NextEra Energy (NYSE:NEE) Downgraded by Mizuho to “Neutral”

Mizuho cut shares of NextEra Energy (NYSE:NEEFree Report) from a buy rating to a neutral rating in a research report sent to investors on Wednesday, Marketbeat Ratings reports. They currently have $71.00 price target on the utilities provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Barclays lifted their price target on shares of NextEra Energy from $66.00 to $74.00 and gave the company an equal weight rating in a research report on Wednesday, June 5th. Bank of America boosted their target price on NextEra Energy from $61.00 to $67.00 and gave the company a neutral rating in a research report on Tuesday, April 23rd. StockNews.com upgraded NextEra Energy from a sell rating to a hold rating in a research report on Thursday, May 2nd. Scotiabank boosted their price objective on NextEra Energy from $69.00 to $73.00 and gave the company a sector outperform rating in a report on Monday, April 22nd. Finally, BMO Capital Markets raised their target price on NextEra Energy from $72.00 to $78.00 and gave the company an outperform rating in a report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of Moderate Buy and an average price target of $74.86.

View Our Latest Stock Analysis on NEE

NextEra Energy Stock Performance

NextEra Energy stock opened at $73.06 on Wednesday. The stock has a market cap of $150.10 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.68 and a beta of 0.56. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The firm has a 50 day simple moving average of $71.54 and a 200-day simple moving average of $63.59. NextEra Energy has a 1-year low of $47.15 and a 1-year high of $80.47.

NextEra Energy (NYSE:NEEGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. On average, analysts expect that NextEra Energy will post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Keynote Financial Services LLC acquired a new stake in shares of NextEra Energy in the 1st quarter worth $570,000. IMS Capital Management lifted its holdings in shares of NextEra Energy by 1.7% in the 1st quarter. IMS Capital Management now owns 13,742 shares of the utilities provider’s stock valued at $878,000 after buying an additional 226 shares during the period. Jackson Wealth Management LLC boosted its stake in shares of NextEra Energy by 38.7% in the first quarter. Jackson Wealth Management LLC now owns 104,547 shares of the utilities provider’s stock valued at $6,682,000 after buying an additional 29,195 shares in the last quarter. Clear Rock Advisors LLC grew its holdings in NextEra Energy by 5.2% during the first quarter. Clear Rock Advisors LLC now owns 30,404 shares of the utilities provider’s stock worth $1,943,000 after acquiring an additional 1,495 shares during the period. Finally, Hamilton Wealth LLC lifted its stake in shares of NextEra Energy by 158.3% in the first quarter. Hamilton Wealth LLC now owns 9,662 shares of the utilities provider’s stock valued at $617,000 after purchasing an additional 5,922 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

About NextEra Energy

(Get Free Report)

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.

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Analyst Recommendations for NextEra Energy (NYSE:NEE)

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