NextEra Energy, Inc. (NYSE:NEE) Receives $71.50 Average Target Price from Brokerages

NextEra Energy, Inc. (NYSE:NEE) has been assigned an average rating of “Moderate Buy” from the fifteen analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $71.50.

Several research firms recently issued reports on NEE. Barclays started coverage on NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective for the company. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company raised their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Morgan Stanley boosted their price target on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, Guggenheim raised their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Avitas Wealth Management LLC increased its stake in shares of NextEra Energy by 2.9% during the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after buying an additional 1,057 shares during the period. Stiles Financial Services Inc lifted its position in shares of NextEra Energy by 9.0% in the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after purchasing an additional 2,899 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake 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 purchasing an additional 6,325 shares in the last quarter. Asio Capital LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at about $2,701,000. Finally, AJOVista LLC bought a new position in NextEra Energy in the fourth quarter worth about $162,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 1.9 %

NEE stock opened at $70.14 on Friday. The stock has a 50-day simple moving average of $62.00 and a two-hundred day simple moving average of $59.66. NextEra Energy has a twelve month low of $47.15 and a twelve month high of $78.53. The firm has a market capitalization of $144.10 billion, a PE ratio of 19.11, a PEG ratio of 2.58 and a beta of 0.50. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the company earned $0.84 earnings per share. NextEra Energy’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, equities analysts predict that NextEra Energy will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a $0.515 dividend. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 2.94%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is presently 56.13%.

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.