Deutsche Bank Maintains NextEra Energy Inc to Buy with Price Target $133.00

Brokerage firm Deutsche Bank Maintains its rating on NextEra Energy Inc(NYSE:NEE). In a research note issued to the investors, the brokerage major Lowers the price-target to $133.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Jul 28, 2016.

NextEra Energy Inc (NEE) shares turned negative on Thursdays trading session with the shares closing down -0.64 points or -0.50% at a volume of 22,71,468. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $128.39. The peak price level was also seen at $128.39 while the days lowest was $127.05. Finally the shares closed at $127.45. The 52-week high of the shares is $131.98 while the 52-week low is $93.74. According to the latest information available, the market cap of the company is $58,881 M.

NextEra Energy Inc(NEE) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.82B. Analysts had an estimated revenue of $4.33B. Earnings per share were $1.67. Analysts had estimated an EPS of $1.54.

Several Insider Transactions has been reported to the SEC. On Jul 1, 2016, Paul I Cutler (Treasurer) sold 4,796 shares at $130.00 per share price.Also, On Jun 16, 2016, Joseph T Kelliher (EVP, Federal Reg. Affairs) sold 11,697 shares at $124.31 per share price.On Mar 18, 2016, William L Yeager (EVP Eng, Const. & ISC) sold 5,318 shares at $116.84 per share price, according to the Form-4 filing with the securities and exchange commission.

NextEra Energy Inc. (NEE) is a holding company. The Company operates through its wholly owned subsidiaries Florida Power & Light Company (FPL) and NextEra Energy Resources LLC (NEER). It is an electric power company in North America with electric generating facilities located in 27 states in the United States and four provinces in Canada. Its segments are FPL and NEER. FPL is an electric utility engaged primarily in the generation transmission distribution and sale of electric energy in Florida. NEER owns develops constructs manages and operates electric generating facilities in wholesale energy markets primarily in the United States as well as in Canada and Spain. Corporate and Other segment represents other business activities primarily NextEra Energy Transmission LLC (NEET) and FPL FiberNet. NEET operates through Lone Star Transmission LLC a transmission service provider in Texas and New Hampshire Transmission LLC a transmission owner in ISO New England.

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