NextEra Energy (NEE) Sets New 1-Year High at $177.04

NextEra Energy Inc (NYSE:NEE)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $177.04 and last traded at $175.55, with a volume of 83107 shares traded. The stock had previously closed at $173.96.

A number of equities analysts have commented on NEE shares. KeyCorp lifted their price objective on shares of NextEra Energy from $168.00 to $178.00 and gave the stock an “overweight” rating in a report on Thursday, July 19th. Howard Weil started coverage on shares of NextEra Energy in a report on Tuesday, July 24th. They issued a “sector perform” rating for the company. Scotiabank started coverage on shares of NextEra Energy in a report on Tuesday, July 24th. They issued a “hold” rating and a $70.00 price objective for the company. ValuEngine raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price objective for the company in a report on Wednesday, August 8th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus price target of $174.62.

The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 0.72. The company has a market cap of $81.95 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 2.64 and a beta of 0.13.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.03. The company had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.92 billion. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period last year, the business posted $1.85 earnings per share. On average, sell-side analysts expect that NextEra Energy Inc will post 7.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be paid a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, November 29th. NextEra Energy’s payout ratio is 66.27%.

In related news, CEO Armando Pimentel, Jr. sold 4,920 shares of NextEra Energy stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $170.11, for a total transaction of $836,941.20. Following the sale, the chief executive officer now directly owns 59,969 shares in the company, valued at $10,201,326.59. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Treasurer Paul I. Cutler sold 11,016 shares of NextEra Energy stock in a transaction dated Wednesday, October 10th. The shares were sold at an average price of $175.08, for a total transaction of $1,928,681.28. Following the sale, the treasurer now owns 102,291 shares in the company, valued at $17,909,108.28. The disclosure for this sale can be found here. Insiders sold 68,210 shares of company stock worth $11,744,017 over the last quarter. 0.55% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of NEE. Principal Financial Group Inc. raised its stake in shares of NextEra Energy by 3.2% during the first quarter. Principal Financial Group Inc. now owns 1,641,235 shares of the utilities provider’s stock valued at $268,063,000 after purchasing an additional 51,158 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of NextEra Energy by 27.3% during the second quarter. Fisher Asset Management LLC now owns 2,229 shares of the utilities provider’s stock valued at $372,000 after purchasing an additional 478 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of NextEra Energy by 3.5% during the second quarter. Xact Kapitalforvaltning AB now owns 50,218 shares of the utilities provider’s stock valued at $8,388,000 after purchasing an additional 1,699 shares in the last quarter. Catawba Capital Management VA raised its stake in shares of NextEra Energy by 42.2% during the second quarter. Catawba Capital Management VA now owns 1,852 shares of the utilities provider’s stock valued at $309,000 after purchasing an additional 550 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in shares of NextEra Energy by 20.7% during the second quarter. First Citizens Bank & Trust Co. now owns 5,417 shares of the utilities provider’s stock valued at $904,000 after purchasing an additional 928 shares in the last quarter. Institutional investors and hedge funds own 75.46% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “NextEra Energy (NEE) Sets New 1-Year High at $177.04” was reported by WKRB News and is the property of of WKRB News. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://www.wkrb13.com/2018/11/09/nextera-energy-nee-sets-new-1-year-high-at-177-04.html.

NextEra Energy Company Profile (NYSE:NEE)

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.

See Also: How to Use a Moving Average for Trading 

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply