NextEra Energy (NYSE:NEE) PT Raised to $67.00

NextEra Energy (NYSE:NEE) had its price target upped by equities researchers at Bank of America from $61.00 to $67.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. Bank of America‘s price target indicates a potential upside of 0.27% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. BMO Capital Markets cut their target price on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Morgan Stanley increased their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday. Scotiabank raised their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday. Barclays started coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target on the stock. Finally, Mizuho reiterated a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. One 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $70.93.

NextEra Energy Stock Up 2.3 %

NextEra Energy stock traded up $1.51 during trading on Tuesday, reaching $66.82. 7,024,765 shares of the company’s stock were exchanged, compared to its average volume of 11,843,248. The company’s 50-day moving average is $60.04 and its two-hundred day moving average is $58.72. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. NextEra Energy has a 52-week low of $47.15 and a 52-week high of $79.25. The firm has a market cap of $137.14 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 2.31 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 EPS. On average, analysts predict that NextEra Energy will post 3.4 earnings per share for the current year.

Institutional Investors Weigh In On NextEra Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Fund Management LLC raised its holdings in shares of NextEra Energy by 272.3% during the 3rd quarter. Royal Fund Management LLC now owns 11,373 shares of the utilities provider’s stock valued at $652,000 after purchasing an additional 8,318 shares in the last quarter. Strategic Blueprint LLC raised its holdings in shares of NextEra Energy by 11.7% during the 3rd quarter. Strategic Blueprint LLC now owns 12,504 shares of the utilities provider’s stock valued at $716,000 after purchasing an additional 1,308 shares in the last quarter. Richelieu Gestion SA raised its holdings in shares of NextEra Energy by 6.7% during the 3rd quarter. Richelieu Gestion SA now owns 45,397 shares of the utilities provider’s stock valued at $2,601,000 after purchasing an additional 2,847 shares in the last quarter. Caprock Group LLC raised its holdings in shares of NextEra Energy by 17.3% during the 3rd quarter. Caprock Group LLC now owns 18,447 shares of the utilities provider’s stock valued at $1,057,000 after purchasing an additional 2,714 shares in the last quarter. Finally, Marion Wealth Management grew its stake in NextEra Energy by 5.8% in the 3rd quarter. Marion Wealth Management now owns 15,721 shares of the utilities provider’s stock valued at $901,000 after buying an additional 865 shares during 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.