NextEra Energy (NYSE:NEE) Hits New 12-Month High at $267.59

NextEra Energy Inc (NYSE:NEE)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $267.59 and last traded at $264.43, with a volume of 393256 shares traded. The stock had previously closed at $263.72.

NEE has been the topic of several research reports. Morgan Stanley increased their price target on shares of NextEra Energy from $240.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $249.00 target price on shares of NextEra Energy in a research note on Sunday, January 19th. Wells Fargo & Co increased their target price on shares of NextEra Energy from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Mizuho raised their price target on shares of NextEra Energy from $202.50 to $245.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $214.00 to $252.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $239.79.

The business’s 50 day moving average is $243.22 and its 200-day moving average is $228.37. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.53 and a quick ratio of 0.44. The company has a market cap of $128.90 billion, a PE ratio of 34.15, a P/E/G ratio of 3.62 and a beta of 0.15.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $1.44 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.10). NextEra Energy had a return on equity of 10.30% and a net margin of 19.62%. The firm had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.79 billion. During the same quarter last year, the firm earned $1.49 EPS. As a group, sell-side analysts predict that NextEra Energy Inc will post 9.02 EPS for the current fiscal year.

In related news, Director James L. Robo sold 10,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $234.39, for a total value of $2,343,900.00. Also, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $239.37, for a total value of $382,992.00. Following the completion of the transaction, the director now directly owns 14,897 shares in the company, valued at approximately $3,565,894.89. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in NEE. First PREMIER Bank purchased a new position in NextEra Energy in the third quarter valued at approximately $33,000. Manchester Financial Inc. purchased a new position in shares of NextEra Energy in the 4th quarter valued at $35,000. Vista Private Wealth Partners. LLC purchased a new position in shares of NextEra Energy in the 3rd quarter valued at $36,000. Northwest Investment Counselors LLC purchased a new position in shares of NextEra Energy in the 3rd quarter valued at $37,000. Finally, Horan Securities Inc. raised its stake in NextEra Energy by 37.6% during the 3rd quarter. Horan Securities Inc. now owns 172 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 47 shares in the last quarter. 77.15% of the stock is owned by institutional investors.

NextEra Energy Company Profile (NYSE:NEE)

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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