The shares of NextEra Energy, Inc. (NYSE:NEE) has been pegged with a rating of Sector Perform by Scotia Howard Weil in its latest research note that was published on July 24th, 2018. Scotia Howard Weil wasn’t the only research firm that published a report of NextEra Energy, Inc., with other equities research analysts also giving their opinion on the stock. Credit Suisse advised investors in its research note published on December 7th, 2017, to Outperform the NEE stock while also putting a $173 price target. The stock had earned Buy rating from BofA/Merrill when it published its report on October 24th, 2017. That day the BofA/Merrill set price target on the stock to $166. The stock was given Overweight rating by JP Morgan in its report released on September 7th, 2017, the day when the price target on the stock was placed at $173. Goldman was of a view that NEE is Buy in its latest report on July 24th, 2017 while giving it a price target of $160. Deutsche Bank thinks that NEE is worth Buy rating. This was contained in the firm’s report on July 28th, 2016 in which the stock’s price target was also moved to $133.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 4 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $187.35. The price of the stock the last time has raised by 21.09% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 52.47.
The shares of the company added by 0.18% during the trading session on Friday, reaching a low of $173.65 while ending the day at $175.71. During the trading session, a total of 2.21 million shares were traded which represents a 2.87% incline from the average session volume which is 2.28M shares. NEE had ended its last session trading at 175.39. NextEra Energy, Inc. currently has a market cap of $83.83B, while its P/E ratio stands at 13.73, while its P/E earnings growth sits at 5.12, with a beta of 0.25. NextEra Energy, Inc. debt-to-equity ratio currently stands at 0.95, while its quick ratio hovers at 0.60. NEE 52-week low price stands at $145.10 while its 52-week high price is $184.20.
The company in its last quarterly report recorded $2.18 earnings per share which is above the $2.15 predicted by most analysts. The NextEra Energy, Inc. generated $4,418.00 million in revenue during the last quarter, which is slightly lower than the $4,752.40 million predicted by analysts. In the second quarter last year, the firm recorded $2.11 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 3.21%. NextEra Energy, Inc. has the potential to record 12.80 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Janney published a research note on December 4th, 2018 where it informed investors and clients that The Hartford Financial Services Group, Inc. (NYSE:HIG) is now rated as Buy. Credit Suisse also rated HIG as Initiated on December 7th, 2017, with its price target of suggesting that HIG could surge by 20.27% from its current share price. Even though the stock has been trading at $44.22/share, analysts expect it to surge higher by 0.54% to reach $55.76/share. It started the day trading at $44.6 and traded between $43.93 and $44.46 throughout the trading session.
A look at its technical shows that HIG’s 50-day SMA is 43.78 while its 200-day SMA stands at 49.39. The stock has a high of $59.20 for the year while the low is $40.54. The company’s P/E ratio currently sits at 10.01, while the P/B ratio is 1.25. The company’s average trading volume currently stands at 3.20M shares, which means that the short-interest ratio is just 1.77 days. Over the past seven days, the company moved, with its shift of 0.72%. Looking further, the stock has dropped -8.67% over the past 90 days while it lost -15.36% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more HIG shares, increasing its portfolio by +1.26% during the last quarter. This move now sees The Vanguard Group Inc purchasing 455,851 shares in the last quarter, thus it now holds 36,559,123 shares of HIG, with a total valuation of $1,625,053,017. JPMorgan Investment Management I meanwhile sold more HIG shares in the recently filed quarter, changing its stake to $932,110,055 worth of shares. SSgA Funds Management Inc followed the path by increasing its HIG portfolio by +1.25% in the quarter. This means that SSgA Funds Management Inc bought 256,520 shares in the last quarter and now controls 20,813,626 shares of the HIG stock, with the valuation hitting $925,165,676.
Similarly, Franklin Mutual Advisers LLC increased its The Hartford Financial Services Group, Inc. shares by +25.19% during the recently filed quarter. After buying 3,207,762 shares in the last quarter, the firm now controls 15,943,913 shares of The Hartford Financial Services Group, Inc. which are valued at $708,706,933. In the same vein, Invesco Advisers Inc decreased its The Hartford Financial Services Group, Inc. shares by during the most recent reported quarter. The firm sold -358,013 shares during the quarter which decreased its stakes to 12,376,447 shares and is now valued at $550,133,069. Following these latest developments, around 0.20% of The Hartford Financial Services Group, Inc. stocks are owned by institutional investors and hedge funds.