NextEra Energy, Inc. (NYSE:NEE) Receives $72.64 Average Target Price from Analysts

NextEra Energy, Inc. (NYSE:NEEGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $72.93.

NEE has been the subject of several analyst reports. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Mizuho raised their price target on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Morgan Stanley lifted their price target on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, BMO Capital Markets increased their price objective on NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th.

Get Our Latest Research Report on NextEra Energy

Hedge Funds Weigh In On NextEra Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. WealthPlan Investment Management LLC boosted its holdings in shares of NextEra Energy by 12,378.3% in the third quarter. WealthPlan Investment Management LLC now owns 7,487 shares of the utilities provider’s stock valued at $429,000 after acquiring an additional 7,427 shares in the last quarter. Los Angeles Capital Management LLC increased its position in NextEra Energy by 224.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 37,324 shares of the utilities provider’s stock worth $2,138,000 after purchasing an additional 25,810 shares during the period. Cornerstone Wealth Management LLC raised its stake in shares of NextEra Energy by 102.2% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 17,987 shares of the utilities provider’s stock worth $1,031,000 after buying an additional 9,093 shares in the last quarter. Carr Financial Group Corp lifted its holdings in shares of NextEra Energy by 21.3% in the 3rd quarter. Carr Financial Group Corp now owns 4,093 shares of the utilities provider’s stock valued at $243,000 after buying an additional 719 shares during the period. Finally, Wambolt & Associates LLC lifted its holdings in shares of NextEra Energy by 1.9% in the 3rd quarter. Wambolt & Associates LLC now owns 15,003 shares of the utilities provider’s stock valued at $782,000 after buying an additional 285 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 2.0 %

NextEra Energy stock opened at $78.19 on Tuesday. The firm has a market capitalization of $160.64 billion, a P/E ratio of 21.31, a P/E/G ratio of 2.84 and a beta of 0.50. The stock’s fifty day simple moving average is $68.78 and its 200-day simple moving average is $62.13. NextEra Energy has a twelve month low of $47.15 and a twelve month high of $78.26. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEEGet Free Report) last issued its quarterly earnings results 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. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. NextEra Energy’s revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 EPS. As a group, equities analysts expect that NextEra Energy will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a $0.515 dividend. The ex-dividend date is Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.63%. NextEra Energy’s payout ratio is 56.13%.

NextEra Energy Company Profile

(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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