NextEra Energy Now Covered by Analysts at UBS AG (NEE)
Research analysts at UBS AG began coverage on shares of NextEra Energy (NYSE:NEE) in a report released on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
NextEra Energy (NYSE:NEE) opened at 80.07 on Monday. NextEra Energy has a 1-year low of $66.05 and a 1-year high of $88.39. The stock has a 50-day moving average of $81.23 and a 200-day moving average of $80.44. The company has a market cap of $34.003 billion and a price-to-earnings ratio of 19.63.
NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, July 30th. The company reported $1.46 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.26 earnings per share. NextEra Energy’s revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that NextEra Energy will post $4.95 earnings per share for the current fiscal year.
In other NextEra Energy news, EVP Joseph Kelliher sold 12,966 shares of the stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.15, for a total value of $1,039,224.90. Following the completion of the transaction, the executive vice president now directly owns 16,616 shares in the company, valued at approximately $1,331,772. The sale was disclosed in a filing with the SEC, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of NextEra Energy (NYSE:NEE) in a research note to investors on Thursday, September 19th. They now have a $87.00 price target on the stock. Separately, 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. Finally, 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. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. NextEra Energy presently has a consensus rating of “Buy” and an average target price of $86.64.
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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