NextEra Energy (NYSE:NEE) PT Raised to $73.00

NextEra Energy (NYSE:NEE) had its price objective raised by Scotiabank from $69.00 to $73.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “sector outperform” rating on the utilities provider’s stock. Scotiabank’s price target indicates a potential upside of 10.31% from the company’s current price.

NEE has been the topic of several other reports. Barclays began coverage on NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 target price on the stock. Guggenheim boosted their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Mizuho reissued a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Morgan Stanley boosted their target price on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday. Finally, StockNews.com downgraded NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.93.

NextEra Energy Stock Up 1.3 %

NYSE NEE opened at $66.18 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The stock’s 50 day moving average is $60.26 and its two-hundred day moving average is $58.83. The company has a market capitalization of $135.83 billion, a price-to-earnings ratio of 18.33, a PEG 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.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 11.73% and a net margin of 26.00%. The company’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 earnings per share. Equities analysts forecast that NextEra Energy will post 3.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Avitas Wealth Management LLC raised its position in shares of NextEra Energy by 2.9% during the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after acquiring an additional 1,057 shares during the last quarter. Stiles Financial Services Inc raised its position in shares of NextEra Energy by 9.0% during the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after acquiring an additional 2,899 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of NextEra Energy by 1.7% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock valued at $21,995,000 after acquiring an additional 6,325 shares during the last quarter. Asio Capital LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at $2,701,000. Finally, Robertson Stephens Wealth Management LLC raised its position in shares of NextEra Energy by 7.3% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock valued at $1,015,000 after acquiring an additional 1,211 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

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.