NextEra Energy (NEE) Given Buy Rating at Argus
NextEra Energy (NYSE:NEE)‘s stock had its “buy” rating reiterated by equities researchers at Argus in a research report issued to clients and investors on Tuesday. They presently have a $173.00 target price on the utilities provider’s stock. Argus’ target price would indicate a potential upside of 11.15% from the stock’s previous close. The analysts noted that the move was a valuation call.
Other analysts also recently issued reports about the company. Morgan Stanley boosted their price target on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co began coverage on NextEra Energy in a research note on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target for the company. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a research note on Tuesday, October 10th. KeyCorp restated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Thursday, October 12th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $156.00 price target on shares of NextEra Energy in a research note on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and a consensus target price of $156.64.
NextEra Energy (NYSE NEE) traded down $0.33 on Tuesday, reaching $155.64. The company had a trading volume of 1,702,500 shares, compared to its average volume of 1,683,303. The company has a market cap of $73,367.91, a P/E ratio of 23.38, a PEG ratio of 3.11 and a beta of 0.31. NextEra Energy has a twelve month low of $114.47 and a twelve month high of $159.28. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49.
In other news, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the completion of the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,385 shares of company stock valued at $9,748,482. Corporate insiders own 0.53% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Hartland & Co. LLC increased its holdings in NextEra Energy by 22.1% in the 1st quarter. Hartland & Co. LLC now owns 2,900 shares of the utilities provider’s stock worth $372,000 after purchasing an additional 525 shares in the last quarter. Simmons Bank acquired a new position in NextEra Energy in the 1st quarter worth about $1,857,000. Birch Hill Investment Advisors LLC increased its holdings in NextEra Energy by 2.1% in the 1st quarter. Birch Hill Investment Advisors LLC now owns 14,618 shares of the utilities provider’s stock worth $1,877,000 after purchasing an additional 300 shares in the last quarter. Mirador Capital Partners LP acquired a new position in NextEra Energy in the 1st quarter worth about $359,000. Finally, Cornerstone Wealth Management LLC acquired a new position in NextEra Energy in the 1st quarter worth about $268,000. 75.63% of the stock is owned by institutional investors.
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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.
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