A number of other equities research analysts also recently commented on the stock. StockNews.com began coverage on shares of NextEra Energy in a report on Thursday, March 31st. They set a hold rating for the company. BMO Capital Markets decreased their target price on shares of NextEra Energy from $105.00 to $93.00 in a research report on Monday, June 13th. Mizuho lowered their price objective on shares of NextEra Energy from $88.00 to $81.00 and set a buy rating for the company in a research note on Monday, April 25th. Wells Fargo & Company boosted their price target on NextEra Energy from $102.00 to $107.00 and gave the company an overweight rating in a research report on Monday, April 18th. Finally, Evercore ISI reiterated a hold rating and set a $90.00 target price on shares of NextEra Energy in a report on Friday, April 22nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $88.86.
Shares of NYSE NEE opened at $74.69 on Monday. The firm has a market capitalization of $146.73 billion, a PE ratio of 100.93, a price-to-earnings-growth ratio of 2.71 and a beta of 0.48. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.42 and a current ratio of 0.49. NextEra Energy has a fifty-two week low of $67.22 and a fifty-two week high of $93.73. The stock’s 50-day simple moving average is $74.38 and its 200-day simple moving average is $79.98.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were paid a dividend of $0.425 per share. The ex-dividend date was Friday, May 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.28%. NextEra Energy’s dividend payout ratio is currently 229.73%.
In other news, Director Kirk S. Hachigian acquired 10,000 shares of the business’s stock in a transaction on Tuesday, May 3rd. The shares were purchased at an average price of $70.19 per share, for a total transaction of $701,900.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $350,950. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.43% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Dark Forest Capital Management LP acquired a new stake in shares of NextEra Energy in the 3rd quarter valued at about $77,000. MFA Wealth Advisors LLC acquired a new stake in NextEra Energy during the third quarter valued at approximately $74,000. FinTrust Capital Advisors LLC lifted its holdings in NextEra Energy by 4.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 12,878 shares of the utilities provider’s stock worth $1,011,000 after buying an additional 545 shares during the last quarter. Nicolet Advisory Services LLC grew its position in shares of NextEra Energy by 34.7% in the 3rd quarter. Nicolet Advisory Services LLC now owns 9,240 shares of the utilities provider’s stock worth $725,000 after acquiring an additional 2,382 shares in the last quarter. Finally, Atria Investments LLC increased its holdings in shares of NextEra Energy by 7.1% in the 3rd quarter. Atria Investments LLC now owns 128,641 shares of the utilities provider’s stock valued at $10,101,000 after acquiring an additional 8,528 shares during the last quarter. 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.
- Get a free copy of the StockNews.com research report on NextEra Energy (NEE)
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