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

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

A number of other analysts have also recently commented on NEE. Wells Fargo & Company lifted their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Barclays started coverage on NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. BMO Capital Markets cut their price target on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Finally, Guggenheim boosted their price objective on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.93.

NextEra Energy Stock Up 2.3 %

Shares of NextEra Energy stock traded up $1.51 during trading on Tuesday, reaching $66.82. The company’s stock had a trading volume of 7,024,765 shares, compared to its average volume of 11,843,248. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. The company has a market cap of $137.14 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 2.31 and a beta of 0.51. NextEra Energy has a 1-year low of $47.15 and a 1-year high of $79.25. The company has a 50-day simple moving average of $60.04 and a two-hundred day simple moving average of $58.72.

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, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter last year, the firm earned $0.84 EPS. The business’s quarterly revenue was down 14.7% on a year-over-year basis. As a group, equities analysts forecast that NextEra Energy will post 3.4 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NEE. Clear Investment Research LLC lifted its holdings in NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in NextEra Energy during the fourth quarter worth $29,000. Alaska Permanent Fund Corp lifted its stake in NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares in the last quarter. Stuart Chaussee & Associates Inc. lifted its stake in NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares in the last quarter. Finally, Valued Wealth Advisors LLC acquired a new position in NextEra Energy during the fourth quarter worth $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

About NextEra Energy

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.