NextEra Energy (NEE) Earning Favorable Press Coverage, Analysis Shows
Press coverage about NextEra Energy (NYSE:NEE) has trended positive on Sunday, according to AlphaOne. AlphaOne, a unit of Accern, rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NextEra Energy earned a news impact score of 0.35 on AlphaOne’s scale. AlphaOne also assigned media stories about the utilities provider an impact score of 83 out of 100, indicating that recent news coverage is very likely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Alpha One Sentiment Analysis’s analysis:
- NextEra Energy Inc (NEE) Needle Moving 0.16% – Lenox Ledger (lenoxledger.com)
- NextEra Energy Inc (NEE) Director Sells 52320 Shares of Stock (leisuretravelaid.com)
- Utilities Head Toward Bull Market Highs (NEE, AEP) (investopedia.com)
- Analyzing with technical analysis: NII Holdings, Inc. (NIHD), NextEra Energy, Inc. (NEE) – StockNewsMagazine (stocknewsmagazine.com)
- Shares Picking Up Steam: NextEra Energy, Inc. (NYSE:NEE) and Portland General Electric Company (NYSE:POR) – Lenox Ledger (lenoxledger.com)
Several equities analysts recently issued reports on the company. Barclays PLC reiterated an “overweight” rating and issued a $150.00 price objective (up from $139.00) on shares of NextEra Energy in a research report on Sunday, April 23rd. Deutsche Bank AG boosted their price objective on NextEra Energy from $128.00 to $132.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Morgan Stanley boosted their price objective on NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, May 8th. Royal Bank of Canada reiterated a “buy” rating and issued a $144.00 price objective on shares of NextEra Energy in a research report on Tuesday, May 2nd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $135.00 price objective on shares of NextEra Energy in a research report on Friday, March 31st. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $141.30.
NextEra Energy (NYSE:NEE) traded up 0.57% during trading on Friday, reaching $142.71. The company’s stock had a trading volume of 1,834,873 shares. The company’s 50-day moving average is $135.71 and its 200-day moving average is $126.36. The stock has a market cap of $66.81 billion, a PE ratio of 17.36 and a beta of 0.23. NextEra Energy has a 12 month low of $110.49 and a 12 month high of $142.93.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, April 21st. The utilities provider reported $1.75 EPS for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.24. NextEra Energy had a return on equity of 11.74% and a net margin of 17.92%. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter last year, the firm posted $1.55 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts expect that NextEra Energy will post $6.68 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Tuesday, May 30th will be paid a $0.9825 dividend. The ex-dividend date is Thursday, May 25th. This represents a $3.93 dividend on an annualized basis and a yield of 2.75%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.04%.
In other NextEra Energy news, EVP Miguel Arechabala sold 4,458 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $131.22, for a total value of $584,978.76. Following the completion of the sale, the executive vice president now owns 10,844 shares of the company’s stock, valued at $1,422,949.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the completion of the sale, the director now directly owns 26,884 shares of the company’s stock, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. Insiders sold 102,311 shares of company stock valued at $13,774,147 in the last three months. Insiders own 0.66% of the company’s stock.
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About NextEra Energy
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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