NextEra Energy, Inc. (NYSE:NEE)‘s stock had its “buy” rating reissued by equities researchers at Royal Bank Of Canada in a note issued to investors on Tuesday, November 7th. They currently have a $156.00 target price on the utilities provider’s stock. Royal Bank Of Canada’s target price indicates a potential downside of 0.03% from the company’s current price.
Several other research analysts have also weighed in on NEE. Bank of America Corporation initiated coverage on shares of NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price objective for the company. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. KeyCorp reissued a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a report on Thursday, October 12th. J P Morgan Chase & Co set a $169.00 price target on shares of NextEra Energy and gave the company a “hold” rating in a report on Thursday, October 12th. Finally, Morgan Stanley lifted their price target on shares of NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, September 8th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. NextEra Energy has an average rating of “Buy” and a consensus price target of $155.38.
NextEra Energy (NYSE NEE) opened at $156.04 on Tuesday. NextEra Energy has a one year low of $112.63 and a one year high of $159.28. 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 cap of $73,400.84, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 3.10 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter last year, the firm posted $1.74 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. equities analysts expect that NextEra Energy will post 6.73 EPS for the current year.
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In related news, EVP Charles E. Sieving sold 30,485 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the completion of the transaction, the executive vice president now directly owns 78,167 shares in the company, valued at approximately $11,456,155.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James L. Robo sold 30,000 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total transaction of $4,545,600.00. The disclosure for this sale can be found here. Insiders sold 65,385 shares of company stock valued at $9,748,482 over the last three months. Insiders own 0.53% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Hanson McClain Inc. raised its stake in shares of NextEra Energy by 6.0% in the 2nd 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 holdings in shares of NextEra Energy by 8.9% in the 1st 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 during the last quarter. Risk Paradigm Group LLC grew its holdings in shares of NextEra Energy by 108.1% in the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 442 shares during the last quarter. Archford Capital Strategies LLC grew its holdings in shares of NextEra Energy by 76.9% in the 2nd 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 during the last quarter. Finally, Highstreet Asset Management Inc. bought a new stake in shares of NextEra Energy in the 2nd quarter worth about $134,000. Institutional investors own 74.55% of the company’s stock.
About NextEra Energy
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.
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