Home Energy company NextEra Energy, Inc. (NYSE:NEE) Receives Consensus “Moderate Buy” Recommendation From Brokerages

NextEra Energy, Inc. (NYSE:NEE) Receives Consensus “Moderate Buy” Recommendation From Brokerages

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Shares of NextEra Energy, Inc. (NYSE:NEE – Get Rating) have earned a consensus “moderate buy” rating from the ten analysts who currently cover the company, Marketbeat Ratings reports. Three analysts gave the stock a hold rating and four gave the company a buy rating. The year-over-year average price target among brokerages that have updated their coverage on the stock over the past year is $88.86.

A number of research analysts have weighed in on NEE shares. Evercore ISI reiterated a “hold” rating and issued a $90.00 price target on NextEra Energy shares in a research note on Friday, April 22. KeyCorp raised its price target on NextEra Energy from $87.00 to $89.00 and gave the stock an “overweight” rating in a Thursday, April 7 research note. Wells Fargo & Company raised its price target on NextEra Energy from $102.00 to $107.00 and gave the stock an “overweight” rating in a Monday, April 18 research note. Credit Suisse Group set a price target of $76.00 on NextEra Energy in a Monday, June 20 research note. Finally, StockNews.com began covering NextEra Energy in a research note on Thursday, March 31. They issued a “hold” rating for the company.

Performance of NextEra energy stocks

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NextEra Energy stock opened at $78.71 on Friday. The company has a debt ratio of 1.16, a current ratio of 0.49 and a quick ratio of 0.42. The stock has a fifty-day moving average price of $75.56 and a two-hundred-day moving average price of $78.60. NextEra Energy has a 52-week low of $67.22 and a 52-week high of $93.73. The company has a market capitalization of $154.63 billion, a P/E ratio of 106.36, a P/E/G ratio of 3.02 and a beta of 0.45.

NextEra Energy (NYSE:NEE – Get Rating) last released its quarterly results on Thursday, April 21. The utility provider reported EPS of $0.74 for the quarter, beating analyst consensus estimates of $0.69 by $0.05. NextEra Energy achieved a return on equity of 11.49% and a net margin of 8.97%. The company posted revenue of $2.89 billion for the quarter, versus analyst estimates of $5.16 billion. In the same quarter last year, the company posted earnings per share of $0.67. As a group, analysts expect NextEra Energy to post EPS of 2.84 for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Tuesday, May 31 received a dividend of $0.425. The ex-dividend date was Friday, May 27. This represents an annualized dividend of $1.70 and a yield of 2.16%. NextEra Energy’s payout ratio is currently 229.73%.

Insider Trading at NextEra Energy

In other NextEra Energy news, Director Kirk S. Hachigian purchased 10,000 shares of the company in a trade that took place on Tuesday, May 3. The stock was purchased at an average cost of $70.19 per share, with a total value of $701,900.00. Following the completion of the transaction, the director now owns 5,000 shares of the company, valued at approximately $350,950. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. In other NextEra Energy news, CEO John W. Ketchum acquired 12,909 shares of the company in a deal that took place Friday, July 1. The stock was purchased at an average price of $78.33 per share, with a total value of $1,011,161.97. Following the completion of the purchase, the CEO now owns 132,894 shares of the company, valued at $10,409,587.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, director Kirk S. Hachigian acquired 10,000 shares of the company in a transaction that took place on Tuesday, May 3. The shares were acquired at an average cost of $70.19 per share, with a total value of $701,900.00. Following the purchase, the director now directly owns 5,000 shares of the company, valued at approximately $350,950. Disclosure of this purchase can be found here. Insiders of the company own 0.38% of the shares of the company.

Institutional entries and exits

Several large investors have recently changed their stock holdings. Norges Bank bought a new position in NextEra Energy during Q4, valued at approximately $2,724,059,000. Vanguard Group Inc. increased its position in NextEra Energy shares by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 182,355,161 shares of the utility provider worth $15,447,306,000 after buying 3,505,846 additional shares in the last quarter. 1832 Asset Management LP increased its stake in NextEra Energy by 29.4% in Q4. 1832 Asset Management LP now owns 9,406,722 shares of the utility provider worth $881,233,000 after acquiring 2,136,829 additional shares in the last quarter. Alphinity Investment Management Pty Ltd increased its stake in NextEra Energy by 1,709.8% in Q1. Alphinity Investment Management Pty Ltd now owns 2,225,009 shares of the utility provider worth $188,481,000 after acquiring a further 2,102,067 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in NextEra Energy during the 4th quarter at a value of $166,275,000. Hedge funds and other institutional investors hold 77.89% of the company’s shares.

About NextEra Energy

(Get a rating)

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.

Further reading

Analyst Recommendations for NextEra Energy (NYSE:NEE)

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