NextEra Energy Receives Neutral Rating from Zacks (NEE)
NextEra Energy (NYSE:NEE)‘s stock had its “neutral” rating restated by Zacks in a note issued to investors on Thursday, AnalystRatingsNetwork reports. They currently have a $87.00 price objective on the stock. Zacks‘ target price would indicate a potential upside of 5.39% from the stock’s previous close.
NextEra Energy (NYSE:NEE) traded up 0.18% during mid-day trading on Thursday, hitting $82.70. The stock had a trading volume of 2,032,193 shares. NextEra Energy has a 1-year low of $66.05 and a 1-year high of $88.39. The stock’s 50-day moving average is $82.47 and its 200-day moving average is $80.13. The company has a market cap of $35.120 billion and a price-to-earnings ratio of 20.24.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.18. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that NextEra Energy will post $4.95 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on NEE. Analysts at RBC Capital raised their price target on shares of NextEra Energy (NYSE:NEE) from $87.00 to $96.00 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of NextEra Energy (NYSE:NEE) from $92.00 to $98.00 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock. Finally, analysts at Morgan Stanley upgraded shares of NextEra Energy (NYSE:NEE) from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, August 1st. They now have a $105.00 price target on the stock, up previously from $74.00.
Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $86.64.
In other NextEra Energy news, EVP Joseph Kelliher unloaded 12,966 shares of the stock on the open market in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.15, for a total value of $1,039,224.90. Following the transaction, the executive vice president now directly owns 16,616 shares of the company’s stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
NextEra Energy, Inc (NYSE:NEE) is one of the electric power companies in North America, with over 42,000 megawatt of generating capacity in 26 states in the United States and four provinces in Canada.
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