NextEra Energy, Inc. (NYSE:NEE) announced its earnings results on Wednesday. The utilities provider reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.10, Morningstar.com reports. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a net margin of 23.58% and a return on equity of 11.82%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 earnings per share. NextEra Energy updated its FY17 guidance to $6.35-6.85 EPS and its FY18 guidance to $6.80-7.30 EPS.

Shares of NextEra Energy (NEE) traded up 1.64% during mid-day trading on Wednesday, hitting $145.46. 1,144,731 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $141.42 and a 200-day moving average price of $132.64. The company has a market capitalization of $68.10 billion, a price-to-earnings ratio of 17.70 and a beta of 0.31. NextEra Energy has a 52 week low of $110.49 and a 52 week high of $145.58.

Several research analysts have recently weighed in on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of NextEra Energy in a research note on Monday. They issued a “buy” rating and a $160.00 target price for the company. BMO Capital Markets reiterated a “buy” rating and set a $156.00 price objective (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Wells Fargo & Company reiterated an “outperform” rating and set a $158.00 price objective (up from $150.00) on shares of NextEra Energy in a research note on Monday, June 19th. Royal Bank Of Canada reiterated an “outperform” rating and set a $147.00 price objective (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Finally, BidaskClub downgraded shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $148.18.

In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of NextEra Energy stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the sale, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James L. Robo sold 52,320 shares of NextEra Energy stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $136.48, for a total transaction of $7,140,633.60. The disclosure for this sale can be found here. Insiders have sold 66,111 shares of company stock worth $9,036,943 in the last quarter. Corporate insiders own 0.53% of the company’s stock.

Large investors have recently bought and sold shares of the company. Burke & Herbert Bank & Trust Co. increased 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 in the last quarter. Creative Planning increased 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 in the last quarter. Raymond James Trust N.A. increased 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 in the last quarter. Osborn Williams & Donohoe LLC increased 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 in the last quarter. Finally, Cardinal Capital Management Inc. increased 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 in the last quarter. Hedge funds and other institutional investors own 76.82% of the company’s stock.

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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.

Earnings History for NextEra Energy (NYSE:NEE)

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