J P Morgan Chase & Co started coverage on shares of NextEra Energy, Inc. (NYSE:NEE) in a research report issued on Thursday, MarketBeat reports. The brokerage set an “overweight” rating and a $173.00 price target on the utilities provider’s stock. J P Morgan Chase & Co’s price target would indicate a potential upside of 16.69% from the stock’s previous close.

NEE has been the subject of a number of other reports. Goldman Sachs Group, Inc. (The) began coverage on shares of NextEra Energy in a research report on Monday, July 24th. They set a “buy” rating and a $160.00 target price for the company. BidaskClub upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada restated an “outperform” rating and set a $147.00 target price (up from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. Morgan Stanley boosted their target price on shares of NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $158.00 target price (up from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $151.15.

Shares of NextEra Energy (NYSE NEE) opened at 148.26 on Thursday. The stock has a 50 day moving average price of $148.04 and a 200 day moving average price of $138.61. The stock has a market capitalization of $69.57 billion, a price-to-earnings ratio of 16.98 and a beta of 0.33. NextEra Energy has a 1-year low of $110.49 and a 1-year high of $151.30.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.10. The company 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 24.26% and a return on equity of 11.88%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 earnings per share. Equities research analysts anticipate that NextEra Energy will post $6.73 EPS for the current year.

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In other news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Hanson McClain Inc. increased its stake in shares of NextEra Energy by 6.0% during the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of NextEra Energy by 8.9% during 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 purchasing an additional 71 shares in the last quarter. Highstreet Asset Management Inc. purchased a new stake in shares of NextEra Energy during the second quarter worth about $134,000. Atlantic Trust LLC purchased a new stake in shares of NextEra Energy during the second quarter worth about $154,000. Finally, Pacific Center for Financial Services increased its stake in shares of NextEra Energy by 50.1% during the second quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock worth $160,000 after purchasing an additional 380 shares in the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

About NextEra Energy

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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