NextEra Energy (NYSE:NEE - Free Report) had its price objective raised by Mizuho from $67.00 to $71.00 in a report released on Wednesday morning, Benzinga reports. Mizuho currently has a buy rating on the utilities provider's stock.
A number of other research firms have also commented on NEE. Scotiabank lifted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the company a sector outperform rating in a research note on Monday. BMO Capital Markets dropped their price objective on shares of NextEra Energy from $77.00 to $68.00 and set an outperform rating on the stock in a research note on Tuesday, April 16th. Morgan Stanley lifted their price objective on NextEra Energy from $77.00 to $79.00 and gave the company an overweight rating in a report on Monday. Guggenheim boosted their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a buy rating in a research report on Monday, January 22nd. Finally, Royal Bank of Canada reaffirmed an outperform rating and issued a $74.00 price target on shares of NextEra Energy in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $71.21.
Check Out Our Latest Stock Report on NextEra Energy
NextEra Energy Stock Up 0.5 %
NYSE:NEE traded up $0.36 during trading hours on Wednesday, hitting $66.56. The company's stock had a trading volume of 12,029,632 shares, compared to its average volume of 11,942,938. The stock has a market capitalization of $136.61 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51. 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 has a fifty day moving average of $60.26 and a 200-day moving average of $58.83. NextEra Energy has a 52-week low of $47.15 and a 52-week high of $79.10.
NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion during 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 firm's quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 earnings per share. On average, equities analysts forecast that NextEra Energy will post 3.4 earnings per share for the current year.
NextEra Energy Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from NextEra Energy's previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.09%. NextEra Energy's dividend payout ratio is 57.06%.
Institutional Investors Weigh In On NextEra Energy
Institutional investors have recently bought and sold shares of the stock. Avitas Wealth Management LLC increased its holdings 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 worth $2,299,000 after buying an additional 1,057 shares during the last quarter. Stiles Financial Services Inc grew its position in NextEra Energy by 9.0% during the fourth 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 period. Skandinaviska Enskilda Banken AB publ increased its stake in NextEra Energy by 1.7% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider's stock worth $21,995,000 after acquiring an additional 6,325 shares during the last quarter. Asio Capital LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth about $2,701,000. Finally, Robertson Stephens Wealth Management LLC lifted its stake in shares of NextEra Energy by 7.3% in 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 purchasing an additional 1,211 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.
About NextEra Energy
(
Get Free Report)
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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