NextEra Energy (NEE) Given “Buy” Rating at Guggenheim

NextEra Energy (NYSE:NEE)‘s stock had its “buy” rating reaffirmed by equities researchers at Guggenheim in a research report issued to clients and investors on Friday. They presently have a $182.00 price target on the utilities provider’s stock. Guggenheim’s price objective would indicate a potential upside of 15.42% from the stock’s current price.

A number of other equities analysts have also issued reports on NEE. Zacks Investment Research upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. JPMorgan Chase & Co. set a $169.00 target price on shares of NextEra Energy and gave the stock a “hold” rating in a research report on Thursday, October 12th. Royal Bank of Canada reiterated a “buy” rating and set a $156.00 target price on shares of NextEra Energy in a research report on Tuesday, November 7th. KeyCorp reiterated a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a research report on Thursday, October 12th. Finally, Credit Suisse Group began coverage on shares of NextEra Energy in a research report on Thursday, December 7th. They set an “outperform” rating and a $173.00 target price on the stock. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and a consensus target price of $159.88.

NextEra Energy (NEE) opened at $157.69 on Friday. NextEra Energy has a 12-month low of $117.91 and a 12-month high of $159.40. The stock has a market cap of $72,013.17, a P/E ratio of 17.72, a PEG ratio of 2.78 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. NextEra Energy’s revenue for the quarter was up 8.4% on a year-over-year basis. research analysts anticipate that NextEra Energy will post 6.73 EPS for the current fiscal year.

In related news, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the completion of the sale, the chief executive officer now directly owns 121,958 shares of the company’s stock, valued at $19,202,287.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Achmea Investment Management B.V. increased its stake in NextEra Energy by 61.5% in the third quarter. Achmea Investment Management B.V. now owns 52,613 shares of the utilities provider’s stock valued at $7,708,000 after purchasing an additional 20,028 shares in the last quarter. Almanack Investment Partners LLC. increased its stake in NextEra Energy by 64.6% in the second quarter. Almanack Investment Partners LLC. now owns 2,163 shares of the utilities provider’s stock valued at $303,000 after purchasing an additional 849 shares in the last quarter. Colony Group LLC increased its stake in NextEra Energy by 806.4% in the second quarter. Colony Group LLC now owns 15,517 shares of the utilities provider’s stock valued at $2,174,000 after purchasing an additional 13,805 shares in the last quarter. AXA increased its stake in NextEra Energy by 5.2% in the third quarter. AXA now owns 383,033 shares of the utilities provider’s stock valued at $56,133,000 after purchasing an additional 19,060 shares in the last quarter. Finally, South Dakota Investment Council bought a new stake in NextEra Energy in the third quarter valued at approximately $2,535,000. 75.46% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for NextEra Energy (NYSE:NEE)

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