NextEra Energy, Inc. (NEE) Given “Buy” Rating at KeyCorp
NextEra Energy, Inc. (NYSE:NEE)‘s stock had its “buy” rating reiterated by KeyCorp in a research report issued to clients and investors on Thursday. They currently have a $155.00 price target on the utilities provider’s stock. KeyCorp’s target price indicates a potential upside of 3.42% from the stock’s previous close.
NEE has been the topic of a number of other research reports. Goldman Sachs Group, Inc. (The) began coverage on NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 target price on the stock. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $147.00 target price (up previously from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Tuesday. Finally, Morgan Stanley raised their target price on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $153.75.
NextEra Energy (NEE) traded up 0.55% on Thursday, hitting $150.70. The company had a trading volume of 1,303,007 shares. NextEra Energy has a one year low of $110.49 and a one year high of $151.60. The stock has a market capitalization of $70.71 billion, a PE ratio of 17.26 and a beta of 0.31. The stock has a 50 day moving average of $148.60 and a 200-day moving average of $141.57.
NextEra Energy (NYSE:NEE) last posted 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 company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the company earned $1.67 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities analysts anticipate that NextEra Energy will post $6.73 EPS for the current year.
In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of the firm’s stock in a transaction 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 directly owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John W. Ketchum sold 2,900 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $150.00, for a total value of $435,000.00. Following the completion of the sale, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at $2,817,900. The disclosure for this sale can be found here. Insiders have sold 65,385 shares of company stock worth $9,614,382 over the last quarter. 0.53% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. purchased a new stake in NextEra Energy in the second quarter worth $1,289,000. Salem Investment Counselors Inc. increased its position in NextEra Energy by 12.7% in the first quarter. Salem Investment Counselors Inc. now owns 9,001 shares of the utilities provider’s stock worth $1,154,000 after buying an additional 1,012 shares during the last quarter. NGAM Advisors L.P. increased its position in NextEra Energy by 8.9% in the second quarter. NGAM Advisors L.P. now owns 63,026 shares of the utilities provider’s stock worth $8,832,000 after buying an additional 5,175 shares during the last quarter. Capital One National Association increased its position in NextEra Energy by 30.9% in the second quarter. Capital One National Association now owns 21,617 shares of the utilities provider’s stock worth $3,030,000 after buying an additional 5,099 shares during the last quarter. Finally, Wade G W & Inc. increased its position in NextEra Energy by 1.2% in the first quarter. Wade G W & Inc. now owns 10,628 shares of the utilities provider’s stock worth $1,364,000 after buying an additional 130 shares during the last quarter. 75.41% of the stock is owned by institutional investors and hedge funds.
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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