NextEra Energy (NYSE:NEE) Receives “Overweight” Rating from Wells Fargo & Company

Wells Fargo & Company reiterated their overweight rating on shares of NextEra Energy (NYSE:NEE) in a research note released on Wednesday, Benzinga reports. They currently have a $95.00 price objective on the utilities provider’s stock.

A number of other research analysts also recently commented on NEE. Barclays boosted their target price on NextEra Energy from $66.00 to $74.00 and gave the company an equal weight rating in a research note on Wednesday, June 5th. Mizuho cut NextEra Energy from a buy rating to a neutral rating and set a $71.00 price target for the company. in a research report on Wednesday. Royal Bank of Canada boosted their price target on NextEra Energy from $74.00 to $84.00 and gave the stock an outperform rating in a research report on Wednesday. Scotiabank boosted their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a sector outperform rating in a research report on Monday, April 22nd. Finally, BMO Capital Markets boosted their price target on NextEra Energy from $72.00 to $78.00 and gave the stock an outperform rating in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $74.86.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $73.06 on Wednesday. The business’s 50-day moving average price is $71.54 and its two-hundred day moving average price is $63.59. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. NextEra Energy has a one year low of $47.15 and a one year high of $80.47. The company has a market capitalization of $150.10 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 2.68 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. Analysts anticipate that NextEra Energy will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $0.515 per share. The ex-dividend date is Monday, June 3rd. This represents a $2.06 annualized dividend and a yield of 2.82%. NextEra Energy’s dividend payout ratio is 56.13%.

Hedge Funds Weigh In On NextEra Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in NEE. Clear Investment Research LLC increased its stake in NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 364 shares during the period. BOK Financial Private Wealth Inc. bought a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $29,000. American Capital Advisory LLC grew its stake in shares of NextEra Energy by 74.5% in the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 205 shares during the period. Stuart Chaussee & Associates Inc. grew its stake in shares of NextEra Energy by 315.4% in the 4th 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 period. Finally, Valued Wealth Advisors LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $34,000. 78.72% of the stock is currently owned by institutional investors.

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.