Zacks Investment Research upgraded shares of NextEra Energy (NYSE:NEE) from a hold rating to a buy rating in a research report report published on Friday morning. They currently have $169.00 target price on the utilities provider’s stock.
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 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. On the flip side, the company’s nature of business is subject to complex and comprehensive federal, state and other regulations. Unpredictable impact of natural disaster could derail normal operation and impact profitability.”
A number of other research firms also recently commented on NEE. Morgan Stanley lifted their target price on NextEra Energy from $173.00 to $175.00 and gave the stock an overweight rating in a report on Wednesday, December 13th. Argus reaffirmed a buy rating and set a $173.00 target price on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a buy rating and set a $156.00 target price on shares of NextEra Energy in a report on Tuesday, November 7th. JPMorgan Chase & Co. set a $169.00 target price on NextEra Energy and gave the stock a hold rating in a report on Thursday, October 12th. Finally, Guggenheim reaffirmed a buy rating and set a $177.00 target price on shares of NextEra Energy in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $159.56.
NextEra Energy (NYSE NEE) traded down $0.18 during trading on Friday, hitting $150.32. The company had a trading volume of 1,596,600 shares, compared to its average volume of 1,900,000. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. NextEra Energy has a 12-month low of $117.88 and a 12-month high of $159.40. The firm has a market capitalization of $70,710.00, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 2.78 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the company posted $1.74 earnings per share. The company’s revenue was up .1% compared to the same quarter last year. analysts expect that NextEra Energy will post 6.73 EPS for the current fiscal year.
In other NextEra Energy news, 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 completion of the transaction, the chief executive officer now directly owns 121,958 shares of the company’s stock, valued at $19,202,287.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred on 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.
Large investors have recently made changes to their positions in the business. Achmea Investment Management B.V. increased its position in shares of NextEra Energy by 61.5% in the third quarter. Achmea Investment Management B.V. now owns 52,613 shares of the utilities provider’s stock valued at $7,708,000 after buying an additional 20,028 shares in the last quarter. Almanack Investment Partners LLC. increased its position in shares of NextEra Energy by 64.6% in the second quarter. Almanack Investment Partners LLC. now owns 2,163 shares of the utilities provider’s stock valued at $303,000 after buying an additional 849 shares in the last quarter. Colony Group LLC increased its position in shares of NextEra Energy by 806.4% in the second quarter. Colony Group LLC now owns 15,517 shares of the utilities provider’s stock valued at $2,174,000 after buying an additional 13,805 shares in the last quarter. South Dakota Investment Council purchased a new stake in shares of NextEra Energy in the third quarter valued at approximately $2,535,000. Finally, Cookson Peirce & Co. Inc. purchased a new stake in shares of NextEra Energy in the second quarter valued at approximately $9,809,000. 75.39% of the stock is owned by institutional investors.
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.
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.