NextEra Energy Inc (NEE) Given Average Recommendation of “Buy” by Brokerages

NextEra Energy Inc (NYSE:NEE) has received an average recommendation of “Buy” from the fourteen research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $195.36.

Several research firms have commented on NEE. Morgan Stanley increased their target price on shares of NextEra Energy from $193.00 to $194.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Credit Suisse Group set a $199.00 target price on shares of NextEra Energy and gave the stock a “buy” rating in a research report on Monday, April 22nd. Goldman Sachs Group downgraded shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 target price on the stock. in a research report on Monday, April 8th. Finally, Wells Fargo & Co upped their price target on shares of NextEra Energy from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th.

In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $191.52, for a total transaction of $306,432.00. Following the completion of the sale, the director now directly owns 19,210 shares in the company, valued at $3,679,099.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Charles E. Sieving sold 16,446 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.08, for a total transaction of $3,290,515.68. Following the sale, the executive vice president now owns 67,900 shares of the company’s stock, valued at $13,585,432. The disclosure for this sale can be found here. Insiders have sold 240,594 shares of company stock valued at $46,236,648 over the last 90 days. Corporate insiders own 0.48% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Ellis Investment Partners LLC bought a new stake in shares of NextEra Energy in the first quarter valued at about $32,000. Acima Private Wealth LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at about $39,000. Massey Quick Simon & CO. LLC bought a new stake in shares of NextEra Energy in the first quarter valued at about $39,000. RPG Investment Advisory LLC bought a new stake in shares of NextEra Energy in the first quarter valued at about $42,000. Finally, Altshuler Shaham Ltd lifted its stake in shares of NextEra Energy by 50.0% in the first quarter. Altshuler Shaham Ltd now owns 228 shares of the utilities provider’s stock valued at $44,000 after buying an additional 76 shares during the period. Institutional investors own 75.77% of the company’s stock.

NextEra Energy stock traded up $1.72 during mid-day trading on Thursday, hitting $203.65. 39,326 shares of the company’s stock were exchanged, compared to its average volume of 1,873,609. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.46 and a quick ratio of 0.38. The company has a market capitalization of $97.19 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 3.02 and a beta of 0.28. NextEra Energy has a 1-year low of $155.06 and a 1-year high of $202.35.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.19. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. NextEra Energy had a net margin of 17.13% and a return on equity of 10.26%. During the same period in the prior year, the business posted $1.94 earnings per share. As a group, sell-side analysts anticipate that NextEra Energy will post 8.41 earnings per share for the current year.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

Featured Story: What is Cost of Goods Sold (COGS)?

Analyst Recommendations for NextEra Energy (NYSE:NEE)

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.