Brokerage firm Deutsche Bank Downgrades its rating on NextEra Energy Inc(NYSE:NEE). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Deutsche Bank was issued on Sep 23, 2016.
In a different note, On Jul 28, 2016, Deutsche Bank said it Maintains its rating on NextEra Energy Inc. In the research note, the firm Lowers the price-target to $134.00 per share. The shares have been rated ‘Buy’ by the firm.
NextEra Energy Inc (NEE) made into the market gainers list on Tuesdays trading session with the shares advancing 0.44% or 0.56 points. Due to strong positive momentum, the stock ended at $126.79, which is also near the day’s high of $128.59. The stock began the session at $127.09 and the volume stood at 24,55,787 shares. The 52-week high of the shares is $131.98 and the 52 week low is $95.84. The company has a current market capitalization of $58,576 M and it has 46,19,95,590 shares in outstanding.
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 Aug 1, 2016, Chris N Froggatt (VP, Controller and CAO) sold 16,467 shares at $127.61 per share price.Also, On Jul 1, 2016, Paul I Cutler (Treasurer) sold 4,796 shares at $130.00 per share price.On Jun 16, 2016, Joseph T Kelliher (EVP, Federal Reg. Affairs) sold 11,697 shares at $124.31 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.