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

NextEra Energy, Inc. (NYSE:NEE) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $86.54.

A number of research firms have commented on NEE. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Morgan Stanley upped their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Guggenheim raised their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group initiated coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On NextEra Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Soltis Investment Advisors LLC purchased a new position in shares of NextEra Energy during the third quarter worth approximately $385,000. TD Private Client Wealth LLC grew its stake in NextEra Energy by 2.0% in the third quarter. TD Private Client Wealth LLC now owns 98,284 shares of the utilities provider’s stock worth $8,308,000 after purchasing an additional 1,932 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in NextEra Energy by 69.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 272,751 shares of the utilities provider’s stock worth $23,056,000 after purchasing an additional 111,454 shares during the period. Toronto Dominion Bank raised its position in NextEra Energy by 29.0% during the 3rd quarter. Toronto Dominion Bank now owns 894,812 shares of the utilities provider’s stock valued at $75,638,000 after purchasing an additional 201,217 shares in the last quarter. Finally, Empire Financial Management Company LLC lifted its holdings in shares of NextEra Energy by 4.1% in the 3rd quarter. Empire Financial Management Company LLC now owns 33,062 shares of the utilities provider’s stock worth $2,795,000 after buying an additional 1,293 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.1 %

NYSE:NEE opened at $76.39 on Tuesday. NextEra Energy has a one year low of $53.95 and a one year high of $86.10. The business has a fifty day moving average price of $81.43 and a 200-day moving average price of $77.60. The firm has a market capitalization of $157.09 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the prior year, the business posted $0.94 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that NextEra Energy will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

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.