NextEra Energy (NYSE:NEE) PT Raised to $72.00

NextEra Energy (NYSE:NEE) had its price target raised by stock analysts at BMO Capital Markets from $70.00 to $72.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ target price suggests a potential upside of 9.07% from the stock’s current price.

A number of other brokerages have also recently issued reports on NEE. Wells Fargo & Company lifted their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Scotiabank lifted their price objective on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Mizuho lifted their target price on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Guggenheim lifted their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

NextEra Energy Trading Down 1.3 %

NEE opened at $66.01 on Thursday. The stock has a market cap of $135.62 billion, a PE ratio of 17.99, a PEG ratio of 2.45 and a beta of 0.51. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The business has a 50 day moving average of $60.85 and a 200-day moving average of $59.06. NextEra Energy has a 52 week low of $47.15 and a 52 week high of $78.53.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 earnings per share. Equities research analysts predict that NextEra Energy will post 3.4 earnings per share for the current fiscal year.

Institutional Trading of NextEra Energy

Several hedge funds have recently bought and sold shares of the stock. Signature Wealth Management Partners LLC grew its holdings in NextEra Energy by 16.3% during the first quarter. Signature Wealth Management Partners LLC now owns 8,920 shares of the utilities provider’s stock valued at $570,000 after purchasing an additional 1,250 shares during the period. McCollum Christoferson Group LLC grew its holdings in NextEra Energy by 1.1% during the first quarter. McCollum Christoferson Group LLC now owns 122,680 shares of the utilities provider’s stock valued at $7,840,000 after purchasing an additional 1,393 shares during the period. Trueblood Wealth Management LLC grew its holdings in NextEra Energy by 5.2% during the first quarter. Trueblood Wealth Management LLC now owns 14,721 shares of the utilities provider’s stock valued at $941,000 after purchasing an additional 726 shares during the period. Prestige Wealth Management Group LLC grew its holdings in NextEra Energy by 2.5% during the first quarter. Prestige Wealth Management Group LLC now owns 6,729 shares of the utilities provider’s stock valued at $430,000 after purchasing an additional 163 shares during the period. Finally, Northwest Bancshares Inc. grew its holdings in NextEra Energy by 20.6% during the first quarter. Northwest Bancshares Inc. now owns 7,928 shares of the utilities provider’s stock valued at $507,000 after purchasing an additional 1,355 shares during the period. 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.