Investment analysts at Goldman Sachs Group, Inc. (The) assumed coverage on shares of NextEra Energy, Inc. (NYSE:NEE) in a report released on Monday, July 24th, Marketbeat.com reports. The brokerage set a “buy” rating and a $160.00 price target on the utilities provider’s stock. Goldman Sachs Group, Inc. (The)’s target price would indicate a potential upside of 8.71% from the stock’s previous close.
A number of other research analysts have also recently weighed in on NEE. BMO Capital Markets reiterated a “buy” rating and issued a $135.00 target price on shares of NextEra Energy in a report on Friday, March 31st. Deutsche Bank AG reiterated a “hold” rating and issued a $128.00 target price (down previously from $129.00) on shares of NextEra Energy in a report on Sunday, April 2nd. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Monday, April 3rd. UBS AG reiterated a “buy” rating and issued a $143.00 target price (up previously from $138.00) on shares of NextEra Energy in a report on Tuesday, April 18th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $150.00 target price (up previously from $139.00) on shares of NextEra Energy in a report on Sunday, April 23rd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and an average target price of $148.64.
NextEra Energy (NYSE NEE) traded down 0.37% during midday trading on Monday, hitting $147.18. The company had a trading volume of 1,271,479 shares. The firm has a market cap of $69.06 billion, a price-to-earnings ratio of 16.86 and a beta of 0.32. NextEra Energy has a 52-week low of $110.49 and a 52-week high of $148.30. The stock has a 50 day moving average of $143.37 and a 200 day moving average of $135.07.
NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, analysts anticipate that NextEra Energy will post $6.72 EPS for the current year.
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In other news, Director Eric E. Silagy sold 8,111 shares of NextEra Energy stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the sale, the director now directly owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James L. Robo sold 52,320 shares of NextEra Energy stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $136.48, for a total value of $7,140,633.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,431 shares of company stock worth $12,692,378. Corporate insiders own 0.53% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Hanson McClain Inc. raised its stake in shares of NextEra Energy by 6.0% in the second 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 last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of NextEra Energy by 8.9% in 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 buying an additional 71 shares during the last quarter. Highstreet Asset Management Inc. acquired a new stake in shares of NextEra Energy during the second quarter worth about $134,000. Pacific Center for Financial Services increased its position in NextEra Energy by 50.1% in the second quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock worth $160,000 after buying an additional 380 shares during the period. Finally, Manchester Capital Management LLC increased its position in NextEra Energy by 20.5% in the second quarter. Manchester Capital Management LLC now owns 1,233 shares of the utilities provider’s stock worth $173,000 after buying an additional 210 shares during the period. 76.72% of the stock is currently owned by institutional investors and hedge funds.
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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