NextEra Energy (NEE) Earns Outperform Rating from Analysts at Credit Suisse Group
Stock analysts at Credit Suisse Group assumed coverage on shares of NextEra Energy (NYSE:NEE) in a report released on Thursday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $173.00 price target on the utilities provider’s stock. Credit Suisse Group’s target price points to a potential upside of 9.37% from the stock’s current price.
Other equities research analysts have also issued reports about the stock. Morgan Stanley raised their price objective on shares of NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Argus restated a “buy” rating and set a $173.00 price objective on shares of NextEra Energy in a report on Tuesday. They noted that the move was a valuation call. J P Morgan Chase & Co assumed coverage on shares of NextEra Energy in a report on Thursday, September 7th. They set an “overweight” rating and a $173.00 price objective on the stock. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, KeyCorp reiterated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Thursday, October 12th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $157.73.
NextEra Energy (NEE) traded up $0.40 on Thursday, hitting $158.18. 1,452,106 shares of the stock traded hands, compared to its average volume of 1,683,597. NextEra Energy has a twelve month low of $114.85 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. The company has a market capitalization of $73,212.69, a PE ratio of 23.33, a P/E/G ratio of 3.10 and a beta of 0.31.
In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the transaction, the chief executive officer now owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John W. Ketchum sold 2,900 shares of NextEra Energy stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $150.00, for a total transaction of $435,000.00. Following the completion of the transaction, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at approximately $2,817,900. The disclosure for this sale can be found here. Insiders sold a total of 107,757 shares of company stock worth $16,419,953 over the last quarter. Company insiders own 0.53% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in NEE. Hanson McClain Inc. boosted its holdings in shares of NextEra Energy by 6.0% during the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after buying an additional 43 shares during the period. Risk Paradigm Group LLC boosted its holdings in shares of NextEra Energy by 108.1% during the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after buying an additional 442 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of NextEra Energy by 8.9% during the 1st 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 period. Horan Capital Advisors LLC. bought a new stake in shares of NextEra Energy during the 3rd quarter worth about $134,000. Finally, Fieldpoint Private Securities LLC boosted its holdings in shares of NextEra Energy by 84.0% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 920 shares of the utilities provider’s stock worth $135,000 after buying an additional 420 shares during the period. 75.63% of the stock is owned by institutional investors.
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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.
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