Guggenheim restated their buy rating on shares of NextEra Energy (NYSE:NEE) in a research report report published on Wednesday, January 3rd. The brokerage currently has a $177.00 target price on the utilities provider’s stock.

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of NextEra Energy from a buy rating to a hold rating in a report on Wednesday, January 3rd. Morgan Stanley increased their price target on shares of NextEra Energy from $173.00 to $175.00 and gave the stock an overweight rating in a research note on Wednesday, December 13th. Credit Suisse Group assumed coverage on shares of NextEra Energy in a research note on Thursday, December 7th. They set an outperform rating and a $173.00 price target for the company. Argus reiterated a buy rating and set a $173.00 price target on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reiterated a buy rating and set a $156.00 price target on shares of NextEra Energy in a research note on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. NextEra Energy has a consensus rating of Buy and a consensus target price of $159.88.

Shares of NextEra Energy (NYSE:NEE) traded down $0.07 during trading hours on Wednesday, hitting $155.61. 379,332 shares of the company’s stock were exchanged, compared to its average volume of 2,111,351. NextEra Energy has a 52 week low of $122.09 and a 52 week high of $159.40. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.52 and a current ratio of 0.64. The stock has a market cap of $73,230.00, a P/E ratio of 13.70, a PEG ratio of 2.76 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.06). NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the company posted $1.21 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. research analysts expect that NextEra Energy will post 7.65 earnings per share for the current fiscal year.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the sale, the chief executive officer now directly owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its position in shares of NextEra Energy by 2,832.8% in the second quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock worth $252,287,000 after acquiring an additional 1,738,989 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of NextEra Energy by 4.6% in the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock worth $4,785,120,000 after acquiring an additional 1,503,907 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of NextEra Energy by 122.5% in the second quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock worth $207,281,000 after acquiring an additional 814,478 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of NextEra Energy by 26.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock worth $548,102,000 after acquiring an additional 777,351 shares during the last quarter. Finally, BT Investment Management Ltd acquired a new stake in shares of NextEra Energy in the second quarter worth approximately $96,214,000. 75.53% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for NextEra Energy (NYSE:NEE)

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