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 brokerage presently has a $127.00 target price on the stock. Zacks Investment Research’s price target would indicate a potential upside of 11.97% from the company’s previous close.

According to Zacks, “NextEra Energy's investment in renewable generation should boost its performance over the long haul. NextEra Energy also invests frequently in its natural gas operations. The company’s Mountain Valley Pipeline joint venture with EQT Corporation is currently in the approval process with the Federal Energy Regulatory Commission (FERC) and commercial operations are expected to begin by the end of 2018. Favorable economic conditions in its service territories will drive demand for utility services. Strategic acquisition and asset divestment bode well for NextEra Energy. On the flip side, NextEra Energy's nature of business is subject to complex and comprehensive federal, state and other regulations. Also, concerns related to commodity price fluctuations might deter its growth to some extent. Delays in completion of projects and operational risks are other headwinds.”

Several other research firms have also commented on NEE. Mizuho reiterated a “buy” rating and issued a $138.00 price objective on shares of NextEra Energy in a research report on Friday, October 7th. BMO Capital Markets reiterated a “buy” rating and issued a $135.00 price objective on shares of NextEra Energy in a research report on Thursday, July 28th. Deutsche Bank AG decreased their price objective on shares of NextEra Energy from $134.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. Morgan Stanley restated a “buy” rating on shares of NextEra Energy in a report on Monday, August 1st. Finally, Bank of America Corp. restated a “buy” rating and issued a $149.00 target price on shares of NextEra Energy in a report on Tuesday, September 27th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $129.01.

Analyst Recommendations for NextEra Energy (NYSE:NEE)

NextEra Energy (NYSE:NEE) opened at 113.42 on Tuesday. The stock has a market capitalization of $53.00 billion, a P/E ratio of 21.44 and a beta of 0.26. NextEra Energy has a 1-year low of $96.19 and a 1-year high of $131.98. The stock has a 50 day moving average of $121.03 and a 200 day moving average of $123.63.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Monday, October 31st. The company reported $1.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.07. NextEra Energy had a net margin of 14.74% and a return on equity of 11.90%. The business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same period in the prior year, the company posted $1.60 EPS. On average, analysts expect that NextEra Energy will post $6.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Tuesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 66.29%.

In other NextEra Energy news, EVP Charles E. Sieving sold 24,927 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $123.55, for a total value of $3,079,730.85. Following the completion of the sale, the executive vice president now owns 47,189 shares of the company’s stock, valued at $5,830,200.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 5,022 shares of the stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $123.70, for a total transaction of $621,221.40. Following the completion of the sale, the chief executive officer now directly owns 72,165 shares of the company’s stock, valued at approximately $8,926,810.50. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Babson Capital Management LLC increased its stake in shares of NextEra Energy by 113.8% in the first quarter. Babson Capital Management LLC now owns 26,806 shares of the company’s stock valued at $3,172,000 after buying an additional 14,270 shares during the period. Squarepoint Ops LLC increased its stake in shares of NextEra Energy by 472.9% in the first quarter. Squarepoint Ops LLC now owns 16,128 shares of the company’s stock valued at $1,909,000 after buying an additional 13,313 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of NextEra Energy by 15.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 38,635 shares of the company’s stock valued at $4,562,000 after buying an additional 5,158 shares during the period. Avalon Advisors LLC increased its stake in shares of NextEra Energy by 1.9% in the first quarter. Avalon Advisors LLC now owns 135,188 shares of the company’s stock valued at $15,998,000 after buying an additional 2,457 shares during the period. Finally, Euclid Advisors LLC increased its stake in shares of NextEra Energy by 492.9% in the first quarter. Euclid Advisors LLC now owns 92,199 shares of the company’s stock valued at $10,911,000 after buying an additional 76,649 shares during the period. 72.99% of the stock is owned by institutional investors.

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NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.

5 Day Chart for NYSE:NEE

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