NextEra Energy Inc (NYSE:NEE) shares reached a new 52-week high during trading on Friday following a stronger than expected earnings report, Market Beat Ratings reports. The stock traded as high as $111.54 and last traded at $111.28, with a volume of 2,529,875 shares. The stock had previously closed at $108.30.

The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.08. During the same period in the previous year, the company earned $1.03 earnings per share.

Several research firms have weighed in on NEE. Goldman Sachs raised their price target on NextEra Energy from $120.00 to $122.00 and gave the stock a “conviction list buy” rating in a research report on Friday. Deutsche Bank reissued a “buy” rating and set a $118.00 price target on shares of NextEra Energy in a research report on Friday. Robert W. Baird raised NextEra Energy from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $110.00 to $120.00 in a research report on Friday. Barclays reissued a “buy” rating and set a $121.00 price target (up previously from $120.00) on shares of NextEra Energy in a research report on Monday, January 4th. Finally, Bank of America reissued a “buy” rating on shares of NextEra Energy in a research report on Friday, January 1st. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. NextEra Energy has an average rating of “Buy” and a consensus target price of $119.17.

In other NextEra Energy news, CFO Moray P. Dewhurst sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $102.32, for a total transaction of $511,600.00. Following the transaction, the chief financial officer now owns 329,446 shares in the company, valued at $33,708,914.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Naren K. Gursahaney acquired 1,000 shares of NextEra Energy stock in a transaction on Thursday, December 3rd. The shares were bought at an average price of $96.57 per share, for a total transaction of $96,570.00. Following the purchase, the director now owns 2,900 shares of the company’s stock, valued at $280,053. The disclosure for this purchase can be found here.

Several hedge funds and institutional investors recently modified their holdings of NEE. Daiwa SB Investments boosted its position in shares of NextEra Energy by 15.3% in the fourth quarter. Daiwa SB Investments now owns 87,953 shares of the company’s stock worth $9,137,000 after buying an additional 11,703 shares in the last quarter. Benjamin F. Edwards & Company boosted its position in shares of NextEra Energy by 1.8% in the fourth quarter. Benjamin F. Edwards & Company now owns 30,792 shares of the company’s stock worth $3,199,000 after buying an additional 532 shares in the last quarter. Searle & Company boosted its position in shares of NextEra Energy by 34.5% in the fourth quarter. Searle & Company now owns 3,900 shares of the company’s stock worth $404,000 after buying an additional 1,000 shares in the last quarter. Natixis Asset Management boosted its position in shares of NextEra Energy by 2.6% in the third quarter. Natixis Asset Management now owns 82,120 shares of the company’s stock worth $8,011,000 after buying an additional 2,077 shares in the last quarter. Finally, Raymond James Trust boosted its position in shares of NextEra Energy by 20.1% in the fourth quarter. Raymond James Trust now owns 39,427 shares of the company’s stock worth $4,096,000 after buying an additional 6,601 shares in the last quarter.

The company has a market cap of $51.45 billion and a P/E ratio of 16.05. The company has a 50-day moving average price of $104.46 and a 200 day moving average price of $102.09.

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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