Press coverage about NextEra Energy (NYSE:NEE) has been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. NextEra Energy earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 45.800334007458 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Ormat’s Unit to Build 40MW Storage, Increase Grid Resilience (zacks.com)
- EQT Midstream to Expand Mountain Valley Pipeline to South (nasdaq.com)
- Morgan Stanley Increases NextEra Energy (NEE) Price Target to $174.00 (americanbankingnews.com)
- $3.92 Billion in Sales Expected for NextEra Energy (NEE) This Quarter (americanbankingnews.com)
- Notable ETF Inflow Detected – XLU, NEE, DUK, SO (nasdaq.com)
A number of research analysts recently weighed in on the company. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 29th. JPMorgan Chase boosted their price target on NextEra Energy from $167.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 10th. Morgan Stanley boosted their price target on NextEra Energy from $168.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday. Guggenheim reaffirmed a “buy” rating and issued a $182.00 price target on shares of NextEra Energy in a research note on Friday, January 26th. Finally, UBS assumed coverage on NextEra Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $177.00 price objective for the company. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $166.57.
Shares of NextEra Energy stock traded up $0.90 during trading on Tuesday, reaching $163.02. 723,935 shares of the company were exchanged, compared to its average volume of 2,241,428. NextEra Energy has a twelve month low of $129.22 and a twelve month high of $164.71. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a market cap of $75,430.61, a PE ratio of 24.25, a price-to-earnings-growth ratio of 2.54 and a beta of 0.23.
NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. analysts expect that NextEra Energy will post 7.72 EPS for the current fiscal year.
In other news, insider Manoochehr K. Nazar sold 13,890 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $155.64, for a total transaction of $2,161,839.60. Following the completion of the transaction, the insider now directly owns 142,429 shares of the company’s stock, valued at $22,167,649.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Charles E. Sieving sold 2,844 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $154.67, for a total value of $439,881.48. Following the transaction, the executive vice president now directly owns 48,966 shares of the company’s stock, valued at $7,573,571.22. The disclosure for this sale can be found here. Insiders have sold 62,245 shares of company stock valued at $9,783,623 over the last ninety days. 0.55% of the stock is owned by insiders.
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About NextEra Energy
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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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