Wells Fargo & Company reissued their overweight rating on shares of NextEra Energy (NYSE:NEE – Free Report) in a research note published on Wednesday, Benzinga reports. They currently have a $95.00 price objective on the utilities provider’s stock.
Several other research analysts also recently commented on NEE. BMO Capital Markets raised their price target on shares of NextEra Energy from $72.00 to $78.00 and gave the company an outperform rating in a report on Tuesday, May 7th. Barclays lifted their price objective on shares of NextEra Energy from $66.00 to $74.00 and gave the stock an equal weight rating in a report on Wednesday, June 5th. Royal Bank of Canada lifted their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an outperform rating in a report on Wednesday. Scotiabank lifted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a sector outperform rating in a report on Monday, April 22nd. Finally, Mizuho downgraded shares of NextEra Energy from a buy rating to a neutral rating and set a $71.00 price objective for the company. in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of Moderate Buy and a consensus target price of $74.93.
Check Out Our Latest Analysis on NextEra Energy
NextEra Energy Stock Down 0.7 %
Shares of NYSE:NEE opened at $72.24 on Wednesday. The firm has a fifty day moving average price of $71.18 and a two-hundred day moving average price of $63.37. 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 cap of $148.41 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 2.82 and a beta of 0.56.
NextEra Energy (NYSE:NEE – Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the firm earned $0.84 EPS. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. Analysts anticipate that NextEra Energy will post 3.4 EPS for the current fiscal year.
NextEra Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Monday, June 3rd. NextEra Energy’s payout ratio is presently 56.13%.
Hedge Funds Weigh In On NextEra Energy
A number of hedge funds have recently modified their holdings of the company. Jackson Wealth Management LLC increased its position in shares of NextEra Energy by 38.7% in the first quarter. Jackson Wealth Management LLC now owns 104,547 shares of the utilities provider’s stock valued at $6,682,000 after acquiring an additional 29,195 shares during the period. Clear Rock Advisors LLC increased its position in shares of NextEra Energy by 5.2% in the first quarter. Clear Rock Advisors LLC now owns 30,404 shares of the utilities provider’s stock valued at $1,943,000 after acquiring an additional 1,495 shares during the period. Hamilton Wealth LLC increased its position in shares of NextEra Energy by 158.3% in the first quarter. Hamilton Wealth LLC now owns 9,662 shares of the utilities provider’s stock valued at $617,000 after acquiring an additional 5,922 shares during the period. Objective Capital Management LLC purchased a new position in shares of NextEra Energy in the first quarter valued at about $227,000. Finally, Maxwell Wealth Strategies Inc. purchased a new position in shares of NextEra Energy in the first quarter valued at about $434,000. Hedge funds and other institutional investors own 78.72% 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,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.
Recommended Stories
Receive News & Ratings for NextEra Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NextEra Energy and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
