Seaport Global Remains a Sell on NextEra Energy (NEE)

In a report released today, Angie Storozynski from Seaport Global maintained a Sell rating on NextEra Energy (NEE – Research Report), with a price target of $44.00. The company’s shares closed yesterday at $60.17.

Storozynski covers the Utilities sector, focusing on stocks such as NextEra Energy, Nextera Energy Partners, and CMS Energy. According to TipRanks, Storozynski has an average return of 11.7% and a 66.67% success rate on recommended stocks.

Currently, the analyst consensus on NextEra Energy is a Moderate Buy with an average price target of $70.45.

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Based on NextEra Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.88 billion and a net profit of $1.21 billion. In comparison, last year the company earned a revenue of $6.16 billion and had a net profit of $1.52 billion

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NEE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

NextEra Energy (NEE) Company Description:

NextEra Energy, Inc. is an energy company and is one of the largest electric power generators in the United States. Through its Florida Power & Light Company (FPL) business, the company provides clean, reliable and affordable electricity across Florida. NextEra Energy also owns a clean energy business, NextEra Energy Resources (NEER), which is the world’s largest generator of renewable energy from wind and sun. The company was founded in 1984 and based in Juno Beach, Florida.