Stock analysts at Credit Suisse Group began coverage on shares of NextEra Energy (NYSE:NEE) in a report released on Thursday. The brokerage set an “outperform” rating on the utilities provider’s stock.
NEE has been the subject of a number of other reports. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Bank of America initiated coverage on NextEra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price target for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $156.00 price target on shares of NextEra Energy in a research note on Tuesday, November 7th. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. Finally, Morgan Stanley increased their target price on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and a consensus target price of $156.64.
Shares of NextEra Energy (NYSE:NEE) opened at $157.78 on Thursday. The firm has a market capitalization of $73,212.69, a PE ratio of 23.33, a price-to-earnings-growth ratio of 3.10 and a beta of 0.31. NextEra Energy has a twelve month low of $114.80 and a twelve month high of $159.28. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.08. The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.74 EPS. equities analysts anticipate that NextEra Energy will post 6.73 earnings per share for the current fiscal year.
In other news, EVP Charles E. Sieving sold 30,485 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the completion of the sale, 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 SEC, which is available at this link. Also, Director James L. Robo sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were 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. In the last ninety days, insiders have sold 65,385 shares of company stock valued at $9,748,482. Insiders own 0.53% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NEE. BlackRock Inc. raised its stake in NextEra Energy by 0.6% in the 2nd quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock valued at $5,332,149,000 after acquiring an additional 217,972 shares during the period. Vanguard Group Inc. raised its stake in NextEra Energy by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after acquiring an additional 1,503,907 shares during the period. FMR LLC increased its position in NextEra Energy by 1.1% during the 2nd quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock worth $1,088,520,000 after buying an additional 87,224 shares during the period. Geode Capital Management LLC increased its position in NextEra Energy by 7.9% during the 1st quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after buying an additional 336,562 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in NextEra Energy by 26.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock worth $548,102,000 after buying an additional 777,351 shares during the period. 75.63% of the stock is owned by institutional investors.
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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