Zacks Investment Research upgraded shares of NextEra Energy (NYSE:NEE) from a sell rating to a hold rating in a research note published on Thursday.
According to Zacks, “Shares of NextEra Energy have outperformed the Industry rally in the past 12 months. NextEra Energy’s investment to strengthen its infrastructure and ongoing capital projects, when completed, will help it serve its expanding customer base more efficiently. The company’s focus on clean energy has helped it lower emission levels, and use of new technology has saved on energy bills for its customers. The natural gas pipelines, which came online in first half of 2017, are expected to boost its performance. The company’s nature of business is subject to complex and comprehensive federal, state and other regulations. Despite investments made to strengthen its infrastructure the unpredictable nature of natural disaster could derail normal operation and impact profitability. We could also notice a decline in its fourth quarter Zacks Consensus Estimate for earnings.”
Several other research firms have also recently commented on NEE. Credit Suisse Group began coverage on NextEra Energy in a research note on Thursday, December 7th. They issued an outperform rating and a $173.00 target price on the stock. Morgan Stanley boosted their target price on NextEra Energy from $173.00 to $175.00 and gave the company an overweight rating in a research note on Wednesday, December 13th. Argus restated a buy rating and issued a $173.00 target price on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Guggenheim restated a buy rating and issued a $177.00 target price on shares of NextEra Energy in a research note on Wednesday, January 3rd. Finally, Bank of America began coverage on NextEra Energy in a research note on Tuesday, October 24th. They issued a buy rating and a $166.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. NextEra Energy currently has an average rating of Buy and an average target price of $159.56.
NextEra Energy (NYSE:NEE) traded down $0.62 during trading hours on Thursday, hitting $150.16. The stock had a trading volume of 2,250,000 shares, compared to its average volume of 1,900,000. NextEra Energy has a fifty-two week low of $117.91 and a fifty-two week high of $159.40. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. The company has a market cap of $70,630.00, a PE ratio of 16.87, a PEG ratio of 2.74 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last released 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 for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the previous year, the business posted $1.74 EPS. NextEra Energy’s revenue for the quarter was up .1% on a year-over-year basis. equities analysts anticipate that NextEra Energy will post 6.73 earnings per share for the current year.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the transaction, the chief executive officer now directly owns 121,958 shares in the company, valued at approximately $19,202,287.10. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Hanson McClain Inc. increased its position in shares of NextEra Energy by 6.0% during the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 43 shares during the last quarter. Risk Paradigm Group LLC increased its holdings in shares of NextEra Energy by 108.1% during the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 442 shares during the last quarter. Horan Capital Advisors LLC. acquired a new position in shares of NextEra Energy during the 3rd quarter worth approximately $134,000. Fieldpoint Private Securities LLC increased its holdings in shares of NextEra Energy by 84.0% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 920 shares of the utilities provider’s stock worth $135,000 after acquiring an additional 420 shares during the last quarter. Finally, Highstreet Asset Management Inc. acquired a new position in shares of NextEra Energy during the 2nd quarter worth approximately $134,000. 75.41% of the stock is currently owned by hedge funds and other institutional investors.
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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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