NextEra Energy (NYSE:NEE) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of NextEra Energy (NYSE:NEE) in a report published on Thursday, Marketbeat Ratings reports. The brokerage issued a hold rating and a $87.00 price objective on the utilities provider’s stock.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley boosted their price objective on shares of NextEra Energy from $85.00 to $87.00 and gave the company an overweight rating in a report on Friday, August 23rd. Evercore ISI boosted their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the company an in-line rating in a report on Wednesday, June 12th. Scotiabank boosted their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a sector outperform rating in a report on Tuesday, August 20th. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an overweight rating in a report on Tuesday, September 3rd. Finally, Bank of America boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company a neutral rating in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy has a consensus rating of Moderate Buy and a consensus price target of $81.87.

NextEra Energy Trading Up 0.6 %

NEE opened at $82.76 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The company has a market cap of $170.03 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The firm has a 50 day simple moving average of $78.33 and a 200 day simple moving average of $72.34. NextEra Energy has a fifty-two week low of $47.15 and a fifty-two week high of $85.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period in the previous year, the firm posted $0.88 earnings per share. On average, sell-side analysts anticipate that NextEra Energy will post 3.39 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s payout ratio is 56.13%.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of NextEra Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in NEE. Proffitt & Goodson Inc. raised its position in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. raised its position in NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares in the last quarter. Clear Investment Research LLC raised its position in NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 364 shares in the last quarter. American Capital Advisory LLC raised its position in NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 205 shares in the last quarter. Finally, Valley Wealth Managers Inc. bought a new stake in NextEra Energy during the second quarter worth $33,000. 78.72% of the stock is owned by institutional investors.

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.