Mizuho Raises NextEra Energy (NYSE:NEE) Price Target to $245.00

NextEra Energy (NYSE:NEE) had its price objective lifted by Mizuho from $202.50 to $245.00 in a report published on Friday morning, The Fly reports. The brokerage currently has a buy rating on the utilities provider’s stock.

Other analysts have also recently issued research reports about the stock. Guggenheim raised their target price on shares of NextEra Energy from $230.00 to $250.00 and gave the company a buy rating in a report on Wednesday, October 9th. KeyCorp raised their target price on shares of NextEra Energy from $231.00 to $242.00 and gave the company an overweight rating in a report on Monday, October 21st. Wells Fargo & Co raised their target price on shares of NextEra Energy from $240.00 to $260.00 and gave the company an outperform rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $214.00 to $252.00 and gave the company an overweight rating in a report on Monday, October 14th. Finally, UBS Group raised their target price on shares of NextEra Energy from $240.00 to $250.00 and gave the company a buy rating in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $232.69.

Shares of NEE traded up $3.05 during mid-day trading on Friday, hitting $236.95. 1,763,137 shares of the company’s stock were exchanged, compared to its average volume of 1,649,802. The company has a market cap of $115.24 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 3.53 and a beta of 0.15. NextEra Energy has a fifty-two week low of $164.78 and a fifty-two week high of $239.89. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.47 and a current ratio of 0.58. The stock’s 50-day moving average is $232.39 and its 200-day moving average is $219.88.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.12. The firm had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.14 billion. NextEra Energy had a net margin of 16.92% and a return on equity of 10.59%. The firm’s revenue was up 26.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.18 earnings per share. As a group, equities research analysts anticipate that NextEra Energy will post 8.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.11%. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.

In other news, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $231.32, for a total transaction of $370,112.00. Following the transaction, the director now directly owns 16,237 shares in the company, valued at $3,755,942.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sherry S. Barrat sold 4,700 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $218.57, for a total transaction of $1,027,279.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,023 shares of company stock worth $7,062,211. Insiders own 0.48% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Krane Funds Advisors LLC purchased a new position in NextEra Energy in the 2nd quarter valued at $25,000. TRUE Private Wealth Advisors purchased a new position in NextEra Energy in the 2nd quarter valued at $25,000. First PREMIER Bank purchased a new position in NextEra Energy in the 3rd quarter valued at $33,000. Vista Private Wealth Partners. LLC purchased a new position in NextEra Energy in the 3rd quarter valued at $36,000. Finally, Northwest Investment Counselors LLC purchased a new position in NextEra Energy in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 77.08% 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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Analyst Recommendations for NextEra Energy (NYSE:NEE)

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