November 24, 2016 - By Pete Kolinski · 0 Comments
Nextera Energy Inc (NYSE:NEE) institutional sentiment decreased to 0.85 in 2016 Q2. Its down -0.17, from 1.02 in 2016Q1. The ratio dropped, as 438 investment professionals started new and increased holdings, while 430 reduced and sold stakes in Nextera Energy Inc. The investment professionals in our partner’s database now possess: 333.79 million shares, down from 344.90 million shares in 2016Q1. Also, the number of investment professionals holding Nextera Energy Inc in their top 10 holdings increased from 27 to 36 for an increase of 9. Sold All: 63 Reduced: 367 Increased: 372 New Position: 66.
NextEra Energy, Inc. is a holding company. The company has a market cap of $52.81 billion. The Firm is an electric power firm in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. It has a 21.47 P/E ratio. NEE’s operating divisions are FPL, an electric utility, and NEER, an energy business.
The stock decreased 0.36% or $0.41 on November 23, hitting $113.42. NextEra Energy Inc (NYSE:NEE) has declined 0.89% since April 22, 2016 and is downtrending. It has underperformed by 6.30% the S&P500.
Analysts await NextEra Energy Inc (NYSE:NEE) to report earnings on January, 26. They expect $1.29 earnings per share, up 10.26% or $0.12 from last year’s $1.17 per share. NEE’s profit will be $600.07 million for 21.98 P/E if the $1.29 EPS becomes a reality. After $1.74 actual earnings per share reported by NextEra Energy Inc for the previous quarter, Wall Street now forecasts -25.86% negative EPS growth.
According to Zacks Investment Research, “NextEra Energy, Inc. is a leading clean energy company. Headquartered in Juno Beach, Fla., NextEra Energy’s principal subsidiaries are Florida Power & Light Company and NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world’s largest generator of renewable energy from the wind and sun. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin.”
Lehman Financial Resources Inc. holds 29.15% of its portfolio in NextEra Energy Inc for 445,301 shares. Ecofin Ltd owns 493,616 shares or 12.62% of their US portfolio. Moreover, Rare Infrastructure Ltd has 9.43% invested in the company for 1.62 million shares. The New York-based Longbow Capital Partners L.P. has invested 8.73% in the stock. Reaves W H & Co Inc, a New Jersey-based fund reported 1.26 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 6 insider sales for $8.38 million net activity.
Ratings analysis reveals 100% of Nextera Energy Inc.’s analysts are positive. Out of 7 Wall Street analysts rating Nextera Energy Inc., 7 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $111 while the high is $129. The stock’s average target of $119.89 is 5.70% above today’s ($113.42) share price. NEE was included in 16 notes of analysts from August 5, 2015. On Thursday, March 17 the stock rating was maintained by Argus Research with “Buy”. The stock of NextEra Energy Inc (NYSE:NEE) has “Buy” rating given on Tuesday, August 11 by M Partners. The rating was maintained by Deutsche Bank with “Buy” on Monday, October 5. The stock of NextEra Energy Inc (NYSE:NEE) earned “Overweight” rating by Barclays Capital on Friday, March 18. The stock has “Outperform” rating given by Robert W. Baird on Friday, January 29. On Tuesday, November 17 the stock rating was initiated by Howard Weil with “Sector Outperform”. Zacks upgraded the shares of NEE in a report on Monday, August 31 to “Hold” rating. The firm earned “Buy” rating on Friday, August 7 by Argus Research.
NextEra Energy, Inc. (NEE), incorporated on September 10, 1984, is a holding company. The Firm is an electric power firm 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 divisions are FPL, an electric utility, and NEER, an energy business. NEE provides retail and wholesale electric services to over 5.3 million customers, and owns generation, transmission and distribution facilities to support its services, as well as has investments in gas infrastructure assets. The Firm also provides risk management services related to power and gas consumption related to its own generation assets and for a limited number of wholesale clients in selected markets. NEE also generates renewable energy from the wind and sun. NEE also owns and operates eight reactors at five sites located in four states of the United States. The Firm conducts its activities through two subsidiaries, Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC (NEER). NextEra Energy Capital Holdings, Inc. (NEECH), another subsidiary of NEE, owns and provides funding for NEER’s and NEE’s operating subsidiaries, other than FPL and its subsidiaries.
More recent NextEra Energy Inc (NYSE:NEE) news were published by: Prnewswire.com which released: “NextEra Energy announces common stock offering” on November 01, 2016. Also Nasdaq.com published the news titled: “NextEra Energy, Inc. (NEE) Ex-Dividend Date Scheduled for November 22, 2016” on November 21, 2016. Forbes.com‘s news article titled: “NextEra Energy a Top Ranked SAFE Dividend Stock With 2.8% Yield (NEE)” with publication date: November 03, 2016 was also an interesting one.
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By Pete Kolinski