NextEra Energy (NEE) Reaches New 12-Month High and Low at $164.71

NextEra Energy (NYSE:NEE) shares reached a new 52-week high and low on Monday . The stock traded as low as $164.71 and last traded at $162.79, with a volume of 782257 shares trading hands. The stock had previously closed at $163.33.

Several research analysts recently weighed in on NEE shares. Argus reissued a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. Credit Suisse Group initiated coverage on NextEra Energy in a research report on Thursday, December 7th. They issued an “outperform” rating and a $173.00 target price on the stock. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target for the company in a research note on Tuesday, December 12th. Morgan Stanley upped their price target on NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Finally, Guggenheim reiterated a “buy” rating and set a $177.00 price target on shares of NextEra Energy in a research note on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. NextEra Energy presently has a consensus rating of “Buy” and an average price target of $163.13.

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The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $76,894.78, a PE ratio of 24.17, a P/E/G ratio of 2.68 and a beta of 0.23.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. equities research analysts anticipate that NextEra Energy will post 7.73 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were issued a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a yield of 2.74%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is currently 66.27%.

In other news, CEO Armando Pimentel, Jr. sold 9,250 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total value of $1,404,427.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director James L. Robo sold 18,000 shares of the firm’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $160.89, for a total value of $2,896,020.00. The disclosure for this sale can be found here. Insiders sold a total of 62,245 shares of company stock worth $9,783,623 over the last quarter. Corporate insiders own 0.53% of the company’s stock.

Large investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its holdings in NextEra Energy by 3.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 10,948 shares of the utilities provider’s stock valued at $1,604,000 after purchasing an additional 337 shares during the period. Covenant Asset Management LLC boosted its position in shares of NextEra Energy by 15.0% during the 4th quarter. Covenant Asset Management LLC now owns 2,663 shares of the utilities provider’s stock worth $416,000 after purchasing an additional 348 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of NextEra Energy by 2.8% during the 3rd quarter. IFM Investors Pty Ltd now owns 13,219 shares of the utilities provider’s stock worth $1,937,000 after purchasing an additional 354 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its position in NextEra Energy by 8.3% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 4,652 shares of the utilities provider’s stock valued at $682,000 after acquiring an additional 357 shares in the last quarter. Finally, Cetera Advisors LLC lifted its position in NextEra Energy by 3.0% in the 3rd quarter. Cetera Advisors LLC now owns 12,255 shares of the utilities provider’s stock valued at $1,798,000 after acquiring an additional 359 shares in the last quarter. Institutional investors and hedge funds own 76.38% of the company’s stock.

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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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