NextEra Energy (NYSE:NEE) PT Raised to $71.00 at Mizuho

NextEra Energy (NYSE:NEE) had its target price hoisted by Mizuho from $67.00 to $71.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the utilities provider’s stock.

Other analysts have also recently issued reports about the company. StockNews.com raised NextEra Energy from a sell rating to a hold rating in a research report on Monday, April 22nd. Royal Bank of Canada reissued an outperform rating and issued a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. Bank of America boosted their price target on NextEra Energy from $61.00 to $67.00 and gave the stock a neutral rating in a research report on Tuesday. Morgan Stanley boosted their price target on NextEra Energy from $77.00 to $79.00 and gave the stock an overweight rating in a research report on Monday, April 22nd. Finally, Barclays assumed coverage on NextEra Energy in a research report on Wednesday, April 10th. They issued an equal weight rating and a $66.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $71.50.

NextEra Energy Stock Down 1.3 %

NEE stock opened at $66.01 on Wednesday. NextEra Energy has a fifty-two week low of $47.15 and a fifty-two week high of $78.53. The business’s 50 day moving average price is $60.85 and its two-hundred day moving average price is $59.06. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.51. The company has a market capitalization of $135.62 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 2.45 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the business earned $0.84 EPS. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, analysts forecast that NextEra Energy will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is presently 56.13%.

Institutional Investors Weigh In On NextEra Energy

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of NextEra Energy by 1.0% during the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after purchasing an additional 1,956,153 shares in the last quarter. Norges Bank purchased a new position in shares of NextEra Energy during the fourth quarter valued at about $2,561,055,000. Northern Trust Corp grew its position in shares of NextEra Energy by 2.0% during the third quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock valued at $1,316,653,000 after purchasing an additional 455,271 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of NextEra Energy by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock valued at $654,940,000 after purchasing an additional 429,979 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in shares of NextEra Energy by 2.4% during the third quarter. California Public Employees Retirement System now owns 9,026,464 shares of the utilities provider’s stock valued at $517,126,000 after purchasing an additional 209,584 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.