Short Term Price Target on NextEra Energy (NEE)

NextEra Energy (NYSE:NEE) : The most positive equity analysts on NextEra Energy (NYSE:NEE) expects the shares to touch $146, whereas, the least positive believes that the stock will trade at $115 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $128.11 with an expected fluctuation of $10.53 from the mean.

Shares of NextEra Energy, Inc. rose by 5.32% in the last five trading days and 8.53% for the last 4 weeks. NextEra Energy, Inc. is up 10.66% in the last 3-month period. Year-to-Date the stock performance stands at 27.4%. Also, In a research note released to the investors, Macquarie downgrades its rating on NextEra Energy (NYSE:NEE).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on April 4, 2016.

NextEra Energy (NYSE:NEE) has an average broker rating of 1.46, which is interpreted as a Strong Buy, as rated by 12 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

NextEra Energy (NYSE:NEE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $127.97 and $127.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $130.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $130.40, notching a gain of 2.07% for the day. The total traded volume was 3,121,211 . The stock had closed at $127.75 on the previous day.

In an insider trading activity, Kelliher Joseph T, officer (EVP, Federal Reg. Affairs) of Nextera Energy Inc, unloaded 11,697 shares at an average price of $124.31 on June 15, 2016. The total amount of the transaction was worth $1,454,054, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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