NextEra Energy, Inc. (NYSE:NEE) has received an average rating of “Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $148.67.
A number of brokerages have commented on NEE. Royal Bank Of Canada reiterated an “outperform” rating and issued a $147.00 target price (up from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. BidaskClub downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. BMO Capital Markets reiterated a “buy” rating and issued a $156.00 target price (up from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Wells Fargo & Company reiterated an “outperform” rating and issued a $158.00 target price (up from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. Finally, Morgan Stanley boosted their target price on shares of NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, May 8th.
Shares of NextEra Energy (NYSE:NEE) traded up 1.18% during mid-day trading on Monday, reaching $143.48. 1,570,007 shares of the company traded hands. The stock has a market capitalization of $67.17 billion, a PE ratio of 17.46 and a beta of 0.31. The firm has a 50 day moving average of $141.33 and a 200-day moving average of $132.18. NextEra Energy has a 52 week low of $110.49 and a 52 week high of $144.87.
NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, April 21st. The utilities provider reported $1.75 EPS for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.24. The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.99 billion. NextEra Energy had a net margin of 23.58% and a return on equity of 11.82%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 earnings per share. On average, equities research analysts expect that NextEra Energy will post $6.70 EPS for the current fiscal year.
In other news, CEO Armando Pimentel, Jr. sold 5,680 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $133.11, for a total transaction of $756,064.80. Following the sale, the chief executive officer now owns 79,586 shares in the company, valued at $10,593,692.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James L. Robo sold 52,320 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $136.48, for a total value of $7,140,633.60. The disclosure for this sale can be found here. Insiders have sold 66,111 shares of company stock worth $9,036,943 in the last 90 days. Insiders own 0.53% of the company’s stock.
A number of large investors have recently modified their holdings of NEE. BlackRock Inc. raised its stake in shares of NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after buying an additional 36,747,599 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of NextEra Energy by 0.8% in the first quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock worth $2,562,463,000 after buying an additional 167,275 shares in the last quarter. FMR LLC raised its stake in shares of NextEra Energy by 0.4% in the first quarter. FMR LLC now owns 7,680,705 shares of the utilities provider’s stock worth $985,973,000 after buying an additional 30,135 shares in the last quarter. Norges Bank purchased a new stake in shares of NextEra Energy during the fourth quarter worth approximately $678,763,000. Finally, Geode Capital Management LLC raised its stake in shares of NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after buying an additional 336,562 shares in the last quarter. Hedge funds and other institutional investors own 76.77% 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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