Stock analysts at Goldman Sachs Group, Inc. (The) assumed coverage on shares of NextEra Energy, Inc. (NYSE:NEE) in a report issued on Monday, The Fly reports. The firm set a “buy” rating on the utilities provider’s stock.
Several other research analysts also recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $147.00 target price (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. BidaskClub cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. BMO Capital Markets restated a “buy” rating and set a $156.00 target price (up previously from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Wells Fargo & Company restated an “outperform” rating and set a $158.00 target price (up previously from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. Finally, Morgan Stanley upped their price target on shares of NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, May 8th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $147.00.
Shares of NextEra Energy (NEE) opened at 144.37 on Monday. The firm has a 50-day moving average of $141.33 and a 200-day moving average of $132.18. NextEra Energy has a 12-month low of $110.49 and a 12-month high of $144.87. The company has a market cap of $67.59 billion, a P/E ratio of 17.57 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, April 21st. The utilities provider reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.24. NextEra Energy had a net margin of 23.58% and a return on equity of 11.82%. The business had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period in the previous year, the business posted $1.55 earnings per share. NextEra Energy’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts predict that NextEra Energy will post $6.70 EPS for the current year.
In related news, Director Eric E. Silagy sold 8,111 shares of NextEra Energy stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the completion of the sale, the director now owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Armando Pimentel, Jr. sold 5,680 shares of NextEra Energy stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $133.11, for a total value of $756,064.80. Following the sale, the chief executive officer now directly owns 79,586 shares of the company’s stock, valued at approximately $10,593,692.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,111 shares of company stock worth $9,036,943. 0.53% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Burke & Herbert Bank & Trust Co. boosted its stake in NextEra Energy by 13.2% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 4,919 shares of the utilities provider’s stock worth $632,000 after buying an additional 574 shares during the period. Creative Planning boosted its stake in NextEra Energy by 2.1% in the first quarter. Creative Planning now owns 83,874 shares of the utilities provider’s stock worth $10,767,000 after buying an additional 1,719 shares during the period. Raymond James Trust N.A. boosted its stake in NextEra Energy by 0.8% in the first quarter. Raymond James Trust N.A. now owns 42,276 shares of the utilities provider’s stock worth $5,427,000 after buying an additional 333 shares during the period. Osborn Williams & Donohoe LLC boosted its stake in NextEra Energy by 4.1% in the first quarter. Osborn Williams & Donohoe LLC now owns 15,521 shares of the utilities provider’s stock worth $1,993,000 after buying an additional 610 shares during the period. Finally, Cardinal Capital Management Inc. boosted its stake in NextEra Energy by 12.2% in the first quarter. Cardinal Capital Management Inc. now owns 95,878 shares of the utilities provider’s stock worth $12,308,000 after buying an additional 10,455 shares during the period. Institutional investors and hedge funds own 76.82% of the company’s stock.
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.
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