Analysts Set NextEra Energy, Inc. (NEE) Target Price at $153.83

NextEra Energy, Inc. (NYSE:NEE) has been assigned an average rating of “Buy” from the fourteen analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $153.83.

A number of research analysts recently weighed in on NEE shares. BidaskClub upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a research note on Monday, July 24th. They set a “buy” rating and a $160.00 target price on the stock. KeyCorp restated a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a research note on Friday, September 1st. Bank of America Corporation started coverage on shares of NextEra Energy in a research note on Tuesday. They set a “buy” rating and a $166.00 target price on the stock. Finally, Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th.

In other news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Charles E. Sieving sold 30,485 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the sale, the executive vice president now owns 78,167 shares in the company, valued at $11,456,155.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,385 shares of company stock worth $9,614,382. Corporate insiders own 0.53% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Day & Ennis LLC raised its position in shares of NextEra Energy by 0.6% during the 1st quarter. Day & Ennis LLC now owns 2,174 shares of the utilities provider’s stock valued at $279,000 after buying an additional 14 shares in the last quarter. Paragon Capital Management LLC raised its position in shares of NextEra Energy by 0.3% during the 1st quarter. Paragon Capital Management LLC now owns 5,349 shares of the utilities provider’s stock valued at $686,000 after buying an additional 15 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of NextEra Energy by 0.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 4,745 shares of the utilities provider’s stock valued at $665,000 after buying an additional 15 shares in the last quarter. Whalerock Point Partners LLC raised its position in shares of NextEra Energy by 0.3% during the 2nd quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock valued at $784,000 after buying an additional 15 shares in the last quarter. Finally, First Interstate Bank raised its position in shares of NextEra Energy by 1.3% during the 2nd quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock valued at $176,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 75.39% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Analysts Set NextEra Energy, Inc. (NEE) Target Price at $153.83” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://ledgergazette.com/2017/11/13/analysts-set-nextera-energy-inc-nee-target-price-at-153-83.html.

Shares of NextEra Energy (NYSE:NEE) traded up 1.60% during midday trading on Wednesday, hitting $155.84. The company had a trading volume of 1,451,836 shares. The stock has a 50 day moving average price of $149.69 and a 200 day moving average price of $143.49. NextEra Energy has a 1-year low of $110.49 and a 1-year high of $156.80. The firm has a market capitalization of $73.13 billion, a P/E ratio of 17.85 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The company had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the previous year, the company earned $1.74 EPS. NextEra Energy’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts anticipate that NextEra Energy will post $6.76 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s payout ratio is currently 44.16%.

NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

Analyst Recommendations for NextEra Energy (NYSE:NEE)

Receive News & Ratings for NextEra Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply