NextEra Energy, Inc. (NYSE:NEE)‘s stock had its “buy” rating reissued by equities research analysts at KeyCorp in a report released on Thursday. They currently have a $155.00 price objective on the utilities provider’s stock. KeyCorp’s target price indicates a potential upside of 2.96% from the company’s current price.

Several other research firms have also commented on NEE. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. J P Morgan Chase & Co set a $169.00 price objective on shares of NextEra Energy and gave the stock a “hold” rating in a research note on Thursday. Morgan Stanley boosted their price objective on shares of NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. BidaskClub raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of NextEra Energy in a research note on Monday, July 24th. They set a “buy” rating and a $160.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $153.75.

Shares of NextEra Energy (NYSE:NEE) opened at 150.55 on Thursday. The company has a 50 day moving average of $148.67 and a 200-day moving average of $141.77. The firm has a market cap of $70.64 billion, a price-to-earnings ratio of 17.24 and a beta of 0.31. NextEra Energy has a 12-month low of $110.49 and a 12-month high of $152.27.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping the consensus estimate of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the firm posted $1.67 earnings per share. NextEra Energy’s quarterly revenue was up 15.4% on a year-over-year basis. Analysts predict that NextEra Energy will post $6.74 EPS for the current year.

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In other news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the transaction, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The disclosure for this sale can be found here. Insiders sold 65,385 shares of company stock valued at $9,614,382 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Day & Ennis LLC raised its holdings in shares of NextEra Energy by 0.6% during the first quarter. Day & Ennis LLC now owns 2,174 shares of the utilities provider’s stock valued at $279,000 after purchasing an additional 14 shares during the last quarter. Paragon Capital Management LLC raised its holdings in shares of NextEra Energy by 0.3% during the first quarter. Paragon Capital Management LLC now owns 5,349 shares of the utilities provider’s stock valued at $686,000 after purchasing an additional 15 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of NextEra Energy by 0.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 4,745 shares of the utilities provider’s stock valued at $665,000 after purchasing an additional 15 shares during the last quarter. Whalerock Point Partners LLC raised its holdings in shares of NextEra Energy by 0.3% during the second quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock valued at $784,000 after purchasing an additional 15 shares during the last quarter. Finally, First Interstate Bank raised its holdings in shares of NextEra Energy by 1.3% during the second quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 16 shares during the last quarter. 75.41% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for NextEra Energy (NYSE:NEE)

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