Somewhat Positive Media Coverage Somewhat Unlikely to Impact NextEra Energy (NEE) Share Price
News coverage about NextEra Energy (NYSE:NEE) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NextEra Energy earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 46.5783699956468 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- 3 options for 8point3 Energy Partners sale – Motley Fool (fool.com)
- NextEra Energy, Inc. (NEE) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Florida Power & Light Company honored for technology innovation to predict and prevent power outages (finance.yahoo.com)
- Consolidated Research: 2018 Summary Expectations for Flotek Industries, SuperValu, NextEra Energy, Diamondrock … – Markets Insider (markets.businessinsider.com)
- January 2020 Options Now Available For NextEra Energy (NEE) (stockoptionschannel.com)
Several equities research analysts have commented on the company. Royal Bank Of Canada restated a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a research note on Tuesday, November 7th. Bank of America Corporation assumed coverage on NextEra Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target for the company. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. KeyCorp reaffirmed a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research report on Thursday, October 12th. Finally, J P Morgan Chase & Co set a $169.00 target price on NextEra Energy and gave the stock a “hold” rating in a research report on Thursday, October 12th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $155.38.
Shares of NextEra Energy (NYSE:NEE) traded down $1.25 on Monday, reaching $156.04. The company had a trading volume of 1,077,900 shares, compared to its average volume of 1,685,002. The stock has a market capitalization of $73,400.00, a P/E ratio of 23.39, a P/E/G ratio of 3.10 and a beta of 0.31. NextEra Energy has a 1 year low of $112.63 and a 1 year high of $159.28. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. NextEra Energy’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.74 earnings per share. sell-side analysts anticipate that NextEra Energy will post 6.73 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is currently 44.16%.
In other NextEra Energy news, EVP John W. Ketchum sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $150.00, for a total transaction of $435,000.00. Following the sale, the executive vice president now owns 18,786 shares in the company, valued at $2,817,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. Insiders sold 65,385 shares of company stock valued at $9,748,482 in the last three months. 0.53% of the stock is currently owned by company insiders.
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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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