NextEra Energy (NYSE:NEE) Given New $100.00 Price Target at BMO Capital Markets

NextEra Energy (NYSE:NEEGet Rating) had its target price lifted by BMO Capital Markets from $92.00 to $100.00 in a report released on Friday morning, The Fly reports. They currently have an outperform rating on the utilities provider’s stock.

Several other analysts also recently weighed in on the stock. Credit Suisse Group boosted their target price on shares of NextEra Energy from $79.00 to $98.00 in a research report on Wednesday. Seaport Res Ptn downgraded shares of NextEra Energy from a buy rating to a neutral rating in a research report on Tuesday, July 26th. KeyCorp dropped their target price on shares of NextEra Energy from $89.00 to $88.00 and set an overweight rating on the stock in a research report on Tuesday, July 19th. TheStreet raised shares of NextEra Energy from a c+ rating to a b rating in a research report on Friday, July 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $107.00 to $115.00 and gave the company an overweight rating in a research note on Tuesday, August 9th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $97.40.

NextEra Energy Stock Down 1.4 %

Shares of NextEra Energy stock opened at $84.79 on Friday. The firm’s 50 day moving average price is $85.69 and its 200-day moving average price is $80.56. The company has a quick ratio of 0.47, a current ratio of 0.53 and a debt-to-equity ratio of 1.20. NextEra Energy has a 52-week low of $67.22 and a 52-week high of $93.73. The company has a market cap of $166.59 billion, a P/E ratio of 64.73, a PEG ratio of 3.19 and a beta of 0.46.

NextEra Energy (NYSE:NEEGet Rating) last issued its quarterly earnings data on Friday, July 22nd. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. NextEra Energy had a net margin of 14.75% and a return on equity of 11.97%. The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 32.0% compared to the same quarter last year. On average, sell-side analysts predict that NextEra Energy will post 2.89 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 30th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Monday, August 29th. NextEra Energy’s dividend payout ratio is currently 129.77%.

Insider Activity at NextEra Energy

In related news, EVP Ronald R. Reagan sold 9,307 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $88.79, for a total value of $826,368.53. Following the completion of the transaction, the executive vice president now directly owns 18,176 shares in the company, valued at approximately $1,613,847.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other NextEra Energy news, EVP Ronald R. Reagan sold 9,307 shares of the company’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $88.79, for a total transaction of $826,368.53. Following the completion of the transaction, the executive vice president now directly owns 18,176 shares in the company, valued at $1,613,847.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John W. Ketchum acquired 12,909 shares of NextEra Energy stock in a transaction on Friday, July 1st. The shares were bought at an average price of $78.33 per share, with a total value of $1,011,161.97. Following the completion of the transaction, the chief executive officer now directly owns 132,894 shares of the company’s stock, valued at approximately $10,409,587.02. The disclosure for this purchase can be found here. Company insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On NextEra Energy

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of NextEra Energy by 2.0% during the first quarter. Vanguard Group Inc. now owns 182,355,161 shares of the utilities provider’s stock worth $15,447,306,000 after buying an additional 3,505,846 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of NextEra Energy by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 31,922,835 shares of the utilities provider’s stock worth $2,971,390,000 after buying an additional 796,968 shares in the last quarter. Norges Bank purchased a new stake in shares of NextEra Energy during the fourth quarter worth $2,724,059,000. Legal & General Group Plc grew its holdings in shares of NextEra Energy by 0.8% during the second quarter. Legal & General Group Plc now owns 16,099,565 shares of the utilities provider’s stock worth $1,247,074,000 after buying an additional 124,572 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of NextEra Energy by 3.9% during the first quarter. Fisher Asset Management LLC now owns 15,664,058 shares of the utilities provider’s stock worth $1,326,902,000 after buying an additional 586,815 shares in the last quarter. 76.89% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Company Profile

(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.

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