Royal Bank Of Canada Reiterates “Buy” Rating for NextEra Energy, Inc. (NYSE:NEE)

NextEra Energy, Inc. (NYSE:NEE)‘s stock had its “buy” rating reaffirmed by stock analysts at Royal Bank Of Canada in a report released on Tuesday, November 7th. They presently have a $156.00 target price on the utilities provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential downside of 0.02% from the company’s current price.

Several other equities research analysts have also recently weighed in on NEE. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Bank of America Corporation began coverage on NextEra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price objective for the company. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Goldman Sachs Group Inc started coverage on NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 price objective for the company. Finally, KeyCorp reiterated a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and a consensus price target of $155.38.

Shares of NextEra Energy (NYSE NEE) traded up $0.89 during trading on Tuesday, hitting $156.03. The stock had a trading volume of 636,127 shares, compared to its average volume of 1,520,000. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. The firm has a market capitalization of $73,400.00, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 3.10 and a beta of 0.31. NextEra Energy has a twelve month low of $112.63 and a twelve month high of $159.28.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the prior year, the firm posted $1.74 earnings per share. The company’s revenue was up .1% on a year-over-year basis. equities research analysts expect that NextEra Energy will post 6.73 EPS for the current year.

In other news, EVP Joseph T. Kelliher sold 2,000 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Charles E. Sieving sold 30,485 shares of the stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the transaction, the executive vice president now directly owns 78,167 shares in the company, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,385 shares of company stock valued at $9,748,482. Company insiders own 0.53% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in NEE. Hanson McClain Inc. increased its position in shares of NextEra Energy by 6.0% in the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after buying an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 71 shares in the last quarter. Risk Paradigm Group LLC grew its stake in shares of NextEra Energy by 108.1% in the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 442 shares in the last quarter. Archford Capital Strategies LLC grew its stake in shares of NextEra Energy by 76.9% in the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 4,347 shares in the last quarter. Finally, Highstreet Asset Management Inc. acquired a new stake in shares of NextEra Energy in the second quarter valued at $134,000. 74.55% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Royal Bank Of Canada Reiterates “Buy” Rating for NextEra Energy, Inc. (NYSE:NEE)” was originally posted by BBNS and is owned by of BBNS. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://baseballnewssource.com/markets/nextera-energy-inc-nee-rating-reiterated-by-royal-bank-of-canada/1763212.html.

NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

Analyst Recommendations for NextEra Energy (NYSE:NEE)

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

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.