake in NextEra Energy shares by 12.7% during the second quarter. Amundi now owns 6,090,517 shares of the utility provider worth $483,551,000 after purchasing an additional 687,503 shares during the period. Intersect Capital LLC increased its stake in NextEra Energy by 25.6% in the 2nd quarter. Intersect Capital LLC now owns 7,284 shares of the utility provider valued at $564,000 after acquiring an additional 1,484 shares during the period. Raleigh Capital Management Inc. increased its equity stake in NextEra Energy by 14.5% in Q2. Raleigh Capital Management Inc. now owns 2,643 shares of the utility provider valued at $205,000 after acquiring 335 additional shares in the last quarter. Fragasso Group Inc. increased its stake in shares of NextEra Energy by 3.6% in the second quarter. Fragasso Group Inc. now owns 71,778 shares of the utility provider worth $5,560,000 after acquiring an additional 2,496 shares during the period. Finally, Goepper Burkhardt LLC increased its stake in NextEra Energy shares by 27.6% during the second quarter. Goepper Burkhardt LLC now owns 4,620 shares of the utility provider worth $358,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 76.89% of the company’s shares.

NextEra Energy Company Profile

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NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes and sells electricity to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal and natural gas installations. It also develops, builds and operates long-term contract assets that consist of clean energy solutions, such as renewable energy generation facilities, battery storage projects and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates power generation facilities in the wholesale energy markets.

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Analyst Recommendations for NextEra Energy (NYSE:NEE)

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