NextEra Energy, Inc. (NYSE:NEE) Given Average Rating of “Moderate Buy” by Analysts

NextEra Energy, Inc. (NYSE:NEE) has earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $77.57.

Several research firms have recently commented on NEE. Royal Bank of Canada boosted their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Wells Fargo & Company reissued an “overweight” rating and set a $95.00 target price on shares of NextEra Energy in a research report on Wednesday, June 12th. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Barclays decreased their target price on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research report on Thursday, June 13th.

Institutional Trading of NextEra Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Clear Investment Research LLC raised its position in shares of NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares during the period. BOK Financial Private Wealth Inc. bought a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $29,000. American Capital Advisory LLC raised its position in shares of NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 205 shares during the period. Stuart Chaussee & Associates Inc. raised its position in shares of NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 410 shares during the period. Finally, Valued Wealth Advisors LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $34,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 4.0 %

NEE opened at $70.80 on Friday. NextEra Energy has a 1-year low of $47.15 and a 1-year high of $80.47. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The company has a market cap of $145.46 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.51 and a beta of 0.56. The company has a fifty day moving average price of $73.25 and a two-hundred day moving average price of $64.47.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. The business’s revenue was down 14.7% compared to the same quarter last year. Analysts predict that NextEra Energy will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s payout ratio is 56.13%.

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,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.