Stock analysts at Goldman Sachs Group, Inc. (The) assumed coverage on shares of NextEra Energy, Inc. (NYSE:NEE) in a report released on Monday, Marketbeat Ratings reports. The firm set a “buy” rating and a $160.00 price target on the utilities provider’s stock. Goldman Sachs Group, Inc. (The)’s target price would indicate a potential upside of 11.77% from the stock’s current price.

Other analysts have also issued research reports about the stock. UBS AG restated a “buy” rating and issued a $143.00 target price (up previously from $138.00) on shares of NextEra Energy in a research report on Tuesday, April 18th. Wells Fargo & Company restated an “outperform” rating and issued a $158.00 target price (up previously from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. BidaskClub lowered shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Royal Bank Of Canada restated an “outperform” rating and issued a $147.00 target price (up previously from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. Finally, Barclays PLC restated an “overweight” rating and issued a $150.00 target price (up previously from $139.00) on shares of NextEra Energy in a research report on Sunday, April 23rd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and an average price target of $148.18.

NextEra Energy (NEE) traded down 0.85% on Monday, reaching $143.15. The company’s stock had a trading volume of 2,095,604 shares. NextEra Energy has a 12 month low of $110.49 and a 12 month high of $144.87. The firm has a market cap of $67.02 billion, a P/E ratio of 17.42 and a beta of 0.31. The firm’s 50 day moving average is $141.33 and its 200-day moving average is $132.18.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, April 21st. The utilities provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.24. NextEra Energy had a net margin of 23.58% and a return on equity of 11.82%. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same quarter last year, the business posted $1.55 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, equities research analysts anticipate that NextEra Energy will post $6.70 EPS for the current year.

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In related news, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the transaction, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Armando Pimentel, Jr. sold 5,680 shares of the business’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $133.11, for a total transaction of $756,064.80. Following the completion of the transaction, the chief executive officer now owns 79,586 shares in the company, valued at approximately $10,593,692.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,111 shares of company stock worth $9,036,943. 0.53% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in NEE. Burke & Herbert Bank & Trust Co. raised its position 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 valued at $632,000 after buying an additional 574 shares during the last quarter. Creative Planning raised its position in NextEra Energy by 2.1% in the first quarter. Creative Planning now owns 83,874 shares of the utilities provider’s stock valued at $10,767,000 after buying an additional 1,719 shares during the last quarter. Raymond James Trust N.A. raised its position 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 valued at $5,427,000 after buying an additional 333 shares during the last quarter. Osborn Williams & Donohoe LLC raised its position 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 valued at $1,993,000 after buying an additional 610 shares during the last quarter. Finally, Cardinal Capital Management Inc. raised its position 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 valued at $12,308,000 after buying an additional 10,455 shares during the last quarter. 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.

Analyst Recommendations for NextEra Energy (NYSE:NEE)

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