NextEra Energy, Inc. (NEE) Upgraded to Buy at Zacks Investment Research

NextEra Energy, Inc. (NYSE:NEE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm presently has a $165.00 target price on the utilities provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 11.56% from the company’s previous close.

According to Zacks, “Shares of NextEra Energy have outperformed the industry’s rally in the last 12 months. NextEra Energy is benefiting from favorable economic conditions in its service territories, thus creating demand for utility services. The company is expected to benefit from increasing customer accounts and rising demand for power in Florida. 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 second quarter, 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. Delay in completion of ongoing projects could also impact profitability.”

NEE has been the topic of several other reports. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a research note on Monday, July 24th. They set a “buy” rating and a $160.00 price objective on the stock. KeyCorp reissued a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research note on Friday, September 1st. Morgan Stanley boosted their price objective on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. Finally, BMO Capital Markets reissued a “buy” rating and set a $156.00 price objective (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and an average target price of $154.08.

Shares of NextEra Energy (NYSE NEE) opened at 147.90 on Tuesday. The company’s 50-day moving average price is $148.67 and its 200 day moving average price is $141.39. 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 $69.40 billion, a PE ratio of 16.94 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. Analysts anticipate that NextEra Energy will post $6.73 EPS for the current year.

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In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total transaction of $4,411,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $4,467,881.60. Following the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. Insiders have sold 63,385 shares of company stock valued at $9,314,382 in the last 90 days. Company insiders own 0.53% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in NEE. Hanson McClain Inc. boosted its holdings 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 valued at $107,000 after purchasing an additional 43 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings 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 valued at $112,000 after purchasing an additional 71 shares during the period. Highstreet Asset Management Inc. purchased a new stake in shares of NextEra Energy in the second quarter valued at approximately $134,000. Atlantic Trust LLC purchased a new stake in shares of NextEra Energy in the second quarter valued at approximately $154,000. Finally, Pacific Center for Financial Services boosted its holdings in shares of 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 valued at $160,000 after purchasing an additional 380 shares during the period. Hedge funds and other institutional investors own 75.41% of the company’s stock.

NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through

According to Zacks, “Shares of NextEra Energy have outperformed the industry’s rally in the last 12 months. NextEra Energy is benefiting from favorable economic conditions in its service territories, thus creating demand for utility services. The company is expected to benefit from increasing customer accounts and rising demand for power in Florida. 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 second quarter, 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. Delay in completion of ongoing projects could also impact profitability.”

NEE has been the topic of several other reports. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a research note on Monday, July 24th. They set a “buy” rating and a $160.00 price objective on the stock. KeyCorp reissued a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research note on Friday, September 1st. Morgan Stanley boosted their price objective on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. Finally, BMO Capital Markets reissued a “buy” rating and set a $156.00 price objective (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and an average target price of $154.08.

Shares of NextEra Energy (NYSE NEE) opened at 147.90 on Tuesday. The company’s 50-day moving average price is $148.67 and its 200 day moving average price is $141.39. 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 $69.40 billion, a PE ratio of 16.94 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. Analysts anticipate that NextEra Energy will post $6.73 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/10/nextera-energy-inc-nee-upgraded-to-buy-at-zacks-investment-research.html.

In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total transaction of $4,411,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $4,467,881.60. Following the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. Insiders have sold 63,385 shares of company stock valued at $9,314,382 in the last 90 days. Company insiders own 0.53% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in NEE. Hanson McClain Inc. boosted its holdings 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 valued at $107,000 after purchasing an additional 43 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings 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 valued at $112,000 after purchasing an additional 71 shares during the period. Highstreet Asset Management Inc. purchased a new stake in shares of NextEra Energy in the second quarter valued at approximately $134,000. Atlantic Trust LLC purchased a new stake in shares of NextEra Energy in the second quarter valued at approximately $154,000. Finally, Pacific Center for Financial Services boosted its holdings in shares of 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 valued at $160,000 after purchasing an additional 380 shares during the period. Hedge funds and other institutional investors own 75.41% of the company’s stock.

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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