NextEra Energy Inc. (NEE) Stock Rating Reaffirmed by Mizuho
NextEra Energy Inc. (NYSE:NEE)‘s stock had its “buy” rating restated by equities research analysts at Mizuho in a report issued on Friday. They presently have a $138.00 price target on the stock. Mizuho’s target price would indicate a potential upside of 12.40% from the company’s previous close.
NEE has been the subject of several other reports. Deutsche Bank AG downgraded NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price target for the company. in a report on Friday, September 23rd. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Bank of America Corp. restated a “buy” rating and issued a $149.00 price target on shares of NextEra Energy in a report on Tuesday, September 27th. KeyCorp restated an “outperform” rating and issued a $134.00 price target (up from $126.00) on shares of NextEra Energy in a report on Tuesday, July 5th. Finally, Morgan Stanley restated a “buy” rating on shares of NextEra Energy in a report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $129.26.
NextEra Energy (NYSE:NEE) opened at 122.78 on Friday. NextEra Energy has a 52 week low of $96.19 and a 52 week high of $131.98. The company has a market capitalization of $56.72 billion, a P/E ratio of 21.97 and a beta of 0.28. The company has a 50 day moving average price of $123.34 and a 200-day moving average price of $122.79.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.10. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The company earned $3.82 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the prior year, the company earned $1.56 earnings per share. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. On average, equities analysts anticipate that NextEra Energy will post $6.20 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were given a $0.87 dividend. The ex-dividend date was Friday, August 26th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.83%. NextEra Energy’s payout ratio is 62.59%.
In other news, VP Chris N. Froggatt sold 16,467 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $127.61, for a total value of $2,101,353.87. Following the completion of the sale, the vice president now directly owns 22,916 shares of the company’s stock, valued at $2,924,310.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.66% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC raised its position in shares of NextEra Energy by 157.5% in the third quarter. Advisory Services Network LLC now owns 7,747 shares of the company’s stock worth $948,000 after buying an additional 4,739 shares during the period. Bremer Trust National Association raised its position in shares of NextEra Energy by 0.9% in the third quarter. Bremer Trust National Association now owns 7,186 shares of the company’s stock worth $879,000 after buying an additional 61 shares during the period. First National Bank of Mount Dora Trust Investment Services raised its position in shares of NextEra Energy by 6.2% in the third quarter. First National Bank of Mount Dora Trust Investment Services now owns 6,177 shares of the company’s stock worth $756,000 after buying an additional 363 shares during the period. LVM Capital Management Ltd. MI raised its position in shares of NextEra Energy by 5.3% in the third quarter. LVM Capital Management Ltd. MI now owns 7,900 shares of the company’s stock worth $810,000 after buying an additional 400 shares during the period. Finally, Bath Savings Trust Co raised its position in shares of NextEra Energy by 0.3% in the third quarter. Bath Savings Trust Co now owns 38,513 shares of the company’s stock worth $4,711,000 after buying an additional 117 shares during the period. Institutional investors own 74.51% of the company’s stock.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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