NextEra Energy, Inc. (NEE) Research Coverage Started at Goldman Sachs Group, Inc. (The)
Stock analysts at Goldman Sachs Group, Inc. (The) began coverage on shares of NextEra Energy, Inc. (NYSE:NEE) in a research note issued on Monday, The Fly reports. The brokerage set a “buy” rating on the utilities provider’s stock.
Several other research analysts also recently weighed in on the company. Royal Bank Of Canada restated a “buy” rating and set a $144.00 target price on shares of NextEra Energy in a research note on Tuesday, May 2nd. Morgan Stanley boosted their target price on NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, May 8th. Barclays PLC restated an “overweight” rating and set a $150.00 target price (up from $139.00) on shares of NextEra Energy in a research note on Sunday, April 23rd. Deutsche Bank AG boosted their target price on NextEra Energy from $128.00 to $132.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Finally, BMO Capital Markets restated a “buy” rating and set a $156.00 target price (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. NextEra Energy currently has an average rating of “Buy” and a consensus price target of $147.00.
Shares of NextEra Energy (NYSE NEE) opened at 144.37 on Monday. The stock has a market capitalization of $67.59 billion, a PE ratio of 17.57 and a beta of 0.31. NextEra Energy has a 52-week low of $110.49 and a 52-week high of $144.87. The company’s 50 day moving average price is $141.33 and its 200 day moving average price is $132.18.
NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, April 21st. The utilities provider reported $1.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.24. NextEra Energy had a return on equity of 11.82% and a net margin of 23.58%. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the previous year, the business earned $1.55 EPS. The firm’s revenue for the quarter 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 other news, CEO Armando Pimentel, Jr. sold 5,680 shares of the company’s 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 owns 79,586 shares in the company, valued at $10,593,692.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James L. Robo sold 52,320 shares of the company’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. In the last quarter, insiders have sold 66,111 shares of company stock worth $9,036,943. Company insiders own 0.53% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after buying an additional 71 shares during the last quarter. Pinnacle Bank bought a new stake in shares of NextEra Energy during the first quarter worth approximately $161,000. Norway Savings Bank increased its stake in shares of NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock worth $172,000 after buying an additional 18 shares during the last quarter. Baystate Wealth Management LLC increased its stake in shares of NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock worth $174,000 after buying an additional 441 shares during the last quarter. Finally, Ruggie Capital Group bought a new stake in shares of NextEra Energy during the first quarter worth approximately $191,000. Hedge funds and other institutional investors 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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