NextEra Energy (NYSE:NEE) Stock Rating Upgraded by StockNews.com

NextEra Energy (NYSE:NEE) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

NEE has been the subject of a number of other research reports. Guggenheim lifted their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. BMO Capital Markets reduced their price target on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Barclays started coverage on shares of 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 reaffirmed an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. Finally, Morgan Stanley upped their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.93.

NextEra Energy Trading Up 1.3 %

NEE opened at $66.18 on Monday. The firm has a market capitalization of $135.83 billion, a P/E ratio of 18.33, a P/E/G ratio of 2.31 and a beta of 0.51. The firm’s 50 day moving average is $60.26 and its 200-day moving average is $58.83. NextEra Energy has a 52-week low of $47.15 and a 52-week high of $79.25. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The business’s revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Analysts expect that NextEra Energy will post 3.4 EPS for the current fiscal year.

Institutional Trading of NextEra Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clear Investment Research LLC raised its holdings in NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after buying an additional 364 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in NextEra Energy in the fourth quarter worth approximately $29,000. Alaska Permanent Fund Corp grew its holdings in NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 208 shares during the last quarter. Stuart Chaussee & Associates Inc. grew its holdings in NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 410 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new position in NextEra Energy during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds 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.