Shares of NextEra Energy, Inc. (NYSE:NEE – Get Rating) have received a consensus rating of “Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three 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 a report on the stock in the last year is $90.63.
A number of analysts have weighed in on NEE shares. Evercore ISI restated a “hold” rating and set a $90.00 target price on shares of NextEra Energy in a report on Friday, April 22nd. Wells Fargo & Company upped their price target on NextEra Energy from $102.00 to $107.00 and gave the stock an “overweight” rating in a research report on Monday, April 18th. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Tuesday, March 29th. TheStreet downgraded NextEra Energy from a “b” rating to a “c+” rating in a research report on Thursday, April 21st. Finally, Mizuho reduced their price target on NextEra Energy from $88.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, April 25th.
NextEra Energy stock opened at $75.04 on Friday. The business has a fifty day moving average of $77.82 and a two-hundred day moving average of $81.52. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 1.16. The firm has a market cap of $147.42 billion, a P/E ratio of 101.41, a P/E/G ratio of 2.85 and a beta of 0.49. NextEra Energy has a twelve month low of $67.22 and a twelve month high of $93.73.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, May 27th. NextEra Energy’s payout ratio is 229.73%.
In other news, Director Kirk S. Hachigian bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were purchased at an average cost of $70.19 per share, with a total value of $701,900.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $350,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.38% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Private Wealth Services LLC grew its position in NextEra Energy by 0.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 62,558 shares of the utilities provider’s stock worth $5,299,000 after purchasing an additional 557 shares during the period. EverSource Wealth Advisors LLC grew its position in NextEra Energy by 11.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,696 shares of the utilities provider’s stock worth $736,000 after purchasing an additional 887 shares during the period. L.M. Kohn & Company acquired a new stake in NextEra Energy during the 1st quarter worth about $267,000. M Holdings Securities Inc. acquired a new stake in NextEra Energy during the 1st quarter worth about $1,453,000. Finally, Reynolds Investment Management Inc. acquired a new stake in NextEra Energy during the 1st quarter worth about $272,000. 77.89% of the stock is currently owned by institutional investors.
About NextEra Energy (Get Rating)
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, coal, and natural gas facilities. 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.
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