NextEra Energy (NYSE:NEE – Get Free Report) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.
Several other research analysts have also commented on the stock. Guggenheim dropped their price objective on shares of NextEra Energy from $92.00 to $86.00 in a research note on Friday, July 7th. Royal Bank of Canada decreased their target price on NextEra Energy from $90.00 to $89.00 and set an “outperform” rating for the company in a research report on Wednesday, September 6th. JPMorgan Chase & Co. decreased their target price on NextEra Energy from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, August 30th. The Goldman Sachs Group started coverage on NextEra Energy in a research report on Wednesday, June 7th. They set a “buy” rating and a $90.00 target price for the company. Finally, Morgan Stanley lifted their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $88.00.
Check Out Our Latest Analysis on NextEra Energy
NextEra Energy Trading Up 1.2 %
NextEra Energy (NYSE:NEE – Get Free Report) last posted its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $7.35 billion during the quarter, compared to analyst estimates of $6.68 billion. NextEra Energy had a net margin of 30.05% and a return on equity of 12.25%. During the same period in the previous year, the firm earned $0.81 earnings per share. Sell-side analysts anticipate that NextEra Energy will post 3.12 earnings per share for the current fiscal year.
Insider Transactions at NextEra Energy
In other NextEra Energy news, Director James Lawrence Camaren purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average price of $67.85 per share, for a total transaction of $271,400.00. Following the completion of the purchase, the director now owns 8,000 shares of the company’s stock, valued at $542,800. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director James Lawrence Camaren bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average price of $67.85 per share, for a total transaction of $271,400.00. Following the completion of the transaction, the director now directly owns 8,000 shares in the company, valued at $542,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kirk S. Hachigian bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $67.95 per share, for a total transaction of $679,500.00. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at $1,019,250. The disclosure for this purchase can be found here. Insiders own 0.38% of the company’s stock.
Institutional Investors Weigh In On NextEra Energy
A number of large investors have recently bought and sold shares of the company. United Bank lifted its holdings in NextEra Energy by 9.8% in the first quarter. United Bank now owns 9,966 shares of the utilities provider’s stock valued at $844,000 after acquiring an additional 891 shares during the period. LSV Asset Management raised its stake in shares of NextEra Energy by 9.2% during the 1st quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock worth $2,726,000 after buying an additional 2,700 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of NextEra Energy by 11.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock worth $1,333,000 after buying an additional 1,587 shares during the period. Covestor Ltd raised its stake in shares of NextEra Energy by 59.1% during the 1st quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock worth $74,000 after buying an additional 326 shares during the period. Finally, Ergoteles LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth approximately $793,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.
NextEra Energy Company Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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