NextEra Energy Inc (NYSE:NEE) shares reached a new 52-week high on Thursday . The company traded as high as $163.13 and last traded at $163.62, with a volume of 1279952 shares trading hands. The stock had previously closed at $160.08.
NEE has been the topic of a number of research analyst reports. Morgan Stanley upped their price target on shares of NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a report on Tuesday, December 12th. Guggenheim restated a “buy” rating and issued a $177.00 price target on shares of NextEra Energy in a report on Wednesday, January 3rd. Argus restated a “buy” rating and issued a $173.00 price target on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Finally, Credit Suisse Group initiated coverage on shares of NextEra Energy in a report on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price target on the stock. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $163.13.
The firm has a market capitalization of $75,524.77, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 2.63 and a beta of 0.32. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.52.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.06). The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.18 billion. NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 earnings per share. analysts predict that NextEra Energy Inc will post 7.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th were given a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a dividend yield of 2.72%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 38.98%.
In other NextEra Energy news, EVP Miguel Arechabala sold 5,093 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $157.80, for a total transaction of $803,675.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total transaction of $1,404,427.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,245 shares of company stock valued at $9,783,623. Insiders own 0.53% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Millennium Management LLC increased its holdings in NextEra Energy by 243.4% in the 4th quarter. Millennium Management LLC now owns 1,465,988 shares of the utilities provider’s stock worth $228,973,000 after buying an additional 1,039,072 shares during the period. Standard Life Aberdeen plc grew its stake in shares of NextEra Energy by 104.7% during the 4th quarter. Standard Life Aberdeen plc now owns 1,666,351 shares of the utilities provider’s stock worth $260,326,000 after purchasing an additional 852,434 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of NextEra Energy by 26.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock worth $548,102,000 after purchasing an additional 777,351 shares during the period. Patten Group Inc. grew its stake in shares of NextEra Energy by 7,613.6% during the 3rd quarter. Patten Group Inc. now owns 686,048 shares of the utilities provider’s stock worth $1,326,000 after purchasing an additional 677,154 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in NextEra Energy by 136.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 740,823 shares of the utilities provider’s stock valued at $108,568,000 after acquiring an additional 426,932 shares during the period. 76.36% of the stock is owned by hedge funds and other institutional investors.
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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.
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