NextEra Energy (NYSE:NEE – Free Report) had its price target upped by JPMorgan Chase & Co. from $76.00 to $90.00 in a report released on Thursday, Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.
A number of other research analysts have also recently commented on the company. Barclays decreased their price target on NextEra Energy from $74.00 to $73.00 and set an equal weight rating on the stock in a research note on Thursday, June 13th. Bank of America upped their price target on NextEra Energy from $61.00 to $67.00 and gave the stock a neutral rating in a research note on Tuesday, April 23rd. Wells Fargo & Company restated an overweight rating and set a $95.00 price target on shares of NextEra Energy in a research note on Wednesday, June 12th. BMO Capital Markets upped their price target on NextEra Energy from $78.00 to $79.00 and gave the stock an outperform rating in a research note on Wednesday, June 12th. Finally, StockNews.com upgraded NextEra Energy from a sell rating to a hold rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $76.50.
Check Out Our Latest Stock Analysis on NEE
NextEra Energy Price Performance
NYSE:NEE opened at $72.49 on Thursday. NextEra Energy has a 12 month low of $47.15 and a 12 month high of $80.47. The stock has a 50 day moving average of $72.09 and a two-hundred day moving average of $63.91. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The firm has a market cap of $148.93 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56.
NextEra Energy (NYSE:NEE – Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the business earned $0.84 EPS. NextEra Energy’s quarterly revenue was down 14.7% on a year-over-year basis. On average, analysts expect that NextEra Energy will post 3.41 earnings per share for the current fiscal year.
NextEra Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s payout ratio is 56.13%.
Hedge Funds Weigh In On NextEra Energy
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clear Investment Research LLC grew its holdings in shares of NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after buying an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in NextEra Energy in the fourth quarter valued at about $29,000. American Capital Advisory LLC lifted its position in NextEra Energy by 74.5% in the first 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. lifted its position in NextEra Energy by 315.4% in the fourth 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 acquired a new stake in NextEra Energy in the fourth quarter valued at about $34,000. 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.
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