NextEra Energy (NYSE: NEE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm currently has $ 169.00. Zacks Investment Research ‘S price objective indicates a potential upside of 12.43% from the stock’s previous close.
According to Zacks, “Shares of NextEra Energy have outperformed the industry’s rally in the last 12 months. Investments made by the company to strengthen its infrastructure and ongoing capital projects, when completed, will help it expand its customer base more efficiently. The company’s focus on clean energy. The natural gas pipelines, which are available in the first half of 2017, are expected to boost its performance. On the flip side, the company is subject to complex and comprehensive federal, state and other regulations. Unpredictable impact of natural disaster could derail normal operation and impact profitability. ”
Several other analysts also recently weighed in on NEE. Guggenheim reiterated a “buy” rating and set a $ 177.00 target price on shares NextEra Energy in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. set a $ 169.00 target price on NextEra Energy and gave a hold on a research report on Thursday, October 12th. Royal Bank of Canada reiterated a “buy” rating and set a $ 156.00 target price on shares NextEra Energy in a research report on Tuesday, November 7th. KeyCorp reiterated a “buy” rating and set a $ 155.00 target price on shares NextEra Energy in a research report on Thursday, October 12th. Finally, Credit Suisse Group began coverage on NextEra Energy in a research report on Thursday, December 7th. They set an “outperform” rating and a $ 173.00 target price for the company. Two investment analysts have rated the stock with a hold. The company has a consensus rating of “Buy” and a consensus price target of $ 159.56. Shares of NextEra Energy ( NYSE NEE ) opened at $ 150.32 on Friday. NextEra Energy has a 52-week low of $ 117.88 and a high of $ 159.40. The firm has a market capitalization of $ 70,710.00, a price-to-earnings ratio of 16.89, a PEG ratio of 2.78 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. NextEra Energy (NYSE: NEE) last released its earnings on Thursday, October 26th. The utilities provider reported $ 1.85 per share for the quarter, topping the consensus estimate of $ 1.77 per $ 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 the consensus estimate of $ 4.89 billion. During the same period last year, the company earned $ 1.74 per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. NextEra Energy will post 6.73 EPS for the current year.
In related news, Armando Pimentel CEO, Jr. sold 42,372 shares of NextEra Energy in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $ 157.45, for a total value of $ 6,671,471.40. 121,958 shares in the company, valued at $ 19,202,287.10. The transaction was disclosed in the Securities & Exchange Commission, which is accessible through this hyperlink . Also, Director James L. Robo sold 30,000 shares of NextEra Energy in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $ 151.52, for a total value of $ 4,545,600.00. The disclosure for this sale can be found here . Insiders own 0.53% of the company’s stock.
Several hedge funds have recently been added to their stakes in NEE. Hexavest Inc. raised its holdings in NextEra Energy by 1.8% in the fourth quarter. Hexavest Inc. now owns 277,552 shares of the utilities provider’s stock worth $ 43,351,000 after purchasing an additional 4,894 shares in the last quarter. Covenant Asset Management LLC raised its holdings in NextEra Energy by 15.0% in the fourth 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. Nisa Investment Advisors LLC raised its holdings in NextEra Energy by 7.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 91,949 shares of the utilities provider’s stock worth $ 14,360,000 after purchasing an additional 6,650 shares in the last quarter. KAMES CAPITAL plc bought a new position in NextEra Energy in the fourth quarter worth $ 21,184,000. Finally, Rockland Trust Co. Raised Its Holdings in NextEra Energy by 0.9% in the fourth quarter. Rockland Trust Co. now owns 60,937 shares of the utilities provider’s stock worth $ 9,518,000 after purchasing an additional 541 shares in the last quarter. Hedge funds and other institutional investors 75.39% of the company’s stock.
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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 infrastructure infrastructure assets.
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