NextEra Energy Inc (NYSE:NEE) was upgraded by stock analysts at Goldman Sachs from a “buy” rating to a “conviction-buy” rating in a report released on Wednesday, The Fly reports.

A number of other equities analysts have also commented on NEE. Scotiabank restated a “sector outperform” rating and issued a $122.00 price target on shares of NextEra Energy in a research report on Tuesday, November 17th. Deutsche Bank restated a “buy” rating and issued a $112.00 price target on shares of NextEra Energy in a research report on Thursday, October 29th. Barclays restated a “buy” rating and issued a $120.00 price target (up from $117.00) on shares of NextEra Energy in a research report on Thursday, October 29th. Bank of America restated a “buy” rating on shares of NextEra Energy in a research report on Friday, January 1st. Finally, Howard Weil began coverage on shares of NextEra Energy in a research report on Tuesday, November 17th. They issued a “sector outperform” rating and a $122.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $118.45.

In related news, CFO Moray P. Dewhurst sold 6,028 shares of the stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $98.92, for a total value of $596,289.76. Following the transaction, the chief financial officer now directly owns 329,446 shares in the company, valued at $32,588,798.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric E. Silagy sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 17th. The shares were sold at an average price of $104.00, for a total transaction of $520,000.00. Following the completion of the transaction, the chief executive officer now owns 20,807 shares in the company, valued at $2,163,928. The disclosure for this sale can be found here.

NextEra Energy (NYSE:NEE) opened at 106.56 on Wednesday. NextEra Energy has a 52-week low of $93.74 and a 52-week high of $112.64. The firm has a market cap of $49.07 billion and a price-to-earnings ratio of 15.31. The firm has a 50-day moving average of $103.52 and a 200 day moving average of $101.94.

Other institutional investors have made changes to their positions in the company. Inspirion Wealth Advisors acquired a new position in shares of NextEra Energy during the fourth quarter valued at $267,000. CIBC World Markets increased its stake in shares of NextEra Energy by 37.0% in the fourth quarter. CIBC World Markets now owns 2,898 shares of the company’s stock valued at $301,000 after buying an additional 783 shares during the last quarter. Acadian Asset Management increased its stake in shares of NextEra Energy by 88.3% in the fourth quarter. Acadian Asset Management now owns 3,314 shares of the company’s stock valued at $344,000 after buying an additional 1,554 shares during the last quarter. Douglas C. Lane & Associates Inc. increased its stake in shares of NextEra Energy by 5.4% in the fourth quarter. Douglas C. Lane & Associates Inc. now owns 3,592 shares of the company’s stock valued at $373,000 after buying an additional 185 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of NextEra Energy by 0.4% in the fourth quarter. Signaturefd LLC now owns 3,636 shares of the company’s stock valued at $378,000 after buying an additional 16 shares during the last quarter.

NextEra Energy, Inc. (NYSE: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.

12 Month Chart for NYSE:NEE

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