NextEra Energy, Inc. (NEE) - What Are Brokerages Thinking About This Stock?

Key Points

• Analyst sentiment is broadly positive: 22 brokerages give NextEra Energy an average “Moderate Buy” rating, with 16 buys, five holds, and one strong buy. The average one-year price target is $97.80.
• NextEra reported quarterly EPS of $1.24, beating the $1.20 consensus estimate, while revenue of $8.09 billion fell short of forecasts. Revenue rose 1.6% year over year.
• The company declared a quarterly dividend of $0.6232 per share, equivalent to $2.49 annually and a 2.9% yield.

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty-two brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $97.80.

A number of analysts recently issued reports on NEE shares. Weiss Ratings downgraded NextEra Energy from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday. BTIG Research set a $106.00 price objective on shares of NextEra Energy in a research report on Thursday, October 22nd. Wells Fargo & Company raised shares of NextEra Energy to a "strong-buy" rating in a research note on Monday, October 12th. Scotiabank lowered their target price on shares of NextEra Energy from $110.00 to $99.00 and set an "outperform" rating for the company in a report on Wednesday, September 30th. Finally, HC Wainwright reaffirmed a "buy" rating on shares of NextEra Energy in a research note on Monday, July 27th.

NextEra Energy Price Performance

NEE traded down $0.12 during trading hours on Friday, hitting $85.17. The company's stock had a trading volume of 11,746,017 shares, compared to its average volume of 13,410,945. The stock has a market cap of $178.62 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 2.64 and a beta of 0.60. The business's 50-day moving average price is $80.81 and its 200-day moving average price is $87.29. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.33. NextEra Energy has a 12 month low of $74.41 and a 12 month high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. The business had revenue of $8.09 billion during the quarter, compared to analyst estimates of $8.47 billion. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. NextEra Energy's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.13 earnings per share. Sell-side analysts expect that NextEra Energy will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be paid a $0.6232 dividend. The ex-dividend date of this dividend is Friday, November 27th. This represents a $2.49 annualized dividend and a yield of 2.9%. NextEra Energy's dividend payout ratio is 44.86%.

Institutional Trading of NextEra Energy

A number of hedge funds have recently bought and sold shares of NEE. Legal & General Group Plc acquired a new position in shares of NextEra Energy in the 2nd quarter valued at $1,465,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of NextEra Energy by 5.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,302,084 shares of the utilities provider's stock worth $1,430,834,000 after acquiring an additional 895,824 shares during the period. Amundi increased its position in shares of NextEra Energy by 46.5% in the second quarter. Amundi now owns 13,329,077 shares of the utilities provider's stock valued at $1,169,839,000 after buying an additional 4,231,814 shares in the last quarter. GQG Partners LLC acquired a new position in NextEra Energy during the second quarter worth $651,293,000. Finally, Boston Partners increased its stake in NextEra Energy by 20,891.8% during the 3rd quarter. Boston Partners now owns 7,014,636 shares of the utilities provider's stock worth $532,320,000 after buying an additional 6,981,220 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Company Profile

NextEra Energy, Inc. is an energy company whose businesses include Florida Power & Light Company (FPL), a regulated electric utility, and NextEra Energy Resources, a developer and operator of energy infrastructure. FPL generates, transmits and distributes electricity to customers across Florida. NextEra Energy Resources develops and operates projects in North America, including wind and solar generation, battery storage, and natural gas and nuclear facilities. The company also invests in transmission infrastructure and provides energy-related services.

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