NextEra Energy (NEE) Stock Rating Upgraded by Zacks Investment Research

NextEra Energy (NYSE:NEE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm currently has a $170.00 price target on the utilities provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 12.06% from the stock’s previous close.

According to Zacks, “Shares of NextEra Energy have outperformed the industry’s rally in the last 12 months.  Investment made by the company to strengthen its infrastructure helped it overcome the difficult situation and quickly restore normalcy of operations in difficult weather conditions.  The company is consistently registering an increase in consumer count. The company’s focus on clean energy has lowered emission levels and saved on energy bills for its customers. The natural gas pipelines, which came online in first half, are expected to boost its performance. On the flip side, the company’s nature of business is subject to complex and comprehensive federal, state and other regulations. Unpredictable impact of natural disaster and delay in completion of ongoing projects could also impact profitability.”

Several other brokerages also recently issued reports on NEE. Morgan Stanley boosted their target price on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Argus reissued a “buy” rating and set a $173.00 target price on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. JPMorgan Chase & Co. started coverage on shares of NextEra Energy in a research note on Thursday, September 7th. They set an “overweight” rating and a $173.00 target price on the stock. Royal Bank of Canada reissued a “buy” rating and set a $156.00 target price on shares of NextEra Energy in a research note on Tuesday, November 7th. Finally, Guggenheim reissued a “buy” rating and set a $177.00 target price on shares of NextEra Energy in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $159.63.

Shares of NextEra Energy (NEE) opened at $151.71 on Thursday. 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 has a one year low of $117.33 and a one year high of $159.40. The stock has a market cap of $71,360.00, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 2.81 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the previous year, the business earned $1.74 EPS. The company’s revenue was up .1% on a year-over-year basis. equities research analysts anticipate that NextEra Energy will post 6.73 earnings per share for the current year.

In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction on 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction 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 sold 74,372 shares of company stock worth $11,517,071 over the last ninety days. 0.53% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of NEE. Atria Investments LLC increased its position in NextEra Energy by 5.3% during the second quarter. Atria Investments LLC now owns 8,127 shares of the utilities provider’s stock worth $1,139,000 after buying an additional 408 shares during the last quarter. Private Trust Co. NA increased its position in NextEra Energy by 15.8% during the second quarter. Private Trust Co. NA now owns 6,071 shares of the utilities provider’s stock worth $850,000 after buying an additional 829 shares during the last quarter. Capital Investment Advisors LLC increased its position in NextEra Energy by 13.4% during the second quarter. Capital Investment Advisors LLC now owns 6,111 shares of the utilities provider’s stock worth $856,000 after buying an additional 720 shares during the last quarter. Smith Shellnut Wilson LLC ADV increased its position in NextEra Energy by 28.5% during the second quarter. Smith Shellnut Wilson LLC ADV now owns 3,178 shares of the utilities provider’s stock worth $414,000 after buying an additional 704 shares during the last quarter. Finally, Central Bank & Trust Co. increased its position in NextEra Energy by 48.8% during the second quarter. Central Bank & Trust Co. now owns 5,260 shares of the utilities provider’s stock worth $737,000 after buying an additional 1,725 shares during the last quarter. 75.38% of the stock is currently 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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