NextEra Energy, Inc. (NYSE:NEE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of NextEra Energy, Inc. (NYSE:NEE) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $76.50.

A number of brokerages have issued reports on NEE. BMO Capital Markets upped their target price on NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Evercore ISI upped their price target on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. Bank of America upped their price target on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. upped their price target on NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Renasant Bank increased its position in NextEra Energy by 1.0% in the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock worth $934,000 after buying an additional 142 shares during the period. Stonebridge Capital Advisors LLC grew its position in NextEra Energy by 1.8% in the first quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock valued at $513,000 after acquiring an additional 143 shares during the period. GSG Advisors LLC grew its position in NextEra Energy by 2.6% in the first quarter. GSG Advisors LLC now owns 6,509 shares of the utilities provider’s stock valued at $407,000 after acquiring an additional 162 shares during the period. Greenfield Savings Bank grew its position in NextEra Energy by 0.5% in the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after acquiring an additional 163 shares during the period. Finally, Prestige Wealth Management Group LLC grew its position in NextEra Energy by 2.5% in the first quarter. Prestige Wealth Management Group LLC now owns 6,729 shares of the utilities provider’s stock valued at $430,000 after acquiring an additional 163 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $72.81 on Friday. The business’s 50 day moving average is $72.29 and its two-hundred day moving average is $64.00. NextEra Energy has a 52-week low of $47.15 and a 52-week high of $80.47. The firm has a market cap of $149.59 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 2.58 and a beta of 0.56. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the company posted $0.84 EPS. NextEra Energy’s quarterly revenue was down 14.7% on a year-over-year basis. Analysts forecast that NextEra Energy will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio is presently 56.13%.

NextEra Energy Company Profile

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,natural gas, and other clean energy. 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.